Can You Withdraw the Bonus Balance?

How to turn Casino Bonus Balance into Cash?You cannot withdraw your casino bonus balance straight away. You need to meet certain requirements before any winnings from the bonus can be cashed out.

For example, some bonuses may require a certain amount of wagering before any winnings can be withdrawn. This is known as a wagering requirement or playthrough requirement. The terms and conditions of the bonus should provide details on any such requirements.

Generally, the bigger the bonus, the higher the wagering requirement. So, it can be a good idea not to jump on the biggest online casino bonuses you find but rather choose those with the best conditions.

Additionally, some bonuses may have a maximum amount that can be withdrawn or only valid for a limited period. It’s important to carefully read and understand the terms and conditions of any bonus before accepting it and to contact the casino’s customer support if you have any questions or concerns.

However, it is possible to turn your casino bonus into real money, which you can withdraw freely.

Top Operators With Low Wagering Requirement

Choosing an operator with a low wagering casino bonus is the best way to ensure a rapid payout. Below, we have handpicked some of our favourites:

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How to Turn Bonus Balance Into Real Cash?

You’ll typically need to meet the bonus’s wagering requirements to turn a casino bonus balance into cash.

Here are the general steps you can follow to turn a casino bonus balance into real cash:

  1. Review the terms and Conditions

    Before accepting any bonus offer, make sure you understand the terms and conditions of the casino’s bonuses and promotions, especially the wagering requirements. Wagering requirements are the number of times you need to bet the bonus amount before you can withdraw any winnings.

    You also need to check the timeframe in which you need to wager the bonus before it gets lost. If you don’t have enough time to wager it, you might as well not claim it.

  2. Meet the Wagering Requirements

    To convert your bonus balance into cash, you’ll need to wager the bonus funds a certain number of times, according to the wagering requirements. For example, if you receive a £100 bonus with a 30x wagering requirement, you’ll need to wager £3,000 before withdrawing your winnings.

    Meeting the wagering requirements is the most important part of turning your bonus balance into cash. For more info, read our article on how to beat wagering requirements in our extensive guide.

  3. Play Eligible Games

    Some bonuses may be restricted to certain games or game types. Make sure you’re playing eligible games that count towards the wagering requirements. Not all games contribute equally to the wagering requirements, so check the terms and conditions for the specific contribution percentages.

    For example, slots usually have a higher contribution than table games. So, if you want to meet the requirements faster, choose games that contribute more towards meeting the requirements.

  4. Track your Progress

    Keep track of your progress towards meeting the wagering requirements. You can usually view your remaining wagering requirements in your account balance or bonus balance.

    It’s also important to remember to manage your bankroll when playing in online casinos, even when using a bonus. Set a budget and stick to it. Don’t try to chase your losses by placing larger bets or playing more games. Also, don’t risk more than you can afford to lose.

    It might take a while to turn your bonus into cash, but you can get as much profit from the bonus as possible by playing smart.

  5. Withdraw your Winnings

    Once you’ve met the wagering requirements, you can withdraw any remaining bonus balance as cash. Some casinos may require you to make a deposit before you can withdraw your winnings.

Tips on How to Improve Your Bonus Profits

Even though there aren’t any fault-proof solutions that will instantly turn your bonus balance into real cash, there are a few tips and strategies that can improve your chances for profit. The tips below have been handpicked by the experienced gambling team on CasinoTop3.

  • You may want to choose a bonus with lower wagering requirements or play games that contribute more towards meeting the requirements.
  • Try to start with small bets. Playing with smaller bets can help you prolong your gameplay and increase your chances of meeting the wagering requirements.
  • Don’t forget to take advantage of no-deposit free spins and bonus funds that can help you win more without risking your own money.
  • Take breaks: It’s easy to get caught up in the excitement of online gambling, but taking breaks can help you maintain a clear head and avoid making impulsive decisions. Take regular breaks, and don’t spend too much time playing in one session.

How Long Does it Take to Turn Bonus Balance Into Cash?

Frankly, this is a tricky question to answer as it depends on multiple factors, such as:

  • The size of the bonus
  • Wagering requirements
  • Maximum bet limit
  • Games you play
  • Your playstyle

The size of the bonus is perhaps the biggest factor. Naturally, the bigger the bonus, the more time you will need to turn your casino bonus balance into cash.

