Avoid Casinos With Max Bet Rules - page 2.

doomistake

hero member

Activity: 1400

Merit: 571

Quote from: Catmony on April 18, 2017, 02:47:32 PM

Quote from: adaseb on April 18, 2017, 03:34:42 AM

There was a site that had a bonus where if you deposited $100 they would give you $200 for free. I automatically accepted the bonus, didn't read the terms. And after a few losses decided to withdraw about $80 or so whatever I had left in the account ($20 only was lost) turns out since I accepted the bonus, my funds were frozen until a certain criteria was met which was almost impossible to even break-even on.

I have also got similar experience few months ago but i have left binary trading not only due to this. Best way to not get stucked with all this requirement and get your deposit frozen is to not accept any bonus regardless how huge they are.

Well, it can't help, since we didn't read their terms about the bonuses that they are giving, that is why it is important to know all the rules and terms about a certain thing to avoid such thing like this in the future, and we just have to take this as a lesson, for us to learn that it is a must to read things first before we take it as a go, because the curiosity kills the cat, as the saying said.

Catmony

hero member

Activity: 854

Merit: 500

Quote from: adaseb on April 18, 2017, 03:34:42 AM

There was a site that had a bonus where if you deposited $100 they would give you $200 for free. I automatically accepted the bonus, didn't read the terms. And after a few losses decided to withdraw about $80 or so whatever I had left in the account ($20 only was lost) turns out since I accepted the bonus, my funds were frozen until a certain criteria was met which was almost impossible to even break-even on.

I have also got similar experience few months ago but i have left binary trading not only due to this. Best way to not get stucked with all this requirement and get your deposit frozen is to not accept any bonus regardless how huge they are.

BTCevo

legendary

Activity: 1834

Merit: 1008

Quote from: Lucky7btc on April 15, 2017, 06:54:47 PM

More and more casinos are adding this crappy .025 max bet rule with bonuses. I will be avoiding these casinos as they are predatory terms. If you accept a bet you should pay a bet. It seems most swiss soft casinos are adding this term. Just the amount of bonus wagering requirement alone, is heavily in the casino favor and to restrict someone to just .025 max bet is wrong. Especially if they are a table game player.

And what about this max bet thing? I do not think that they scam us just by giving the max bet here. I believe that you should know that before you put some bet. Some of site is just tricky by not saying it on their ToS, if you never know what is max bet and min bet better you stop before you lose everything out. I find this mostly on slots games because this is the best way for them to cut the payout and withdrawal

adaseb

legendary

Activity: 3808

Merit: 1723

Up to 300% + 200 FS deposit bonuses

I remember I got suckered into something similar a few years ago and it wasn't even Bitcoin related.

I am sure you all heard of Forex trading but there is something called Forex binary options trading. Where you basically take bets if the EUR/USD will be higher or lower than now in the next 60 seconds, 15 minutes, 1 hour, etc.

There was a site that had a bonus where if you deposited $100 they would give you $200 for free. I automatically accepted the bonus, didn't read the terms. And after a few losses decided to withdraw about $80 or so whatever I had left in the account ($20 only was lost) turns out since I accepted the bonus, my funds were frozen until a certain criteria was met which was almost impossible to even break-even on.

So we have all been there.

BlockEye

legendary

Activity: 1148

Merit: 1097

Bounty Mngr & Article Writer https://goo.gl/p4Agsh

Quote from: AicecreaME on April 18, 2017, 03:02:33 AM

Quote from: Vikingr on April 17, 2017, 05:04:25 PM

For smaller players it does not a problem who do not play with high amount to earn money and who play only for fun while other professional gamblers who want to make money from their gambling will not rely on games which will have that lower max limit.

Correct, because we have our own choices to make in this case. But if do really want to win this bonus, then we have to take the risk and put the maximum bet that a certain gambling site required, but, you have to think it twice because you are going to lose big in this thing, though you are going to win big in this thing if you are going to be lucky enough.

Bonuses are just a sugar coat of a casino so that gamblers will more attracted to play and bet high so that they can easily get the bonus requirements. The 0.025BTC max is a counter measure of a casino to prevent further loss on their side and to limit the chance of winning of players, Because they know that people will lose their patience on the long run and an error will be committed for them to lose on the game.

AicecreaME

sr. member

Activity: 2394

Merit: 454

Quote from: Vikingr on April 17, 2017, 05:04:25 PM

For smaller players it does not a problem who do not play with high amount to earn money and who play only for fun while other professional gamblers who want to make money from their gambling will not rely on games which will have that lower max limit.

