500 No Deposit Free Spins – Best 2024 Offers At Casino Sites

Are you looking to claim a massive 500 free spins with no deposit required? If so, you’re in the right place. While these bonuses are rare, they are occasionally available. And when they are available, you’ll find them right here at FreeSpinsTracker. 

Our team of industry experts are always on the hunt for the latest 500 free spins offers available at trusted online casino sites. If they can’t find any, they try to negotiate for exclusive 500 free spins deals. Our list is updated every day to ensure you never miss out!

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500 No Deposit Free Spins Bonuses Explained 

What is a 500 free spins no deposit bonus? Does it really exist? Let’s find out!

Free spins with no deposit required is a type of sign-up bonus you get in return for creating a new account. They are used by casinos to attract new players by offering them a free trial. Not only do you get the opportunity to play for free with no deposit free spins, but the chance to win real money too – providing you fulfill the terms and conditions. 

Typically, your free spins will be eligible on a handful of pre-selected slot games, and each free spin will have a fixed bet size equal to the minimum possible bet on the eligible slots.  Admittedly, no deposit free spins bonuses worth 500 free spins are unlikely to be available. However, here at FreeSpinsTracker we do negotiate for exclusive no deposit bonuses that occasionally approach the mark of 500 free spins or an equivalent value. 

You can learn more about no deposit free spins on our dedicated page, which also features a range of the top offers. You might want to check out our latest exclusive free spins bonuses, too.

How To Claim 500 Free Spins Without Depositing

Are you ready to claim 500 free spins with no deposit required? If so, make sure to follow our step-by-step guide. It’ll have you playing for free in under 2 minutes.

Here’s how you do it: 

  1. Go to our list of the Top 500 Free Spins No Deposit Bonuses and select the Claim Now tab on any free spins bonus you’d like to claim. You will now be redirected to the casino’s site.
  2. Select the option to Sign Up. You will then be presented with an online registration form. Please fill it out using your real details. 
  3. During the sign-up process you may come across a drop-down menu, a tick box, or a field requesting a bonus code. Select your bonus from the menu, tick the box, or paste your code into the field provided. 

    Your bonus code will be advertised in our list alongside its corresponding bonus.

  4. Your free spins should be added to your account automatically. If they are not, please find the eligible slot game – your free spins should be waiting for you in the game.
  5. That’s it. Use your free spins, have fun, and do your utmost to fulfill those wagering requirements. 

Alternative Ways To Get 500 Free Spins 

500 no deposit free spins is an exceedingly generous offer. You can rarely claim this many free spins without making a small deposit. When 500 free spins ARE available, they tend to come in the form of bonuses other than no deposit ones.

Here are a couple of examples: 

500 Free Spins Welcome Offer

One way to claim 500 free spins is by claiming a welcome bonus. These are sometimes referred to as ‘deposit free spins’ as you will receive them upon making an initial deposit. 

The deposit you have to make is rather small in comparison to the amount of free spins you receive. For instance, it’s not out of the ordinary to receive 500 free spins for a first deposit as small as $20. 

Another compelling advantage of claiming deposit free spins is the fact they usually come without win caps – which means you can cashout all your free spins winnings upon fulfilling the remaining T&Cs. 

Match Bonus With Added Free Spins 

Match bonuses with added free spins are another type of welcome bonus that may offer as many as 500 free spins. 

With this type of bonus the free spins are considered as extra spins or bonus spins, for the main body of the bonus is issued in bonus credits. 

Match bonuses work in the following way: 

  1. The casino promises to match the value of your bonus by a certain percentage and up to a particular value – for example, 100% up to $100. 
  2. Subsequently, if you make an initial deposit of $100, you will receive $100 in bonus credits. 

Many of these bonuses come with extra free spins. The amount of free spins you receive is not dependent on the amount you deposit. 

Therefore, if the entire bonus offered 100% up to $100 plus 500 free spins, you would receive 500 free spins providing you met the minimum qualifying deposit.

Of all the bonuses available, match deposit bonuses with extra free spins offer the greatest monetary value. Not only are the bonuses quantitatively massive, they also come with improved T&Cs, including the complete removal of win caps. 

Please beware, however, that the extra free spins you receive with these bonuses may be subject to different wagering requirements than the bonus credits you receive. 

Can Existing Players Get 500 Free Spins?

Claiming a welcome bonus may be a known method for receiving free spins, but it’s not the only method. Existing players can receive free spins too, though by different routes.

Here are a number of ways an existing player can acquire free spins:

Partaking In Promos

The best casinos run frequent free spins promos to either promote a new slot game, or simply to keep things interesting. Daily, weekly and monthly free spins are common. Receiving hundreds of free spins is uncommon, but not unheard of. 

If your casino is offering hundreds of free spins, you may be required to make a significantly large deposit. 

Playing Slot Tournaments 

Slot tournaments provide an alternative way of acquiring free spins. Generally, free spins and other rewards are given to a handful of the top-ranking players that place on the real-time leaderboard. 

