Online casinos offer enticing bonuses and promotions to reel in more players to their platform. A few of the welcome bonuses are so attractive that exponentially increase the players’ potential to win enormous payouts without making huge bets. Similarly, there is a wide range of promotions offered to the existing players of the platform to retain them. Most players have a heap of doubts regarding the withdrawal of the bonus money and many don’t know how to do it. This article tries to solve this issue.
There are certain rules and terms attached to the casino bonuses that need to be fulfilled to withdraw the money. Only a few online casinos provide no-limit bonuses with which no requirements are attached. However, no online casino metes out cash bonuses with no requirements. So, if you have won a bonus in an online casino and don’t know or are confused about how to withdraw it, let us help you. Read along to get the full picture.
What Are Casino Bonuses
Casino bonuses are rewards meted out by the online casino to retain the players. These bonuses are in various forms and add more value to the money that you spend in an online casino. All bonuses carry certain requirements that need to be met to cash out the bonus amount. Additionally, every casino bonus has an expiry date and can only be redeemed in certain casino games. Apart from the bonuses awarded by the casino, game providers and payment providers also give out certain bonuses to the players that can be redeemed in the online casino.
Types Of Casino Bonuses
- Deposit Bonuses: Deposit bonuses are the most common type of casino bonuses meted out to the players. It is provided in the form of welcome bonuses, match bonuses, free spins, free chips, free bets, and cash bonuses. To get a deposit bonus, the casino requires the player to make a specific deposit. A certain percentage of the deposit is automatically credited to the player after making the deposit.
- No-Deposit Bonuses: Unlike deposit bonuses, no-deposit bonuses carry no deposit requirement. The no-deposit bonuses are rewarded mostly in the form of free spins or bonus money that carries a specific requirement to cash out. No-deposit bonuses are not available in online casinos as frequently as deposit bonuses.
- Free Spins: Slots are regarded as the bread and butter of online casinos. Free spins meted out by the casino allow gamblers to prolong their slots gameplay and spin the reels multiple times without investing anything. Free spins are only redeemable in slots and are the most lucrative reward for slots enthusiasts.
- Cashback: Cashback is a means of online casinos giving back to the players who contributed to the casino’s income. Therefore, new players are not generally given any cashback for their losses. The most consistent and loyal players of the platform who bet huge amounts are given cashback. Like all other promotions, cashback also carries certain requirements.
How To Withdraw The Bonus Money
If a bonus is rewarded by the online casino, the player cannot directly redeem it and encash the money associated with it. Remember, the bonuses are provided to retain the players and have them gamble more on the platform. Therefore, each offer carries certain terms and conditions that need to be fulfilled for the bonus to be encashed.
Here are a few ways you can redeem the casino bonuses awarded to you:
- Rollover Requirements: Each casino bonus carries a specific rollover requirement. Be it a welcome bonus, deposit bonus, no-deposit bonus, free spins, free chips, free bets, or a cash bonus. If you have won a 100% welcome bonus of up to $100, that carries 20 times the rollover requirements, you have to gamble the whole sum 20 times before you can withdraw the money. Rollover requirements are also mentioned as “wagering requirements” by several casinos. However, both are the same thing.
- Expiry Dates: Each bonus and promotion carries an expiry date. Deposit bonuses, no-deposit bonuses, free spins, and cashbacks have a preset expiry date. The expiry date of the bonus will be mentioned in the terms and conditions of the bonus or while redeeming it. You need to redeem the bonus and meet its rollover requirement before the stipulated date to make withdrawals.
- Selected Games: All bonuses cannot be redeemed on all casino games. Free spins can only be redeemed in slots. Certain bonuses are provided by game providers and can only be redeemed in the games provided by them. Roulette, baccarat, blackjack, and poker-specific bonuses can only be redeemed in those games. Similarly, live dealer bonuses can only be redeemed by playing in those games.
- Cashout Limit: The maximum cashout limit will be mentioned in each promotion and the player can only withdraw the amount mentioned in it. This capping is done to prevent the casinos from having to pay huge payouts as players might wager very high bets. Therefore, look for the maximum cashout limit before redeeming the bonus.
Conclusion
Online casinos provide lucrative bonuses to players to retain them in their platforms. Players can take advantage of these bonuses and use them effectively to increase their chances of a huge payout. However, before claiming the bonus players need to check the rules and terms attached to the bonuses before redeeming and encashing the bonus money.
Unlicensed and unregulated online casinos might be scams and will have unrealistic wagering requirements that can never be met by the players, ultimately, making them unable to withdraw the bonus money and the gambling funds. Therefore, players need to take extra precautions to meet the rollover requirements to cash out the bonus money.
Read More: Best Online Casinos Bonus With No Limits: How To Get It?
