subject: Are Free Casino Chips Truly Free? [print this page] Are Free Casino Chips Truly Free? Are Free Casino Chips Truly Free?
Let's face it. We all want something for nothing. So when online casinos offer free chips or free casino bonus cash as a way to entice us to play, it is very tempting. However, are those free chips actually that free?
To truly answer that question, you really need to get a good grasp on what an online casino is actually offering when they talk about free casino chips'. They are not offering to give you free money, just free casino credits. A very different thing, I'm sure you'll agree.
Casino credits are, put simply, play money. It is possible to win real cash from these, but the initial credit can never be cashed out. Hence, it isn't really free cash'. Take this as an example: an online casino offers you $100 free chip. You take the bonus and, luckily enough, find that you are winning. You get up to $200 and think that it is time to cash in your winnings.
Well, even though your casino balance will say $200 you will only be able to cash out $100 because that first $100 of free chips is "non cashable", not real and worthless. Also added to this "Free Chip" offer is a wager requirement. Now what this means is that any free credits given to you will need to be wagered whatever amount of times the casino has in its terms and conditions for the "free cash". So if they require you to wager this "fake cash" 20 times, this means that the fake or useless credits will have to be wagered 2000 times on that initial $100 worth of casino credits.
Of course, there are other rules. There are often restrictions on which games you can and can't play. Some games (often roulette and blackjack) don't count towards the wagering requirements so these are to be avoided while playing with bonus cash.
Best advice is to thoroughly check the terms and conditions of each casino to make sure you know which games do count towards the wager requirements. Lastly, the other major factor to consider when playing free no deposit bonuses is whether there is a limit on the amount you can cash out from using one.
Many free chips now have a limit on how much real cash you can win from their no deposit bonus. This limit could be as little as $50. That would mean that no matter how much you win, you would only be able to cashout $50.
There are many online casinos that stipulate this in their terms and conditions and we highly suggest our make sure you know these rules before accepting a "free chip" offer.
So, is that free chip' quite as free as you first thought it was?
