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.
Topic: Minimum deposit and minimum withdrawal. - page 9. (Read 1673 times)
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 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.
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.
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.
Someone with a strict budget of gambling with $10, decides to start online gambling after being told by a friend, but on signing up discovers that the minimum deposit accepted is above the amount budgeted 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 a 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 lower minimum deposit and withdrawal amount will be an advantage to small-time gamblers who seek fun and entertainment. It matters to them and that's the reason why there are already lots of casino sites that offer lower deposit amounts so those who are budgeted beginning funds could enjoy and try out their site easily. It will also be a good strategy to attract and keep more players on their site.
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
I am against minimum deposit and withdrawal. All people are different. Everyone have different earnings, everyone can afford different amount to bet or to lose. So why limit a person from doing what he wants. Minimum deposit amount is what I cant understand. With that amount, the casino wants to show that they are on a higher level than some specific person's class ? This is a sign of no respect imo. it it close to not letting a person in cheap clothes in expensive boutique. Today he is dressed like that, tomorrow he will be wearing most expensive brands and passes by that shop. Make no deposit limits, but make tables with different limits, if you want to divide poor, average and rich gamblers.
I agree with you, but many casino owners use this marketing ploy to increase casino profits so that users lose more money, because we all know how hard it is to stop sometimes. That is why I do not keep money on my casino balance and make a deposit only before the gaming session. After all, even if I want to deposit more money I may have time to change my mind to play, and when they are already on the deposit it is much easier to continue the game.
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?
In fact, online casinos in deposit or withdrawal features are definitely different, it's points, be it minimum or maximum, one side of the deposit and withdrawal has an effect on users in making bets, regardless of the user's main goal.In some ways, many people want to register on online gambling sites the main goal is just to win, such people don't care about their deposits or withdrawals, the goal is only to gamble and bet until they win, there are also other things and thoughts, everyone's minimum and maximum are taken into account, it's people gambling just for fun to win and kalan is not the main thing for them.
Conclusion: minimum and maximum deposits and withdrawals, it all greatly affects the gambler himself, I mean the main goal, the main goal of wanting to gamble is a motivating factor for those who want to register and gamble.
This is a trap that used to be more prominent and you can still find it in another sector - exchanges, but it has generally been squeezed out of gambling sites. They are fully aware that such fees and conditions put off people, so will make every effort to minimize them. There is so much competition in the market that gamblers would simply move along to the next one or get burned never to return again - it's really bad for business in that sense.
Actually, the problem of high or low minimum deposits on gambling is not a trap. This is a service that same as other service. Regarding people who are stuck with deposits that are higher than the minimum or even because they are eager to win when they lose and making them doing more deposit, it is not because of the deposit feature but because of a lack of control from themselves. When someone has good money management and good control, he will have his own limitations when making a deposit. so, as not to exceed the budget he has, he can do a deposit as he wants no matter the deposit feature from the gambling site.
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?
This is a trap that used to be more prominent and you can still find it in another sector - exchanges, but it has generally been squeezed out of gambling sites. They are fully aware that such fees and conditions put off people, so will make every effort to minimize them. There is so much competition in the market that gamblers would simply move along to the next one or get burned never to return again - it's really bad for business in that sense.
I am against minimum deposit and withdrawal. All people are different. Everyone have different earnings, everyone can afford different amount to bet or to lose. So why limit a person from doing what he wants. Minimum deposit amount is what I cant understand. With that amount, the casino wants to show that they are on a higher level than some specific person's class ? This is a sign of no respect imo. it it close to not letting a person in cheap clothes in expensive boutique. Today he is dressed like that, tomorrow he will be wearing most expensive brands and passes by that shop. Make no deposit limits, but make tables with different limits, if you want to divide poor, average and rich gamblers.
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?
Usually 10 dollars is enough for most of the reputable casinos at least in the crypto world,where the minimum deposit usually is 0.0005 Bitcoin or equivalent to 10 dollars,if that person then plays with another coin like Litecoin for example he can even start playing for even less,usually the big reputable casinos do not restrict you when depositing or withdrawing although some of them may have a higher minimum withdrawal amount like 0.001-0.002 Bitcoin and this can be a hindrance to people playing with little money.Most of the cases however when you play with Litecoin or other altcoins you will not suffer of such things in 99.99% of the reputable casinos.
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?
Yes, the high depositing fee will always discourage gamblers who are whales. I believe the idea of every ordinary gambler is to put their buzz in control and to achieve they must not spend beyond their budget.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?
I believe the casino team/owner understands that starting the game is easy and hard to live when enjoying the game.Does minimum withdrawal encourage players to try again and keep gambling if they don't win up to the minimum withdrawal?
It depend but one I am sure of is that every online gambler like easy access to their fund no matter how small it may be.
