How To Withdraw Bonus Bet Winnings
Can you withdraw bonus money? There’s no straight Yes or No answer here. These bonus offers come with general terms and conditions that you need to follow.
So technically, you can withdraw your bonus money but it all depends on what you do after you get the bonus amount. Whether that’s from a welcome bonus or first deposit or a reload deposit bonus – you can’t withdraw that money immediately. There are things that you need to do first before you can do that.
Here’s the truth about the bonus money that you get from online casinos – there’s always a catch. All online casinos are very generous when it comes to their bonus offers. But they won’t just give out freebies without expecting anything in return.
Don’t worry, they won’t ask you to give up anything that you can’t afford. But it’s important for you to understand what is expected of you. Because if not, you won’t be able to enjoy the bonus winnings that you’ll get.
The truth is, the process to withdraw bonus associated winnings is not hard. However, qualifying to make that withdrawal is a different challenge.
Steps to withdraw bonus winnings
Without a doubt, it’s really entertaining to play online casino games. But what makes it even more exciting is seeing your winning pile up. Especially if you won all of that using the bonus money and free spins that online casinos give new players. On top of that is the fact that you can withdraw your winnings and use them as real money.
After you opt-in on the welcome bonus package offered to new customers, you start playing and making bets. Any winnings that you have, it’s yours. Once you’ve met all the requirements and bonus terms and conditions, you can go ahead and make a withdrawal. Those requirements and terms and conditions will be discussed later on this page.
The steps to make a withdrawal varies from one online casino to another. But the process should generally be the same.
- Double-check that you’ve met all the requirements and the bonus terms.
- Go to your account and choose to withdraw money.
- Choose a payment method to use to withdraw your money. It’s usually best to use the same one you used to make the qualifying deposit.
- Input the amount that you want to withdraw. It should be an amount that is lower than the balance reflected in your account or online casino wallet.
- Follow the instructions to withdraw the money.
- Choose to submit the withdrawal request then wait until it’s approved.
Monitor if the money is withdrawn and reflected in your account. If not, get in touch with the online casino’s customer support. If you are withdrawing a huge amount, you might have to verify your identity or it could be given to you in installment.
If you do get your money – you can go ahead and enjoy it!
Before you withdraw bonus bet winnings
Before you can apply to withdraw bonus bet winnings, there are a couple of things that you need to meet first. You may be thinking, “this is my bonus so I can do what I want with it.”
Well, yes, it’s true that the bonus money is given to you. But you can only enjoy it while you’re playing casino games on the site of the online casino that gave it to you.
If you want to enjoy the real money that comes from your casino bonus, make sure you don’t compromise your eligibility. Otherwise, you won’t be able to cash out your winnings – no matter how much you’ve won or the bonus balance that you have left.
As long as you follow the bonus terms, you can confidently place one free bet after another without risking your ability to withdraw your cash balance.
But what exactly should you be doing to ensure you can withdraw bonus bet winnings?
The bonus wagering requirements are probably the most important thing that you have to meet. Make sure you meet the playthrough. This is the term used for the number of times that you have to bet the bonus money to qualify to withdraw your winnings.
How does it work?
Once you’re done depositing the minimum requirement, you’ll get the bonus money. If you get a 100% match-up bonus, your deposit of £100 will have an additional £100 as well. That gives you £200 with of bonus funds.
Now the wager requirements vary from one online casino to another. But usually, it involves the number of times that you have to wager the money that you got. Like if the wagering requirement is x35, you need to wager your money 35x before you qualify to withdraw bonus bet winnings.
There are also cases wherein the wagering requirement applies to both qualifying deposit and bonus money. So in the example given, you have to wager an amount of £7,000 (£200×35) to qualify to withdraw your bonus bet winnings. But if the online casino only requires you to wager the bonus amount, then you only have to bet £100 35 times.
Make sure you understand the specific terms of the wagering requirement. Any mistake might forfeit your winnings.
Apart from the wagering requirement, you should also pay attention to the wagering contribution. This refers to the list of casino games and the respective contribution that each will bring to the wagering requirement.
So if a game has a 100% contribution, any amount that you win on that game will completely qualify for the wagering requirement. So if you won £500 on a game of Starburst, it’ll all be deducted from your total wager requirement. If it’s £7,000, you only need £6,500 more.
For table games, the contribution varies as well – but it’s usually not 100%. If a roulette or blackjack game has a 50% contribution, winning £400 would mean only 200 will qualify as part of the wagering requirement. This means you only need £6,300 to complete the wagering requirement and withdraw your bonus winnings.
Terms and conditions
If you really want to ensure that you won’t compromise your ability to withdraw bonus bet winning, take the time to read through the bonus terms and conditions. Read through the whole thing and understand what you should or shouldn’t do.
Here are a couple of reminders you may want to look into.
- Make sure you identify the active bonus from the not. Some online casinos may forget to remove expired bonus offers.
- Check if the payment method you used to make a deposit qualifies for the bonus offer.
- Know the withdrawal limit. Online casinos usually allow you to withdraw a certain amount each week or month. If you want to withdraw a huge amount, don’t be surprised if they ask you to withdraw it in installments.
- Keep the validity period in mind. Bonus offers, especially free spins, have validity. You need to use it before it expires. There’s also a deadline for you to meet the wagering requirements.
Always remember that the bonus terms and conditions will vary from one online casino to another. Not only that, but these bonus packages change over time. So don’t be too quick to opt-in for the bonus package. Make sure you can meet the wagering requirements and all the other conditions.
That’s how you eliminate any issues that’ll compromise your ability to withdraw bonus bet winnings.
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