Topic: Play equal to deposited funds before you can withdraw - page 2. (Read 504 times)

For those that are just starting to gamble such kind of measure may seem unfair, but it is when those people read about what caused casinos and regulators to implement those policies when they finally understand why those wagering requirements are there, and in a way this is no different than what we see with most laws anyway, in which a person takes advantage of something that was not considered by lawmakers and then the law is modified to make that behavior illegal.

If I had found this casino from other people's reviews, I would not have tried playing at it. Wagering 1x-5x the deposit amount makes sense but if it reaches 50x, it might be tough. So instead of risking more money to take the bonus or to withdraw winnings that are not large, it is better to look for another casino.

We know casinos do those wagering requirements to avoid money laundering. We must be observant and thorough in checking the regulations and only immediately deposit a sum of money if we have found clear information. And rather than later we will experience problems like that, it is better for us to postpone it first while gathering more information.

I used to find it annoying when casinos introduced the requirement back then but I eventually got used to the wagering requirement until it didn't bother me anymore because you'll see most casinos have it as one of their requirements before withdrawing.

It only becomes annoying if the wagering requirement is suddenly higher than 1x because you rarely see a high requirement almost similar to a promo reward.

Those requirements don't come from casinos but from regulators. And there's a good reason for asking that. You don't want to make money laundering easy, and just putting in and withdrawing would definitely make it easier. Also when people are depositing because of bonuses, casinos need to make some money back from it from some players at least. They are not just handing out free money without any requirements.

Yep, wagering the deposited amount is sensible because of money laundering issue though there are people who are in change of heart and not to do bets anymore after realizing the deposited the amount. There's should be another options for gamblers and should not be stuck in force wagering just because they want to withdraw their money. One thing I'm thinking is limiting the wager amount depending on the amount of deposit, having amount brackets on how much times should they wager or if they don't need to wager because the amount is too small. One other thing is to just have a stricter KYC option like having a recorded video call why they withdraw the money without spending and asking for reason. I think we all need options on situations like this.

I find it's bullshit if they ask for their user to wager 10x or 50x ot whatever from their deposited amount but 1x is pretty sensible and if someone didn't want to bet then they shouldn't be deposited in the first place.

The actual reason for the wagering requirement to exist is to avoid money launderers and if there is no such requirements in place then they can deposit millions and bet a few hundred then withdraw everything as whitewashed then the casino will have to face legal issues and charges and if that can be avoided with one rule then it doesn't sound like bullshit to me.

Casinos shoudn't be having this rules and that's why many of them don't have it, there shouldn't be a restriction on your deposit. When there's a requirement to play equal to the deposited amount before you can withdraw, it'll chase away gamblers but when that requirement is done for bonuses, it'll help reduced cheaters that wanted to cheat the bonus by using multiple accounts.  If I see a casino making it compulsory to play as much as I deposited, I'll have to leave then to go to other casino and continue playing.

Most of the casino has similar games so we won't be missing much games abandoning the casino and switching to another that won't make it compulsory to gamble all the money we deposited before they can allow us to withdraw. Some gamblers use casino to store the money they want to use for gambling, giving them this rule will make them over gamble and leads to addiction.

Not really "unwritten" as it is almost always included on the terms and conditions on every casino out there.

But yeah, casino abide by these rules to avoid illicit activities being involved on their platform but there can be exemption on this rules such as Identity verification or KYC. Also, the casino expect their players to gamble on the platform with their deposit since that's the only purposes of the platform and not a wallet.

Is it your first time? If yes then this is a standard thing and this is what we do call on trying out to avoid money laundering and since these platforms are businesses which are obviously regulated then it would really be normal that they would really be that getting in line with government rules and conditions and this is really that including on this kind of term. You cant really just barge in into a casino site and just tending to make deposit and trying out to clean those tainted coins.If it was really just that easy then money launderers would really be just simply doing those kind of  cleaning without any problems.

Totally BS requirements? You do really make yourself that funny. lol.
Good thing that they are really just that requiring 2x of your initial deposit and not something that needs to be wagered 5x or more which it is really just that too much.
This is what makes that gambling platforms arent that best place if you are trying out to clean up your coins or simply tending to make those laundering thing.
You would really be finding this to be that BS thing if you do have just recently tried out to make deposit and tend to withdraw directly. You cant really just do it
on which they do have those requirements first before you could really be able to push through.

Quite unfair to some ‘coz there are players who accepts their loss and just wanting to stop already than to lose everything that they have deposited. But indeed wagering requirements vary from one gambling site to another. Unfortunately there are sites who tends to change the required wager which is quite a downside to those who are unaware of such feat.Well, I won’t invalidate those who does this. There are circumstances we cannot control and those which are unexpected. These are the instances which often pushes gamblers to pull out what they still have than to gamble their luck and be left with nothing which is obviously a bigger problem.

