Minimum deposit and minimum withdrawal. - page 6.

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Quote from: Queentoshi on November 02, 2022, 05:24:35 PM

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?

Coming from a third-world country, $1 is already a big amount it's equivalent to 2 lottery tickets here and you still have $0.20 change I consider the $1 deposit as a good consideration for people coming from a third-world country, for $1 they can test the
the site, but there should be a minimum threshold to withdraw, or there will be congestion if they will allow no minimum withdrawal.

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Quote from: lienfaye on November 06, 2022, 05:15:49 AM

This already depends on the gamblers. Low minimum deposit and withdrawal are attractive specially for average gamblers because it's convenient. It is also ideal if they want to try first the casino before making a big deposit. Anyhow, it's best to gamble using your spare money, don't try hard to reach the minimum deposit/withdrawal of the casino since there are many options out there.

This can be convenient for average players, and according to statistics, it is these players who make the main turnover of funds, this is not necessarily the case, but basically it happens. The minimum deposit is rarely used for testing, for this you can look at the reviews and read what they write about this casino. The minimum withdrawal is also a very handy feature, I think that many pay attention to it.

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Quote from: Queentoshi on November 02, 2022, 05:24:35 PM

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?

Well, I dont think so. Casinos have their set rules for deposit/withdrawal and it's not to influence the gamblers to increase their budget. Usually, the minimum deposit and withdrawal of casinos are reasonable. If your budget is low or you can't afford the minimum of the particular casino then you can always look for other casinos that is appropriate for your budget.

Quote from: Queentoshi on November 02, 2022, 05:24:35 PM

Could low minimum deposit be an encouragement for people to come gamble regardless of the money they have to gamble?

This already depends on the gamblers. Low minimum deposit and withdrawal are attractive specially for average gamblers because it's convenient. It is also ideal if they want to try first the casino before making a big deposit. Anyhow, it's best to gamble using your spare money, don't try hard to reach the minimum deposit/withdrawal of the casino since there are many options out there.

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Quote from: chaser15 on November 05, 2022, 03:44:43 PM

Quote from: EarnOnVictor on November 05, 2022, 03:30:44 AM

However, I totally dislike the aspect of limiting withdrawals, one should be able to withdraw lesser than $1 if possible.

Even fiat casinos have a minimum withdrawal amount.

I don't see why gambling sites should allow less than or around $1 as a minimum withdrawal.

Even stablecoin transfer has network fees, how that $1 or lower can be accommodated? Gamblers should already know and understand that there's always a minimum withdrawal amount but as long as it's not that high, that should be fine.

I guess you should learn how to decode figures of speech, or perhaps you should read what I wrote with understanding before replying. What is crucial in my post was for casinos to abolish the minimum withdrawal restrictions, even if it could go below $1, I don't care. If you are defending casinos in this regard, what about forex brokers that are allowing a withdrawal as low as $1? Of course, you would have calculated your fees with it, which is way better than depriving me of an amount lower than $5 even if I am so in need of money.

Some have lost their little money in quest of trying to meet casino requirements, this is ill to me.

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Quote from: Queentoshi on November 02, 2022, 05:24:35 PM

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'm one of these guys who deposited a small amount to test the site and if it's worth playing, I believe that there are lucky casinos where you can win more than the others I know that its a game of luck but they do exist when you are comfortable in one casino you can make a good decision for you to accumulate wins, having a minimum deposit of as low as $1 can help casinos to grow their members and they cater to all types of gamblers, but of course, it's not the only factor.

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Quote from: noormcs5 on November 05, 2022, 04:00:58 PM

First of all, if someone has only 10$, he should not gamble. Gambling should always be done with the extra money which you can afford to lose. If anyone has only 10$ for gamble, this means he is a sort of person who is living hand to mouth, and he should not spend this amount in gambling.

