Play equal to deposited funds before you can withdraw - page 4.

noormcs5

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Quote from: libert19 on October 15, 2023, 12:02:11 AM

Who else finds this requirements from casinos BS?

I guess this requirement is in every casino and some may even ask to wager the deposit twice or thrice before you can withdraw. There are two main purposes of it. First, when people wager, they will most probably lose money and hence it is a profit for the casino.

Secondly, the other reason that the gambling sites will give publicly is that this helps prevent money laundering and other illegal activities.
Why would you deposit on a casino site when you do not want to wager and gamble with it? If this wagering requirement is lifted, some people may use these platforms for money laundering, that is depositing on the gambling sites and withdrawing at the other end without gambling.

Japinat

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I've come across some sites that aren't too particular about that, but there are also those that implement such a rule. The best thing to do is to read their TOS so you don't end up complaining when your withdrawal gets put on hold. Just remember that the crypto gambling industry is a huge market, which means there are lots of players. So, choose the best one for you.

Wiwo

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Simply put this mean, 1x wager requirements, and this is fair enough if you ask me because this is the standard procedure with most casino and some that may even go worse will go as far as asking for x5 wagering which at that point becomes a big challenge to gamblers, because in trying to meet the wager requirements, you may sometimes end up losing your already won amount.

So I don't see anything big or wrong is having to wager your entire deposits once before being able to withdraw them, this is to avoid casinos being used as money laundering tools where people just deposits get the coins mixed and withdrawn without traces

X-ray

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Any sites have different gambling requirements before you are able to withdraw your money but it's not always being equal to the deposited funds. Some sites are also able let you to withdrawing your money after you have been doing some bets.
The requirements are vary totally depends on the regulations that being implemented into the gambling site. I have no problem with these requirements.

Keep in your mind that if it must not equal to the deposited funds. As long as you were playing before you are withdrawing and that's fine. Im not seeing this requirement as a burden for the gamblers since you can also make small bet to fill it up.
Just try to gamble it and then you will able to withdraw it. It's not something wrong.

Natalim

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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.

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Quote from: stadus on October 15, 2023, 12:50:48 AM

Quote from: libert19 on October 15, 2023, 12:02:11 AM

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?

This is the main motivation behind that rule, there was a time in which that rule was not in effect and personally I liked it a lot, however hackers and scammers took advantage of it by making a deposit and then asking for a withdrawal immediately so they could get fresh and clean coins in return, while the casino was the one that had to deal with all the trouble coming their way, so casinos implemented this rule as a way to protect themselves, and while I can see why some gamblers may not like it, that rule will remain in place as long as scammers and hackers are so widespread in this market.

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Quote from: libert19 on October 15, 2023, 12:02:11 AM

Who else finds this requirements from casinos BS?

This is a common or standard rule in gambling site, as mentioned by stadus above, the main purpose of this rule is that casino do not want to see the casino is being used for mixing money or even a wallet. I do not see it as a BS, any online service has the right to set any rule and you as customer are also having the right to accept it or not. If you find that 1x wagering requirement for your deposit is a BS or maybe other rules as BS, then dont use the casino. Just for your information, there are even some casinos with wagering requirement for deposit higher than 1x.

stadus

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Quote from: libert19 on October 15, 2023, 12:02:11 AM

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?

libert19

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Who else finds this requirements from casinos BS?

Topic: Play equal to deposited funds before you can withdraw - page 4. (Read 433 times)