Topic: Have you lost the money that you where supposed to withdraw from online casino? - page 3. (Read 1011 times)

Something similar has happened to me in the past, I was supposed to withdrew the money, I had already concluded that I will withdraw the money from the account to my bank account and use it for something very important, but suddenly I received an alert from my bank, someone who was owing me some money had just paid me and I was so happy. So instead of me to withdraw the money from my online gambling account, I decided to place a bet since I had gotten an extra money. I wasn't greedy I just picked a single game that was just 2 odds, I was just hoping to double the  money, but I wasn't luck the 2 odds I thought was a sure game didn't play as I expected. I had given a particular team to win the game at their home ground but they ended up losing to any away team that had 10 odds to win. I was so devastated and I blamed myself for being too greedy.  

Sure that a nice strategy because we might get tempted to continue gambling. Even after withdrawing some profits, if you remain at they casino you'll be tempted to try recovering the lost $20 or $30 that you left after withdrawing some profits. This is a natural occurrence to majority of gamblers but your ability to control yourself that what differentiates you from addicted gamblers. Know when to say No and walk out of the casino. There is a wise saying that "it's better to avoid temptations than to try overcoming it" in the process of trying to overcome temptations, you might become a victim but avoiding it in the first place would guarantee your freedom of making decisions that might implicate your wellness.

They may be suffering from liquidity problems, being unable to process multiple withdrawals from one and the same person, there's many reasons for them asking you to wait 24 hours and none of these would make me think that they want me to keep playing with that money and lose it. Most games give you something close to 45% chance of winning, so they're taking a risk as well. What if you bet that all at once and won and then they'd have even greater liquidity problems. They can't know what you'll do with the money and since you've won before, it's likely you know what you're doing and will win again.
The fact that you seem to believe that they made you lose the money by asking you to wait 24 hours, makes me think you're an addict.

Before you tell about your experience, there was someone who told you the same thing and I believe that if you and the previous person used the same site, the case you experienced was very similar.
If you ask me, I will answer that I have never experienced any problems with withdrawals from my favorite sites, even when I win large amounts I can always withdraw instantly and don't have to wait any longer because in less than 1 minute my balance is ready. withdrawn successfully.

In my opinion, this is just about self-control, not other problems, because if you have strong self-control, of course when you decide to withdraw your money, even if you are still waiting for some time, you shouldn't be tempted to bet again.
Or maybe you should set aside a little money to use to bet at a later date so that when you are still waiting for a successful withdrawal, you at least still have a few dollars to use again but not use the money you have already withdrawn.
But it all also requires managing your finances or in other words the limits you set.

    -      What you're doing is really good, and the strategy of other gamblers should be the same; in fact, I also do the same. When the opportunity comes that I'm lucky, for example, with 50 dollars, I take out the 30 dollars, I'll do it right away, and then I'll just leave 20 dollars again, just like that.

Sometimes it's 80$, then 50$, and I release immediately so that at least there is a winner released. And when I lose, I do it simply, stop immediately, and don't stay in the casino anymore because I might be tempted to play again.

Yeah, Some casino use this tactic since this is very effective against people with short patience. Casino with manual with are the best example for this since most of the casino offers instant withdrawal due to the permission less feature of crypto.

I’m not a victim of this strategy but I experienced this kind of loss many times when depositing Bitcoin using small transaction fee while casino has no confirmation feature to credit deposit. I manage to grow my bankroll while my deposit is still pending while I can’t withdraw until my deposit was confirmed that makes me triggered to play more while waiting until I lose it all.

I think that this is a strategy that casino companies uses to work on gamblers psychologies, they know that the moment a gambler cashes out their wins, that'll probably be it for the day, so delaying withdrawals can tempt the gambler to gamble more, afterall they're not putting extra money. So best thing is not to patronize casinos that delays payments, inorder to reduce the temptations of continue gambling when you're supposed to sign off. Above this i think that every gambler needs to imbibe discipline, inorder to avoid unnecessarily gambling more than they should and regret later.

