A casino bonus that is forfeited upon the first withdrawal request. It is added to the player’s account immediately after depositing, allowing them to play with both their deposit and the bonus funds. However, the bonus itself cannot be withdrawn and is removed from the account when a withdrawal is requested.
To withdraw winnings, players must meet specific wagering requirements, which involve betting a certain amount of money before any withdrawals can be made. Typically, players use their deposit funds first. If these funds are depleted, they then start using the bonus funds.
This setup allows players to potentially win more with the bonus, but they can only withdraw the winnings after completing the required wagering. The bonus itself remains non-withdrawable and disappears when a withdrawal is made.
Players often use high-risk strategies with phantom bonuses, such as betting large amounts on low-probability, high-reward bets. If successful, they then grind out the remaining wagering requirements on low-risk games to ensure they can withdraw their winnings.
