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The free spins may be valid on one particular game, a handful of casino games , or all of the slots which a bitcoin casino carries. A bitcoin casino player could play only 10% of his total winnings on this free spin, for example, but he would still win the full 100% reward since the free spins are not counted as part of his wagering profile after the first free spin.
Bitcoin Casino players may get a free bet, however, and this free bet may come in the form of a bitcoin bonus. A bonus is a one-time payment that is not subject to a wagering profile. The bonus may be paid in cash or in bitcoin. If the payment is in bitcoin, the player will receive just the base value of $1 in bitcoin, but the player will be credited the bonus in bitcoin, so there is still room for the player to win and keep the payment in cash.
For example, with a $100 bonus payment, a free player would receive $100 in BTC as well as a $50 cash bonus. This means that, even though a free player can only win $100 cash from the free spins, that player can also lose that $100, but this loss is not counted by the casino as part of his winnings. The player can bet the remainder of $90 on other games or simply deposit the rest of his winnings in cash. This process can be repeated for an infinite number of free spins.
Once a bitcoin bonus is credited to the player's bitcoin wallet, it is non-excludable for future use of the bitcoin casino. So a casino player can keep the bonus by investing the funds elsewhere.
How does bitcoin casino pay out winners?
Each bitcoin casino pays out winners in fiat currency, and also in bitcoin, according to the following formula:
winner payment = base value of the winner + bonus value of the free spin
whereas the bonus is calculated as above.
If a player wins a bonus of $100, he receives a $100 base payment and a $50 bonus payment.
However, it is possible to win multiple free spins. All a free player has to do is to play enough wagers to accumulate more than the maximum number of free spins, at which point a free player can receive a additional bonus in one of his next spins, in addition to the base payout. This bonus payment is capped, and if the player wins a free spin and loses a free spin, that bonus must be paid in cash. (This also works with multiple bonus payouts, though this is not possible and would result in
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