Free Spins vs. Cashback Bonuses: Which is Best?
Free spins vs. Cashback bonuses – so which is best? Let us explain:
The online casino industry has exploded in recent years with new platforms popping up to attract players. To stand out, these casinos throw in a variety of enticing rewards to attract new users and keep existing ones coming back. Two of the most popular incentives in this category are free spins and cash bonuses.
With that said, if you’re wondering which of these two provides more value, we have something for you. This write-up takes a closer look at free spins vs.cashback bonuses to determine which might be the better choice for you.
Understanding Free Spins
If you love slot reels, free spins might be the way to go. They are a common casino bonus that allows players to spin reels without spending a dime of their own money and they usually work only for a specific game or set of games chosen by the casino. For example, a platform might offer 50 free spins on a popular slot like Book of Dead or Starburst which players can then use to win real money.
This brings us to the perks of using free spins. One major advantage is that they allow players to try out a game for free with a chance to win real cash. In fact with these spins, a player may get lucky and could hit a big win without ever making a deposit.
However, note that most free spins come with wagering requirements. This means that you must play through your winnings a certain number of times before you can withdraw. For instance if you win $10 from free spins and the wagering requirement is 30x, you must wager $300 before you can withdraw your earnings.
Another limitation is the maximum win limit that most USA online casino place on free spins. So in a case where the maximum cashout is $100 and you win $200, you can only withdraw $100 while you forfeit the remaining $100.
Despite these restrictions, free spins are a great way for players to explore new slot games without risking money.
What are Cashback Bonuses?
Cashback bonuses are quite different from free spins. Rather than giving players free spins, the online casino will refund a percentage of your losses over a certain period. So if a casino offers a 10% cashback bonus and you lose $100 in a week, you’ll get $10 back. These cashback offers can be daily, weekly or monthly depending on the casino’s promotion.
Pros and Cons of Cashback Bonuses
First, we start with the pros. Cashback offers have several advantages, including the following:
- They help reduce the sting of losing and give you back a portion of your money
- Unlike free spins that only apply to slot machines, cashback offers apply to most online casino games like slots, blackjack, baccarat etc
- With some cashback offers, there are no wagering requirements which means you can withdraw the refunded money immediately. Even the ones with requirements are usually easy to fulfill.
As with everything that has an advantage, cashback offers also have some demerits:
- It’s only useful if you lose; you won’t receive any cashback if you win
- The percentages allotted to cashback offers are usually small (5-20%), so they might not seem as exciting as free spins
- Casinos usually calculate cashback over a specific period, which means you must play regularly to benefit from it
Free Spins vs. Cashback Bonuses – Which Bonus Offers More Value?
The answer to this lies in your playing style and preferences. This is why it’s important to consider factors like wagering requirements, potential earnings and overall risk. Below is a quick comparison to help you choose:
- Free spins can be a great way to get extra playtime and potential winnings if you love playing slots. However, be mindful of the wagering requirements.
- For players who prefer lower-risk rewards, cashback bonuses are the safer option because they help recover some of their losses without requiring extra betting
- If you like flexibility, cashback bonuses are better since they apply to a wide range of games. On the other hand,d free spins are usually limited to specific slots.
- If you enjoy chasing big wins, free spins might be more appealing, as a single lucky spin can result in a significant payout
Free Spins vs. Cashback Bonuses Closing Thoughts
Ultimately, the best way to find out which bonus suits you is to try both and see the one that fits your playing style. To be on the safe side, though, make sure you always check the terms and conditions of any bonus before claiming it. With the right choice, you can make the most of your casino experience and get the best possible value. Happy gaming.
