Bonus Wars: Free Spins vs. No Deposit Bonus
Online casinos know that the best way to get people to play on their site is to give them incentives. The most common way casinos do this is via bonuses. This is the reason Bitcoin gamblers should be familiar with the various banners proclaiming one bonus after another on the welcome pages of various online gambling sites.
With all of these bonuses out there, online gambling sites have been in an arms race to create the most appealing package possible to get new players. The usual tactic is to raise the numbers on the bonus package or even offering more perks. Some casinos go in the other direction and create new bonuses for people to like, but there are two bonus types that stand out in terms of enticing new players: free spin bonuses and no deposit bonuses.
Why these bonuses?
There are several reasons these bonuses are in the limelight. The main one is that these two do not require an initial commitment.
Most bonuses require that a player make at least an initial minimum deposit. Free spins and no deposit bonuses turn that paradigm on its head by being given away freely. Some free spin bonuses require a minimum deposit or linked to a deposit bonus, but the deposit requirements are usually low. The main way to get free spins or no deposit bonuses is for the player to sign up for the online casino or to just input a promo code.
The fact that these bonuses are being practically given away does not mean that online casinos are losing out when players use them. Free spins on slots have a chance of winning, but they will not be exactly bank-breaking sums.
Even if people do win using free spins, gambling sites often have heavy wagering requirements on the wins before they can be taken out of the account.
New players signing up on BitStarz will receive 20 free spins even without placing a deposit. They may win a total of 100 mBTC using those free spins, but cashing out the wins is subject to a wagering requirement of 40 times the bonus sum.
As for no deposit bonuses, these usually value around a few milibitcoins and often have 50x to 100x wagering requirements, making the wins difficult to withdraw. Even then, these bonuses are often limited to specific games.
These drawbacks do not make them any less attractive to players, though. Many players flock to casinos offering no deposit bonuses in the belief that they are getting free money.
Seeking the best results
Recently though, the lure of Bitcoin casino no deposit bonus deals has weakened a bit. It may be because players are becoming more perceptive or that they prefer a bonus that is easier to apply.
The trend is for the betting community to lean toward free spins.
Casinos like this change, too, since it is easier to fund free spins than giving out free cash, even with restrictions. Bitcoin casinos like Princess Star Casino have adopted this setup while BitCasino.io and LimoPlay, among others, have integrated free spins into their rewards system. The most notable free spins incentive, however, is that of BetChain Casino, which dedicates 50 free spins to its players every Friday.
A novel response to this trend is to mix these two bonuses together. No deposit bonuses bundled with free spins can be quite an attractive package for new players. With the change of public tastes, this solution may be the wave of the future, even for the Bitcoin gambling industry.