Reverse Withdrawals at Online Casinos

Published: April 5, 2012

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Online casino players will sooner or later come across the term “reverse withdrawal”. Simply stated reverse withdrawal is the cancellation of the instructions given by the player to the online casino to remit funds from his online casino account to his bank account or credit card or electronic wallet as the case may be. Online casinos induce players in many ways to use this facility, but it is not a healthy practice and players should avoid it.

Online casinos operate on a house edge that on an average across all games works out to about 4%. This means that on an average out of $100 wagered by the player the online casino returns only $96 as payouts and retains $4. Therefore the more the wagering turnover the greater will be the online casino profits. The online casinos operate on the assumption that the funds withdrawn by the player are out of circulation but the funds lying in the players’ casino accounts would sooner or later be wagered. It is precisely for this reason that players should withdraw surplus balances as soon as possible and desist from making reverse withdrawals at online casinos. Very few players make big hits that are showcased by online casinos. For most players it is a grind to retain their bankrolls or win minimal amounts. Therefore they should not fritter away their funds on impulses.

After players make withdrawal requests at online casinos there is a waiting period before the requests are processed. This period is usually 24 hours or 48 hours. There could be a genuine reason for this waiting period. There is often a backlog of withdrawal requests that takes time to clear. During this period the said funds are neither in the players’ casino accounts nor in his bank accounts. The player is informed by the online casino that if he wants to wager during this period it makes more sense to reverse the withdrawal than to pump in extra funds. The reverse withdrawal is given effect immediately without any waiting period. Some online casinos even offer bonuses against reverse withdrawals. These are more attractive than the reload deposit bonuses and act as additional incentives for reverse withdrawal.

Online casino players have to learn the tricks of the trade to resist the temptation of making reverse withdrawals. There is no substitute for will power. Players who are not strong willed will find it difficult to engage in responsible gambling and will more easily succumb to the pitfalls of problem gambling. One simple trick is never to withdraw the complete balance from the online casino, but to leave a small amount in the casino account. Hence players have something on hand if a new game goes live during the window period or if they otherwise feel the need to wager. Players who wager intermittently should consider not logging in to their online casino during the window period. Many online casinos are now following the responsible practice of keeping the delay in withdrawals to a bare minimum or even eliminating the facility of reverse withdrawal. Such online casinos would be following responsible gambling practices in other areas as well and are the online gambling sites players should wager at.

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