Minimum deposit and minimum withdrawal. - page 8.

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Quote from: piebeyb on November 03, 2022, 10:50:48 AM

actually people are more interested in deposit bonuses and promos than looking at the minimum deposit amount, anyways if you make a deposit of $ 1 I think it's too little to play and have fun on a gambling site, at least $ 5 to $ 20 is too small in my opinion to deposit and play at gambling sites, especially if there are many games that can be played together it might be better to make a deposit of more than $ 1 because it can also make us get satisfaction in playing as well as getting a deposit promo bonus

$1 for a minimum will not feel like playing while we are in the fun of wanting to play more so how can $1 or $5 be enough to play let alone expect a profit then I don't think it's possible, still in casino games if you want to feel like playing is a $20 deposit though there are many who do it below, but I agree with you because I prefer the promos and cashback that the casino gives over the minimum deposit or withdrawal.

Usually, a new user will try to deposit the minimum possible but once he feels comfortable it is not possible to deposit back with the minimum definitely a little more than that.

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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? If yes, and that perhaps is a reason behind many other online casinos keeping their minimum deposits as low as $1,

That's not the reason why the minimum deposit is low. It doesn't just make sense to set up a high minimum deposit. Besides, it's not recommended to make a low deposit, for example, $10 as we might end up paying more fees compared to the deposit amount. Aside from that, if the budget is only $10, better not to try gambling.

The best way to gamble on that amount is, try to find a local online gambling site.

eightdots

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If the purpose of the gambling site is to attract more customers, the gambling site can set the lowest amount it wants. But if the target is just a target above a certain amount then it can increase the lowest amount. From what I've seen, many aim to attract more people to their sites. It's better for 2000 people to deposit $2 than 200 people to deposit $20. It would be an excellent business if even half of those 2,000 people decided to reinvest. Withdrawing money is another matter. Because there must be a certain deduction for the amount he wants to withdraw. Since there is an interruption, a lower limit must be set.

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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?

Most of the time, the reason why gambling sites has a minimum deposit is mostly because of the transaction fees especially on bitcoin. This is also the same with withdrawal limit. I don't really think that this will affect any gamblers as most of them are gambling higher than those limits set by the casino.

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

Quote from: piebeyb on November 03, 2022, 10:50:48 AM

actually people are more interested in deposit bonuses and promos than looking at the minimum deposit amount, anyways if you make a deposit of $ 1 I think it's too little to play and have fun on a gambling site, at least $ 5 to $ 20 is too small in my opinion to deposit and play at gambling sites,

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.

I don't really think that a 1$ is wrong in essence. I seldomly try to gamble with just that amount when I've already lost all my allocated gambling funds and yet I was able to enjoy my gambling session with that amount. There are some gambling platforms that offers other crypto which is why the amount isn't that much affected by the amount I've deposited, and I mostly use it to gamble on dice games and sometimes I was able to make it up to 10-100$.

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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?

It's just that the example you give doesn't apply to cryptocurrency casinos, which usually have lower deposit limits than that. In fiat casinos I'm not sure, I would say that in Pokerstars and other Poker rooms, the minimum deposit is $10. And what you say about the fees doesn't make sense, as I see you have been told.

Quote from: piebeyb on November 03, 2022, 10:50:48 AM

actually people are more interested in deposit bonuses and promos than looking at the minimum deposit amount, anyways if you make a deposit of $ 1 I think it's too little to play and have fun on a gambling site, at least $ 5 to $ 20 is too small in my opinion to deposit and play at gambling sites,

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.

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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?

It's not the deposit fees that discourages the gambler, it's about casinos that doesn't pay much attention to be more scalable or on the gambler as well that doesn't research on where to gamble and has lack of education or technicalities to find an alternative. There are plenty of options so that you won't have to pay these hectic fees if you choose to deposit altcoins instead of BTC and ETH alone. If you want to gamble and know the minimum withdrawal required then why gamble that you'll lose it to the minimum withdrawal? It's more of a discouragement I guess.

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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?

A low minimum deposit is an advantage for gambling sites because this enables the user to give the site a try with low amounts.
For example if I find about about a particular gambling site and the deposit amount is low then I can surely think of trying it out since the deposit amount is low.
On the other hand if the minimum deposit is high then I might consider ignoring to try the website.
Thus a minimum deposit acts as a catalyst to increasing the number of site users.

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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?

Ahmmm, let's put it this way. If the minimum amount to be deposit is $1 is it worth it? consider the transfer fee from your wallet to the gambling site, also be realistic can you really make your $1 to hundred to hundreds to thousands? what if you lose then you will need to deposit again and another tx fee for that, so I think they require higher amount to be deposit so that people can enjoy playing for numerous time rather than having a $1 and stop playing.

