Online Casino. Trying to Cash Out Online Casino Bonuses
Casino bonuses are often referred to as nearly the most significant advantage of playing online. Land based casinos are not used to giving bonuses with the exception made for VIP players. In contrast, online casinos offer gifts to all new gamers.
But generous online casino bonus offers have some rules not everyone would be happy with. The thing is, withdrawing bonuses won't be as easy as receiving them.
Casino Bonus Wagering Requirements
Casinos stopped giving free gifts long ago. If they promise and give you a good bonus, that doesn't mean you can use it right away. Casino bonus rules are referred to as wagering requirements. Usually wagering requirement is presented in the form of a multiplier, for example, 40x.
See also: Online Gambling Fraud
Online casinos use wagering requirements to explain how much players need to bet before they can cash out their bonuses. If wagering requirement equals 40x with $100 bonus amount, then to withdraw their bonus funds players will need to make bets totaling $4,000.
Sometimes this multiplier is applied to the sum of bonus and deposit. This means that wagering requirement is calculated by first adding deposit and bonus amounts and then multiplying the result to the coefficient. Knowing a playthrough coefficient, you can evaluate your chances of withdrawing bonus money. The higher the coefficient the less possible cashout becomes.
Characteristics of Casino Bonus Cashout
It's obvious that having unlimited time to satisfy wagering requirements, any player even the most conservative one would sooner or later withdraw bonus money. But online casinos are not going to cash out bonus money that easily. That's why they limit available time usually to 30-90 days.
How many players are ready to bet $4,000 during one or even three months? Of course, some amount of money will return to player in the form of winnings, but it's impossible to say in advance how much exactly would be won and lost. Moreover, despite bonuses appearing immediately at your account, they won't be used for placing bets. Your deposit is spent first, and only after it's gone you'll wager bonus money. This rule is quire unfavorable but is a common practice.
Many online casinos for real money do not allow for partial bonus cashout. Players whether fully satisfy wagering requirements and get the remaining bonus money, or receive nothing even if 90% of the required amount is wagered. In addition, almost every casino online excludes some games from contributing to wagering requirements.
As you can see, cashing out casino bonus isn't an easy task. Perhaps it's better not to count on bonus withdrawal. This way you will at least save your deposit.
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