Fast Paying Casinos
Fast Paying Casinos has been created because I play at online casino sites regularly. Nobody likes being messed about with 3 or 4 day pending periods on cash-outs or lengthy KYC procedures. Numerous licensed casino sites were tested for trustworthiness and payout speed and are listed below here. Casinos for High Rollers, plus New UK online casinos have been separately categorised too. Good luck! UPDATE 13 May 2020 – The UKGC have issued advice to the licensees during the COVID19 pandemic which includes point 2f “Prevent reverse withdrawal options for customers until further notice.” About time!
These examples apply to non-UK players only! You may have heard players mention the terms (expected value) ‘EV+’ or ‘EV-‘. Without complicating matters, it is quite a simple calculation: Assuming you play slots, they pay on average about 96%. So basically you will lose 0.04 for every 1.00 you stake on average. In other words 1/25 of each currency unit per spin. So, you deposit 50 and get 100% SUB so you have 100 to play with and the WR is 25xD+B. So you need to wager 2500. You will lose 0.04 a spin x 2500 – 100! So you would lose your deposit plus bonus at the point of meeting WR. Therefore an EV- proposition.
A second example is 35xB WR. So you need to wager 1750. 1750 x 0.04 is 70. So you would end up with 30 of your 50 deposit left when you meet WR. So again an EV- bonus. The full EV+ point would be 25xB which would mean you would on average finish with the 100 you started with therefore cashing the 50 bonus! Of course the fast paying casinos aren’t there to give free money out and you would be lucky to find anything under 35xB nowadays, unless you get a better offer as an existing-player bonus later on. There is the chance of you hitting a decent win early on which means the odds thereafter greatly improve in your favour. It’s a good feeling when you have a balance of 400 with only 400 WR left, so from then on everything you win will be cash in your pocket!
Summary: A bonus ties you usually to a WR, but improves the chances of hitting a decent win by giving you more spins than your deposit would have gotten you. All these fast paying casinos allow you to choose.
Caution! ALWAYS check the casino’s terms, as some slots with a high RTP (return to player) say in excess of 97% OR slots which have a very low variance (very frequent smaller wins) OR can offer exceptionally large wins x stake, may be excluded from using bonus funds on or have a lower contribution to your WR i.e. only 75 per 100 played through.
Note! From May 2019 UK-based players will need to pre-verify at casinos before they can deposit and play. This may be done electronically by some and therefore instant, but delays are likely where documents scanned are manually checked. Don’t worry, we will collate information about verification timescales at UKGC casinos and bring it to you here: FAST VERIFYING CASINOS. The fast paying casinos may (or may not if they use automated checks) need a scan of ID before paying out, or paying out over a certain limit. These ‘know your customer’ (KYC) checks are normal and a requirement of their licensing conditions. They are not there to delay cash-outs and you only need do them once.
These consist of a scan of photo ID such as passport or driving licence, a utility bill less than 3 months old for proof of address and scan of your depositing card or web-wallet page. The fast paying casinos I deal with will usually do this quickly (if they require it) and it’s always a good idea to have these in a folder ready. If the fast paying casinos have an upload facility in their account section, do it anyway whether they ask or not.
STATEMENT OF WEALTH: In some cases due to EU Money Laundering and/or Problem Gambling issues a fast paying casino may request a Statement Of Wealth (Source Of Income) to determine your funds are legitimate and can explain the accumulated amount you have spent there. The casinos’ criteria for triggering this request can vary but you’ll be expected to provide proof of occupation and income so at the very least payslips and bank statements would be required. This can be quite personal, intrusive and detailed in nature and if waiting on a withdrawal can put the player in an uncomfortable situation whereby they are reluctant to provide so much information but have no choice. There are also issues of confidentiality as for example if you are an affiliate or private contractor you may be pressurized into giving information that in itself is subject to a separate disclosure agreement which will therefore be breached when revealing it! There seems to be no common framework to the process although over time this should be established to protect all parties involved. For now it remains not an ideal process, so be warned!