I'm not assuming that a person budgets $10 to gamble doesn't mean he can't afford to budget $100/day to gamble, but I'm quoting if he budgets a minimum because it's not to bet on big wins but just for entertainment, so we have different criteria in gambling and we are free to argue if someone has a different perspective from the above explanation. I will attach a link listing some casinos with a detailed description of the minimum deposit and you should check the reputation of the casino first before depositing into the casino account, here is the link 25 Best Bitcoin Gambling Sites – Compare Crypto Gambling Sites

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Quote from: TimeTeller on November 04, 2022, 03:42:47 PM

Quote from: Hispo on November 04, 2022, 03:22:39 PM

-snip-

It is a fact that whatever the situation is, there will always be gamblers.
As we have seen, during the pandemic, that's when online casinos boosted their presence.
Because people were stuck at homes and some are looking for activities to do.
In this case, we can see that despite of the crisis that humanity is facing with, there will always be gamblers who will play.
And so, the minimum amount in deposit or withdrawal is important for these people, just to get by with their gambling desires.

Yes, I agree with you.
Ironically, those who did not gamble on an casino during the beginning of the pandemic, moved on their computer to gamble on exchanges using over-leveraged positions to try to make some money, added to the typical shitcoinery, throwing money to food tokens and dog coins. In my opinion, that was not trading, but pure gambling.

Also, the fact there are crypto currencies which allow us to move quantities of money as low as 0,1$ with minimal fees (Litecoin, Monero, Dash, ect) goes very well with online casinos, sometimes It can be even easier than a bank transfer and Paypal fees are not competitive, depending on the context.

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Quote from: Queentoshi on November 02, 2022, 05:24:35 PM

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?

OP where are you?

No casino forces any player to do anything, everything you do is assumed to be of your own volition.

I like casinos that give you the right to bet a 1 SAT. There are not many but there are, then what if they abound are those of 100 SAT and 1000 SAT. The latter approximately have values of $.02 and $0.2, these are minimum frecuently amounts of traditional casinos.

Now, it is why there are deposits of $1 in its equivalence in certain tokens, because there are bets of 0.00000001 on some games crypto, and usually this games have FP.

So just look for the crypto casino that suits your bankroll. Or deposit.

noormcs5

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Quote from: Queentoshi on November 02, 2022, 05:24:35 PM

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?

First of all, if someone has only 10$, he should not gamble. Gambling should always be done with the extra money which you can afford to lose. If anyone has only 10$ for gamble, this means he is a sort of person who is living hand to mouth, and he should not spend this amount in gambling.

Yeah, he can take risk and win big with this 10$, but usually this does not happen. There is only 1% chance of this happening and for sure, he can only try with 10$ where the site will accept this little amount. Some site will never accept this small money and they will set the minimum deposit limit which is usually greater than 10 bucks.

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Quote from: EarnOnVictor on November 05, 2022, 03:30:44 AM

However, I totally dislike the aspect of limiting withdrawals, one should be able to withdraw lesser than $1 if possible.

Even fiat casinos have a minimum withdrawal amount.

I don't see why gambling sites should allow less than or around $1 as a minimum withdrawal.

Even stablecoin transfer has network fees, how that $1 or lower can be accommodated? Gamblers should already know and understand that there's always a minimum withdrawal amount but as long as it's not that high, that should be fine.

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Quote from: darkangel11 on November 05, 2022, 03:28:17 PM

Quote from: dothebeats on November 05, 2022, 06:00:35 AM

A thrifty gambler who is only after the experience would probably just move on and go on to another casino and not get more money than they originally allotted. I only gamble $20 a week on dice and I never expect to even make a withdrawal anyway, so any casino that accepts that amount I gladly use them. I can see the reason why there needs to be a minimum withdrawal amount for casinos, but on the deposit I just can't figure out why there needs to be a minimum. If it's a crypto casino, it might be that the platform is preventing dust inputs but apart from that, not a lot of good reasons, really.

