You've joined a casino and received some no deposit required Free Spins. Now let's assume that you've been successful playing a slot and have won yourself some cash. So now you want to withdraw it, but the casino won't let you. Why is that?
Of course, it can seem immensely unfair that a casino gives you a no deposit bonus and then when you win some cash with it, won't let you withdraw the cash to spend elsewhere. However, there is a good reason for this and this is easily explained by a simple theoretical example.
Let's say that Casino Bankrupt have a new introductory offer of a no deposit required 100 credits for new customers to the site and to be able to withdraw their money, new players need to have spent the full 100 credits before they can withdraw cash.
That sounds a much fairer offer doesn't it?
But here's what will happen. Astute gambler A recognizes that this offer is an absolute corker for players as there are so few regulations regarding it. He gets together a team of six friends including himself, all of whom join the site and receive their 100 free credits.
Each gambler then goes onto roulette and places the entire 100 bonus on red or black.
Odds state that this bet is as close to 50/50 as you can get in a casino, so let's assume that half the six players lose, but the remaining three win.
That means that three players have now got 200 credits in their accounts, which according to the terms of the offer, the casino must allow them to withdraw. That means each player receives 100 credits from the casino and the casino receives nothing back in stake money.
As you can see, such an offer like this is not just implausible, but it is impossible for a casino to operate profitably under such terms.
This is why all casino offers come with in-built protection of a withdrawal requirement (sometimes called a play-through requirement) and it is this which stops you withdrawing your cash the moment you win something with your bonus money.
What is a withdrawal/play through requirement?
This is simply a way that a casino can allow a new user to receive a bonus, but not put itself at risk of losing considerable amounts of money at the deal as the bonus comes with stipulations as to how many times the bonus has to be spent before the user can withdraw any profits generated by using it.
Most withdrawal requirements are stated in terms of how many times you have to play through the bonus before you can withdraw any cash accrued from it. So a 40x withdrawal requirement means that whatever your bonus was (let's say in this example 10) you need to make 40x worth of bets in order to release the funds generated from it (so this means 4000 worth of bets).
However, it pays to read the small print as to your withdrawal requirement as there are differences within the industry. Some casinos only consider the bonus money as your unit stake for the withdrawal requirement, however some consider your deposit PLUS the bonus and this can have a significant difference.
For example, if you deposit 50 and receive 50 free and your casino has a 40x play through requirement for your bonus alone, then that means you need to wager 2000 of bonus cash before you can withdraw any of your winnings accrued from bonus cash play.
However, if you casino states its withdrawal requirement is 40x the bonus plus your deposit, then that means for this casino, you need to wager 4000 worth of bonus cash in order to meet withdrawal requirements.
Another thing to check is how your casino allocates funds depending on where you spend them from. Does it pay winnings from your own cash balance into your cash account (thus allowing you to withdraw them) or does it go into bonus funds (which are not withdrawable).
The fact of the matter is that for a casino to continue to operate and offer players bigger and better bonus deals, then they need some insurance to ensure that they won't end up out of pocket. This is why when you receive bonus money, the chances of you winning enough from it to lift withdrawal requirements is only very slim indeed.
That doesn't mean however that these deals are not worth taking up. Remember, you are using credits the casino has provided you with so you can never lose out on the deal, your chances of winning enough to lift withdrawal requirements may be slim, but there is still a chance for the lucky.
So how can I withdraw my winnings?
If you want true flexibility to withdraw any winnings from a casino, regardless of how large or small it is then your best option is to decline the bonus offering from the casino. You can do this perfectly legally but it does mean that every time you play, you will be playing with your own cash.
The down side of this is that it is more expensive than playing with bonus cash, but the up side is that whenever you win, regardless of the amount, you can withdraw your money back to your credit or debit card.
Some gamblers will fund their account with a certain amount of money (say 50 or 100) and then try to achieve a win of that amount or larger. When they do, they'll withdraw the same amount back to their card, leaving what remains in their account. If they then don't add to this money with another deposit, they are effectively playing with their profits.
The other alternative is to lift the bonus requirements, but this, as we have noted, is not an easy thing to do and only a few lucky gamblers win enough with their bonus money to do this.
Remember though, most casinos do distinguish between bonus cash play and real cash play and will allow you to withdraw funds if you play using real cash, rather than bonus money.
Casinos don't like to make it easy for players to withdraw money that will leave the casino facing a debt from the player, hence the withdrawal requirements in place. However if you play smart and get lucky, you can withdraw your winnings and still profit from your casino play!
Where can I get Free Spins?
There used to be a lot of Free Spins offers no long ago. These are mostly all gone with a few exceptions. Most Free Spins offers now require a deposit and the Free Spins are given as an extra bonus, or thanks for your deposit. This is great if the player was going to deposit anyway. Everyone loves to get something for free!
Here are three very nice offers of 25 Free Spins (no deposit required) but if you want to deposit anyway you'll get an attractive 200% deposit bonus as well. Both casinos also offer bitcoin as an option for players.
Pick the casino you like! It's important you use these Sign-up offers and links so that you are eligible.
The 25 Free Spins on sign up plus double your First Deposit in the Welcome Package, which is split into five deposits:
General Terms
Free Spins Terms
Sign-up Free Spins
Good Luck and enjoy your no deposit required Free Spins! Don't forget to take advantage of the 200% First Deposit Bonus!
Next Post: Free spins and no deposit offers for UK residents
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