Free Chip vs Free Spins: Which One Actually Pays More?
If you’ve spent any time browsing casino promos from different companies. You’ve seen both options for promos everywhere. A free chip or free spins. Both of them may seem similar at first glance. They offer you free money and free gameplay. However, if you look at the details behind each promotion, they tend to work out differently for players.
So, which is the better offer out of the two? Let’s take a closer look at each and compare them to determine which promos offer better chances of walking away with some cash.
Free Chip Promo Offerings
A free chip comes with a set amount of bonus money that you can use to play slots and sometimes even table games. The benefit of a free chip is that you have complete control over how you use your bonus money.
You can use it to make low bets to extend the life of your bonus money or put in high bets if you want to try to win a big prize quickly. The downside to a free chip is that most promotions include high wagering requirements.
Typically, the wagering requirements are 50x or 60x for many casinos, and in many cases, only slot games must be played to fulfill the requirement. Additionally, most casinos will cap the withdrawal of your bonus money.
However, if you can manage your balance wisely, you can use your free chip to earn a higher balance than expected from the bonus.
Free Chip Strategy
To get the most out of your free chip promos, you’ll want to follow a strategy. Jumping in and playing slots randomly will lead to losing your bonus money quickly.
One winning strategy is to start with lower-volatility slots so you can win more frequently throughout your bonus period.
Stick with a consistent betting amount throughout your play. If you alternate between low bets and high bets, you’ll burn through your free chip quickly.
Play with a max cashout in mind from the beginning. If your casino limits your winnings from a free chip to $100. You do not want to play with the intention of hitting $500. If you can stick to these recommendations, your bonus will work in your favor.
Free Spins Offerings
With a free spins promotion, you get a specific number of spins on one slot game. There are no options or strategies for how to use your free spins – you just get to enjoy the win or lose the spins.
Free spins are considered to be much more beginner-friendly. They do not require any strategy or up-front thinking to use them.
However, you do not have control over the slot game and its volatility. If you are playing a slot with high volatility, you might win once – then find yourself without any bonus spins left. Additionally, the wagering requirements for spins are usually lower – around 35x to 45x – which makes it seem appealing. However, there will also be a cap on the withdrawal of your winnings from the free spins promos and limits on how much money you can win from the spins themselves.
Free Spins vs. Free Chip: Which Is More Lucrative?
Ultimately, the more lucrative of the two bonus offers will depend on the way in which you play with it.
The free chip allows you to earn more money because of the type of control that you have over your gameplay. You can play slots with higher win percentages. And build your bonus to a higher amount before you begin to meet the wagering requirements to claim your winnings.
The free spins promotion will rely upon luck to determine whether or not you will win any money during your bonus period.
The promotion may be less stressful to use because you are not required to perform any strategy or risk your balance. However, because you have no control over your slot game. It might not be the best way to build your bonus and earn enough to meet wagering requirements.
Ultimately, if you are looking to earn your money and win prizes, a free chip bonus will likely win out over free spins. However, if you are looking for a much easier bonus promotion to use with less stress, the free spins promotion will come out on top.
Free Chip Bonus Verdict
Ultimately, there is no guarantee that either of these bonus promos will result in any winnings for you. However, they are both offered to different types of players.
If you choose to take the plunge and claim a free chip bonus, consider the following:
• You will have complete control over your gameplay using your bonus.
• You will have to meet high wagering requirements.
• You will be limited in the amount of money you can withdraw.
However, if you choose to take the free spins bonus, you will find yourself with the following options:
• Much easier bonus to claim without any strategy.
• Ya won’t have control over the slot game that you play.
• Winnings will have a limit.
Therefore, go for a free chip if you want to have more of a chance to win prizes and make something happen with your bonus. However, you must play it smartly to do so.