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Won At Cash O'Lot On A Free Chip!

Discussion in 'Winning Stories' started by SherKev, Aug 6, 2016.

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  1. SherKev

    SherKev Moderator Staff Member

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    I have never made a real-money deposit at Cash o'Lot but I frequently receive free chip offers via email because I am a member. Yesterday, I redeemed a free $15 chip and believe it or not turned it into over $2,000 at one point playing on random slots.

    The playthrough requirement before they would authorize a withdrawal was $6,000. I honestly didn't think I would make it until I hit a few different big payoffs and got it up into the thousands. I played it down to about $500 and reached out to chat to see if I had met the requirements. Since the maximum withdrawal on a free chip is $100, they erased the balance above and beyond that amount and told me I was free to cashout.

    Here Comes The Terms and Conditions

    Since I have never made a real-money deposit, the only requirement left for me to do is to make a minimum deposit of at least $25 before they can transfer the $100 to my bank. I was told I have 12 days to do this before the $100 would be forfeited.

    I plan on depositing sometime next week but wanted to share with everyone that IT IS possible to cash out on a free chip after meeting the requirements of a playthrough (or wagering requirement.)

    Technically, I have to pay $25 to release the $100 ($75 profit) but if I had made a deposit in the past then I wouldn't have this issue. Who knows, maybe I can turn my $25 deposit into something more. I will come back and update the thread when the deposit and withdrawal is completed.

    Visit Cash O'Lot Casino
     
    Last edited by a moderator: Aug 7, 2016
    RyanWeb likes this.
  2. RyanWeb

    RyanWeb Administrator Staff Member

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    Damn, Nice! As long as you don't lose the $25 deposit, you should profit the full $100.. I would deposit the $25, maybe play a few hands of blackjack never losing more then $5.. Then cashout, thats pretty amazing you made it through the play-through, and on a free chip at that :)
     
  3. SherKev

    SherKev Moderator Staff Member

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    right?! i really didn't think it would come to this and that is why i didn't do any screenshots. i think i will take your advice about the blackjack... but i probably won't redeem any coupons on the deposit either... but i haven't decided yet :)
     
  4. RyanWeb

    RyanWeb Administrator Staff Member

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    LOL don't redeem anymore coupons! You'll be really pressing your luck! I would cashout the $100 and then maybe try a different casino later ;)
     
    SherKev likes this.
  5. rz3300

    rz3300 Basic Member

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    So if you put down the $25 then you should automatically get the $100 right? Sounds like the right move to me. Hopefully you can just take that $75, pocket it and move on, but something in me tells me that this is not the case. They have probably worked to suck you in somehow...best of luck to you.
     
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  6. Vinaya

    Vinaya Basic Member

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    Congrats! You seem to be lucky to win from free chip. I receive so many free chip when I join a new casino or deposit funds, however, I have never been able to win any amount just from free chip. So you are getting $100 if you make a deposit of $25. You will earn $75 without spending a cent.But the main question is will they actually send you money.
     
    SherKev likes this.
  7. pwarbi

    pwarbi Basic Member

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    You'll probably find that the majority of people who first join an online casino are exceptionally lucky when they first start playing and we are all 'up' when we are playing with the free bonuses we usually get for joining in the first place. What a lot of people do though is fail to read the rules and it's only afterwards when they try and cash out that they realise that there are conditions to withdrawing, and more often than not that does include having to make an initial deposit out of your own bank accounts.

    If, like you @SherKev you read the rules and are aware of what your doing then there is money out there to be made, but what a lot of people will do is deposit there money, and instead of cashing out then moving on to another casino they will play and lose and then end up losing their winnings as well. This is of course what the casino want's, and the only reason that they are offering the crazy incentives to join up in the first place.
     
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  8. Kgord

    Kgord Basic Member

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    That is what I like! Winning from a free spin or chip. Usually it is just some kind of demo thing though, and not worth real money. You are very fortunate..I think most of us could use some of that kind of luck in our lives..Congrats!
     
    SherKev likes this.