Equally important is the wagering requirement. This requirement can range from 10x to 50x or even higher. So, if you have a £100 bonus with a 30x wagering requirement, you’ll need to wager £3,000 before you can cash out. If the wagering requirement was 50x, you would need to wager £5,000, which will take quite a lot longer.

The maximum bet limit is another condition set by the casino that can impact the speed. Most commonly, the max bet limit is £3-5, and rarely higher. If it is lower, it will take substantially longer. For example, if you need to wager the £3,000 from our above example, and you bet the bet limit of £5, you need to place 600 bets minimum. However, if the limit is £3, you need to place at least 1000 bets.

If we jump back to the wagering requirement, another factor to keep in mind is the games you can play. Live games will often count 0-50% of the wagering requirement, while most slots count 100%. Again, using the example above and assuming live games count 50%, instead of placing 600 bets on slots, you would need to place 1,200 bets on live roulette to reach the same wagering requirement. This is quite a big difference!

Lastly, your own playing style will also make a big impact to how fast you can convert casino bonus to cash. Are you a cautious player who likes to make small bets and take your time? Or are you a high roller who likes to go all in? The more you play and the bigger bets you make, the faster you’ll be able to meet the wagering requirement and convert that bonus balance into cash.

How to Withdraw Bonus Balance

You cannot withdraw your bonus balance before you have turned it into real money and have completed the wagering requirement, as described above. Once this is done, you can indeed withdraw the profits.

However, before opting for the withdrawal, there are a few things you should keep in mind to ensure it all goes smoothly.

  • Request a Withdrawal:
    Navigate to the cashier or withdrawal section of the casino’s website, choose your preferred withdrawal method, and enter the amount you wish to withdraw. Keep in mind that some casinos have withdrawal limits, both minimum and maximum, so unless you play at an online casino with no limits, ensure you are within those limits.
  • Provide Verification Documents:
    In some cases, casinos may require you to provide verification documents before processing your withdrawal. This is a standard procedure to ensure the safety and security of your account. Commonly requested documents include a copy of your ID, proof of address, and proof of payment method. You can send in these documents straight after signing up so this does not take time away from your withdrawal.
  • Wait for Processing:
    After submitting your withdrawal request and verifying your account, you’ll need to wait for the casino to process the withdrawal. The time it takes for the withdrawal to be processed will vary depending on the casino and the withdrawal method chosen. If speedy payments are important to you, look for same day payout casinos UK as you don’t need to wait days for your money to arrive.
  • Receive Your Cash:
    Once the withdrawal has been processed and approved, you will receive your cash. The time it takes for the funds to reach your account will depend on the chosen withdrawal method, ranging from instant to a few business days. Bank transfers are always the slowest option, while e-wallets are processed as soon as the withdrawal is approved by the operator.

Keep in mind that you generally need to withdraw the funds the same way as you deposited, as long as that is possible.

Conclusion

It’s important to note that not all bonuses can be converted into cash, and some may have maximum cashout limits or other restrictions. Be sure to read the terms and conditions carefully, as these vary from one casino to another. You can always contact customer support if you have any questions regarding a casino bonus from a particular online casino.

FAQs

Can you withdraw winnings from a bonus bet?

Regardless of whether you pick a bonus for the casino or sportsbook, you cannot withdraw it straight away. When you play with a betting bonus like a free bet, you need to wager the winnings a few times before it becomes withdrawable money.

Can you turn bonus money into real cash?

It is absolutely possible to turn your bonus money into cash, but a set of conditions must be met before doing so. You normally need to wager the bonus a set number of times before it becomes real cash you can withdraw.

How long do I have to turn the bonus balance into real money?

It varies from casino to casino, but you generally have 14-28 days to wager your casino bonus. However, many casinos will have a shorter timeframe. We recommend you look closely at the bonus timeframe available to avoid forfeiting the bonus prematurely.

How long does it take to meet the wagering requirement?

The time it takes to meet the wagering requirement varies depending on factors such as the size of the bonus, the wagering requirement itself, the maximum bet limit, the games you play, and your own playstyle. It can range from a few days to several weeks.

How to move bonus balance to cash balance?

You first need to fulfil the wagering requirements of the bonus. Once this is done, the bonus balance will automatically transfer to cash balance.

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Kate WebbEditor in Chief

With over ten years of experience working with gambling and writing about casinos, Kate brings a lot of knowledge to CasinoTop3.com. Kate oversees all the content written on CasinoTop3.com to ensure it contains factual information with value to you as a player.

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