Cashing Out At The Casino: Knowing the Right Time

Everyone hopes to hit the jackpot their first time at a casino, whether online or offline. Realistically, it takes a longer time getting to know games and trying your hand – and quite a bit of luck – to win. Whatever stage of gambling you are at, it is important to understand the step of cashing out at the casino, including when to know the time is right.

We will cover knowing when the time is right for cashing out at the casino. You can also rely on us for information about the cash out process, setting limits with bankrolls and other practical tips. We’ll discuss certain barriers associated with cashing out and how online differs from land-based casino processes.

If you’d like to learn more about a particular point mentioned so far, you can find them in the navigation links below and go directly to the relevant section for you. If you’re ready to play, explore our ranking of online casinos with the fastest payouts.

• Casino Cashing Out: Why Timing Matters
• Online Casino Cash Out: What You Should Know
• Barriers to Cashing Out Online
• Land-Based Casino Cashouts

Casino Cashing Out: Why Timing Matters

With all this discussion of casino cashing out, you might be wondering why is it that timing matters at all? The answer is twofold. There are two things referred to when we talk about cashing out: knowing limits (in other words, playing purposefully with your bankroll) and the practicalities of the actual cash withdrawal process, which tends to be more complex on online gambling sites.

One key piece of advice we can give is something that can be applied to any type of gambling and any player. That is to get your head on straight before you start. Take a moment to think about the games you will play and set reasonable and honest expectations for yourself. If you can go in with clear limits you will stick to, this will go a long way in preventing issues down the line, like running out of bankroll.

We’ll cover the practicalities in the section below, so for now we’re focusing on how to set effective limits to keep your bankroll in order. The first thing to know about this is that there are also at least two main schools of thought when it comes to knowing when to cash out: the conservative approach and the investor approach.

Conservative Approach

Everyone will tell you (including us) that you should be mindful of your bankroll when you start any sort of gambling or betting. With some games like slot machines, you can blow through your bankroll really fast if you are not paying attention or if you have not set conscious limits. Setting bankroll limits to manage your betting can help you make your money go further. It is also a good way to avoid debt or eating through all of your betting cash in one go.

When it comes to the conservative approach, we recommend having a clear spending limit in mind. This means knowing what your total bankroll is (in other words, what you are depositing into an online site or bringing with you as cash to a land-based casino). Once you know your total, you can calculate how much you are willing to spend per game, per day or per week – whatever time frame makes the most sense for you.

If you know your bankroll is $100 for a week, then you know you should not place a $100 bet on Monday, if you want to be able to continue betting all week, for example. It might be better to place five $20 bets throughout the week. Especially for new bettors, this can be helpful in the beginning as it gives you time to learn more about the sports you are betting on and improve your informed decisions.

For casino games, this is equally important. If casino time is a form of entertainment in your eyes, you also need to budget your entertainment limit to the amount you are willing to comfortably lose, if the odds are not in your favor that week.

In order to not spend too much time on a platform, you might also set a time limit, just as you would with social media or other apps that take up a lot of attention. If you feel you struggle with setting your own limits, you can use apps that set a maximum amount of usage time or send you reminders, or block out certain periods where you can use the site.

Whether you are using a time-based limit or a money-based limit, having those numbers in mind will help cue you to know it is time to stop playing and cash out. This way, you conserve your bankroll and make sure you can play again in the future, because you still have something to play with. You also conserve your winnings, if you want to put them towards something in particular, rather than spending them all again.

Experiment with different betting limits to find what system works for you and always be willing to look at the results objectively, without judgment, to reflect and make improvements. When it comes to casino cashing out with the investor approach, be sure to make a plan, for example: For every $100 I earn, I will keep 25% aside and put 75% back into the platform for future bets. Then stick to it!

Investor Approach

The other option is what we call an investor’s approach, though you can also call it a sports betting approach or an aggressive approach. Note, this is not too extreme, but might be considered aggressive in comparison to the conservative approach! This method is what some sports betting experts recommend, especially for those who take sports betting seriously and want to improve their betting strategies.

Though these types of players should also practice bankroll management and can use some of the tips we’ve already discussed to do so, rather than cashing all of your earnings out, an investor will invest a certain amount of their betting earnings back into the game. That means in week one or month one, your bankroll might be $100, but as you earn more, the goal is for that number to steadily increase – $200, $500, $1000, and so on.

