Withdrawing bonus funds from Bovada can be a point of confusion for many players. The reason you can’t immediately withdraw these funds is due to Bovada’s terms and conditions regarding bonus funds. Here’s what you need to know:
- Wagering Requirements: Bovada typically requires that all deposits must be fully wagered before you’re eligible to withdraw any winnings1. This means that you can’t just deposit money, receive a bonus, and then withdraw the sum. You must first meet the playthrough requirements, which involve wagering the bonus amount a certain number of times.
- Locked Funds: Until the wagering requirements are met, your deposit amount, along with the bonus funds, will be ‘locked’ in your account balance. This reflects Bovada’s policy to ensure that bonuses are used for betting on their platform, rather than being withdrawn as free cash2.
- Bonus Center Withdrawals: If you are looking to withdraw bonus funds, it is important to note that such withdrawals can only be processed through the Bovada Bonus Center, not through the casino or any other means. This is likely to ensure that all the bonus conditions are reviewed and met before any funds are released3.
- Forfeiture Risks: If you attempt to withdraw funds or cash out bets before the bonus wagering requirements are completely fulfilled, there’s a risk that both the bonus and any winnings generated from it will be forfeited4.
To sum up, Bovada’s restrictions on withdrawing bonus funds are in place to ensure that the bonuses serve their intended purpose – to be used for betting on their site. These funds are meant to enhance the betting experience, not to be taken as immediate cash, and thus, come with strings attached that require adherence to their specific playthrough policies.