Someone with a strict budget of gambling with $10, decides to start online gambling after been told by a friend, but on signing up discovers that the minimum deposit accepted is above the amount budgetted for gambling. Does high minimum deposit fees from online casino discourage gamblers who want to stick to a budget and influences them to gamble with bigger amounts? If yes, and that perhaps is a reason behind many other online casinos keeping their minimum deposits as low as $1, Could low minimum deposit be an encouragement for people to come gamble regardless of the money they have to gamble? Does minimum withdrawal encourage players to try again and keep gambling if they don't win up to the minimum withdrawal?
There are many gambling sites where you can gamble with a very limited amount of money. However, the platform on which you have to gamble by depositing more than 10 dollars is not applicable for everyone. There I am including you who are small scale gamblers who do not get such platform acceptance. It is best for us to consider those sites that have very limited deposit gambling sites. Here the whole conclusion which the man has led him to conclude is wrong. The first thing to consider is the minimum dollar amount you can deposit. It is not right to give and take any decision without first knowing about the platform. 
Topic: Minimum deposit and minimum withdrawal. - page 10. (Read 1633 times)
Someone with a strict budget of gambling with $10, decides to start online gambling after been told by a friend, but on signing up discovers that the minimum deposit accepted is above the amount budgetted for gambling. Does high minimum deposit fees from online casino discourage gamblers who want to stick to a budget and influences them to gamble with bigger amounts? If yes, and that perhaps is a reason behind many other online casinos keeping their minimum deposits as low as $1, Could low minimum deposit be an encouragement for people to come gamble regardless of the money they have to gamble? Does minimum withdrawal encourage players to try again and keep gambling if they don't win up to the minimum withdrawal?
I don't think so, why do casinos have lower minimum deposit than withdrawals because they don't require fees to handle deposits and very different from withdrawals.However, if there is a casino that has a minimum deposit of $1 and the player only deposits such an amount to play (without taking into account luck) there is not much that the player can do and my advice is not to gamble if that is the only budget he has and the value of the player's deposit to the casino is also an illustration of how much the player's ability to bear the loss, such a value is not profitable for the casino, especially players must also take into account the tx fee when sending coins, if just want to fulfill the curiosity to play gambling, can use demo mode
Does high minimum deposit fees from online casino discourage gamblers who want to stick to a budget and influences them to gamble with bigger amounts?
There's no such high minimum deposit fees, the casino didn't charge any fees when you send your coin from your wallet to the casino, if there's a fees charged, it's a mining fees you paid to the miner, not for the casino. What you're trying to say is, high minimum deposit requirement.Anyway it depends on each person psychological, but most of the case to encourage people to keep gambling is put a very minimum deposit requirement and put a high minimum withdrawal.
Online gambling houses/casinos/betting houses etc etc (whatever you want to call them) aren't going to profit at all from a $10 bet when it comes to their own risk versus reward. I get trying to stick to a budget, but if $10 is all that you can spare for gambling (and I'm not saying this is necessarily the case for you, just in general) then perhaps you really shouldn't be gambling at all.
That's just my two on it. Businesses have to make money, and if they can't, they can't do business..simple as that.
That's just my two on it. Businesses have to make money, and if they can't, they can't do business..simple as that.
It might be mostly to discourage people who have a low capital in the first place from gambling. Though your average joe would most likely have enough money to gamble tbh, might be for people who have it really really hard, or maybe underaged people. It's also a show of your capability if I were to describe it, that you can indeed gamble. I also wouldn't put past it that they just put it there so that they can calculate the minimum amount of profit if x number of people deposited on their casino.
Minimum withdrawal limits might be more for encouraging players to spend the leftover money instead of being able to withdraw it. Kind of like a state of softlock in games, you can still play but you can't do anything about it since it's below withdrawal limits.
Minimum withdrawal limits might be more for encouraging players to spend the leftover money instead of being able to withdraw it. Kind of like a state of softlock in games, you can still play but you can't do anything about it since it's below withdrawal limits.
If one badly wants to gamble and his/her money is not enough, then it is indeed possible that he/she will make a bigger deposit, although it matters, of course, whether he/she can afford the minimum. If he/she cannot, then he/she will be forced to borrow, dip into his/her savings, or at best put off gambling some other time.
