What would you say to 500 free spins? Yes? No? We can’t help you make up your mind there, but we can give you a little more information on how these bonuses work. We will also tell you how casinos can offer such seemingly generous bonuses without immediately sinking under the weight of player winnings and withdrawals. Here’s what you need to know about 500 free spin offers in the online casino industry.
What are 500 Free Spin Bonuses?
You can probably guess it from the name, but these bonuses give you 500 free spins to use on one or more slot machines. The value of those spins, the type of slot, and the terms and conditions can all differ, and we’ll get to that shortly, but if they’re offering 500 free spins, that’s what’s on offer.
Which Sites Offer 500 Free Spins?
You can get 500 free spin bonuses on a number of casinos. Surprisingly, while you’d expect to see them more frequently on sites that go all-in with their slots and other casino games, they’re actually more common on bingo/slot sites.
Here are the three main times you’ll see 500 free spin bonuses:
First Deposit Bonuses and Welcome Package Bonuses
The most common place you’ll see 500 free spin bonuses is in first deposit and welcome package bonuses. These promotions are used to draw new players to the site and as all players are drawn by the promise of 500 free spins, they are usually an effective marketing tactic.
A first deposit bonus is simply a bonus that applies to your first-ever deposit with an online casino. There will be terms to meet (more on those below) and once the first deposit has been collected and used, there might be a second, third, fourth, and even fifth deposit bonus to collect.
In such cases, expect the first and final bonuses to offer the greatest number of spins and credits.
As for welcome package bonuses, they offer a mixture of perks, including free spins, bonus credits, and cashback offers. If the site also has bingo games, a handful of bingo tickets may be included in this bonus.
It’s rare to see such a large number of free spins being offered alongside other bonuses, but it’s not unheard of.
If you ever get 500 free spins as part of a loyalty scheme, chances are that you’re a higher spender.
Free spins are the reward of choice for many loyalty promotions and VIP clubs. You’ll earn this high number of spins by making it to one of the latter levels and earning a milestone reward or by collecting loyalty points and then spending them all at once.
Some reload promotions may also go this high, but it’s rare.
There is one casino operator that regularly offers 500 free spin bonuses to both new players and loyal players. They are good bonuses, but they’re not always as generous as they seem.
That developer is Jumpman Gaming, one that we are very familiar with on this site.
We have reviewed scores of Jumpman Gaming casinos and bingo sites in the past and we’ll probably review dozens more in the next couple of years. These guys are big players, and we love most of what they do, including Rocket Slots and Aztec Wins.
Most Jumpman Gaming sites promise a welcome bonus that goes as high as “500 Free Spins”. What’s more, you are given another chance to collect this bonus simply by virtue of being an active player.
You have a chance of unlocking these spins with a deposit of just £10.
There are some caveats to be aware of though.
Firstly, it’s a game of chance with multiple options, and there is no guarantee that you will collect the 500 free spins. That’s not even the top prize, as we’d argue that the £10 Amazon Voucher is even better.
Secondly, check out the wagering requirement—at 65x, it’s one of the biggest you will encounter. It means that if you win £10 from the free spins, you must wager £650 to clear the funds for withdrawal.
The spins are also restricted to a single slot machine. Jumpman Gaming loves its NetEnt games so the slots are usually titles like Starburst, Fluffy Favourites, and Gonzo’s Quest.
Finally, we have the biggest term of all, and it goes something like this:
…max bonus conversion equal to lifetime deposits (up to £250)
This might not mean anything at first glance, but it essentially prevents you from winning more than the value of your total deposits. If you’re collecting this bonus as a new player, your “lifetime deposits” are the same as your first deposit.
So, if you deposit £10, collect 500 free spins, and then win £500, you will lose £490.
In that sense, it’s more of a unique way to create a 100% matched deposit bonus, albeit one that also lets you experience 500 spins on a popular slot.
The good thing about this bonus is that it also applies during the Jumpman Gaming loyalty program. This program is based on a series of challenges and trophies. The more of these that you collect, the higher you will climb. Every time you advance a level, you’re given another shot at this bonus and those spins (potentially).
By this time, you’ll be an active member and so you may have deposited more money. As a result, you’ll be able to unlock greater rewards.
What Terms Do I Need to Consider for a 500 Free Spin Bonus?
In addition to the specific terms mentioned above, there are other terms to keep an eye out for when collecting 500 free spin bonuses:
- Deposit Requirements: All bonuses have a minimum deposit requirement that must be met for you to collect the bonus. Failure to deposit enough will void the bonus. It’s usually £10 or £20, but don’t assume and always check.
- The Value of Each Spin: An offer of 500 free spins isn’t always as great as it seems. Free is free, and it’s a good excuse to play some slots, but don’t get carried away, and always check the value of the spins first. If the spins are worth just £0.05, as many are, the entire bonus will be worth £25, which doesn’t sound as impressive.
- Game Restrictions: Free spin bonuses are nearly always fixed to a specific slot machine. At best, you can play all of the slots offered by a single developer. Most of the time, you’re limited to a single game.
- Wagering Requirement: The wagering requirement concerns the amount of money that you must wager before the free spin winnings convert to cash and become withdrawable. As noted above, this term is fixed at 65x on most Jumpman Gaming sites, but it can range from 25x to 70x.
- Contributions During the Wagering Period: How you meet those wagering requirements will depend on the wagering contributions. These determine how quickly the wagering requirement finishes.
- Win Limits: The “max conversion is equal to your lifetime deposits” term on Jumpman Casino promotions is a win limit. It restricts your winnings/withdrawals to a specific monetary amount or bonus percentage.
Collect 500 Free Spins Today!
We’ve told you the whys, whens, whats, and hows of 500 free spin bonuses—the only thing left to do is to collect and experience them for yourself.
All of the casinos listed in this guide have 500 free spin bonuses available. Many of them also have other welcome bonuses and loyalty offers, as well as countless top games. And because they have made it to our site and our top lists, you know that they are safe, secure, fair, and well worth your time and money.
FAQs about 500 Free Spin Bonuses
To withdraw your winnings from a 500 free spin bonus, you must first clear the wagering requirements. These vary from bonus to bonus, but they nearly always exist and should be checked in advance.
No. The “spins” don’t include Roulette and other table games.
Yes, it doesn’t really matter where you use them and you’re free to spin on mobile and desktop. Of course, some bonuses may only be available on one platform, but they are rare.
It’s rare to find a free spin bonus that offers more than 500 free spins. Once you get into that territory, it makes more sense to offer bonus credits.
If the site accepts PayPal, then maybe. However, some casinos don’t offer bonuses to players who use certain web wallets, including PayPal, Neteller, and Skrill.