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onlinecasinoselite.org  › Blog  › What to Know Before Withdrawing at Online Casinos

Time to withdraw? It would be better to read the casino TOS

Published on October 15, 2020, 10:44 pm

by Jeff Grant Twitter account Jeff Grant LinkedIn account



What to know before to withdrawing at online casinos

Are you new to online sports betting? Naturally, you would be excited to make your first deposit and wager your first bet. Once you make enough wins, the next thing you would be excited about is withdrawal, but if you are not careful enough, you might be in for some surprises.

For a newbie, a lot of things that you need to do first involve reading; after all, you have a lot to learn on the mechanisms that affect online gaming. From the list of top bookies to betting tips to free live match predictions, there is a lot for you to absorb and learn. That includes knowing how withdrawals from your bookie works and the things that you need to do to avoid unwanted surprises and shocking “revelations” when the time for cashing outcomes. In this article, you will learn that this fundamental phase that you are likely to face if you play at online casinos is not as obvious as it is believed.

About the processing period for your withdrawals

There are various means on which you can get your money out from your online sportsbook or casino account. However, you should understand that none of them work the same. Some methods can process payments faster than others, while some are prone to more delays than others.

The common misconception about cryptocurrency

One of the most common misconceptions about sportsbooks that accept cryptocurrency is that you can get your payment instantly to your wallet. While that can be true sometimes, that is not always the case.

Normally, a crypto transfer can take from a few seconds to up to 15 minutes for a fast one and can even take to a few days at the most. This depends on a lot of factors, and most of them are things beyond your control nor the bookies. The only thing you can do, then, is to keep the patient and simply wait for your money to arrive in your wallet.

Withdrawal terms and conditions
Terms and conditions - withdrawal clauses (from NetBet casino)

Some bookies only allow withdrawals on a specific day

If you are someone who used to think that you can make a withdrawal from your online account anytime you wish to, then you are not alone. A lot of bettors once thought the same, and most of the time, it was because they did not read through the complete terms and conditions that they “agreed” to when they signed up for an account on the site.

Bonuses you use can delay your withdrawal

Did you take advantage of that bonus you just received? That could be the culprit in the delay of your withdrawal. Most of the time, bonuses and free plays come with wagering requirements.

This means that you have to play with the bonus given plus any winnings you have accrued with it on a specific number of times. Your winnings would be locked until you meet that requirement. Sometimes, the requirements would be the times you wagered, and sometimes it can be the time passed since the bonus is given.

Final thoughts

There are several things, and sometimes it can be a lot, that can surprise you especially when the time for getting your money from the bookies comes, However, all of these shocks and seemingly unnecessary hassle can be avoided if you would take the time (which is only ten to fifteen minutes at the most) to read through all the tiniest and finest details of the terms and conditions when you sign up for an account.

After all, your online bookie is not trying to make your life harder for you. Just that, as a consumer, you also need to know your part when it comes to the technical bits and the fine print of the things you are getting yourself into.




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