I think you should know that you cannot always win in gambling, there will be times when you will lose. If you did not withdraw and decided to gamble, then you should know that you take a risk when you gamble and it was 50-50 chance you may win or lose (and you lost at the time).
If that money was really important for you to withdraw, you should have not gamble with it but now you gamble, so you have to accept the results and not blame or regret it.

The good thing is that you withdrawal few times before so i will conclude that you are in overall profit and if it is so, then you should not worry much about it. Do not regret on losses as gambling is a risky business. In gambling it's essential to focus on the bigger picture of the game and understand that losses are a part of the process. There is no gambling without losses.

whether such a thing can be called greed or not. but I think everyone's level of satisfaction is definitely different. Those who have not received satisfaction in the game will tend to continue betting even though they have already won several wins.
but for gamblers who are aware of the situation, they will not prioritize this satisfaction. because winning will be very meaningful for future bets.
In some cases, or maybe more cases, those who have won and continue playing actually lose their winnings, even losing all their money. situations like that do require experience in gambling to be able to make the right decisions.

Can't think of when I made such mistake to lose money this way. But I have  read about gamblers' complains on similar matter but what I don't agree with after reading, just as yours now, is that of trying to pushing the blame onto the casino or sport betting site as the reason to your loss.

The condition was just to wait after 24hrs to get back access to continue withdrawal, it never compelled you to gamble with the money in your account. It's an obvious testament that you're probably not sticking to your bankroll or you don't have any. Set a bankroll, know your limit and you won't have to deal with this experience next time

I think that makes more sense because it is impossible for a casino to limit its users from making withdrawals, usually each user may have a daily withdrawal limit too, we never know and do not know the exact reason why they have to wait 24 hours to withdraw their money again or indeed make withdrawals too often so that the system marks the user's account so that they have to wait several hours for the next withdrawal or there are problems with the transaction network on the crypto you want to withdraw, for example it is under maintenance.

I also don't know how many users can make their daily withdrawals, as far as I know on exchange sites there is a daily withdrawal limit depending on their account level and that could also be the reason why they have to be told to wait to make the next withdrawal because they have reached the daily withdrawal threshold or indeed The casino that is played is quite small so there is a daily withdrawal limit which may be much lower than other large sites, but I have heard that there are users who often make multiple withdrawals at large casino sites and have never had any problems let alone being told to wait.

From what you said about the scenario of your winning experience I see that you were still in a winning position at that time because you only lost money in the 5th attempt while you had successfully made 4 withdrawals in the previous session, meaning that it was a situation where you were still in a winning position because you only lost money in your 5th session. Of course I have also experienced this before where I also have the same approach as you where when the first session I did managed to make my amount of money increase (at least 2x the amount of capital) then I chose to withdraw the winning amount and continue gambling using the same capital as before, but yes of course there will always be time for us to experience defeat because the name of luck will not always be able to survive according to what we want.

But I would say that it is a good approach in gambling especially when luck comes at the right time, because with this method then we will still have the winning amount on the previous withdrawal when in the next session it turns out that we lose, it is better than applying greed by betting everything at once without securing the winning amount first.

For me I have not experienced such before in my life. I have been wining and withdrawing and haven't been told to wait for 24 hours before withdrawing another money. I guess you where so much in a hurry to take your profit after multiple unsuccessful withdrawal attempts. It probably it could be that there was a network glish during the time of your withdrawal attempt. If you would have waited a little more time or 24 hours as given to you, you would have made a successful withdrawal the next day without gambling it all. Lesson of the story is that we should try as much as possible to exercise patients in whatever we are doing.

If they have their limits, they will not forces themselves to playing gambling too long. They will knows that can gives them risks more than they can imagine. They will not continue playing gambling as they will thinks to stops their gambling activity because they don't wants to see a big lose. We may have that experience which we can withdraw that money after we wins but because we becomes greed, we just lose that money without have a big chance to gets it back. I also have that experienced and that's pain after seeing my lost in gambling and that makes me learn that when i can win for some money, I must stop gambling immediately and withdraw the money when it reaches the limits of withdrawal. I don't have to wait for a long time to withdraw my wins money because the situation can change anytime.

