Tips to Win Real Money Using UK No Deposit Free Spins Bonuses
Players who claim no deposit free spins bonuses always ask whether they can win real money while using their bonus. The answer is a huge yes.
However, bonuses have terms & conditions that make it very difficult for players to win and withdraw their bonus winnings. Here are a few tips and tricks to maximize your free spins bonus profits.
Understand the True Value of the Bonus: The first step to claiming a bonus is to calculate its true value. Should you claim a 25, a 50, or a 100 free spins no deposit bonus?
New players fail to realize that online casinos advertise no deposit free spins bonuses as quantities, not currency values. You may feel that 100 free spins have more value than 10 free spins, but that need not necessarily be true.
Hot Tip: It is not the number of free spins you receive but the game on which you can use your free spins that is important.
The following Winspark Casino bonus will help explain this.
Winspark Casino is giving away 50 no deposit free spins on Gold Rush.
Your knowledge of the eligible game is important because it helps you to calculate the estimated value of the bonus you are about to claim.
You need to know the following variables to calculate the estimated value of your bonus:
- Number of paylines of the eligible slot
- Minimum coin size of the eligible slot
- Number of free luckyland casino
The estimated value of your free spins bonus is the product of the minimum coin size, the number of paylines, and the number of free spins.
In the case of this bonus, the variables are as follows:
- Minimum coin size is 0.01
- Number of paylines is 50
- Number of free spins is 50
So the value of the free spins bonus is as follows:
Minimum coin size (0.01) X Number of free spins (50) X Number of paylines (50) = Value of the free spins bonus (£25)
When you learn how to calculate the estimated value of a no deposit free spins bonus, you improve your odds of using bonuses to make a profit. The following is a step-by-step guide to help you figure out whether you will profit from the bonus in the long term.
This time, we will use the example of the no deposit free spins bonus at LV Bet Casino.
Currently, LV Bet Casino is welcoming new players with 30 no deposit free spins on Aloha! Let us find out if this bonus will be profitable or non-profitable in the long term.
Step 1: Find out the max cashout rules of this bonus.
You will find the max cashout either within the bonus advertisement or in the fine print below the bonus advertisement. In the case of this bonus, the max cashout is £100.
Step 2: Calculate the total amount you have to wager to fulfil the wagering requirements.
Assuming that you win £10 using your no deposit free spins bonus, you have to multiply your free spins winnings by the bonus wagering requirement to find out the total amount you have to wager to fulfil the wagering requirements.
The wagering requirement for this bonus is 35x. So, we can work out the total amount to wager as follows:
Wagering Requirement (35) x Free Spins Winnings (£10) = Total Amount to Wager (£350)
Step 3: Find out the house edge of the eligible game.
A simple Google search will help you to find the return to player (RTP) percentage of the eligible slot. Remove this RTP from 100% to find out the house edge of the slot. You can then convert this into a whole number.
Aloha! has an RTP of 96.42%. When we remove this RTP from 100%, we get 3.8%. When converted into a whole number, this becomes 0.036.
Step 4: Calculate the profitability of the bonus
Use the following equation:
Max cashout – (total amount to wager to fulfil the wagering requirement x house edge) = expected value of the bonus.
£100 – (£350 x 0.036) = – £9
As the expected value of the bonus is close to becoming a positive integer, you may make a profit from the bonus because of Aloha! slot is packed with bonus features. However, it is best to claim a bonus with a positive expected value.
Claim your 30 no deposit free spins on Aloha! at LV Bet Casino now!