How to Successfully Withdraw Winnings from Online Casino Bonuses
There are many reasons why players love casino bonuses, but the most obvious one has to be the possibility of cashing in on the offers. Whether it's a free spins or free chip no-deposit promotion, you can win real money from your bonus, and a majority of gambling sites will allow you to withdraw and keep your profits.
Read this page to learn how to get the most out of online casino promos. We will also share with you some valuable tips on how to withdraw your bonus winnings.
Withdrawable Casino Bonuses
Online gambling sites run a whole lot of different promotions for their players. Popular offers range from no-deposit promos, to match bonuses, free spins, and cashback.
For players, these incentives are a real treasure because they provide the opportunity to try out new casinos or games at no cost. You can also use a bonus to play more games at a gambling site without stretching your budget. The best thing about online promotions, however, is that you can win real cash by playing with the casino's money.
In a majority of casinos, you can request to cash out whatever amount you win from wagering your bonus money. These types of incentives are known as withdrawable or non-sticky bonuses. However, you have to fulfil some conditions like the wagering requirement before requesting to withdraw.
Turning Your Bonus Money into Real Cash
As opposed to what many people think, it is possible to withdraw bonus winnings when playing at casinos online. All you have to do is meet the wagering requirements attached to the free money before heading to the cashier to submit a withdrawal request.
For those who are still new to the world of online casinos, the wagering requirement is the number of times you must play through the bonus money to turn it into real cash for withdrawal. In most cases, the value is prominently displayed on the promotion banner for all players to see. However, it is best if you read the promotion terms and conditions to learn all the rules attached to the wagering requirement.
For example, a casino may offer to match your first deposit up to £200 in the welcome promotion. This means that if you deposit £200, the house will give you an extra £200 in bonus money and your total balance will be £400. Assuming that the free money has a 30X wagering requirement, you must play through the amount 30 times if you wish to withdraw your bonus winnings. This means that the total amount that you must wager before requesting to cash out is £6000 ($200 * 30).
Usually, the different genres of games do not have the same weight in terms of contributing to the wagering requirement. In a majority of casinos, for example, slots contribute 100% while table games and video poker contribute 10% to 30%. This means that you have to place lots of bets to rollover your bonus funds successfully.
You also need to be aware of other rules regarding the wagering bonus money such as:
- Time limits: Most operators will give you 7, 14, or 30 days to reach the playthrough requirement.
- Maximum bet: Check if the house has rules regarding the maximum amount you can bet using the free funds. For example, some casinos will allow you to bet up to $5 per round, whether you're playing low-edge table games or slots.
- Maximum withdrawable bonus: Some casinos will not allow you to cash out more than a specified amount even if you beat the rollover requirement.
When to Withdraw Bonus Winnings
You can request to cash out winnings from your bonus at any time as long as you have reached the wagering requirement attached to the promotion. Requesting to cash out too soon may lead to the cancellation of your bonus.
In case you are wondering how you will know if you have made the playthrough, don't worry since the casino will take care of this. Usually, the house will have a progress meter that shows all the steps you take towards meeting the requirement in the cashier. You can use it to keep tabs of your bets and request to withdraw as soon as you free your bonus money.
How to Withdraw Bonus Winnings
The process of withdrawing winnings from your bonus money is pretty easy and standard across all online casinos.
Once you have completed the rollover requirement, you can check your withdrawable balance in the account section then proceed to the cashier to cash out. At the cashier, select the withdrawal option and choose a payment method. Usually, this has to be the same method that you use for deposits.
The next step is to fill out all the required information then enter the amount you wish to withdraw. You can then submit your withdrawal request and wait for the house to review it and disburse the funds to your e-wallet or bank account.