Topic: Play equal to deposited funds before you can withdraw - page 3. (Read 596 times)
Before we deposit into a casino, we can ask first if there are any wagering requirements if we deposit some money, let say $10-$20. If there is and we don't want to go through the wagering requirements, we can look for another casino that is more friendly. But usually, if we deposit $10-$20, there are no wagering requirements because we are not participating in any program and can just play and withdraw the money without any problems unless it's a shady casino.
Who else finds this requirements from casinos BS?
They strictly enforce it to prevent people from using casinos to launder their dirty money, if they don't have this people will just abuse the casino, it's a parameter to stop this abuse, all casinos have these terms and requirements, it's very unusual and your account is suspect what is your motive if you deposit and you withdraw without wagering or you do not follow the casino's wagering requirement.
Those who plan not to follow the wagering requirement are not reading the TOS and policy of the casinos and their account will be flag eventually.
This is actually one of the most common things you will see in different gambling platforms. A wagering requirement is not something that will harm actual gamblers of the casino. It's in place to make sure that money laundering will not happen and that fraudsters will not use their platform for these kinds of things. If you're looking to use the casino as your personal mixer, then those days are over. If you deposit your money, best use it because that's the only reason why a person would deposit some money in the casino.
In my opinion, it's okay. If you deposited $100 just to make $1 and withdraw then wouldn't be absurd for the business?
My $10 can wager $100-$200 in just 3 hours of playing any original games. Not the slots that are being provided by the likes of Pragmatic, Microgaming, or others because they are expensive for just 1 bet and even with 100 bets you might not get your money back through RTP.
Original games like Keno, Plinko, Dice, and more let us play with even 1 or 2 satoshi bets so by playing it safe with low-risk bets we could wager a high amount although it will take a lot of time and some losses too.
I think it's just normal that gambling sites can keep gamblers in their business. If every gambler is just using the site to deposit and then withdraw then that will be a fishy transaction like they are cleaning their money which could cause trouble to their business because of money laundering cases circling around using this kind of method.
My $10 can wager $100-$200 in just 3 hours of playing any original games. Not the slots that are being provided by the likes of Pragmatic, Microgaming, or others because they are expensive for just 1 bet and even with 100 bets you might not get your money back through RTP.
Original games like Keno, Plinko, Dice, and more let us play with even 1 or 2 satoshi bets so by playing it safe with low-risk bets we could wager a high amount although it will take a lot of time and some losses too.
I think it's just normal that gambling sites can keep gamblers in their business. If every gambler is just using the site to deposit and then withdraw then that will be a fishy transaction like they are cleaning their money which could cause trouble to their business because of money laundering cases circling around using this kind of method.
Who else finds this requirements from casinos BS?
If you are referring to the deposit bonus I am one of them who find it bullshit but there can be ways around them,for example if the casinos let's you use IDR as a currency you can find a medium to low volatility game like Sweet Bonanza who can keep you playing longer until the requirement is fulfilled and you can then withdraw whatever amount is left to be withdrawn.I used to use this in my beginnings at casinos where they offered deposit bonus some long while ago,I don't see many of them offering this type of bonus anymore,not the reputable ones from what I have seen.
No, it is not about deposit bonus but it is about pure deposit without bonus where there is 1x wagering requirement before you are able to withdraw.
1x wagering requirement for deposit is a basic thing in this crypto gambling industry, most casinos implement this requirement and I think 1x wagering requirement is quite normal.
We as player make a deposit is to gamble and wagering 1x of our deposit is not hard to achieve especially if the casino provide original games with low house edge.
Even if we talk about deposit bonus and its 40x wagering requirement, I will not say it is as BS because it is how the bonus works where the casino has calculated to make them the one which get more chances to win.
TO/wagering requirement isn't BS as long as it's only 1x. People deposit into the casino to play, and the requirement will be fulfilled without us needing to think about it. There are some scenarios where I wish I didn't have to go through the TO requirement though, such as when I get a big win at the beginning of my playing session. Anyway, if that's the case, completing the requirement should be no problem if you play smart. Money laundering exists, so a 1x TO requirement is the best solution IMO.