Correct, because we have our own choices to make in this case. But if do really want to win this bonus, then we have to take the risk and put the maximum bet that a certain gambling site required, but, you have to think it twice because you are going to lose big in this thing, though you are going to win big in this thing if you are going to be lucky enough.

ShodanEnkidu

full member

Activity: 127

Merit: 100

I can highly agree. I don't even like casinos that offer (only) deposit bonuses as a rewarding system.
It usually has got a deadline sticked to it too, until you have to wager your founds many times.
This makes me feel a compulsion to play it through fast, which ends in a bust for me fast.

So I avoid these type of bonuses. I much more prefer wagering based bonuses tied with faucets. The more you wager, the more free money you get as a reward time to time. Much more confortable for me.

ImHash

hero member

Activity: 924

Merit: 506

About time, it means they are not going to manipulate outcomes or cheat in any possible way, with this method you will no longer be able to use martingale or any other similar strategy. anyways casinos with house edge still going to be the only winner in the long run.
It's up to players to choose where to play and whatever kind of casino they play sooner or later they'll realize that they're not actually winning but just earning back what they've lost in the past.

piloder

legendary

Activity: 966

Merit: 1006

I am completely against taking any bonuses at all including deposit/re-deposit bonuses which comes with heavy wager requirement. Why to get stucked with rules taking those bonuses if you can simply play with your deposit amount and take whatever you win without any restriction.

Also for small players max bet rules for bonus amount may not make any sense because they always try to bet small and try to meet wagering requirement to free up the bonus.

RHavar

legendary

Activity: 1463

Merit: 1886

Quote from: adaseb on April 17, 2017, 07:28:05 AM

Most people never read the terms ever. But if you ever took the time to read the terms and understand them before making a deposit to get a bonus you would understand that's its generally never a good idea since there are very strict terms.

However most people just skim thru the terms and conditions and complain later.

It's not fair to blame players. In this specific case, the max-bet rule is located in the wrong section titled "free spins" which not only makes it hard to find but also unclear if it only applies to free spins or not.

And secondly, and most importantly -- it's completely reasonable that a person would expect limits are enforced. My casino has a max bet rule (currently 1 BTC), and if someone tries to bet more than that (which happens often...) the server returns an error and says it can't accept such a bet. But to accept the bet, and then confiscate the users funds (often unrelated) for terms of service violation is total and utter bullshit. Doing so takes money for an innocent mistake or misunderstanding. It's one sided, it's predatory and it's outright scammy.

Quote from: mnet26 on April 16, 2017, 07:48:30 AM

and yet most of the FortuneJack posters who are promoting them in there sig campaign. Guess what? Fortune Jack also has a 0.025 BTC max bet rule in place too. Like gee almost like it's universal across all soft swiss lines.

Just to be clear, my issue isn't with max bet rules (that's fine). It's not enforcing them on the server, then confiscating money from players that I take issue with. I haven't heard any complaints about FJ in particular, but I'm happy to call them out if they're also scamming users.

hermanhs09

hero member

Activity: 574

Merit: 500

Quote from: Lucky7btc on April 15, 2017, 06:54:47 PM

More and more casinos are adding this crappy .025 max bet rule with bonuses. I will be avoiding these casinos as they are predatory terms. If you accept a bet you should pay a bet. It seems most swiss soft casinos are adding this term. Just the amount of bonus wagering requirement alone, is heavily in the casino favor and to restrict someone to just .025 max bet is wrong. Especially if they are a table game player.

You should really make the title clearer.

Every casino has max bet rules. Even the ones in Vegas.

There is a limit to their bankroll and obviously if a whale comes and had 100x more money than the casino itself, he has a high chance of winning everything that the casino has.

What you're referring to is really max bet rules on bonuses. These are sneaky, i agree.

xuan87

legendary

Activity: 1666

Merit: 1001

Quote from: Vikingr on April 17, 2017, 05:04:25 PM

For smaller players it does not a problem who do not play with high amount to earn money and who play only for fun while other professional gamblers who want to make money from their gambling will not rely on games which will have that lower max limit.

yeah it supposed not to bother small player who play for fun, but actually by limit the bet the house got the advantage, sometimes bankroll and bet amount really affected our strategy to win, especially when you are using martingale technique, it is okay for casino to have max bet, because they also need to manage their deposit, they putting max bet, so they can afford to pay their customer, but if it set too low then we will have smaller chance to win

BitMaxz

legendary

Activity: 3374

Merit: 3095

BTC price road to $80k

You have a good point i already tried a gambling casino before which it has a limitation for bets.. like in a dice game before..
I forgot the name of the dice site but honestly its not provably fair for me because sometimes if i am using martingale it will stop when reaching the limitation which is you can not recover your loses once you are setting 100% increase bet ..
Well unlike other games that you can bet how much you want and there is no limit those are site that actually for me are provably fair..
If they are starting a business they have a enough money and capital that they can pay even the high bets.
So that they can't experience any problem if they are giving maximum limits its provably fair because how about a people who are lose already a lot but they want to recover them all in one single blow.. but the maximum limits already reach . sometimes many people are complaining about this issue before.. they should always clear the terms ..

