What You Should Know About Free Chips in Online Casinos
$5,000 Welcome Bonus
Free chips are bonus money received by gamblers when they sign up at a casino. These chips could come as part of a welcome package or as a standalone bonus. In today’s competitive online gaming industry, having the best game selections, graphics, and odds is not enough to attract players.
Casinos have become creative with the kinds of bonuses they use in luring and keeping players. Here is what you need to know about free chips to take the fullest from them.
What Are Free Chips
Free chips are a popular type of no deposit bonus. They are called “no deposit” because players don’t have to fund their own money before they receive the rewards. This offer is mainly used as a promotion to get players familiar with the games at the casino. It is not uncommon to see them used heavily in certain regions. For example, Australian casino no deposit bonus promos might be ramped up to increase gambling activities and attract new Aussie players.
Before we move on, remember that gambling with free money can be addictive because it’s available without any hassle. Always pace yourself when gambling and avoid picking up addictive habits. If you think you have a problem with gambling addictions, you can contact a trusted centre like Gambling Therapy for help.
Pros and Cons of Free Chips
As you know, every casino offer has its advantages and disadvantages. Let’s look at how the free chip bonus differs from other promotions and what pitfalls you may encounter.
How Do Free Chips Work?
Free chips allow gamblers to play any game at a casino for free. The value of the free chips determines how long you can play the games before you are required to make a deposit. For free chips that are tied to specific games, players will only be allowed to use bonus funds on the mandated games until they are used up.
For example, an online casino may specify that free chips can only be used on slot machines and not table games or progressive jackpots. Players should read the terms and conditions of the free funds before they begin using them.
Free chips may also require a bonus code for players to claim them. You can find these codes on the casino promotions page or you can check casino review websites for the active promo codes required to claim free chips. Most times, free chips cannot be used to win real money at a casino. Some platforms may specify that players have to meet certain requirements for the chips to convert to real money wins.
Wagering Requirements
These requirements are the number of times you need to wager a bonus before you can withdraw it as real money wins. Casinos place these requirements to ensure that players do not withdraw free chips without using them to gamble at the casino first. The wagering requirement is not constant among casinos and could range from 20x to 60x the bonus amount.
For example, if you receive A$50 worth of free chips with a 50x wagering requirement, your total wagers should be up to A$2500 (50 x 50) before you can cash out any wins. Wagering requirements are a key component of free chips. If players are to cash out any real money wins, it is important that they pay attention to these conditions.
Validity Period
The validity period of free chips is how long they can be used before they expire. Expired bonuses are voided by the casino and revoked. Therefore, players will no longer be able to use the bonus after the expiry date. Some casinos have as little as 24-hour validity periods, while others go as high as 30 days. Setting time limits on these bonuses helps casinos keep players active, as they do not want to lose the bonus. Check for the validity period of the free chips when you receive them so you can plan how you will use them.
Maximum Cash Out
Free chips that can be converted to real money wins usually have a maximum cashout amount. Even if you meet the wagering requirements within the validity period, you will only be able to withdraw the maximum stipulated amount. For example, if a free chip bonus has a maximum cash out of A$400, you cannot withdraw any winnings above that amount.
How to Choose Online Casinos With the Best Free Chips
There are several factors you should consider when choosing the best casino for free chip bonuses. This will help you determine the best offer for your needs. Here are some of the aspects you should take into account when evaluating the free chip offers at casinos:
- The value of the chips. Casinos with higher-value chips should be prioritised.
- You should check the validity period of the free chips and pick those with longer time frames.
- Only select free chip bonuses with reasonable wagering requirements.
- The maximum cashout allowed should also be of a high amount so you can get the most value for meeting the wagering requirements.
Conclusion
If you are new at an online casino, free chips give you a chance to familiarise yourself with the games at the casino. Where permitted, you will be able to withdraw your winnings if you meet the wagering requirements. When selecting the casino with the best free chips, you should use all the factors we have listed to ensure that you get the best one. Also, remember to gamble responsibly to avoid getting addicted. With the information we have provided in this article, you are ready to go on your free chip adventure.
* The information in this article and the links provided are for general information purposes onlyand should not constitute any financial or investment advice. We advise you to do your own researchor consult a professional before making financial decisions. Please acknowledge that we are notresponsible for any loss caused by any information present on this website.