Who else finds this requirements from casinos BS?
If you are referring to the deposit bonus I am one of them who find it bullshit but there can be ways around them,for example if the casinos let's you use IDR as a currency you can find a medium to low volatility game like Sweet Bonanza who can keep you playing longer until the requirement is fulfilled and you can then withdraw whatever amount is left to be withdrawn.I used to use this in my beginnings at casinos where they offered deposit bonus some long while ago,I don't see many of them offering this type of bonus anymore,not the reputable ones from what I have seen.
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Who else finds this requirements from casinos BS?
This is understandable to counter money laundering. Why you will deposit an amount that you are not willing to wager in total? You should deposit only an amount which you are comfortable to gamble instead to deposit huge amount without wagering it all.
Before, casino doesn’t require wagering requirements since most of the casino doesn’t have license or license provider is not strict on AML policy. Fortunejack is the first casino that I knew which implemented this requirements but they also acquired Curacao license that time when they implement it. If the casino has a license then this requirements is not BS. It only becomes BS if casino asking for it is unlicensed since they don’t have AML policy to follow.
Who else finds this requirements from casinos BS?
This is almost implemented in all casinos and not only almost but all casinos apply this, and some even have more than 1x or equal, for example, 1.5x or 2x, the reason is to avoid money laundering but in my opinion casinos really have to implement this because they are in business and when there is Players who only make deposits without playing and then making withdrawals will only waste their time in processing these things, because even though the casino uses an instant tag line, that doesn't mean there are no staff working to supervise and process deposits and withdrawals, so that's not the case needs to be debated and gamblers seem to really understand this. Who else finds this requirements from casinos BS?
Of course, every gambler will find this wagering requirement BS. However, we should understand where they are coming from. Their platform could be used as a money laundering scheme. Those individuals can just deposit their tainted bitcoin then they can just withdraw it right away, so this casinos wanted to make sure that at least you play some money, just percentage of your deposit before you can withdraw it. Unlike in traditional based though, if you put some money on a game let's say a slot machine and you don't want to continue, then you can withdraw your money and encash it, or just continue to play with other games. But this is offline, so this casinos will have to protect themselves from people who find loopholes, not just in casinos, even in exchange platforms as well because there are certain individuals who might do it.
Casino is a place to play, if we make a deposit and not playing on there, then what's the purpose?
If someone make a deposit and only gamble for few time with small amount of money, the user is want to use the casino for money laundering, as we know most of casinos are combat against money laundering.
If you not happy with this rule, you can gamble in Web 3.0 casino and ask whenever they have this rule or not.
If someone make a deposit and only gamble for few time with small amount of money, the user is want to use the casino for money laundering, as we know most of casinos are combat against money laundering.
If you not happy with this rule, you can gamble in Web 3.0 casino and ask whenever they have this rule or not.
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You can meet these requirements when you want to take a promotion. Some casinos apply this requirement and you have to play the gambling games equal to the funds deposited before getting the bonus. But some casinos apply this when you want to withdraw your winnings and some casinos apply this betting requirement so high that it is burdensome for gamblers to achieve it.
If you don't want to meet requirements like that, you can deposit and gamble without thinking about winning. So you will play gambling without burden. Just play. Winning is just winning and losing is just losing.
If you don't want to meet requirements like that, you can deposit and gamble without thinking about winning. So you will play gambling without burden. Just play. Winning is just winning and losing is just losing.
Who else finds this requirements from casinos BS?
It is a BS requirement and i really dont like it. It is widely used however.
Btw, depending on the location and local laws, the practice might also be illegal if you are deaing with a licensed casino. This style of a restriction can be imposed on "bonus" winnings but not necessarily for the initial deposit.
I'm talking about this restricting on initial deposit only, I understand and agree with such restrictions on bonuses.
Previous comments cite AML, I'd argue you can do same thing on cexes, deposit and withdraw instantly, they don't force you to trade.
Now again, if someone argues you are kyc'ed on cexes, I reply only recently most cexes are making kyc mandatory, it wasn't the case before.