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Quote from: Mr. Magkaisa on November 03, 2022, 10:06:58 PM

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?

- As far as I know, in most crypto gambling their minimum deposit is 10$ and above. And this amount of 10$ is indeed a strong incentive for gamblers to enter their gambling platform.

But when it comes to the minimum withdrawal, the minimum amount that can be withdrawn is 15$ and when the player withdraws a large amount, they ask him for requirements to submit KYC before they allow him to withdraw a large amount.

Even some casinos have a minimum deposit of under $10 so they don't worry if their budget exceeds the limit. But I guess maybe gamblers can also accept a minimum deposit of $10 and that's okay with them.

And if a casino can use minimum withdrawal, perhaps it could encourage gamblers to try to reach the minimum withdrawal limit so they can withdraw their winnings. That means the casino can take their profits because many people will lose their money behind the winners.

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Quote from: Mr. Magkaisa on November 03, 2022, 10:06:58 PM

But when it comes to the minimum withdrawal, the minimum amount that can be withdrawn is 15$ and when the player withdraws a large amount, they ask him for requirements to submit KYC before they allow him to withdraw a large amount.

I feel like KYC would be one of the last things that small gamblers would worry about because it's so rare for most gamblers to win so much from a small bankroll that it gets to the point of needing to submit your personal info. Then again, those kinds of rules are becoming so common in most crypto casinos that you have no choice but to comply only if you manage to go above their threshold which is around the thousands based from one of the casinos i've been playing at.

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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?

- As far as I know, in most crypto gambling their minimum deposit is 10$ and above. And this amount of 10$ is indeed a strong incentive for gamblers to enter their gambling platform.

But when it comes to the minimum withdrawal, the minimum amount that can be withdrawn is 15$ and when the player withdraws a large amount, they ask him for requirements to submit KYC before they allow him to withdraw a large amount.

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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?

Having low minimum deposit entries and low minimum withdrawal amounts could be a good strategy for players to keep coming back to the casino IMO. Casinos rely on players that do not know when to stop gambling and end up losing to have a profit, so minimum deposit entries would encourage losing players to keep coming back. On the other hand, casinos can also have minimum withdrawal amounts and still charge a fee for withdrawal. This way, they can also find a way to discourage withdrawals while also taking some profit out of it.

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

Does minimum withdrawal encourage players to try again and keep gambling if they don't win up to the minimum withdrawal?

Yes, the same with the minimum deposit.
If from the start, I've seen the deposit and withdrawal to be that high. It will only be a one-time take for me and I'll never go back to that casino if they've got high in those two things.
Most of us want to have those withdrawals to be quick and easy, without any problem, and always have to be smooth. Take it from the usual gamblers, we all want those features to be approving for all of us.

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I think gambling sites with little minimum deposit always encourage people to gamble, sometimes you might be having just little amount and you will want to gamble, if the minimum deposit amount is too high then you will be discouraged because you won't be able to gamble, but if the minimum deposit is kind of low you will definitely be able to deposit and play your game, so people will always prefer to use gambling sites with little minimum deposit compare to the once that set their minimum deposit to be high, because even with the little amount you are having you will be able to gamble. For example if you are having $15 with you and you feel like gambling and the minimum amount you can deposit is $20, you will definitely be disappointed, but let's assume their is a gambling site that the minimum deposit is $1 and your budget is just $2, with the low minimum deposit you will be able to gamble, and whenever you are having huge amounts to gamble with, you will prefer to use the one with low minimum deposit because you are use to it.

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Quote from: btc_angela on November 03, 2022, 03:40:08 PM

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?

1. Probably this is another reason why we need to read ToS first before depositing.
2. For some though, $10-$50 is not that big an amount to start to gamble and get a feel on crypto base casinos
3. For me, It would not be a disadvantage, once you deposited, you can play as low as $.1 or less in any games you want
4. Regardless of what is the reason why they gamble, I don't think any of this will be an issues (deposit/withdrawal)

I guess if you are really on a strict budget or something, I don't think that gambling will be your priority. You can used that money to other things like buying food to bring it to the table for your family, just saying.

Even if you do say that $10-50 isnt a big amount but there are people who do live on certain countries which these amounts are already big and thats why they would be normally be having these kind of
reactions or complaints in regarding about minimum deposit for you to be able to play.Its true that once you do make out deposit then games offered does have usually that smallest bet size amount
which you would only face up problems when you do intend to make a deposit but since not all could afford that then its safe to say that gambling isnt really just for you to deal off with but
i do agree on some been saying that we do have lots of options and choices we could have on this market which it would be just fine on looking for another place.

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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?