You're right. Limiting people is stupid and it's going to have a negative effect on casinos popularity. OP asked if it could make people spend more. In an ideal situation where this casino has monopoly in a certain area it probably would but I still wouldn't recommend it being a manager of such casino because this could turn people away, people who can in time become VIP clients. You never know who a person will be in 10 years so the fact that they have $10 and want to play a round of blackjack here and now doesn't mean that in a year they won't return with 1k. You should never discourage customers if you want your business to prosper.
In the Internet where this guy can choose 10 other casinos that have no limits, why should he try to deposit more just to stay at your casino?

With soo much option then it wouldnt really be that hard to find another place which we would really be that comfortable with.As a business owner then you should always be that considerate on not to
impose high limitation or restriction on which it could be the main cause for people to flock away on your site and would be ending up on staying into other platforms which it wouldnt really be that
good for the business.You cant really be that too confident that they wouldnt really be doing so.Its true that there are gamblers who do really make use of small amounts which might not able
to pass up on others minimum deposit and then that user would certainly be finding the place on where he suits up.

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Quote from: dothebeats on November 05, 2022, 06:00:35 AM

A thrifty gambler who is only after the experience would probably just move on and go on to another casino and not get more money than they originally allotted. I only gamble $20 a week on dice and I never expect to even make a withdrawal anyway, so any casino that accepts that amount I gladly use them. I can see the reason why there needs to be a minimum withdrawal amount for casinos, but on the deposit I just can't figure out why there needs to be a minimum. If it's a crypto casino, it might be that the platform is preventing dust inputs but apart from that, not a lot of good reasons, really.

You're right. Limiting people is stupid and it's going to have a negative effect on casinos popularity. OP asked if it could make people spend more. In an ideal situation where this casino has monopoly in a certain area it probably would but I still wouldn't recommend it being a manager of such casino because this could turn people away, people who can in time become VIP clients. You never know who a person will be in 10 years so the fact that they have $10 and want to play a round of blackjack here and now doesn't mean that in a year they won't return with 1k. You should never discourage customers if you want your business to prosper.
In the Internet where this guy can choose 10 other casinos that have no limits, why should he try to deposit more just to stay at your casino?

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Quote from: Queentoshi on November 02, 2022, 05:24:35 PM

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?

For us who gamble with small amount, yes it is discouraging. So far I haven't crossed a site like that but all the sites that I visited and play have no minimum deposit. I am okay if a site has a 1 dollar minimum deposit. That was still a reasonable amount for a small gambler and I don't think there are people who gamble lower than that. That is not enjoyable anymore and it will just run out so fast.

If ever you win, you won't feel that you are winning because the profit that you can get is very small due that small bet you placed. If the minimum withdrawal is high, then same impression is going to be felt. Small gamblers are forced to continue until they hit the threshold but sometimes they will lose during this process.

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Quote from: Queentoshi on November 02, 2022, 05:24:35 PM

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 think that in casinos there should be no restrictions such as minimum deposits and minimum withdrawals, I agree that they have to charge the withdrawal fee, but put minimum deposit and minimum withdrawal rules and something could take this rule away, sometimes the person wins 2$ with a lot of joy the person gets the expectation of wanting to spend the 2$ buying anything they can, but they come across something like: "minimum withdrawal is 5$" and then the person continues playing and loses all 2$, that person can get irritated and re-deposit to play for revenge thinking he will win and recover the loss of 2$ and again he will lose everything, and that is how gambling addicts are born. should remove this minimum withdrawal rule

Quote from: dothebeats on November 05, 2022, 06:00:35 AM

I only gamble $20 a week on dice and I never expect to even make a withdrawal anyway

I also only bet 20$, but when I get some profit with the 20$ I increase the value of my bet, but I also always put it in my head that from the moment I put 20$ in the game, it's already a lost money

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A thrifty gambler who is only after the experience would probably just move on and go on to another casino and not get more money than they originally allotted. I only gamble $20 a week on dice and I never expect to even make a withdrawal anyway, so any casino that accepts that amount I gladly use them. I can see the reason why there needs to be a minimum withdrawal amount for casinos, but on the deposit I just can't figure out why there needs to be a minimum. If it's a crypto casino, it might be that the platform is preventing dust inputs but apart from that, not a lot of good reasons, really.

