Playing at an online casino like Wizard Slots has many advantages. It offers convenience, saves time, cuts travel costs and gives you access to a large selection of casino games in one place. But did you know that online casinos also offer their customers promotional bonuses in the form of free spins or free bets?
Online casinos tend to have bonus offers as part of their Welcome Offer promotion deals, which could allow you to play some of their games without wagering your own money.
However, is there a catch? Can you cash out a free bet or free slot play at a casino? This blog post answers these questions and more, so continue reading to find the answers.
Can You Cash Out Free Bet Winnings?
Yes, you can cash out free bet winnings in online casinos. However, there are terms and conditions you may have to meet, depending on the casino. These terms and conditions often include wagering requirements.
Wagering requirements are rules set by a casino to state how often you need to wager the free bet amount before you can cash out winnings from it. That protects the casino from players cashing out the money without ever playing any games at the casino or playing too little.
Wagering requirements apply to the bonus money only, so if you do not claim the bonus offer, you do not have any to abide by.
For example, if you claim an offer that awards a free bet worth £10, and it is subject to 40x wagering requirements, you must place £400 in bets before you can withdraw any winnings.
Why Aren’t Free Bets Withdrawable?
As mentioned above, withdrawing free bets without first meeting the wagering requirements and whatever terms and conditions are in place would leave the casinos without any money.
Think about it this way: If you were given £30 for signing up at a casino and you were allowed to cash it out without playing, why would you wager it when you can just cash it out and receive free money? And if everyone did this, the casino would lose money faster than it can make it.
The wagering requirements ensure this does not happen and that casinos are not left short-handed. The wagering requirements are like a safety measure for casinos. You receive free bets to potentially prolong your gameplay without using your own money, and the casino gains a new player.
Can You Win Real Money From Free Bets?
Yes, you can win real money from free bets. The free bets allow you to play casino games with extra funds without dipping into yours. If you make wins from the game you are playing with free bets, they can be real money wins as long as you meet certain terms and conditions before you can withdraw the money you won - wagering requirements.
So, before claiming free bets from a casino as part of a promotion, make sure that you have read the terms and conditions thoroughly to know what you’re signing up for.
Can You Cash Out Slot Play at a Casino?
Yes. You can cash out slot play at a casino. However, it is also likely to be subject to wagering requirements. If the promotional bonus offers free spins rather than bonus funds, then the wagering requirements work a little differently.
Say you receive 10 free spins, and it is subject to 30x wagering requirements. You would play through the 10 free spins on the designated slot game, and if you finish with any winnings, the total amount of winnings would be subject to the wagering requirements.
So, in this example, if you won £5 in the free spins, you would have to bet £150 before you could make a withdrawal on the winnings (£5 x 30 = £150).
Conclusion
In conclusion, yes, you can cash out a free bet and free slot play at a casino. However, you can only withdraw winnings if you meet any wagering requirements in place. Always read the terms and conditions or any promotional offers before claiming them.
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