Many casinos have stopped paying out winnings over the last few months, citing legal restrictions that make it impossible to pay.
Online Casinos are more likely to pay players out without legal or other reasons.
The mind-game
Casinos won’t pay out winnings because they hope players will use the funds (which they always have available) to play another time. They hope you’ll want to gamble again between when you request a payout and when you get paid.
Am I owed money?
Some casinos offer bonus money but must clearly state that you must ‘play’ the money before you can cash out.
This is a good idea, as it stops players from signing up and cashing out their bonus cash. Unfortunately, some casinos go one step further and prevent users from cashing out any winnings from their bonus money.
This means you can only cash out if you win money. You would also have to continue playing your winnings.
Another common practice is to ask players to play at least 10x of the bonus amount. If you get $100.00, you would need to wager $1000.00.
Reliable casinos will tell you how much cash you can withdraw and how many games you need before you can cash it out.
What can you do if Casino doesn’t pay?
Remember that online casinos can take up to 12 weeks to pay out. You should expect payment within a week, more often than not.
Some casinos will respond to your complaints by sending you an email, a letter, or a fax.
Ask the Casino for legal reasons. They cannot process your payment.
Although they may not have the power to force casinos to make payments, contact sites such as eCOGRA.
Report the slow-paying casinos; there are a lot of forums and websites that have newsletters to keep you up to date when it comes to online casinos that are either having problems or are not paying out players.
Prevention is always the best treatment.
Keep yourself informed about casinos with a bad reputation.
Online casinos offer a variety of games without the risk of losing your winnings.
Simon Goodman has been a software developer in the Online Gambling industry for many years and the author of “Online Gambling Secrets.”
He has the inside scoop that is invaluable to online players. Subscribe to our monthly newsletter to stay informed about the online industry.
Online Casino Bonuses: A Quick Guide
Online casinos were a new phenomenon, and they needed to find a way to attract more players. When online gambling was first introduced, many players were uncertain about investing funds in an unfamiliar entity. Cash bonuses are a marketing tactic many online casinos use and continue to use aggressively today.
Online casino bonuses are a great way to attract future clients. Sign-up bonuses, also known as welcome bonuses, are the most popular. Although the bonus amount varies from Casino to Casino, it is usually between 100%-400% of the initial deposit. The bonus is typically limited, so you cannot deposit 100,000$ and expect to triple it.
As more casinos began to offer cash bonuses, a new type of client was born. The client was only interested in the premium and wanted to withdraw the reward quickly. The online casinos had to increase their wagering requirements before they allowed withdrawals of the prize.
To withdraw the bonus, you must wager at least 10x the amount of the prize. Although the exact number will vary from one Casino to the next, it is usually between 10-20x the bonus amount. For example, if you deposit 500$ but receive 500$ cash bonus, your total bet must exceed 5000$ to cash out the bonus. Although this may seem large, remember that you can often clear the requirements in hours if you play blackjack with 5$ bets. You will win many hands as well as lose.
To clear bonus points, some casinos have stopped several games from qualifying. This includes bets games, such as a very liberal blackjack version (a very small house edge single-deck game) or certain forms of video poker.
Sign-up bonuses are also available at online poker sites. Clearing these bonuses is easier because you must play a certain amount of hands. Online poker bonuses can be removed quickly, even if you’re a novice player. Most poker sites offer periodic reload bonuses that allow players to receive additional bonuses beyond the welcome bonus.
If you’re starting online gambling, bonuses can be a great way to increase your bankroll. Make sure to review the terms of the Casino or check out your favorite online casino siteleri portal to get a better understanding of what you are getting into.