If the minimum is so low, then it is very easy to gamble. And it is also very easy to make another deposit once the wallet is drained.
I guess I'm in favor of having a higher minimum at least for deposits.
If the minimum is so low, then it is very easy to gamble. And it is also very easy to make another deposit once the wallet is drained.
I guess I'm in favor of having a higher minimum at least for deposits.
It is up to each casino to adopt the strategy they wish regards deposits and withdrawals values and limits, but I guess a casino can profit much more if they give freedom to gamblers on this matter. If a gambler wants to deposit just a dollar, let him do this. It's much better to have 1000 customers depositing 1$ each than one customer depositing 100$, while all the rest will simply not play because they can't afford to spend more funds or they will find an alternative casino which allow them to play with lower amounts of money.
Now about withdrawals, it's not possible to be so flexible, because we know there are operational and network costs to be paid through fees, so a gambler must be aware it's not possible to deposit a single dollar and withdraw it as soon as he double his bankroll to 2$.
Now about withdrawals, it's not possible to be so flexible, because we know there are operational and network costs to be paid through fees, so a gambler must be aware it's not possible to deposit a single dollar and withdraw it as soon as he double his bankroll to 2$.
Someone with a strict budget of gambling with $10, decides to start online gambling after been told by a friend, but on signing up discovers that the minimum deposit accepted is above the amount budgetted for gambling. Does high minimum deposit fees from online casino discourage gamblers who want to stick to a budget and influences them to gamble with bigger amounts? If yes, and that perhaps is a reason behind many other online casinos keeping their minimum deposits as low as $1, Could low minimum deposit be an encouragement for people to come gamble regardless of the money they have to gamble? Does minimum withdrawal encourage players to try again and keep gambling if they don't win up to the minimum withdrawal?
Low minimum deposit and withdrawal may encourage people to gamble or engage into such activity because to most of the things, capital is the problem. If it would be low, it will give them the opportunity to experience or play the games of their interest. I guess, some gambling sites has high minimum deposits to keep the accounts active and to kepp their players. My idea is in line with banks wherein there should be a specific amount in order to withdraw our savings; amount less than that won't do. Another consideration on my perspective is the tax and transaction fees which should be an additional amount to the minimum deposit or withdrawal. These are just guesses so feel free to correct me.But I haven't encountered gambling sites which are requiring that much for the withdrawal and deposit amounts. Maybe it also depends on the platforms or casinos themselves.
I think it is one of the things that factor in with how much you will deposit, but not how much you will gamble in a specific condition. Personally, it’s the fee that I’m worried about. I remember that I had at least $85 or something of an odd number, and I gambled into making it to $100, then thought about the withdrawal fee, then I lost and finally withdrew $50. That’s just how it has affected my gambling.
Does high minimum deposit fees from online casino discourage gamblers who want to stick to a budget and influences them to gamble with bigger amounts? If yes, and that perhaps is a reason behind many other online casinos keeping their minimum deposits as low as $1, Could low minimum deposit be an encouragement for people to come gamble regardless of the money they have to gamble? Does minimum withdrawal encourage players to try again and keep gambling if they don't win up to the minimum withdrawal?
Most casinos don't have deposit fees and you can set the miner fees to very low if the network isn't that hectic. If they plan to bring in more gamblers then lowering the deposit amount is one way to do it since not everyone would be gambling with a lot of money and the same goes for their minimum withdrawal if it's not low enough then their customers would be forced to play or deposit more. I remember getting caught up with this issue back then as the casino I'm playing at suddenly increased their minimum withdrawal by more than $100 out of nowhere while my current balance was below the minimum. Instead of risking my bankroll and potentially losing it all I just made another deposit so I could move all of my balance out from my account and play at another casino that has lower minimum withdrawal. Could low minimum deposit be an encouragement for people to come gamble regardless of the money they have to gamble?
Does minimum withdrawal encourage players to try again and keep gambling if they don't win up to the minimum withdrawal?
Yes, more or less like that to attract more gamblers from all circle of life, the more active customers its better for the future of platform. Obviously like that if the minimum withdrawal is 0.01 btc then the gambler will play to be able to get them, that's why every gambler must first know the minimum withdrawal. I personally always ask about the minimum withdraw if that's a new Casino, because I can only gambling with money which can afford to lose and want to withdraw when already win. Does minimum withdrawal encourage players to try again and keep gambling if they don't win up to the minimum withdrawal?