The more you can comfortably bet on the outcome of a game, the more you stand to win. Of course, this holds true for losing – you must be okay losing this amount as well if results do not go your way. That is why growing your bankroll using only what you have earned from previous bets is such a good plan. You don’t risk your regular income or money you need to budget towards the necessities in the rest of your life.

Online Casino Cash Out: What You Should Know

When it comes to the practicalities of online casino cash out, we’ve got you covered! The good news is, actually cashing out from an online casino or betting platform is pretty darn easy, especially if you have deposited money using an e-wallet or via cryptocurrency.

This is because you typically need to use the same method to deposit and withdraw your funds. This isn’t always the case, but when you go to cash out for the first time, you’ll see the option available to you is whatever payment option you used for your first deposit. That is because this payment method has already been verified and linked to your identity. It saves time and also helps the provider ensure that any withdrawals are going to you, and not to someone who has somehow gotten access to your account!

However, if you have deposited with a credit card, you should know that you cannot withdraw money back to a credit card. That means you would need to link a different payout method, like a debit account or e-wallet. This is totally fine and doable, it just might mean that the payout takes a bit longer as those details take time to get verified by your betting platform.

We have spoken in more detail about the steps involved in payments and withdrawals in a previous article. Check it out to learn all of the facts for online casino cash outs.

Fastest Payout Methods

If you are reading this article to learn how you can cash out online fast, this is the section for you! When cashing out at the casino, you will need to set up first a deposit method and then a withdrawal method. As explained above, these are often the same method, for example the same debit card or checking account, or the same e-wallet. If you have already used one for your deposit, it will be ready to go for your withdrawal, so we advise you to think ahead and use one method from the start when opening your account, if you can.

Beyond this, digital wallets and crypto currency payments are the fastest methods for getting your money. They are also usually the cheapest – they won’t charge sneaky fees like some bank transfers or oldschool payout methods do. If you are looking for an online casino instant cash out, these are the options to go to.

One thing to know is that the speed of a cash out often depends a lot on the casino itself. Some casinos offer faster payouts than others. This is a fine point to pay attention to when reading casino reviews and researching what place you’d most like to play at.

Barriers to Cashing Out Online

Now we come to the less pleasant side of casino cashouts. Whether you are learning when to cash out on a slot machine, or from a betting platform, if you are playing online things can get tricky thanks to wager requirements. Wager requirements are stipulations connected to bonuses that online casinos offer when you first join them.

An example of a wager requirement is that before you cash out, you must spin a certain number of times on a slot game. Another example is that you must first bet a certain amount of your own funds, not including the bonus funds given to you.

These requirements were designed to prevent users from signing up, claiming a cash bonus and then promptly withdrawing it from the casino site. They mean that you must use the bonuses on the casino and bet your own money as well in order to take advantage of any free spins, free credits or bonus cash.

Bonuses are still a great way to earn extra from online casinos and sports betting sites, but be aware of the terms and conditions when signing up. If you find you are having trouble cashing out soon after joining a new site, this might be the reason.

The other main barrier you may encounter is a withdrawal limit. Some casinos simply do not have withdrawal limits, which is helpful if you’d like to withdraw whenever you want. Others have limits based on daily, weekly or monthly usage. These limits should be stated clearly by the casino when you create an account with them. If you are a high roller and used to dealing with large sums, you might be able to increase your withdrawal limit. Contact your casino to inquire about this.

Land-Based Casino Cashouts

Cashing out at a land-based casino is a slightly different process than on an online counterpart; however, this process is phenomenally easy! When you play at a casino, you will use a voucher or chips to play your games of choice. You will likewise be paid out at the table or slot machine with vouchers or chips – not in cash. So what do you do then?

Well, of course you can take your earnings and use them to continue playing around that same casino. But when you are ready to go, you’ll need to exchange them at the casino “cage” where friendly tellers are ready to take them and redeem them for you into the equivalent cash amount. Pocket your money after checking the amount is correct and then go – that’s all there is to it!

The advice we have given about knowing when it is time to cash out can also be applied to playing at land-based casinos. Limits like bankroll management and setting times for playing can go a long way in preserving your earnings and preventing overspending.