Sometimes, but very rarely, online casinos may distribute Free Spins to their players without any wagering requirements, meaning that the winnings will be transferred directly to the player’s real money balance.
In most cases, however, there are wagering requirements for the Free Spins, which depend not only on the casino’s coefficient, but also on the player’s level of winnings.
For example, it may be that a casino will put in the terms and conditions of the bonus a rule that the player must wager his Free Spins winnings 35 times before they can be cashed out.
So if the player wins $10, he will have to wager a total of $350 before he can withdraw his winnings.
Note that it does not matter if the player wins more while trying to complete the wagering requirement, as any extra winnings are not added to the amount that must be wagered.
Free Spins may be subject to wagering requirements, but also to other terms:
- Time Limit – Sometimes a player will have a few days to complete the wagering requirements, after which the bonuses and unused Free Spins are removed from the account.
- Winnings – In addition to the previous section, especially when no deposit is required, Free Spins are often accompanied by a payout limit that aims to ensure that the player does not win thousands at the casino without risking it with real money.
It is important to be aware that each casino gives the player normaly only one welcome bonus. If any rules are violated, the player’s profits can be confiscated.
Before withdrawing the money, the player usually needs to confirm his identity to get the winnings credited to his own account. Players confirm their identity by sending copies of an ID card, passport or bank statements.
Fortunately, online casinos will be happy to guide you when you need to prove your identity. Remember that any licensed casino is required to prove the identity of its customers in order to ensure that the players are of legal age, as well as to combat money laundering.