If you own a casino or any betting platforms, will you allow attempt of money laundering, of course not. Betting platforms knows over the years that casinos are been use for money laundering and you don't want to be questioned about some money that came into your platforms without been use for the purpose unless the casino really want to support laundering of money which is great to me. Most of crypto gambling platforms I know has this requirement if you must use their platforms.

The only gambling platforms that don't support 1x wagering as a requirement to withdraw funds are probably not the license ones. The license casino must be ready to accept this rules because just imagine some deposited stolen Ether into casino platforms and then without playing any games requested to have back the same amount, it will raise suspicious from the company because if they are to interrogate them of how the money.wws used, they will be prosecuted, that's clearly how money laundering is supported by some companies.

It's the most common rule.

Most the time (unwritten) rules, and if you read on term & condition some casino put these rules on there t & c. The reason is classic, to avoid money laundry and casino is not exchange.

So, they required you to do at least waggering 1x from the deposit you are made.

I have not tried using all platforms, but I am almost certain that all of them impose this condition, or at least play at a rate exceeding 50 to 80 percent at the very least. I find that imposing this standard is necessary and largely logical for several reasons, some of which I can mention, but not limited to:
- Preventing the platform from being used as a mixer so that the casino becomes a pool of dirty money. The platform is legally required to prevent this from happening.
- Prevent manipulation of the casino system. A person can cause a malfunction in the system by simply depositing a small amount, dividing it into smaller units, and then making repeated and consecutive withdrawals. This will harm the system, especially since most casinos do not ask for fees for withdrawals.
- Ensure that users spend as much money as possible. This is a legitimate will, of course.

I have experienced this, when I had just played a few spins, i got a big win. Because the deposit I made was less than half of the big win I got, to shorten the time to be able to withdraw, I did a bonus buy feature and normal spins with a higher bet, of course with a limit as long as it didn't reach 40% of the win previously obtained. in case I get another win, consider it a bonus. This is just my strategy to speed up to completing the 1x wagering requirements.

Gamblers who complain about this rule are usually not committed gamblers, as they aren't sure if they're ready to risk what they have. When we gamble, we must understand that the amount we deposit should be ready for action, not something we just leave sitting in a casino, spend a little of your deposit, and eventually withdraw it. It's like you're wasting your time and the casino's time. If you're going to gamble, do it wholeheartedly, as that's where the real enjoyment is found. Gamblers aren't known for being timid, right? We even go all-in when we're desperate.

This is a common rule in most casinos and it is nice because I don't see any reason why you will fund your gambling wallet and you are not ready to gamble with some amount, and later you come back to make withdrawal. This will make the casinos raise eye browns towards your action. It is not also fair to show the casino that you have funds and don't want to use the money to enjoy their service, since they are not banks, where anyone will just dump some money and withdraw immediately. One should note that if you don't want to use that money for gambling, there is no need that you put it into your gambling wallet, if not you will not be given access to withdraw it you wager.

I'm with the OP not that I'm a money launderer and it's better to not judge easily if we don't know the people and we don't have much evidence. My reason BTW is because I like to withdraw immediately once I already won some money. It's a safe way for me to play gambling but I can not do that anymore because of these new rules made by the casino.

If someone wants to launder money, casino isn't the only way or the best place for doing that but there are already mixing services even before. They can always go on it. Now will you still say that a wagering requirement won't harm the gambler? No it's not true but it was actually for the sake of the casino so that their services won't get shut down by the regulators.

Wagering requirement for deposit has nothing to do with the amount. As long as there is a term that there is lets say 1x wagering requirement, no matter how much your deposit is, you need to wager it 1x before you are allowed to withdraw. It has nothing to do with any program as well but it is related to general term in the casino. If you are looking for casino without wagering requirement for deposit only, I doubt you'll find it because it is a common term that you'll find in most casinos.

You do not really need to ask as this is information that I would think it will be clearly stated on their TOS, still I do not see too much of a problem with this rule, after all if you make a deposit at a casino it is completely fair for the casino to assume that you are doing this because you want to gamble some money with them, so a small wagering requirement is acceptable and it will not affect most gamblers anyway, and the only ones affected by this will be those that wanted to use casinos as improvised mixers.

They have their own rules as and in order to use their platform you need to agree to that. I don't think there are platforms that don't require it, so you are needed to do that in order to use their platform. So there's no other way. If you want to keep using the platform you have to do it. But if you find other platforms that don't require it, then my suggestion should be moving towards those platforms. But I doubt there are any.
The main reason behind wagering is to prevent criminal activity. People could use gambling platforms to move funds illegally if there aren't any restriction as this. So I don't blame them. It is for their own safety and for the players too. Also, they want to ensure that you will stay to the platform and play. It seems like a win situation for the gambling platform, but we have to accept it if we want to continue using it.