Who else finds this requirements from casinos BS?
It is a BS requirement and i really dont like it. It is widely used however.
Btw, depending on the location and local laws, the practice might also be illegal if you are deaing with a licensed casino. This style of a restriction can be imposed on "bonus" winnings but not necessarily for the initial deposit.
Always deposit the exact amount you are ready to use for gambling, how is playing equal to deposited funds before withdrawing a BS? I don't think so, you are only thinking for yourself and it's fine but what about you been the casino owner? You would have love this rules before withdrawing, or won't you?
It is the same claim by gamblers who wants to rob casinos by taking their offers and bonuses and withdrawing instantly, if this is allowed why won't other gamblers abuse it? You will see loads of multiple accounts making deposits on the casino to get bonuses and click on the withdraw in an instant.
The only time where this should be normal is after you win for real, deposit money on the casino and do some gambling and if you get lucky and win some money you will be able to withdraw normally, if you running a casino you will know why some things are necessary, for the business to flourish and for the business to also not turn into a illegal platform.
It is the same claim by gamblers who wants to rob casinos by taking their offers and bonuses and withdrawing instantly, if this is allowed why won't other gamblers abuse it? You will see loads of multiple accounts making deposits on the casino to get bonuses and click on the withdraw in an instant.
The only time where this should be normal is after you win for real, deposit money on the casino and do some gambling and if you get lucky and win some money you will be able to withdraw normally, if you running a casino you will know why some things are necessary, for the business to flourish and for the business to also not turn into a illegal platform.
Who else finds this requirements from casinos BS?
Well, I wouldn't say it's BS, some people are really using casinos as mixers, and there is that AML policy as well. I doubt that this wagering requirement will stop people from doing anything illegal, but at least it's some protection.
I guess it's more about keeping players on the site... when we decide to deposit and we win after a few bets this is a nice way of saying "play a bit more" to players, and when we play a bit more there's always a chance that we will get busted.
Who else finds this requirements from casinos BS?
Honestly, why deposit if you're worried about having to wager your deposit? If I deposit $1000 somewhere and I hit something big early in my wagering, how hard is it to finish wagering the deposit amount 1x and guarantee myself profit? Especially if the site has dice.I think some things are unrealistic to ask from players, but this is not 1 of the things I find to be too much.
Who else finds this requirements from casinos BS?
That's what's called a wagering requirement. I don't consider it to be BS, though; they have their own rules, and as long as it doesn't break the law, that's fine. You know, I understand the reason behind it. They want to ensure that their platform won't be abused by players whose intention is just to mix their funds. So, I think it's reasonable to implement these rules because, in the first place, when you deposit funds, you intend to gamble with them, right?
Who else finds this requirements from casinos BS?
If casinos allow users to just deposit and instantly make withdrawals without having to complete any requirements then you’d have seen different people using casino for other nefarious purposes like laundering money. If I can just deposit money into my gambling account and withdraw it into a different wallet address why would I need service like mixers to prevent other from being able to track my transactions?
The only time it becomes a nuisance is when the wagering requirement becomes almost impossible to complete for example those asking you to wager x60 before you can withdraw.
If you're not a regular gambler, you might be surprised by this, but many gambling sites do indeed implement such a rule. Having a 1x wagering requirement on your initial deposit can seem reasonable. Once you've deposited your money, your primary intention is typically to engage in gambling activities. From a gambler's perspective, it can be seen as fair. It ensures that once you deposit, you're fully aware that you're entering a situation where you're ready to take risks with your money.
I read somewhere where one newbie deposited and after losing 30% of what he deposited opted to withdraw what was left what he deposited his reasoning was a change of mind because of fear of losing everything, of course, the casino did not let him withdraw his money stating what's written in their terms.
This is one of the big mistakes of newbies not aware of the wagering requirement.
There is no change of mind policy when it comes to gambling, newbies are encouraged to always read and check for changes in the Casino's terms of service, policy, and FAQ they are always guiding for safer gambling awareness, not familiarizing on these will put you in big trouble.
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