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Quote from: piebeyb on November 05, 2022, 01:45:40 AM

Quote from: Poker Player on November 04, 2022, 11:54:03 AM

I agree. Who wants to deposit $1 or less in a gambling site? Even if the minimum bet is one satoshi. When you win you won't win anything.

there are 2 possibilities when people make a small deposit of around $1, first they just want to have fun and don't aim to make money, spend time betting there for example playing dice roll games until they get bored, secondly they just want to test the casino site they play is fraudulent or not so he put it to the test by making a small deposit

Maybe they want to research the site, especially if the casino site they want to use is recently launched. But if the casino site has been operating for a long time, it is a bit strange to see someone only depositing $1 because he can only gamble for a few spins, maybe less than 10 spins if we assume one spin has a minimum bet of $0.2.

But if he deposited $5, it might still be reasonable because, with $5, he could gamble and spend all his money at once. Using $10 to make a deposit is a common practice among gamblers and many casinos have a minimum deposit limit of $10.

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Quote from: piebeyb on November 05, 2022, 01:45:40 AM

Quote from: Poker Player on November 04, 2022, 11:54:03 AM

I agree. Who wants to deposit $1 or less in a gambling site? Even if the minimum bet is one satoshi. When you win you won't win anything.

there are 2 possibilities when people make a small deposit of around $1, first they just want to have fun and don't aim to make money, spend time betting there for example playing dice roll games until they get bored, secondly they just want to test the casino site they play is fraudulent or not so he put it to the test by making a small deposit

There is 1 other possibility which it to play cent per bet to hunt huge multiplier. Remember that there are some games where you can hit millions multiplier so a cent can be something big once you hit such huge multiplier. A game like limbo can hit up to 1,000,000x while mines can be more than 5,000,000x so a lucky cent bet can be ten grands or 50 grands.

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Limiting gamblers to a certain amount with both deposits and withdrawals is bad to me, yet some casinos have their reasons for doing that which we have to consider before choosing them. Good service is my top priority in gambling, and any casino that could offer a minimum deposit of $10 is still okay. Nonetheless, alternatives are out there if that is too much for anyone, except that the integrity of the casino should be well considered first.

However, I totally dislike the aspect of limiting withdrawals, one should be able to withdraw lesser than $1 if possible.

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Quote from: Peanutswar on November 02, 2022, 05:32:18 PM

I guess because by this it is letting the gambler plays more game because if you make a deposit with one dollar only do you think the gambler makes fun of playing with it? I guess no that's why the minimum most likely is at least 10 dollars to have a better chance of playing more games and enjoying. But some of the casino today now already included in their terms and condition that they don't have a minimum deposit. Last I've seen like this is the blackjack.fun

Gambling is a fun and if one wants to enjoy this fun then he can do it with any amount as minimum one can do with any amount to catch the bat but if one wants to get it better feel then he has to deposit more than 10 dollars because its Through this he can play a fairly good game and he can gamble for a long time with this amount if he gambles using 1-2% for each try from his deposit amount . And for withdrawing he can withdraw according to the rules and regulations of the platform on which he is gambling and they will have minimum requirements ,op should follow that requerment

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Quote from: STT on November 05, 2022, 02:18:55 AM

Anyone really low budget might have to wait a few months and save up the amount required to play as a minimum required. I dont see it as a negative especially because if you really have no capital in the world to spare, its not that advisable to be gambling so perhaps the bar is best for either of the parties concerned. Some thought before action is often advisable, I wouldnt really call this any discrimination or unfair obstacle.

I think they will prefer to buy drinks and snacks instead of playing casino for small money, it means a lot for them to survive rather than throw it there, it should not be recommended that people who have little income play gambling let alone just want to find luck of course, it won't get anything and just a waste of time, but if they want to keep playing please play because nothing is forbidden in gambling anyone can play there, it's just a suggestion not discrimination

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