Can you play for real money?
Just like land-based casinos, online casino games are almost invariably played for real money, whether or not the operator uses a token or credit system. When you sign up for an account with an online casino operator, you will be asked to choose a deposit method such as a debit or credit card, an E-wallet solution such as PayPal or Skrill, or prepaid card, and you will need to deposit a minimum of real money in order to start gambling. This might seem like a small amount, perhaps as low as ten or twenty dollars, but could be higher.
Many online casinos offer sign-up bonuses when you create an account. This might be a percentage or a set amount, such as a “free” bonus, or a certain amount back when you deposit over a particular limit. Players should always take time to read the terms and conditions, because often these bonuses are subject to what is known as a wagering requirement.
A wagering requirement means that you must gamble a certain amount to unlock your bonus. So, for example, if you deposited $100 and were promised a playthrough bonus of $100, but the wagering requirement was ten times the bonus plus deposit, you would have to bet a minimum of $2000 before you could cash out your “free” $100.
Sometimes, signup bonuses will include free spins or games, where you can win real money without staking anything. However, just like the wagering requirements on cashback bonuses, players often find they must play through certain limits before unlocking these extras.
While you can definitely play for and win real money at online and land-based casinos, whether the gambling operator uses a token or credit system or not, you will always have to deposit a set amount before you can play to win.
If you’ve any questions related to payments, using your money or managing your account then check out Casinopedia’s comprehensive guide to online casino payments to find out all you need to know.