In my case I can say that I have never lost the money supposed to be withdrawn from a gambling site. In part, that's because unfortunately I have never achieved the goal of hitting any jackpot which deserved to be withdrawn.

I know that some people become greedy and think things like: hey! I have made 500K out of nothing, why not make it 1M? and if they make it: well, 1M is not enough for all my life, let's double... and in the end finish with nothing. I can understand it, and I agree with oktana that this is either because they didn't set the needed limits, or they set them but changed their mind when they got blinded by the balance in their accounts.

This is something to think about before it happens to you, and not afterwards, so thanks to the OP for raising the question.

Is it possible that they (casinos) don't want to lose so they sometimes freeze some accounts that have big wins, but I think it doesn't make sense if that's the case. There should be a clear reason for the account they are freezing. I have never experienced that, but what I have experienced is where my deposit was not processed, and a few minutes later the casino froze my account. I thought they were cheating but I don't know the details. Fortunately, I didn't enter a large amount of money because of the amount I entered. it's just a few usd. Because the amount was small, I didn't really mind it. In fact, I complained to the cashier's communications team and they gave me the reason, but I forget what the reason was, but the money I put in just disappeared, couldn't be played and couldn't be withdrawn.

When I win at gambling, I usually withdraw an amount with the initial capital or withdraw everything and leave only the initial capital. but whether it works or not OP takes back his winnings because if I experience that, I will definitely panic and look for reasons why I have to wait. because I once had an experience where I got a pretty big win at around 12 o'clock at night, at that time the withdrawal was still normal with a reasonable process within the time period, and when it was 4 o'clock in the morning I got another win and interestingly I waited for about an hour, in that condition. I was confused about going here and there to kill time because I was wondering why the withdrawal time was quite long but the withdrawal was successful, but I didn't know the reason why they delayed the withdrawal for quite a long time.

At least, you withdraw four times and maybe the amount left to you was still around 300-400 dollars? That was still a nice profit out of your small capital. At first I thought you are going say that you lost all your money/winnings when you are about to withdraw them.

But, this scenario have happened to me before. It was like I'm few dollars away from the withdraw threshold but IDK what evil got into my game that I lose most what I've already built. I was like WTF? Later on, I learned my lesson and just deposit the lacking to withdraw, or I will use the in-sites exchange because some lighter coins has a much lower withdraw threshold.

Yes of course. I think it would be difficult to find someone who says that they haven’t fallen into this hole before. But I guess you didn’t set limits. By limit, you weren’t determined that you had gambled enough. Because if you had, and you have reached your limit, there’s usually a sense of contentment that comes with these limits. You’ll think to yourself that you’ve gotten what you want and need not go further.

Things like this are actually very common to several gamblers, most especially the cumpulsive type of gamblers, though it's not completely peculiar to them, but they are the ones who face this type of issues most frequently.

My brother once wanted to withdraw (I think) $200 from one of his online casino account, but I think at that very moment, he was having network issues and could not really carry out the task of successfully placing a withdrawal request, he tried accessing the casino with VPN thinking maybe connecting with a VPN would fix the slow internet connectivity he's facing, but still he could not access the casino properly, he gave up at that time.
Several hours later, he returned to the casino try again, and this times, the network situation had improved significantly, but unfortunately, he can no longer withdraw until he completes kyc verification, at that point, he got agree and decide to just keep playing some games with balance, and he later lost it all back to the casino.

Such experiences aren't always great but I guess it's still something many of us will definitely experience from time to time.

I have never lose all my money that I won in casino while trying to gamble more again, when you stick to your rules and regulations you would have told yourself sticked what you had already drafted for yourself about gambling. Let say if you put this law that whenever you gamble and win you won't place any additional games to avoid you being tempted to emptied your account. Do not be greedy to increase your winnings after winning for the first time, thus there could be possibility of winning but the losing probability is extremely higher than the winning.