By Becoming A VIP Member

If you play regularly, the easiest way to get free spins is probably by participating in your casino’s loyalty rewards program. These programs regularly follow a tier-level system, where you climb tiers to unlock new benefits and rewards.

A salient feature of all loyalty programs is that you earn comp points every time you either wager or make a real money deposit. The more of these points you earn, the higher you climb in the tier system, and the better your benefits become. 

Free spins are a typical reward given for unlocking a new tier. Moreover, many casinos will advertise which tier you have to unlock to receive these free spins, as well as allowing you to track your progress.

Another aspect of some casinos is that you earn another type of ‘point’ alongside your tier-level points. These other points may be traded into an online marketplace for such rewards as free spins, bonus credits, merchandise and tournament entry.  

Terms For 500 Free Spins No Deposit Bonuses

Casinos want to protect their profits. Therefore, when they offer a free bonus, they implement a number of bonus rules to make sure they’re protected from significant short term losses. We will provide you with a straightforward overview of the most important rules. 

It is in your interest to read the following section. In 5 minutes, you can learn exactly how to win real money with free spins, how to discover the true value of a bonus, and how to avoid accidentally breaching the bonus rules. 

Here are the main terms you should be aware of:

Upon using your free spins, anything you win will be returned to you in the form of bonus credit. The amount you win using your free spins is usually referred to as your ‘free spins winnings’ or the ‘value of your bonus’. 

The sum-total of however much you win is subject to wagering requirements – which is signified by a multiplier, such as ‘30x’. Wagering requirements stipulate that you have to wager the ‘value of your bonus’ a number of times.

Let’s briefly go over what we mean by this: 

  1. Say you claim 500 free spins that has wagering requirements of 30x.
  2. You use your free spins and win $20. 
  3. This $20 is then subject to the wagering requirements. 
  4. Therefore, you have to stake at least ($20 x 30) $600 using your bonus credits before you can cash-out your winnings.

This is the case with no deposit free spins. With free spins that require a deposit, the wagering requirements may apply to both your ‘free spins winnings’ and the value of your deposit. We will provide in-depth examples below. 

Here is an example of how to work out the wagering requirements when using no deposit free spins:

Example

If a Casino gives all new players 20 Free Spins. These Free Spins have a 40x wagering requirement.

Let’s assume you claim these Free Spins and win $100. Now, you must wager $4000 to convert the Free Spins winnings to real money you can cash out.

See this calculation:

$100 winnings x a 40x wagering requirement = You have $4000 to wager.

When you’ve played $4000, any remaining funds in your bonus balance are converted to real money and moved to your cash balance. Now, you can withdraw your Free Spins winnings.

Bonuses that do not require a deposit tend to limit the amount you can withdraw as real money. While the amount you can withdraw differs greatly from bonus to bonus, the values rarely exceed the ranges of $10-$200. 

Casinos are happy to provide free bonuses so long as their long-term profits are protected. Imposing a win limit is a fairly common sense way to ensure short-term losses do not become excessive. 

If this is in any way off-putting, we would like to gesture you towards our match deposit bonuses with extra free spins. In return for a small deposit, casinos are willing to dispense with win limits entirely.

Once you have used your free spins, your winnings will be allocated to you in the form of bonus credits. 

These credits may give you a little bit more freedom. You may be able to play different games, and you may be able to change the bet size. 

However, before you change the bet size, please check the T&Cs for a bet size limit. Many free spins bonuses will limit you to making bets below the value of $5. Attempting to bet more may invalidate your bonus. 

Before you wager your free spins winnings, make sure you keep an eye out for differences in ‘game weighting percentages’. This is a rule that determines how much of your stake contributes to the wagering requirements, depending on which type of game you play. 

How it works can be illustrated using the following example: 

  • Video Slots (100%)
  • Megaways Slots (20%)
  • Table Games (5%)

According to our example, if you were to wager $100 of your free spins winnings on video slots, the entire $100 would contribute to the wagering requirements. This is because 100% of your stake contributes. 

Yet if you were to play a Megaways slot, only 20% of your stake would contribute. Therefore, if you were to wager $100 on a Megaways slot, only $20 would go towards the wagering requirements – making it 5x more difficult to cashout.

The difficulty of fulfilling the wagering requirements tends to be equal to the favorability of the odds. Thus with high odds table games as little as 5% might contribute to the wagering requirements. 

In most cases, you will be limited to using your 500 free spins on a single slot game, or a small handful of pre-selected slot games. You must comply with the eligible games list throughout the entirety of your bonus. 

If you try to play an ineligible game you will have your bonus confiscated. 

Free spins bonuses are only valid for a short time-period. Usually, they last for between 2-7 days. Within this time period you have to use your free spins and fulfill the wagering requirements if you are to cashout your winnings. 

Once your bonus expires your winnings will be confiscated and you will have to make a deposit to carry on playing. 

Win Real Money With 500 No Deposit Free Spins – 4 Top Tips

To be frank, there isn’t any in-game strategy you can employ to improve your chances of winning real money with a free spins bonus. Once you begin to wager your free spins, you are dependent on the beneficence of lady luck.

