Have you ever turned a Welcome Bonus into real money?

[michellee]

I have claimed Welcome Bonus in the past but I can't withdraw the money because I lose the funds in the middle of the game. I tried many times in the past but none of them worked for me. The wagering requirements seems too difficult to me as I spent much to fills but ends me by draining the money.

Even if the wagering requirements is low, I still difficult to fills so I don't have interest to take the welcome bonus. I prefer the other promos because usually I can take a nice promo without a high wagering requirements. But I am difficult fills the requirement, but that is satisfied me because I still have a hope to wins although I am lost in the end.

[iv4n]

+5 times, in +10 years of crypto gambling. If I take a guess, I would say I had over 50 tries...

Congratulations... I guess. If you were to venture a guess, was it worth it? In those +10 years of gambling and more than 50 times of trying to meet the wagering requirements, did those occasional wins bring you more money than losses overall? Since there are maximum win caps, I think not.

I just remembered, and it was easy to find it. Completed bonus with x40 wagering requirement:

https://bitcointalk.org/index.php?topic=5483813.msg63598667#msg63598667

When there are maximum win caps and maximum claim, stay away! We already risk a lot by playing slots & choosing to play with bonus... that max win/claim is just ridiculous.

Was it worth it? Hehe, I had great fun playing... and sometimes we win, sometimes we lose. I never won a life-changing amount, but I also didn't lose money that I couldn't afford to spend... I have no regrets, and that's the thing. If you think you may regret it later, just stay away... but if you decide to give it a try, just do it and whatever happens happens... be at peace with any outcome.

[Finestream]

I have claimed Welcome Bonus in the past but I can't withdraw the money because I lose the funds in the middle of the game. I tried many times in the past but none of them worked for me. The wagering requirements seems too difficult to me as I spent much to fills but ends me by draining the money.

Even if the wagering requirements is low, I still difficult to fills so I don't have interest to take the welcome bonus. I prefer the other promos because usually I can take a nice promo without a high wagering requirements. But I am difficult fills the requirement, but that is satisfied me because I still have a hope to wins although I am lost in the end.

That’s already a loss because you’ve lost your money. The rules require you to wager the bonus a certain number of times, but how can you complete that requirement if you no longer have enough funds?

I know casino bonuses differ, but wagering requirements are usually very difficult to beat. Of course, it’s still possible to complete them and cash out real money, so they aren’t necessarily scams. They’re simply designed to be difficult because their main purpose is to attract gamblers and generate more profit for the casino.

[LFC_Bitcoin]

I have actually, the first time I went to Estonia with sportsbet.io I won €200 from a free €20 sign up with a physical casino over there. Unexpected but very nice, it was on some random slot game so I cashed out and stopped playing for the night.

[Pmalek]

I have never turned a welcome bonus into real money, but this is basically because I don't claim or sign up on a casino through links that will credit a welcome bonus to my account, when ever I want to sign up on a new casino, I usually do that through the normal Weblink of the casino and not one that has a welcome bonus attached to it..

There doesn't have to be a special link to activate a welcome bonus. Some casinos have that but it's far from mandatory. In most cases there is a tick that you click on next to the welcome bonus option. Or a first, second, third, etc., deposit bonus. After that, you deposit in the normal way, either with the welcome bonus option enabled or disabled.

Yes, many casino sites offer big bonuses to attract users, but if they gave the opportunity to convert these bonuses into real money, users would benefit more.

That wouldn't really be a smart business decision on their part now, would it? Their own well-being and profit is what interest businesses.

[panjul07]

The first time I manage to turn welcome bonus into real money was long time ago, on the early year of my crypto gambling journey.
Long time ago, many new crypto casinos offer bonus that usually called by "No Deposit Bonus" which is a bonus given to players without deposit requirement.
At that time the bonus was 0.05BTC and the wagering requirement was 45x, I managed to complete the wagering requirement after making a big win with the bonus and I managed to withdraw 0.1BTC eventually. 
I used to hunt "No Deposit Bonus" long time ago, almost all casinos provide this type of bonus but I can say that the possibility to turn this type of bonus is so low.

[Z-tight]

No, i have never have cashed out a Welcome Bonus before, now i do not even bother to try when i register in new casinos. Wagering requirements of 30x or 40x is as good as an impossible requirement and the chances of playing through it and coming out good at the end is very slim, even the bookies know this.

I get it that people still try, but i would only do so with a 'reasonable' wagering requirement, let's say 20x and less, anything up to 40x seems like a waste of time to me.

[AVE5]

I have claimed Welcome Bonus in the past but I can't withdraw the money because I lose the funds in the middle of the game. I tried many times in the past but none of them worked for me. The wagering requirements seems too difficult to me as I spent much to fills but ends me by draining the money.

Even if the wagering requirements is low, I still difficult to fills so I don't have interest to take the welcome bonus. I prefer the other promos because usually I can take a nice promo without a high wagering requirements. But I am difficult fills the requirement, but that is satisfied me because I still have a hope to wins although I am lost in the end.

