Topic: mBit Casino and Sports book Experience (Read 396 times)

Does this bad situation you're talking about involve mBit Casino? It's unfortunate that you experienced that but there are reputable cryptocurrency platforms nowadays. This forum alone can help you find those.

 You should have confirmed first whether your winnings will stay if you are going to forfeit your bonus because I can see that there is a misunderstanding between you and the customer support.

Because I am pretty sure that you will just wait for your money to unlocked if you know that all your winnings will be forfeited also if you are going to  forfeit also your bonus. I don't know if you can still revert your decision and the support or the team behind the platform will honor to return your bonus and winnings.

hopefully this thread could help potential users of mBit Casino. It shows that their interest is about making money on users lack of experience.
As simple popup saying you could forfeit your winnings when you withdraw your money early would suffice yet they won't even do it.

smh

It meanwhile turned out that their white label construction has no legal basis!

It is indeed a common practice in almost all casinos, once players  take bonuses and forfeit it then all winning will be forfeited as well. Usually there is a warning notification if players want to forfeit the bonus, not really sure how mbitcasino notify their players about this. I guess you are right that it could be his first try on claiming deposit bonus at a casino.
Good thing is that he did not lose his main balance, he might be shocked if he lost all his balance because while we are taking bonuses then our actual/main balance will be used first before the bonus. I wonder how if he lost his several first bet and willing to forfeit the bonus.

And again you are complaining again abou this thing, I think this is the same as thing as other site have last time. And yet after they fix this thing you keep on bringing this back again to the surface and hope you arr going to be hired to complete false accuse about some tiny mistakes that have been taken care off. And with even red trust, I do not think it is really worth to complain on every single tiny mistake

Where is the definition for misuse of the offer?

Since when are winnings part of the bonus?

It does not matter if they separating it or not, as long as you take any of their deposit bonus and keep on playing with it and get tons of btc after winning, suddenly you just forfeit their bonus then you wont get back your winning. This is really common things that every sportbook having. This is relief things that they releasing back his amount, some other site do not even released their original amount and turns out they said being scam site. This is actually players fault not them

I do believe that the problem here is in the definition of what the bonus is.

After reading this:

4) mBit Sport reserves the right to cancel a bonus offer at any time in case of misuse of the offer. For accounts credited with a bonus - the Player's first bet will be firstly taken from the real balance and then from the bonus balance. If the Player attempts to withdraw the bonus just after their first deposit, the bonus will not be credited and will be automatically cancelled.

I do believe that they consider that the bonus balance is not just the bonus you receive but the winnings as well. I do believe that since your first bet is made from your real balance you should receive the winnings from your first bet. Don't know if that happened or not, but it should in my opinion. Since all the other bets are credited from the bonus balance, I do believe that all winnings from those bets go directly to the bonus balance as well. So your bonus is no just the amount you received, is probably the winnings that resulted from the bonus bets as well. Not sure about this, and you should try to understand if this is what happens or not.

I don't play at mbit, so I don't know how they show th bonus balance and the real balance. If they show this in separate views, then maybe you were able to see if your winnings were affecting the bonus balance or the real balance.

I have used them in the past and sure they give out bonuses but once you forfeit any bonuses in order to cash out, they don't specifically tell you that you forfeit any winnings from those bonuses as well. And just like any casino will not disclose this directly to the player and will protect themselves with it being stated in the terms of services but feel they are not obligated to let the player know this at the time of attempting to withdraw those winnings.
Had a friend experience the same thing but a different situation where they did not pay them 0.5btc in playback bonuses because they used their spouses account but they since separated so thus not being able to provide the information they requested so to get verified.
Another win for the casino yet again.

I tried them before, I lost some money there and that is it. Its the site where I lost more then 0.1 BTC on slots to not win almost nothing, in that time that was 50 dollars maybe, not much but I played with smallest coins, so I had many spins. Its not like I didn't win few spins but its funny when you spent 0.02 BTC and you win double bet amount, just that, then you lose 5 spins and win 15% of the bet, and like that I lost that amount in maybe 20 minutes.
I tried one or two bonus deposits but like I said I just lost money there so I don't have some good experience, but that is because I didn't won nothing. Well I don't regret, I will not call them scammers or anything, maybe that was just bad luck.

I know its not what you want to hear, but I think you need to chuck this off as lesson learned.
This practice is used in /every/ casino
They are not going to give you free money without a rollover. If they did this, they would be out of business.

mBit,

thanks for chiming in.

I understand about the forfeiture of the bonus. What I don't get is why take out the winnings too. Your TOC on sportsbook only specify 'bonus'.

Hello litecoinfarm,


It is very unfortunate that you have gone trough this experience and we are sorry it was not to your liking.

Quoting your steps as to how this situation happened:

"4) tried to cashout by transferring BTC from Sportsbook to casino but it kept saying insufficient balance."