1. Probably this is another reason why we need to read ToS first before depositing.
2. For some though, $10-$50 is not that big an amount to start to gamble and get a feel on crypto base casinos
3. For me, It would not be a disadvantage, once you deposited, you can play as low as $.1 or less in any games you want
4. Regardless of what is the reason why they gamble, I don't think any of this will be an issues (deposit/withdrawal)

I guess if you are really on a strict budget or something, I don't think that gambling will be your priority. You can used that money to other things like buying food to bring it to the table for your family, just saying.

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I think the high minimum is not that high as per the demographic of people whom the casino is usually accessible to. So if a person wants to gamble they would likely up their ante from 10$ to 100$ easily, because they are in it for the "fun" and "entertainment" aspect of it. One would think, would someone do so much as to sign up on a casino and then stop at the signboard of 100$ minimum deposit? They would not.

I think this does not discourage players, rather instills in them a sense that this casino is only for the grown ups or the rich people. so that the person reading it thinks that they are also rich and they can also afford to play in the casino.

Of course those who understand how a casino makes money, would never be swayed by such emotions.

ginsan

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it depends on every rule imposed by each gambling site. but basically if the gambler is active in slot games of course $10 is not enough for them to bet. slot gambling may require more capital because let's say to buy FS with a small bet it takes $20 and I think they will deposit more $50 to play slot gambling. but yes the minimum rule is not a big benchmark for every active gambler to encourage them to gamble with smaller bets and it is likely that novice gamblers pay attention to every level of withdrawal and deposit. As far as I know this is not a big problem for gambling sites because these rules are always changing if the site enforces new rules for deposits and withdrawals.

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Quote from: Reid on November 03, 2022, 12:28:13 PM

The thing about lowering the minimum withdrawal is it's the gambler who will be hurting himself. Imagine going out with $10 and having a transaction fee of $2. That's 20 percent loss which could've been played more and maybe winning more.
The minimum deposit though is a different scenario. I agree by lowering those amounts because there's really no fees behind it, or if there's some it's from cryptocurrencies only because of the blockchain fees. It will definitely encourage more players because it's giving them a chance to hit the jackpot if they are playing high risk type of games.

but the withdrawal is up to the player himself, if he wants to withdraw his money bearing those tx fees. at least he has the chance to get out his money if he needs to. in terms of min deposit, small time players are getting the benefits of it especially if they want to try some games on the site. or they want to try a new casino without bothering that they can't get their money back, hence, using small funds.

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Quote from: panjul07 on November 03, 2022, 12:22:51 PM

Quote from: piebeyb on November 03, 2022, 12:16:01 PM

Quote from: madnessteat on November 03, 2022, 11:52:55 AM

Quote from: piebeyb on November 03, 2022, 10:50:48 AM

actually people are more interested in deposit bonuses and promos than looking at the minimum deposit amount, anyways if you make a deposit of $ 1 I think it's too little to play and have fun on a gambling site, at least $ 5 to $ 20 is too small in my opinion to deposit and play at gambling sites, especially if there are many games that can be played together it might be better to make a deposit of more than $ 1 because it can also make us get satisfaction in playing as well as getting a deposit promo bonus

In some countries, the average daily wage is not more than $1. And in order not to infringe the rights of these people casinos could accept a deposit of $1-5. Many casinos don't do this because of marketing purposes, but personally my opinion is that lowering the minimum possible deposit and bet will attract more new users.

Although I am actually against gambling for people with so little income.

that's why i say to find fun in casino gambling $1 will not be enough let alone to make a fortune from that small capital even though the minimum deposit of each casino is also low, people who have low incomes I don't think will want to spend their money in casinos because they realize it's better to buy necessities of life than playing in casinos, I think people who want to play with low deposits because they just want to find fun too and luck of course they have income that is also not low

That's for people who have wise mindset, but in fact there are many poor people want to be rich as fast as possible by doing gambling.
Talk about finding fun in casino, it is not about how much you are going to spend but it is more about how will you spend your money.
Even if you can spend hundred-thousands dollar, you may not find the fun if you cant manage yourself.
One more thing, I dont agree with you that people are more interested in deposit bonuses, smart people wont be interested with it.

it would be wiser if people wanted to get rich quick become a bookie it would make money every time instead of being a gambler, even though there are gamblers who are rich there are only a few people and that's not much we see in this forum, sometimes I always manage some money to play never play with big stakes, I say looking for fun doesn't mean we just throw money away, use free time and play wisely with small bets experimenting with playing techniques in the game we want

The bonus issue is usually just a sweetener for additional bets in playing, but not everyone also sees that as a gambling goal Wink

Topic: Minimum deposit and minimum withdrawal. - page 8. (Read 1633 times)