For each bonus, the online casino sets its own wager, which indicates the multiplier for wagering. The reward amount is multiplied by the current coefficient. For example, the wagering multiplier is x10, the player received a $50 bonus on the deposit. For wagering, you need to place bets totaling at least $ 500 ($ 50 x 10). After that, you can request a cashout. If you create an application earlier, the bonus is canceled along with the winnings from it. Less often, the wagering conditions apply to both the bonus and the deposit. In this case, in order to wager, the player needs to scroll through the total amount of the promotion and the payment made.
The process of withdrawing is what players are looking forward to. Sometimes the online casinos are so fast that you can’t even say a word, the money is already in your bank account. But, unfortunately, there are casinos with a slower procedure. It takes them three, five or even ten days to process your request. In fact, it’s not all the fault of the online casino. To tell the truth, a money transaction is such a scrupulous thing that has to pass through several steps.
First of all, the speed of withdrawal depends on the banking option you choose for payout. If you choose a bank card or transfer, prepare for a long waiting. Usually it takes about 3-5 banking days. Sometimes 1-2 days, but it’s rare due to the fact that the bank security department must check and confirm all the data. The fastest option is an e-wallet, of course. It processes money transactions within minutes. Instantly in some cases. Generally, it doesn’t even require any docs for verification. I’d say an e-wallet is the fastest and easiest method to take winnings from online casinos.
There is a constituent of online casinos too. It’s the request processing. The department responsible for the withdrawal requests also affects the total waiting period. Of course, every online casino swears they do it momentarily and later it all depends on the banks. However, the casinos check the data and documents too before they send the request further. It’s an obligatory security measure. So, it may take some time. In case they lack some info about you, they might ask you to provide it. Be prepared. As soon as the security verifies everything, they will send the request to your bank or other payment system.
Mind that your first withdrawal process will be the longest ever. This is because your online casino must confirm every single piece of information that it’s you and not a fraud or bot, whatever. That is the reason why they might want you to provide unnecessary docs from banks. So, don’t be rude with them, they actually help you to take your winnings. Afterwards, when the first verification procedure is done, all the next payouts will be fast.
All in all, no one likes to wait for a long time. Especially, players for their winnings to pay. So, make a combo using the fastest option – e-wallet and the fastest online casino to pay winnings. The latter you can find on our site. We have articles dedicated to the rated casinos with top fast payouts.
Experienced gamblers like bonuses, but they hate wagering requirements. The players know what they mean, that is why gamblers use them quite rarely. So, let me clarify what exactly the wagering requirement is, what reference it has to the bonuses, and why players recommend avoiding them.
Wagering requirements & bonuses
When you launch a gambling site for the first time, you can see the striking images offering you cash prizes and free spins. This is definitely attractive but remember that it’s not all gold that glitters.
The welcome offers have requirements. The wagering requirements are the number of spins a player makes with the given ‘welcome reward’ before he actually requests for payout. In other words, these wagering terms imply that you have to deposit, make several spins (x30, for example) and only then you can withdraw the money. If you won some, of course.
The number of spinning times (or hands) varies from casino to casino. It depends on their own requirements. So, remember to read the bonus T&Cs before claiming for the offer.
Why do experienced players recommend avoiding bonuses?
As you can understand now, the terms require you to deposit, get the extra money and play these rewarded money through. The last process goes on very slowly especially when the money sum is big. So, you have to make a lot of unnecessary spins. You don’t need them just because you’ll have little profit from the free prize in the end.
Let’s suppose you deposited $50, your offer claims you get 100% deposit and have to wager 30 times. Totally you have $100 to play. But you can’t make ten spins of $0.25 bet and make a withdrawal. You have to meet the requirements, so you spin 30 times. During these rounds you can go low beyond the rewarded $50 and touch already your own budget. As a result, you spend your money and don’t actually win.
It is really important for players to know the owner, licences and regulations of an online casino. In fact, these are the main points a person must learn about before registering at some casino. In the casino’s turn, they’d better show this info to the public. If the public sees the company data, and that everything is transparent, they trust the casino.
In case with Tangiers Casino it is a bit different. The online casino does not openly show its owner information. Neither does it have the licences attached. Hence the players might be confused whether to trust Tangiers or not. The fact is that Tangiers is officially licensed and regulated in Curacao. Besides, its owner company is called Celicorp Ltd. This company has already launched several alike casinos since 1999, and they all are successfully running. If you need more proof, pay attention to the seals of approval by OnlineCasinoReports and VegasSlotsOnline. They are issued to the trustworthy and high qualitative online casinos only.
Although Tangiers Casino does not reveal its head company info, it does not mean it is not safe. All in all, look at the bottom of the casino page and see what security systems it applies. Anyway, it is up to you whether you sign up at Tangiers or not. If you feel that everything is alright, go ahead. Otherwise, step away and search for another casino online. There are plenty.