Someone with a strict budget of gambling with $10, decides to start online gambling after been told by a friend, but on signing up discovers that the minimum deposit accepted is above the amount budgetted for gambling. Does high minimum deposit fees from online casino discourage gamblers who want to stick to a budget and influences them to gamble with bigger amounts? If yes, and that perhaps is a reason behind many other online casinos keeping their minimum deposits as low as $1, Could low minimum deposit be an encouragement for people to come gamble regardless of the money they have to gamble? Does minimum withdrawal encourage players to try again and keep gambling if they don't win up to the minimum withdrawal?
There's no discouragement here. If a user can't afford to meet the minimum deposit required, then don't gamble at all.
There are lots of people who can afford that minimum deposit amount, why the site should adjust for these users who are strict in budget?
It's not with the gambling site but why these persons who have a strict budget will do gambling? If they are really decided to do it, then it's just common that they need to adjust and cross the line of their budgets to pursue gambling.
Someone with a strict budget of gambling with $10, decides to start online gambling after been told by a friend, but on signing up discovers that the minimum deposit accepted is above the amount budgetted for gambling. Does high minimum deposit fees from online casino discourage gamblers who want to stick to a budget and influences them to gamble with bigger amounts? If yes, and that perhaps is a reason behind many other online casinos keeping their minimum deposits as low as $1, Could low minimum deposit be an encouragement for people to come gamble regardless of the money they have to gamble? Does minimum withdrawal encourage players to try again and keep gambling if they don't win up to the minimum withdrawal?
I guess that's the obvious strategy of most online gambling, there is a minimum deposit. And if I'm correct, before you can go on a casino way back, there is this so called show money that you have communicate before you can enter (at least this is what I heard from those OG gamblers).
And maybe this is similar to what this casino's are implementing, you need to have the money, at least bare minimum to play and uses this system. And besides, most casino's charges for withdrawal fee so that $10 will not be enough.
Someone with a strict budget of gambling with $10, decides to start online gambling after been told by a friend, but on signing up discovers that the minimum deposit accepted is above the amount budgetted for gambling. Does high minimum deposit fees from online casino discourage gamblers who want to stick to a budget and influences them to gamble with bigger amounts? If yes, and that perhaps is a reason behind many other online casinos keeping their minimum deposits as low as $1, Could low minimum deposit be an encouragement for people to come gamble regardless of the money they have to gamble? Does minimum withdrawal encourage players to try again and keep gambling if they don't win up to the minimum withdrawal?
I believe that casinos need to at least be able to cover their expenses, which is why I am in favor of a minimum amount for deposits and withdrawals.
We know that some coins have a higher fee than others for blockchain transfer. but the costs to which I am referring are not only those of the network, but also those of the casino itself to keep the site running.
In any case, I believe it would be interesting to lower deposit fees as much as possible and increase withdrawal fees, or limit them as long as the player does not meet certain wagering requirements. Obviously these terms need to be VERY CLEAR BEFORE THE PLAYER MAKES THE DEPOSIT.
Someone with a strict budget of gambling with $10, decides to start online gambling after been told by a friend, but on signing up discovers that the minimum deposit accepted is above the amount budgetted for gambling. Does high minimum deposit fees from online casino discourage gamblers who want to stick to a budget and influences them to gamble with bigger amounts? If yes, and that perhaps is a reason behind many other online casinos keeping their minimum deposits as low as $1, Could low minimum deposit be an encouragement for people to come gamble regardless of the money they have to gamble? Does minimum withdrawal encourage players to try again and keep gambling if they don't win up to the minimum withdrawal?
Whatever the amount that they had set out as their minimum deposit or withdrawal then it would really differ on each site and since its their business then they do have the rights on what numbers they would really beasking out.If you do see that they are having that $10 minimum deposit and then you do have less then its not that hard to hop out on other platform and find out which would suit out your needs or preference
on accepting much lesser deposit.You shouldnt really make yourself that obliged or forcing to increase up the amount just because they arent accepting.If thats only your budget then stick with it.
Dont let these minimum changes would really be pushing you on adding more amounts.There are lots of places which do offer less.