It's unfortunately that some casino's will drain your funds off were you're wagering to meet up the requirements of their bonuses. I see such scenario as the moments we bets to recover our lost funds but at the end you'll keep loosing more.
I've come across a site that the more you keep placing your wagering to meet up the bonus requirement, so on they'll keep extending the bonus offers value and expects you to keep chasing it.
I've also had a friend who encountered similar of your experience. He blow off his balance but couldn't still make use of the bonus because his efforts on the wagers wasn't enough.

[sana54210]

Are we counting the old days where places had faucets too? Because I have cashed out SOOOO much money from primedice back in the day, they would do like 10k satoshi just for reward, and I would get that, and repeat, and gambled it and usually got enough to withdraw it as well.

But if we are counting like just past 5 years for example, then not much, it did happen a few times, not impossible, still would be in the 2-4 range at least, maybe even 5 or more, but I was here when places offered free money basically, and back then, we did it dozens of times.

[Youngrebel]

This is just something that I have been able to experience once and since then it has been very difficult to get the same results, it makes me wonder if it is really possible to actually win from bonuses. I won from a bonus I got from registering and making my first deposit in a popular online casino and I wasn't really expecting it, the first game I tried was crash games, the cash out requirements made it difficult but I was lucky enough to the minimum multiplier required to win from the bonus in the First round of the game.

[Hispo]

Are we counting the old days where places had faucets too? Because I have cashed out SOOOO much money from primedice back in the day, they would do like 10k satoshi just for reward, and I would get that, and repeat, and gambled it and usually got enough to withdraw it as well.

But if we are counting like just past 5 years for example, then not much, it did happen a few times, not impossible, still would be in the 2-4 range at least, maybe even 5 or more, but I was here when places offered free money basically, and back then, we did it dozens of times.

The standard of the gambling and betting industry has changed much in the lastest five years, when compared to what it used to be a decade ago. With the increase of price of Bitcoin and other alternative currencies, giving Satoshis for free stopped being profitable for the majority of casinos and bookies, so they moved from faucets towards welcome bonuses, which are more profitable in the short term for them and continue to attract many gamblers to try their services.

The few gambling services which continue to offer faucet do not give as much as they used to. Freebitcoin is a perfect example of what it used to be the gold standard of faucets and how a business can go south very quick if they don't adjust theyr business model.

[Achalugo BTC]

This is just something that I have been able to experience once and since then it has been very difficult to get the same results, it makes me wonder if it is really possible to actually win from bonuses. I won from a bonus I got from registering and making my first deposit in a popular online casino and I wasn't really expecting it, the first game I tried was crash games, the cash out requirements made it difficult but I was lucky enough to the minimum multiplier required to win from the bonus in the First round of the game.

There are actually some people who are lucky to win from bonus in gambling, but it doesn't happen all the time and relying on it to change you lives its something that won't work and even if you are betting with bonus, its best for one to bet with it like a game to be entertained and not to except anything in return because that's the safest way for one to avoid unnecessary pressure that might ruined their lives including their bankroll.

[Ojima-ojo]

This is just something that I have been able to experience once and since then it has been very difficult to get the same results, it makes me wonder if it is really possible to actually win from bonuses. I won from a bonus I got from registering and making my first deposit in a popular online casino and I wasn't really expecting it, the first game I tried was crash games, the cash out requirements made it difficult but I was lucky enough to the minimum multiplier required to win from the bonus in the First round of the game.

There are actually some people who are lucky to win from bonus in gambling, but it doesn't happen all the time and relying on it to change you lives its something that won't work and even if you are betting with bonus, its best for one to bet with it like a game to be entertained and not to except anything in return because that's the safest way for one to avoid unnecessary pressure that might ruined their lives including their bankroll.

Welcome bonuses have two categories for example we have the welcome bonuses that comes from your first deposit as requirements the the bonuse, ths deposit bonuse have less conditions attached to it and easier for gamblers to turn the into real money from they winnings, unlike the no deposit bonuse tht have high wagering conditions that is hard to meet most times.

[Sonia_123]

It is always very difficult to do that, turning bonuses into real money can be achieved easily without meeting all the requirements since their requirements are very difficult to me I do not find myself accessing the bonus severally, maybe am getting the process wrong, but it think one day I will get it right, for now I quit .

[Hispo]

It is always very difficult to do that, turning bonuses into real money can be achieved easily without meeting all the requirements since their requirements are very difficult to me I do not find myself accessing the bonus severally, maybe am getting the process wrong, but it think one day I will get it right, for now I quit .

Realistically, bonuses are not supposed to be easily turned into real money, any real gambler and people with enough experience in the world of gambling is supposed to be aware of it. They are just an adversiting technique made by casinos in order to increase their profits.