However, there are a few actions you can take in preparation that make a real difference to your chances. We’ll provide you with an overview of these actions below. 

Search For Bonuses With High Win Caps

If you’re going to claim a 500 free spins casino bonus, you may as well claim the bonus that lets you win the most. 

Keep an eye out for bonuses that let you cashout between $100-$200 – this is a generous sum, and enough to motivate you to keep wagering. 

Admittedly, claiming a bonus with high win caps does not improve your chances. Though it is important you find no deposit bonus free spins with a max bonus conversion equal to the time and effort it takes to fulfill the wagering requirements. 

Low Wagering Requirements Are The Key To Winning Real Money 

Of all the T&Cs, the wagering requirements prove the most difficult. In fact, the wagering requirements hold so much influence over whether or not you cashout, we believe they represent the true value of a no deposit bonus. 

It is therefore essential that you prioritise low wagering requirements over a bonus’ monetary value. While 500 free spins sounds like a lot of fun, a 20 no deposit free spins bonus may be preferable if the wagering requirements are significantly lower.

Carry Out Research To Discover The Ideal Slot

We are not talking about your personal preferences. The ‘ideal’ slot changes depending on the context in which you play. When using online casino free spins, the ideal slot has a high RTP and a low volatility.

Let’s get into why:

  • Return to Player (or, RTP) – RTP refers to how much the slot redistributes to all players of the slot game over an almost infinite number of spins. It is signified by a percentage – for instance, 96%. 

    If a slot has an RTP of 96%, it means that the slot is designed to redistribute 96% of all money wagered on the slot. Thus, for every $100 wagered on the slot across all networks where the slot is available, $96 should be returned to players. 

    Please beware however that you should not expect for your session on a slot to match its advertised RTP. RTP is a trend that appears over a quantity of spins that no single player can realistically wager. 

    RTP only offers a general overview of a slot’s odds. 

    If played on over the long-term, you might be able to see your return gradually start to align with your slot’s advertised RTP. Over the short-term, however, your actual return depends a lot on the slot’s volatility. 

  • Volatility – A slot’s volatility is an indication of how a slot behaves in the short term. It determines the risk of losing a bet.

    Therefore, a slot with a high volatility indicates there is a high risk you will lose the bet. A slot with a low volatility indicates that there is a low risk you will lose the bet. 

    The risk/reward element of online gambling also comes into play here. While you are more likely to lose a bet playing a high volatility game, the rewards for winning are greater.

    With low volatility games, while your wins are more consistent they are often small. 

So why does a high RTP and low volatility make for an ideal 500 free spins slot? The simple answer is because of the wagering requirements. It can take a long time, and many, many bets, to fulfill the wagering requirements. 

This strategy takes account of both the short term (volatility) and long term (RTP). In the short term you need frequent wins to keep your bonus balance positive. In the long term, you need the best chance of making a profit. 

Do Not Play On Table Games Or Live Dealer Games

You may realise that in some free spins T&Cs, you can wager your free spins winnings on table games and live casino games. We recommend you do not do this. 

While these games tend to have fantastic odds, the odds are nullified by low game weighting percentages. Most high odds games contribute a tiny fraction of your stake to the wagering requirements. 

FAQ

Yes, of course! Winning real money with a 500 free spins no deposit bonus is as straightforward as fulfilling the terms and conditions. 

Yes, there are many. The bonuses closest to 500 no deposit free spins are other free spins bonuses of different quantities. Generally, they will come with similar terms and conditions – they will just provide you with fewer free spins. 

Alternatively, you may consider claiming regular no deposit bonuses. Like free spins, this type of bonus is 100% free to claim and allows you to win real money. The only difference is that it allocates bonus credits. 

If free spins are what you want, making a small deposit is likely to provide you with more free spins and improved T&Cs.

Yes, absolutely – but only if there is a 500 no deposit free spins bonus currently available. As we emphasise in our article, 500 free spins with no deposit required is a rare and especially generous bonus. They aren’t always available. 

If there is a 500 free spins bonus currently available to Aussies, you’ll be able to find it in our list of the Top 500 Free Spins No Deposit Casinos

Our list is geo-targeted to provide you with safe bonuses available in your jurisdiction. No matter where you are in the world, FST has bonuses for you. 

There are many great slots you can play with 500 free spins. Many players love to use 500 free spins on Fluffy Favourites, Starburst, Book of Dead and other popular slot games. 

The 500 free spins mega wheel is a promotion offered by BGO Casino. However, similar promotions are not uncommon at many of the best online casinos. 

We highly recommend you check out our list of the Top 500 Free Spins No Deposit Casinos for exclusive 500 free spins deals. 

Yes, they are – but only if they are offered by a safe casino. Please do not agree to make a deposit or pass over financial information to a casino if you are uncertain of its legitimacy. 

Here at FreeSpinsTracker we guarantee player safety and security. A casino will only feature on our list of the Top 500 Free Spins No Deposit Casinos if they pass our extensive evaluation.