Someone with a strict budget of gambling with $10, decides to start online gambling after been told by a friend, but on signing up discovers that the minimum deposit accepted is above the amount budgetted for gambling. Does high minimum deposit fees from online casino discourage gamblers who want to stick to a budget and influences them to gamble with bigger amounts?
The concept of responsible gambling parallels responsible consumption of alcoholic beverages.
We are more prone to engaging in excess rather than moderation. Its human nature.
Does minimum withdrawal encourage players to try again and keep gambling if they don't win up to the minimum withdrawal?
Minimum deposit/withdrawal isn't something most gamblers will concern themselves with.
Chasing odds is a popular pastime. Losing gamblers will usually engage in comparison shopping to shave every advantage they can on wagers.
Bonuses, incentives and freebies are also popular.
The one area where minimum deposit and withdrawal could really matter is with foreign gamblers. In poor countries where the average wage is $40 a week. Those minimum deposit and withdrawal metrics could make a big difference in the bottom line of aspiring gamblers of those regions.
...
Does high minimum deposit fees from online casino discourage gamblers who want to stick to a budget and influences them to gamble with bigger amounts? If yes, and that perhaps is a reason behind many other online casinos keeping their minimum deposits as low as $1,
The answer depends on the gambler himself.Does high minimum deposit fees from online casino discourage gamblers who want to stick to a budget and influences them to gamble with bigger amounts? If yes, and that perhaps is a reason behind many other online casinos keeping their minimum deposits as low as $1,
Quote
Could low minimum deposit be an encouragement for people to come gamble regardless of the money they have to gamble?
Not really. Low minimum deposit are usually taken advantage when gamblers want to test a platform first before sending bigger amount.Quote
Does minimum withdrawal encourage players to try again and keep gambling if they don't win up to the minimum withdrawal?
They're not encouraged but they are forced to play more. I mean what choice does player have if their balance is below the minimum withdrawable amount? They can try to deposit again so they could meet requirement but most casinos will ask for a minimum rollover.
Sites with higher deposit limits I'd consider to have fewer games and probably older games like more focus on table (poker, dice and blackjack) and less on newer games like slots. Lower deposit sites are probably more entertaining or addicting and encourage users to play because of it (like sites with slots and wheels).
I don't think these do as much to increase initial deposit as deposit bonuses do (or other rewards like wager cashback). Withdrawal limits probably act as more of a barrier to both though but it might make players get into a habit of gambling until their funds are gone rather than withdrawing before they are (the same comes from withdrawal delays too).
I don't think these do as much to increase initial deposit as deposit bonuses do (or other rewards like wager cashback). Withdrawal limits probably act as more of a barrier to both though but it might make players get into a habit of gambling until their funds are gone rather than withdrawing before they are (the same comes from withdrawal delays too).
Someone with a strict budget of gambling with $10, decides to start online gambling after been told by a friend, but on signing up discovers that the minimum deposit accepted is above the amount budgetted for gambling. Does high minimum deposit fees from online casino discourage gamblers who want to stick to a budget and influences them to gamble with bigger amounts? If yes, and that perhaps is a reason behind many other online casinos keeping their minimum deposits as low as $1, Could low minimum deposit be an encouragement for people to come gamble regardless of the money they have to gamble? Does minimum withdrawal encourage players to try again and keep gambling if they don't win up to the minimum withdrawal?
I don't see it as an issue, this is one of the beauty of gambling in crypto and with the crypto casinos. There's no such discrimination if you're a minimum depositor and just casually plays.The low minimum amount of deposit really is encouraging everyone to gamble to any casino and that's why it's easy to play with almost each and every of them.
And not just with minimum in fiat but also in cryptos that they're accepting that's why it's an ease for every customer that they might take.
It is already given, the lower the deposit requirement, the more people are able to play or test their casino platform. Casino need to adjust in this area so that they can cater more players specifically the minnows. Same apply with withdrawal, With lower withdrawal minnows who wanted to pocket their winnings will be satisfied because they are able to withdraw in as little amount as possible.
^For now they do a lot of things that made the gamblers satisfied, made gamblers comfortable and I think that is a goal of the casino to stay their user and keep gamble at that casino. Now I think this withdrawal and deposit are the best important to the gamblers so that they will able to stay. The withdrawal and deposit have nothing to do with the gamblers who want to control themselves. The addiction could rely on your attitude on how to stop your eagerness in gambling which is an addiction. So it always matters to us. Jump to: