Topic: Play equal to deposited funds before you can withdraw (Read 504 times)

This is very common to find in bonus hunters, which seems like a lot of work to do, and well when you focus on this type of thing, I have seen that there are many Players who look for Casinos where they are offered to play for free and that they can Win, that is to say that you can withdraw, this is very common when we are going to do different things, in particular, before entering bitcointalk, I had never been around the internet and I always came across little casino sites, where they offer you to play and if you win well they can Withdraw money, so at that time I started to play and I didn't win, at one point I was able to play and when I won he told me that in order to withdraw the money I had to deposit, the truth is that I realized that this is a scam, and obviously it was not a casino that is not in the forum, it had a strange name, I still couldn't do much, so this made me do many things, like looking for more reliable casinos, then I found pokerstars.net, and well From there a search began.

When I go to look for a casino and I have to accept a bonus, I prefer not to accept it, because the bonuses now have a few conditions to be able to withdraw money, so in this order of ideas I always do that, for me there is no type of bonus that is free, or that a casino offered it and it is something to regulate, that is something that they do not mention nor does it matter to me, so it could be said that always in a casino when it offers bonuses it is with something in exchange , usually hunters of bonuses when they want to claim and claim that money has to meet the highest demands, very high wagers, and I am not patient for that, the best bonus hunters talk about it, that they are patient people, who have a lot of time to play and to be able to Pursue this, then that's basically going to make it difficult for them, I'm not one of those who believe in bonuses for that reason, I prefer to play with my money without bonuses.

Sometimes I think that gamblers complain just for the sake of complaining, there are things that are worth complaining about and I can understand when gamblers do so as I think they are being unfairly treated, but this is not really one of those times, if they make a deposit in their casino wallets then it is natural that casinos assume that is money they want to wager, by not doing so it is understandable casinos get suspicious about such behavior and I can see why they implemented such rule.

at first, I thought it was stupid and should only be implemented on deposit bonuses and other bonuses/promotions because doing that on deposit bonuses and other bonuses/promotions actually made sense but, doing that wagering requirement on a no bonus deposit is stupid, but now, I don't mind it. that being said, I am only okay with a 1x wagering requirement for a no-bonus deposit and anything higher than that is BS. if I remember correctly there is a thread that has a list of gambling site that has wagering requirement for no bonus deposit.

That's correct. The requirement is hard to meet only for people who don"t really want to play, but in such case, why deposit any money at all?
Imagine you bet some money and wager 10% per bet. After 10bets you'll be able to withdraw. If 6 out of 10 bets are wins, you end up withdrawing more money than you had. If 5 out of 10 are wins, you're able to keep playing or withdraw your deposit minus casino fees. Pretty much that's what gambling is about, you deposit to bet it.

I bet on sports and I usually bet what I deposit, so I've never even felt that the wager requirement is there. If I send $50 to the casino, that's what I bet on the next match.

Not only the gambling,no one will gives you anything for free.Because the gambler who had get the bonus will get the gambling involvement and increase their deposit to the gambling only for the bonus.But he had forgot the fact he had deposit the money for the many times for the new game for their loss.So the loss make the gambler to temper to playing the gambling games for many times.But the gambler who win the game with the gap will not worry about this type of loss in the game.The gambler who lose the money random will worry for the continuous deposit of the money for the continuous game.The bonus will increase the number of users to the gambling sites and the gambler number to the gambling sites also increased by the bonus for deposit.

Well, that's the part of the game as the gambling sites will not give you anything for free. Even with the bonus they give you, they will make sure that you do enough wager that it becomes very hard for you to fulfil the wagering requirements. And since the bonus is the free money which the gambling site gives us, they have the right to put any wagering requirement they think is suitable. I personally think that bonus are not meant to cash out but to have fun with the free money.

For the deposits, they will usually give a 1x wagering requirement and that is justified too as you deposit money for gambling, it is necessary to gamble with it at least once.

The only time I find the casino requires 10x to 50x wagering is when they are giving bonuses. It is obvious that the casino don't want to be part with the amount they give without making player to wager with such requirement.  I find it somehow reasonable because the player got the fund for free but I find it BS for those reward and bonuses that requires huge multiplier after completing several task.  I also known then pain of undergoing such requirement because it is really hard to meet the huge multiplier requirement if one is not having a lucky day.

With a betting requirement of more than 10x, it will only result in losses for gamblers if they can really get lucky so they can win big and withdraw their winnings. But will casinos allow it so easily for gamblers who want to cash out their winnings? Shady casinos will not allow it easily. Shady casinos will impose other requirements where gamblers must do KYC before withdrawing their winnings.

Yes, we have to avoid platforms like this to avoid problems. This may be a small problem but it can make us feel uncomfortable.

Yea, it was 1x. I did complete it and was able to withdraw.


It's expected from experienced users, I know they write in TnC, naive of me to not read it but I feel it would have been better had it been written somewhere obvious that one is required to wager their deposit before they can withdraw their deposited money, possibly on deposit page itself.



You are saying as if gambling provides surefire win, there is equal chance to lose that $100 as well.

How come it became BS? It's just normal at most casinos. You can't use an online casino as a gateway to transfer funds to another at your will.

Besides, it's just a 1x requirement, I wonder what will be your reaction at x2 turnover although I'm sure at most, it's just a 1x.


Obviously, the higher the deposit, the more time you will need to spend to reach the turnover even if it's an x1.

Where's the forcing of the users on that part if in the first place, that would be expected?

It's like when you deposit $100, you are able to turn it into $200 within just a few spins and you will withdraw right away. I doubt any casinos will allow that. You can't even do it on Stake although the requirement they need is only 80% of the deposit amount which is below compare to other casinos. But the picture is just the same if you deposit a big amount there.

For a long time, casinos began to be labeled as the favorite place for thieves to launder money, with the reputation of casinos being tarnished in an unfair way, so many casinos began to introduce this betting rule, although in my opinion many casinos have exaggerated , you could put rules such as it being mandatory for people to play with at least 50% of the amount they deposit, but many casinos put rules of 2x, 3x, which are very difficult to comply with and to make matters worse, they have a high minimum withdrawal value and ask for kyc . so when you look at the high requirements that certain casinos are asking for

In my opinion, this is no longer about money laundering, but about forcing people to play until they lose everything and there are a very small number of people who will be able to make withdrawals. stake is one of the few good casinos where withdrawals have a very low value and don't have these high and absurd wagering requirements, which is why I consider them to be the best casino. I've seen casinos with withdrawal values above $50, with 3x requirements, and I asked myself: why this absurd rule? But to my surprise, there are many people using this casino and they don't complain. The fact is that as this is a market that governments have not paid much attention to, it makes it easier for many casinos to put in place rules that harm people.

This is most likely a normal casino wager requirement. It is set to scare launderers away from using their casino; they don't want a situation where you use someone else's card to fund your casino account, and this money goes into the casino's business account. In turn,  you use your own personal account to withdraw that money, leaving the criminal linking to the casino and not to you.
 
Setting the wagering requirements makes it a bit easier for the casino to be assured that those who deposit in their casino are in their to play and win games and not in any way trying to use the system for exchange or mixing purposes, because wagering with money you were not planning to wager with us is a big risk some launderers are not willing to take as the chance of losing that money to the casino is very high. although even with all of this, some people still somehow use the casino for their illegal activities.

I do not find this BS.  Casino is not an exchange nor any free platform that we can deposit and withdraw without using their service.  Casino is a business platform that pays people for every services they offer so it is normal for this casino to make a requirement to at least use their service if we deposit money on their platform.  Aside from that, many people are thinking to make these gambling platform to wash the history of their funds thus, this wagering requirement is one of the preventive measure of the casino to be exploited like that.

Some site have this kind of rules and that’s why its advisable to read the terms and conditions first before trying any site so you wont experience any unexpected requirements when you are starting already. Though I don’t agree on this especially if there’s no bonuses and you just want to gamble and try the site. There’s a lot of good site that don’t have this kind of rules, try to look for it.

i can understand the 1x or 2x wagering requirement, but 10x or more for your deposited funds, that's really ridiculous. this is why before you deposit any penny to any casino, check their terms and so with the wagering requirements.
you will notice that those big casinos or bookies are not requiring high wagering requirements. most of them are just asking you to wager some of your deposit money before you withdraw.

I agree there's no such thing as a change of mind in gambling when you deposit you should play, it's not a store where after you enter and you pick something you then decide you don't want to buy anything, it is a general rule of every casino I'm not saying OP is naive but so many newbies fell into this they deposit and after playing a few rolls decide that it's not the casino for them and withdraw, now this will trigger an alarm on their security.
I don't think there is a casino that does not have this rule.
It's better to always read the terms of every casino you are about to play, some casinos are tweaking their terms to make their terms different from other casinos and slight changes will have an effect on your playing, especially when it comes to bonuses.

There tend to be two different kinds of casinos out there I've noticed: The major casinos, that are run professionally and have vast teams with resources to maintain a profitable casino & sportbook. They are generally trustworthy, display all the information you need to make informed decisions about your bets (like RTP and terms of service) and invest in their long term survival. They will often offer small bonuses and regular promotions to keep players interested. Then there is a breed of websites which pretend to be casinos, but they are basically empty shells trying to trick people into depositing by offering things like a $500 bonus, but like you say - they attach ridiculous terms to the offers which effectively means that you're lucky if you can walk away with $5 of that $500 bonus if you complete all the conditions.

The only sensible wagering amount requirements should just be 1x or possibly 2x ( but not really) of the original deposited amount. Apart from that, the casino is just forcing their users to continuously gamble which may put at risk.

I also call BS for any platform who requires more than 10x and hell up to 50x as it's more likely that these platforms expects players to lose. You can't even do a dice game with minimal odds like 1.1x more than 5 times without losing and they expect you to bet more than 10 time the deposited amount. These platforms should be avoided at all cost.

Obviously, it is about keeping money laundering at bay as other have said.
Though, because I do not have much experience with landbased casinos, I have wondered whether those also have some equivalent rules so criminals won't easily launder assets in their resorts.

Since casino ships are more difficult to track and control than credit onan online casino account, then how are they supposed to track chips which are being used for criminal activities?
Also, how do they guarantee gamblers are wagering the minimum of their entire deposit in their gambling floor, if they are using chips instead an electronic balance?
Unless the managers and staff are supposed to keep a record of each FIAT-Chip swap their guesses do during their glambling session or gambling night?

How is this supposed to work?

Many online gambling services especially those that accept payments with cryptocurrencies have these or similar rules because the main purpose here is to prevent money smuggling and not allow cryptocurrency transfers to be mixed in this way. Although this situation prevents the person from depositing a certain amount of money and then regretting it and wanting to withdraw this money, unfortunately, it is a precaution taken to prevent malicious people from easily carrying out such transactions especially money smuggling. Generally speaking, although this isn't a serious problem for many people since many gamblers invest as much as the balance they want to spend in gambling, it causes the money deposited into the online casino to not be withdrawn immediately if needed. For this reason, it is necessary to be careful not to deposit too much money into online gambling services or more than the amount to be gambled especially considering the situations in which money may be needed.