Online Casinos: How Do You Navigate the Mine-Field That Is Cash-Withrawals?

If, like many online gamblers, you find the methods available for withdrawing money from your online gambling accounts a mine-field of confusion, then this article should help you to make better informed decisions to get your hands on the money that should rightfully be yours.

Today, all online casinos cap the amount of money that punters are able to withdraw at any given moment; this seems unfair considering that the money is rightfully theirs. Different casinos choose different methods regarding the withdrawal of their customers’ funds. For example, some casinos will place a limit on individual withdrawal transactions, whereas others will place limits on the amount available for withdrawal for a particular period of time, a weekly or monthly limit say. Other casinos operate using a combination of these two approaches.

Many players, particularly new players, will search around the internet, looking for different casinos at which to play, but a key criteria is often overlooked, players look for the type of games played, or the redistribution rates, but rarely will they consider the terms and conditions of withdrawal of funds- an imperative that should be considered as key when deciding which casinos to play at. Many players overlook this aspect of the online casino because it is far from their minds, after all, they have yet to deposit any money, let alone win, or moreover, withdraw it. But, this should be a prime consideration when selecting a casino, because once money has been deposited, there is little an individual can do about the methods of cash withdrawal that they have inadvertently accepted by accepting membership at their chosen casino- the terms and conditions will be written in small-print, and through the conduct of joining, players enter into a financial contract, the details of which are pre-defined by their chosen casino.

Players run into problems, or at least frustrations, with withdrawal limits when, for example, they win $200,000 but the casino at which they are playing only allows a maximum cash withdrawal of $2,000 a week, it will take the player 100 weeks (that’s nearly 3 years!!!!) to withdraw their winnings- for most people $200,000 is not a source of income, but a bonus, however, it will still be annoying to see your money sat there without being able to touch it. Not to mention the infuriation that comes once players realise that their hard (or not so) earned cash is making interest for the gambling company, a company that is already making shed-loads of money from their wagers already! It is annoying just writing about it!! Let alone experiencing it!!

However, the issue of cash withdrawal is complex and convoluted. Players have no way of knowing, in advance, how much money they are going to make from their chosen casino, so they do not know which type of cash withdrawal method will suit them best. In addition, the possibility exists that online casinos offering higher cash withdrawal limits are mitigating other of their benefits, such as loyalty schemes or cash bonuses- are players losing out in other areas because they are opting to play at casinos with good cash withdrawal limits. So, the next dilemma that faces the punter when choosing an online casino is where to draw the balance between benefit/bonuses and cash withdrawal limits? How much weight should be assigned to cash withdrawal facets in relation to other factors, such as loyalty schemes, gaming technologies, site popularity…

Primarily, gamblers must be clear about the amount of money they wish to deposit during a specific period, be that a day, week or month. Without an absolute figure, the player should not even consider embarking on the world of internet gambling; know your limits in all areas and act accordingly!! A common rule, that many players act by, is to ensure that the cash withdrawal limits exceed the limits that a players is prepared to deposit within a specific period: for example, if you know you will be depositing $200 a week, then make sure that the casino site offers cash withdrawals equal to, or preferably, greater than the $200 limit you have set yourself. In this way, you will be assured of the fact that you will be able to withdraw the cash amount that you have deposited in the first place, and thus, during that period, providing that you win, you will not be losing any money that you require in your day-to-day living (although you shouldn’t be gambling with such money in the first place). As an optimistic player, you will be looking for cash withdrawal limits of, at least 1.5-2x the amount you are willing to deposit. But, a word of caution, NEVER choose a casino with excellent limits to their cash withdrawals to the cost of critical parameters- such as quality of games, or randomisation capabilities. If you register with a casino that is not of sound reputation, then you run the gauntlet, expect to be jousted, and know that you WILL lose, choose only casino with a reputable standing- check online casino review websites for information, ensuring that you select a review site that is not sponsored by a singular casino, and, thus, does not have a vested interest in supporting any individual casino. To register with a casino where gaming jurisdictions or games auditing are not a preliminary concern is tantamount to stripping-off naked, dangling your balls in a hungry lions’ mouth and being sure of the fact of their gentile nature…I would do it, but then I am a girl and have nothing to lose…in other words, it is a foolish exploit to undertake!!

As a gambler, you also need to be sure in your mind as to what you should be doing when you win (if ever you do), large amounts of money, cash that is far beyond the scope of the allocated cash withdrawals outlined by the individual casino at which you are playing. The path of least resistance is that age old one of, waiting, watching, and stelthing (much as the tortoise and the hare; we all know who wins, even if it is counter-intuitive), take the low road, accept your winnings in short bursts, it is still, probably, more than you would earn anyhow. If you have to wait three or four weeks for $200,000, or even years!

It is still probably better that you could otherwise expect to receive, given that the buggers at city-hall want you to have nothing! But, all jokes aside, receiving your winnings in short-bursts may be a blessing in disguise, this way you can save for your dream house, appreciate the value of money as it trickles, slowly, sometimes very slowly, into your wallet. But, if you have to wait years for the same privilege, you may soon find yourself running out of patients, there will be other casinos that will return your cash a lot faster, so our advice? Shop around, find the best cash withdrawal rates, whilst at the same time keeping an eye on the bonuses, remember your bankroll for that given period, and make wise decisions. If needs must, try and negotiate with the casino, prior to enrolment, and get any promises in writing before you gamble.

If you win a large amount of money, and you decide to sit back for 100 weeks and wait for it to be withdrawn, then for goodness sakes!!! And, we cannot emphasise this point enough!! Stop gambling at this casino!!!! There is no point, whatsoever, to increase the risk of not receiving your money. Opt for another, reputable, casino at which to play in the meantime, making sure that the software is powered by a company that you recognise and trust.

But, by stopping betting at that casino, you run, a very, very small risk, of upsetting them and that leading to the dishonerment of your win…this is rare, but can happen. To tackle this problem, either carry on betting small amounts intermittently so they think you are still alive, or better yet, get in direct discussion with the casino and explain to them the problem you feel you are in. this may help you to get a one-off settlement from the casino, and leave the rest behind, comforted by the size of your newly acquired wallet!! May the force be with you!!

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