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Complete Player’s Guide: Account Setup, Bonuses & Payouts

December 1, 2015 by Altkrause

This is not a generic casino review — this is a practical operator manual for Loot online casino players.

Quick Checklist

  • Verify your identity before attempting your first withdrawal.
  • Read the full terms and conditions of any bonus before claiming.
  • Set deposit limits and enable two-factor authentication (2FA) for security.
  • Choose a payment method that suits your region and withdrawal speed.
  • Test the casino’s games in demo mode before wagering real money.
  • Check the wagering contribution percentages for slots vs table games.

Account Setup

  1. Navigate to the registration page and fill in your personal details (full name, email, date of birth).
  2. Choose a strong password and store it securely.
  3. Select your preferred currency and apply any available bonus code.
  4. Verify your email by clicking the confirmation link sent to your inbox.
  5. Complete the KYC (Know Your Customer) process by uploading a valid ID and proof of address.
  6. Enable 2FA via an authenticator app for an extra layer of security.

Bonus Mathematics

Understanding the math behind bonuses helps you evaluate their real value. Consider a typical welcome bonus: 100% match up to €200 with a 35x wagering requirement on the bonus amount.

If you deposit €100, you receive €100 in bonus funds. Your total balance is €200. The wagering requirement is 35 × €100 = €3,500. You must wager €3,500 before you can withdraw any winnings from the bonus.

The expected loss while wagering depends on the house edge of the games you play. For a slot with 96% RTP, the house edge is 4%. Expected loss during wagering = €3,500 × 0.04 = €140. Since your initial deposit is €100, the expected net result is €100 (deposit) + €100 (bonus) – €140 (expected loss) = €60 remaining on average, but you must also consider that after wagering you can withdraw only if you have met the requirements. More precisely, the expected value (EV) of the bonus is: EV = Bonus – (Wagering Requirement × House Edge). So EV = €100 – (€3,500 × 0.04) = €100 – €140 = –€40. This negative EV means the bonus is unfavorable if you play slots with 96% RTP. However, if you choose games with lower house edge, like blackjack (0.5% with perfect strategy), the EV becomes €100 – (€3,500 × 0.005) = €100 – €17.5 = €82.5 positive. But note that blackjack often contributes less to wagering requirements (e.g., 10%). So effective wagering requirement = €3,500 / 0.1 = €35,000, making EV = €100 – (€35,000 × 0.005) = €100 – €175 = –€75. Always check the contribution percentages.

Calculate your personal EV using this formula: EV = Bonus Amount – (Effective Wagering × House Edge).

Licence & Player Protection

The casino operates under a Curacao eGaming licence. While this licence provides a basic level of oversight, it is less stringent than Malta or UK licences. Important: Under Curacao regulation, winnings may be subject to local income tax depending on your country of residence. Consult a tax professional if unsure.

The casino employs SSL encryption to protect your data and uses random number generators (RNG) audited by third parties. Player protection tools include deposit limits, self-exclusion, and time-out periods.

Money In, Money Out

Depositing funds is instant for most methods: credit/debit cards, e-wallets (Skrill, Neteller), and cryptocurrencies. Withdrawals are processed within 24 hours for e-wallets, 1-3 days for cards, and up to 5 days for bank transfers. The casino may require additional verification for large withdrawals. Maximum withdrawal limits apply – typically €5,000 per week.

For a detailed comparison of deposit and withdrawal speeds, see the Insider Advice section below.

Support Guide

Scenario 1: I forgot my password

Click the “Forgot Password” link on the login page. Enter your registered email and follow the reset link. Create a new strong password.

Scenario 2: My withdrawal is pending

Check your email for verification requests. If none, contact support via live chat. Withdrawals are typically processed within 24 hours after approval.

Scenario 3: I won a progressive jackpot

Congratulations! The payout may be capped or paid in installments. Review the terms or ask support for the exact process.

Scenario 4: I want to self-exclude

Go to your account settings and select “Self-Exclusion”. Choose a period (e.g., 6 months). Confirmation email will be sent.

Scenario 5: Bonus not credited

Double-check if you entered the bonus code during deposit. If yes and it’s missing, contact support with your deposit ID.

Insider Advice

Payment Method Deposit Speed Withdrawal Speed Fees
Credit/Debit Card Instant 1-3 business days None
E-Wallet (Skrill, Neteller) Instant Up to 24 hours None
Cryptocurrency (Bitcoin) Instant Up to 24 hours None
Bank Transfer 1-3 business days 3-5 business days Possible bank fees

For fastest access to your winnings, use an e-wallet or cryptocurrency.

Loot online casino
Loot online casino

Quick Answers

How do I create an account?

Click the “Sign Up” button, fill in your details, verify your email, and complete KYC to start playing.

What is the minimum deposit?

The minimum deposit is typically €10 for most methods, but check the cashier for exact amounts.

How long do withdrawals take?

E-wallets: up to 24 hours; cards: 1-3 days; bank transfers: 3-5 days.

Is the casino safe?

Yes, it uses SSL encryption and holds a Curacao licence. However, always play responsibly.

Can I play on mobile?

Yes, the casino offers a mobile-optimized website that works directly in your browser without downloading an app.

What games are available?

Slots, table games, live dealer games, and provably fair crypto games are available.

Is there a loyalty program?

Yes, regular players earn comp points that can be exchanged for bonuses or cash.

How do I claim a bonus?

Enter the bonus code during deposit or opt-in from the promotions page. Wagering requirements apply.

What currencies are accepted?

EUR, USD, GBP, and several cryptocurrencies are supported.

This guide provides a comprehensive overview for new and experienced players. Always gamble responsibly and stay informed about the terms.

Filed Under: Uncategorized

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