Of course, the lower the deposit requirements, the more accessible the gambling platform is for more ordinary players. For those who want to play with a larger entry amount, this is also not a problem, the main thing here is not the deposit amount, but the fee for the transactions themselves, and this can really be a reason to abandon the game.
At first it is a bit confusing when you write "deposit fees" while it should not be related to fee but it is all about minimum deposit. Back to main topic, minimum deposit does affect the interest from players. Low minimum deposit and low minimum withdrawal has better chance to attract players as players do not need to have big amount of money to gamble. Coming up to minimum withdrawal, players should aware about it before they start or decide to deposit. If they think that the minimum withdrawal is too big for them, better to find other alternative casinos with lower minimum withdrawal. Of course when you did not notice about it, there is nothing you can do except keep playing until you meet the minimum withdrawal.
There are some casinos that are not supporting crypto deposit and withdrawal and foreign, these are the type of casinos that do have high minimum withdraw. I have used many local casinos and foreign crypto casinos that support coins like USDT on Tron blockchain, they all have low minimum withdrawal. You are not wrong, it is good to carefully read the terms and conditions of a gambling site before making use of the gambling site at all, from there the minimum deposit and withdrawal is going to be included. hero member
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If a person finds that his minimum deposit is over budget for gambling, he should look for other casino sites with the lowest minimum deposit so that it does not exceed his budget. The minimum deposit fee is usually a problem for gamblers. Fortunately, many casinos have lots of coins that can be used as a minimum deposit so it will not be difficult for gamblers to choose the coins. Many casinos may apply a minimum deposit of $1 or even $10 and it will be up to the gambler to stick with that casino or look for another casino. As for the minimum withdrawal, I think it depends on how much winning money each gambler can get because their win rates will also vary.
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?
At first it is a bit confusing when you write "deposit fees" while it should not be related to fee but it is all about minimum deposit. Back to main topic, minimum deposit does affect the interest from players. Low minimum deposit and low minimum withdrawal has better chance to attract players as players do not need to have big amount of money to gamble. Coming up to minimum withdrawal, players should aware about it before they start or decide to deposit. If they think that the minimum withdrawal is too big for them, better to find other alternative casinos with lower minimum withdrawal. Of course when you did not notice about it, there is nothing you can do except keep playing until you meet 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 $1, Could low minimum deposit be an encouragement for people to come gamble regardless of the money they have to gamble? Does minimum withdrawal encourage players to try again and keep gambling if they don't win up to the minimum withdrawal?
Whenever a gambler has to select a gambling site, some things have to be taken carefully. One of them is to know about the money deposit ৃand withdraw condition on the platform. There are many casinos and gambling platforms where they have fixed a minimum deposit and withdraw amount. Currently in the gambling platforms there are lot of competitions, gambling company offers various benefits. Just keep in mind if a casino or gambling company continues a large minimum deposit and withdraw restriction, some gamblers will be discouraged. It is up to each casino to adopt the strategy they wish regards deposits and withdrawals values and limits, but I guess a casino can profit much more if they give freedom to gamblers on this matter. If a gambler wants to deposit just a dollar, let him do this. It's much better to have 1000 customers depositing 1$ 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$.
Totally agree with everything written on this.
Personally, I also like a platform if there's no specific amount you'll have to deposit to be able to play. And if ever there would be any, it always helps to accept a low deposit amount from the players. Because this just showcase inclusivity. You can cater a small time bettor and big bettor both at the same time which will eventually lead you to profit more since you gave the players the fluidity on how much they can deposit. If a player is a newbie, it will be too much to deposit a $100 for just testing the waters. Hence, giving this option of deposit will really encourage more players to play and try your site.
On the other hand, indeed, it will be not applicable on the withdrawal process because if this will be going to applied, there's a chance that the casino won't profit anymore. Setting a minimum amount for withdrawal is justifiable for me. The processing fee the moment you withdraw should be considered. Just like you said, a player shouldn't deposit the minimum amount then easily withdraw the moment he deemed necessary because he already won. There must be a specific withdrawable amount so the casino should profit from them in playing and bettiing. After all, gambling casinos are still a business, not a charity institution where you can just grow your fund giving them nothing in return.
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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?
As you have already been answered, the deposit fees you are talking about do not exist. I am one of those who usually make small deposits, between 10 or 20 USD a week at most. Therefore, the following is an unfounded assumption.
Regarding the other point you make:
Does minimum withdrawal encourage players to try again and keep gambling if they don't win up to the minimum withdrawal?
Well, of course, after all, when you gamble, apart from being entertained, what you would like to do is to win money and if you win, to be able to withdraw it and spend it. If you have small winnings but what you have in the casino doesn't reach the minimum withdrawal amount, you're going to have to keep gambling.
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