How Do I Convert My Casino Bonus to Cash? Don’t get this wrong!
| 🕒 4 minutes read Casino bonuses can be a fantastic way to kick-start your online casino journey! Most online casinos offer their players a wide range of bonuses, from welcome bonuses to ongoing promotions, and these can provide you with a great chance to win some extra cash.
However, converting these bonuses into real cash can sometimes be tricky, and many online casino users often get stuck. Not to mention some sites often make redeeming them harder than necessary.
In this blog post, we’ll discuss casino bonuses and some top tips on how to convert your casino bonus to cash and maximise your profits!
What are Casino Bonuses?
If you’re new to online casinos, online bonuses are rewards given to players for playing at the casino. These bonuses can come in many different forms, such as free spins, deposit match bonuses, cashback offers and more.
Free spins:
These are the most common type of bonus and give players a number of free spins on one or more online slots.
Deposit match bonuses:
With these offers, you simply make a deposit into your casino account and receive an amount equal to or greater than what you deposited. For example, if you deposit $100 and get a 100% matched bonus, then you will have an extra $100 in bonus money to play with.
Cashback offers:
These bonuses are designed to reward loyal players, by offering them back a percentage of their losses. This can help you recoup some of your losses and increase your chances of making a profit!
Each casino typically offers a bonus of some kind, varying from site to site. Although they all share one thing in common, redeeming your bonus often comes with multiple steps you must follow. Unfortunately, these bonuses are not something you can redeem by skipping through sites, there are often rules depicting how much you must spend, or how long you must play before the redeeming of rewards is possible.
Start simple and read the Terms Of Service
The first and most important tip when it comes to converting your casino bonus into cash is to read the terms and conditions of the offer. Ensure you fully understand the terms of the bonus before playing so that you know what you need to do to cash out your winnings.
Online Casinos will often make it hard to find measures they may have in place in regard to bonuses and redeeming rewards. This makes it a good idea to always read them before you play on the site. This way you can avoid potentially illegitimate sites that don’t offer a fair and fun environment to enjoy.
How To Redeem Rewards With Play through requirements:
Some Online Casinos have ‘Play Through Requirements’ in order to convert your casino bonus into cash. This means that you need to wager the bonus as many times as the site requires before you can withdraw any winnings.
For example, if you receive a $100 bonus with a 20x playthrough requirement, you need to wager $2,000 before you can withdraw any winnings.
The best way to navigate this situation to redeem your bonuses is to wager small amounts while keeping a close eye on how many times you have wagered. By keeping close attention to your number of wagers remaining you won’t mistakenly wager when you don’t need to and can redeem your bonus as quickly as possible.
How to Redeem Rewards With Game contribution percentage Requirements:
Firstly, A Game contribution percentage requirement is a percentage that you need to have wagered with certain games in order to convert your casino bonus into cash.
For example, some Online Casinos might require a 50% contribution from slots or table games before you can withdraw any winnings. This means that if you receive a $100 bonus you need to have wagered at least half of this within a certain game type.
The best way to navigate this situation is to choose the game types you understand the most, increasing your chances of winning and achieving the game contribution requirement. It’s also important to keep track of your progress to make sure you don’t wager any more than you have to.
Also, an important consideration is that not all casino games contribute the same towards meeting the wagering requirements. Certain games like slot machines often contribute 100% to the wagering requirement, whereas others like Blackjack may only contribute 10%. Be mindful of the game contribution percentage before playing, as it can help you to meet the playthrough requirement quicker.
How To Redeem Rewards With Time Limit Requirements:
Many casino bonuses come with an expiration date, and you need to complete the wagering requirement within the specified time period. Ensure you’re aware of the time limit before playing, as it’s essential so that you don’t lose your bonus and any associated winnings.
Withdrawal restrictions:
Lastly, most online casinos have withdrawal restrictions on their bonuses, limiting the total you are able to redeem from your bonuses. Make sure you understand these restrictions before cashing out any winnings, as failure to do so could result in forfeiting the bonus and associated winnings.
These restrictions are typically listed in the site’s Terms of Service.
Conclusion
Converting your casino bonus into cash is simple if you follow our tips and tricks. Always read the terms and conditions of the offer, meet the playthrough requirements, keep the game contribution percentage in mind, stay within the time limit, and be aware of withdrawal restrictions. These methods will allow you to spend less and win more – who wouldn’t want that?
