FREE MONEY · NO DEPOSIT
Money on the table before your card is anywhere near it. 3 of the 39 offers on the board qualify.
WinSpirit Casino
20 free spins for installing the mobile app
Priced on its own, the no-deposit side is C$4 of spin value at 40x. That is C$160 of staking, costing about C$3 on the way past, so C$1 is what the sum leaves. Whatever those spins produce, the withdrawal cap on this one is C$100, and the cap is the term to price it on.
Claim in the app → The full arithmetic on this one →
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15 of the 39 offers on this board need a browser somewhere in the claim, because the bonus field is not exposed in the app cashier. 24 complete start to finish on a handset. That is a market-wide pattern rather than a complaint about anybody, and it is why the phone column exists at all.
No deposit offers are a small group on any honest board, and this one is no exception. Most of what gets marketed as free money is a deposit match with a floor attached.
The operator is buying a verified account and a first session. That is a fair trade as long as you know that is the trade, and it means identity verification before anything moves.
Nearly every no deposit offer carries a maximum withdrawal, commonly C$50 to C$100, regardless of what the spins produce. Hit something large and the cap is what you are getting.
So price these on the cap rather than on the headline. Fifty spins with a C$50 ceiling is a fifty dollar product no matter what the reel does.
Cash side at the top of the advertised band, plus spins at C$0.20 each. Multiply by the playthrough for turnover, take four percent of that as the cost of pushing it through, subtract. Median playthrough across the board is 35x.
On this cut the sum runs over the no-deposit terms alone rather than over the operator's whole welcome package, because the no-deposit line is what the card above names. The package figure for the same room is on the full board.
Full working, with a worked example, is in the bonus arithmetic.