Vikingr

hero member

Activity: 798

Merit: 500

For smaller players it does not a problem who do not play with high amount to earn money and who play only for fun while other professional gamblers who want to make money from their gambling will not rely on games which will have that lower max limit.

AicecreaME

sr. member

Activity: 2394

Merit: 454

Quote from: KickItDown on April 16, 2017, 08:36:32 AM

I always avoided to apply for any kind of bonus. They just kill the game.

I don't think so, because they are putting a lot of thrill to bet on the game because you are thinking that you are going to get this bonus if you are going to win, and it is not always, a certain gambling site will just give bonuses if they knew that the players feedback on their site is good, and making a large bank roll every day.

So, players would be more fired up on playing on the gambling sites that do have this bonuses, and will not kill the game like what you think, though we have different opinions.

soul-impact

hero member

Activity: 854

Merit: 500

Quote from: Barbut on April 17, 2017, 09:22:39 AM

Most of casinos have this rule about max bet. I`m sure this rule is here to prevent martingale system, but I also think that max bet policy can prevent bankruptcy of the casino. They preventing some high roller to come and win some insane bet with insane odd`s.
Anyway I don`t care about this policy, I`m far far away from this max bet`s.

You are right, though the casinos have a lot of capital, but in gambling there is always justice, luck can go to any player. So, they always choose a safe solution, they can own a tremendous amount of capital, but they do not want to lose too much by a player, so the limit is the best bet for them.

veleten

legendary

Activity: 2016

Merit: 1106

Quote from: Barbut on April 17, 2017, 09:22:39 AM

Most of casinos have this rule about max bet. I`m sure this rule is here to prevent martingale system, but I also think that max bet policy can prevent bankruptcy of the casino. They preventing some high roller to come and win some insane bet with insane odd`s.
Anyway I don`t care about this policy, I`m far far away from this max bet`s.

you,sir,are correct:most of the casinos with investment option (some with privately funded bankroll as well)limit max bet
it is due to the fact that a provably fair casino can sustain only that much of a lucky whale's winning max bets without a risk of closing down
another thing is when the casinos like bitstar are limiting your max bet on free spins or bonus deposits or any other slimy,stinky way to screw you out
of your winnngs in every possible ways
this has nothing to do with the risks mitigations,but pure borderline scam practices

Barbut

hero member

Activity: 1694

Merit: 502

★Bitvest.io★ Play Plinko or Invest!

Most of casinos have this rule about max bet. I`m sure this rule is here to prevent martingale system, but I also think that max bet policy can prevent bankruptcy of the casino. They preventing some high roller to come and win some insane bet with insane odd`s.
Anyway I don`t care about this policy, I`m far far away from this max bet`s.

swogerino

legendary

Activity: 3136

Merit: 1233

Bitcoin Casino Est. 2013

The max bet rule is always to stop martingale but people counting on martingale nowadays are non existent. The casinos should let a big max bonus as they have the house edge which will always make them profit. So I also think that these type of casinos that forces you to play only with a low max bet amount should be avoided.

pinggoki

sr. member

Activity: 1498

Merit: 416

Quote from: meemiinii on April 16, 2017, 11:04:38 PM

Quote from: Patinix on April 15, 2017, 07:41:01 PM

Quote from: RHavar on April 15, 2017, 07:37:10 PM

That said, I think people should avoid using bonuses in general. In almost all cases they're carefully designed to benefit the casino, while giving the player the impression it's good.

This is the best answer on casino bonusses.

They are useless!

exactly! they use bonuses to attract more users or gamblers.
these bonuses they offer are just some sort of a trap..
that is why it is so important that we should read first the terms and conditions before we put money on a particular site.

That's right... Most of casino were using bonuses to captive more players or gamblers. However, not all bonuses are fake there are few bonus are legit.
I suggest that you need to become wiser inorder to avoid the trap and read important details about them

Topic: Avoid Casinos With Max Bet Rules - page 2. (Read 2073 times)