We offered an explanation via our live chat support that this went against our bonus terms and conditions, which can be found here and will proceed to quote:

https://sportsbook.mbitcasino.com/bonus-requirements

"For any withdrawal requests, before completing the bonus rollover, your bonus will be confiscated."

This would be the reason you saw your balance change and your bonus amounts being confiscated.

If you have any pending concerns or questions regarding this matter you are welcome to reach out to our live chat support or email us at [email protected]



Best regards,
mBit Casino support team

WINNING FROM SPORTS BETS:

1) Winnings will be automatically paid into the Player's Account as soon as possible after the event is completed, they can be used immediately to place other bets.

2) mBit Sport reserves the right to correct any potential calculation errors in the Player's Account balance at any time, including bets whose winnings have been awarded. mBit Sport will contact the Player with a report of corrections made.

3) On live betting there is a built in delay for accepting bets. This is to protect ourselves, but means that you might be at a disadvantage to operators or other customers who have more up to date information. Please also note although every effort is made to ensure that information regarding an event is correct, please use it as a guide only. mBit accept no liability for event information (score, time of game etc) being incorrect. For the purposes of live betting there is always a possibility of delay to the transmission of information and therefore we recommend consulting other results services if you are in any doubt of the current information shown.

4) mBit Sport reserves the right to cancel a bonus offer at any time in case of misuse of the offer. For accounts credited with a bonus - the Player's first bet will be firstly taken from the real balance and then from the bonus balance. If the Player attempts to withdraw the bonus just after their first deposit, the bonus will not be credited and will be automatically cancelled.

5) mBit reserves the right to categorize a player as a ‘bonus seeker’ and retains the right to withhold bonuses if seen fit.

6) In case of conflict between the result posted on the Application and the result shown in our Server, the result posted in our Server shall take precedence. You understand and accept that the settlement of any conflict between the user and mBit will be determined based on the records kept by mBit.

The terms and condition on the sportsbook is different. Please note that I used the Sportsbook and not casino.

https://sportsbook.mbitcasino.com/terms-and-conditions

Hello litecoinfarm,

I'm sorry to hear you had this type of experience.  I've played at mBitcasino before, and I've been able to successfully cash out my winnings.  However, I never use a bonus code anymore on any of the softswiss sites like mBitcasino.com, Betchain.com nor Bitstarz.com.  In my personal experience their bonus rollovers are really hard to clear as they are 40x-50x.  I've had hundreds of bonuses (free spins and deposit bonuses), but only been able to complete the rollover (wagering requirements) and cash out around 5 of them.

Personally, I prefer winaday and slotland if I am going to use a bitcoin deposit bonus or a no deposit bonus.  Their rollover requirements are much less ranging from 1x-20x rollovers and I've been able to clear about half of the bonus offers I have tried at these two sites.

They dont have a sportsbook though (at least not yet).  So far, its just the most unique slots I have ever played that are not on any other sites.  If you prefer sportsbook, try nitrogensports maybe.  They have had a bunch of recent promotions.

Good luck where ever you play!

SimplyRouge2

By reading their terms and conditions. below is a quote from their tos.

https://www.mbitcasino.com/terms-and-conditions/bonus-terms

Also you have to wager 40x for bonus to become real money.

I can understand if it was listed in the terms and conditions but in this case it wasn't.

How could anyone know?

yeah this probably your first bonus cause that's what happen everywhere not only in mbit casino
when you activate a bonus then you have to clear it and wager the requirement , or you cancel it with the winnings you made from it
as long as you don't clear the bonus then the money isn't yours , it should be listed in their terms but anyways this is knows by all gamblers

The mistake was yours,this is normal procedure for all books.
Imagine their players to take the bonus, make some winning bets, then to ask the company to cancel only the bonus and let them withdraw the winnings....

You want to withdraw the winnings without to complete the rollover....

I've been in Crypto since 2013 and I've seen several exchanges fall down. However, this is my first experience with a casino not honoring the payout.
I'll try to detail my experience hoping to save the next soul from tons of headaches.

1) I made a .15208251 deposit on feb 1st and used the coupon code ’100%mBIT’ which added an extra 72.90 mBTC to my account.
2) Made 5 different super bowl bets maxing out my balance

All is good until post game when I tried to Cash out.

3) I had to wait several hours before the winnings cleared. No big deal. My total balance at this point is 512.61mBTC
4) tried to cashout by transferring BTC from Sportsbook to casino but it kept saying insufficient balance.
5) Chatted with support and they said that the amount is locked due to the bonus. So my option is to forfeit the bonus of 72.90mBTC just so I can withdraw.
6) I authorized support to forfeit the bonus and next thing I know my balance shows .15208251.
7) talked to support again and she said forfeiting bonus also forfeit winnings.


Their terms and Conditions doesn't mention anything about forfeiting winnings so I'm not sure why mBIT would knowingly deceive their customer.

I welcome https://mbitcasino.com to chime in and explain their side.

Here's the transaction ID: 4758023; 4757996; 4758008