If you believe gambling is only supposed to be a source of entertainment, there it is nothing wrong with taking welcome and deposit bonuses. The problem actually starts when you actively try to capitalize them and see them as a way to get money off the casino.

There have been so many instances of gamblers going crazy and losing all their savings because of their addiction to bonuses.

[Pmalek]

Let's see what the poll shows:
33 votes so far. 17 (51.5%) of voters have never converted a welcome bonus into real money, and we now have 4 (12.1%) who claim they they have done it five or more times.

Was it worth it? Hehe, I had great fun playing... and sometimes we win, sometimes we lose. I never won a life-changing amount, but I also didn't lose money that I couldn't afford to spend... I have no regrets, and that's the thing. If you think you may regret it later, just stay away... but if you decide to give it a try, just do it and whatever happens happens... be at peace with any outcome.

That's a healthy attitude. Don't keep your hopes too high, then you can't be disappointed if it doesn't work out. Consider the time you spend playing as a way to entertain yourself without worrying about wins and losses. It sounds easy but not many people can think that way.

Are we counting the old days where places had faucets too? Because I have cashed out SOOOO much money from primedice back in the day, they would do like 10k satoshi just for reward, and I would get that, and repeat, and gambled it and usually got enough to withdraw it as well.

No, I am not counting faucets, free bets, and custom under-the-counter promos. Only the welcome bonuses as advertised on the casinos you sign up to.

[Judith87403]

It is always very difficult to do that, turning bonuses into real money can be achieved easily without meeting all the requirements since their requirements are very difficult to me I do not find myself accessing the bonus severally, maybe am getting the process wrong, but it think one day I will get it right, for now I quit .

Turning bonus to real money without meeting the requirements isn’t difficult, it’s impossible. It’s just a two way thing, you either do it or you don’t, doing it is what isn’t always that easy. Personally I feel the time, effort and skill I’m spending or wasting trying to turn a bonus into an actual withdrawable money, I could actually put it into playing a normal game and still win myself some good amount. Because certainly you’ll need to win some games, this time even repeatedly before you could reach a withdrawal threshold.

[Bitcoin.com97]

I haven't turned any welcoming bonus into real money , because it has a lot of requirements,and I don't move from one casino to another looking for a welcoming bonus, instead of that I channel my energy to something else rather than focusing on such bonus ,but in all it depends on individual and how what they wished for,I personally,I don't hunt for those welcoming bonus to be honest.

[Patikno]

I would like to know if you managed to do that and how?
How many times did you do it?
What were the wagering requirements and other terms you can tell us about?

I once successfully withdrew my welcome bonus, and as far as I remember, the wagering requirement was around 20x. If I am not mistaken, I have only managed to cash it out once in my gambling experience. Additionally, if I am not mistaken again, I also posted about it in a thread from the casino I used.

The method I used at that time was: First, I tried playing some of the original games provided to place bets, with the goal of increasing my wagering progress. Furthermore, as I recall, increasing the wagering progress in sports betting is not allowed. So, I could only play original games, and slots. The method I used at that time was to use a kind of martingale, but maybe it was a little different, namely; I increased the bet amount, when I had experienced several consecutive losses (on several betting attempts).

I don't remember the exact details of how I cashed it out, but what I do remember most is; that I made a lot of profit while playing slots, which increased my bankroll, and made it easier to achieve wagering progress.

Honestly, that was the most time I spent gambling, because I played for hours. If I am not mistaken, I spent over 12 hours.

By the way, I think I was just lucky enough to be able to withdraw my welcome bonus. This was because, I was relying on luck in a luck-based bet (without the skill to analyze it, like sports betting). Therefore, I advise you not to chase your luck with welcome bonuses or any other type of bonus. Personally, I view these bonuses as extra entertainment (or additional bankroll to increase capital), and my goal is to avoid overthinking undesirable outcomes (losses).

[o48o]

I won with bonus money once and managed to withdraw that so i guess my answer is yes. I can't really remember the wagering requirements as that was a long time ago, when i still was an interested on bonuses.
I remember that it was barely win compared to total amount i ended up losing, and that actually drove me away from bonuses all together, as there was always small print.

There was another case though (with a long dead casino now) where i won an insanely large bonus. I got to play x number of spins in some slots for free as i got some freebie bonus referral number.

Thing is that after i used it and won money, the money was locked until i would play obscene amount of money to get it. I quickly gave up and cursed that i used so much time for it. After that casino had some technical issues for a long time with withdrawals, so i gave up withdrawing few dollars worth of my SOL from there. After that sol went even lower and i forgot it.

Later on i logged back in to see if i had any sol left in my account, and i had probably nearly 20 sols in there. Back then sol was dying, so it wasn't a huge amount in total closer to $200-300.

Anyway i started withdrawing and managed to get them out. I immediately sold, as SOL was looking like it is dying. Later on i heard that they had some technical issues, so whole bonus got probably for everyone's account. Later on that casino disappeared.