Topic: Roobet scams FORCED TO GAMBLE (Read 269 times)

Responding in no real order:

In US casinos if you are cashing out more then a certain amount they will check your ID and fill out paperwork. If you go to a table and drop cash & get chips and don't play more then a hand or two it's not a big deal unless they notice you doing it more then once. Then they will ask you why.

Years ago, as in before BTC existed, most internet casinos had a 2x playthrough requirement (200%). After BTC and online gaming became really popular the numbers went all over the place.

As for the 25% to 300% I can see them doing that based on how long you are a member there and how much you gamble.
It's really a quick and simple way of stopping people from using the casino as a mixer.
New player, puts in $50 then fine 25% playthrough. New player puts in $10000 yeah, you have to run it through twice.
Player who has been playing for years at regularly deposits $1000 a month. Puts in $1000 no playthrough required.
I'm sure somewhere in their management offices there is an excel spreadsheet with the general amounts.

Most online poker rooms don't have a playthrough requirement but I have seen some that do. Usually 100% for new players and slowly dropping as you use them more.

If Roobet has 1000 customers and 995 don't care about the playthrough then they don't care about the last 5 if it makes them less appealing to people who are trying to mix their coins there.

=Dave

Oh, OK.

Since I play poker on fiat sites, I wasn't thinking about that.

Of course, I realized that a long time ago. When you deposit, at least in the crypto casinos I have deposited in, you deposit in one address and when you withdraw, you get the money from another address which is the one they use to consolidate inputs. Normally if you deposit today and withdraw tomorrow, probably the money in the address you deposited will still be there, without consolidating.

Anyway, I think this excuse is bulshit, and even more if we talk about 300% of wagering requirements, so the probability of losing your deposit will be close to 100%, because we can say that some people use casinos to launder money in the same way that we can say that some people use mixers to launder money, and in case we want to investigate, we could follow the trail with the collaboration of the casino.

When you deposit coin into a casino using bitcoin, the coin you receive from a withdrawal will not necessarily be spend-linked to the deposit transaction. So if you have stolen coin, you could deposit it into a casino, and the withdrawal you receive would not be associated with that stolen coin.

Obviously, law enforcement could simply ask the casino what happened to the deposit, and could then continue to track the history of the coin you received.

?

Can you expand on this?

I see a lot of people saying it's normal. If it's their TOS, fine, they're not doing anything illegal but I find it morally questionable

I play poker (on fiat sites) and I never have wagering requirements for depositing my money. There are when I get a bonus. To release the bonus there are wagering requirements. I don't see how depositing money in a casino and withdrawing it all tomorrow if I want can be used to launder money.

I think that's quite normal terms especially you are joining a gambling site. What could be the use of fund if you deposited there and not gonna use it to play? I think its not a scam accusation. But a curious user asking if the terms is normally like that. Am I right OP? There's no need to curse them for that kind of TV cause roobet is a long time gambling site and many had uses it including me. They not scam its just that they probably implemented it to make sure users will do the game and not for some other reasons( could be money laundering actually)

When you deposit/create account on any gambling site or trading site you should agree with their terms if you are not agree with their terms then it is not a wise decision to make an account on that site. If you do not gamble on the gamble site after depositing fund then there could be a high chance of money laundering. Or you may deposit fund from any illegal source then you can withdraw fund to your wallet.

A wagering requirement would probably do less to combat attempted money laundering than some kind of KYC requirement. The expected cost of attempting to use the casino as a means of laundering coin would be the wager requirement times the house edge (the higher your deposit is in relation to the minimum bet amount, the closer your actual cost to the expected cost will be).

A KYC requirement provided there is a sufficient chance the verification process will actually determine the identity of the person submitting the documents should prevent someone from attempting to launder coin.
In theory, someone could deposit a large amount with the intention of stopping to gamble if they have exceptionally bad or exceptionally good luck. I do agree that not gambling anything is not expected behavior of someone depositing at a casino.

Would you mind showing us your math? Maybe you made a mistake unknowingly?

However, it should be a very simple calculation: for every $ 100 you deposit, you have to wager at least $25. I don't think such conditions are too bad for some cryptocurrency casinos. At many other casinos the wagering requirement is at least 100%.

If this is the only purpose that OP just wanted to mix the coin on this platform, that's totally wrong, it might be OP didn't read well the Terms of Service on that gambling company.  Upon using every platform, it should always don't forget to the T&C and even FAQ.

On their T&C under "Payment Method".

There's no problem about wager requirement, you can wagger 25% and you have 75% left if you can manage your fund.

Why are u depositing to a casino if u dont want to gamble?

Its a casino not a wallet or coin mixing service

simply monitoring there tactics and scams

your speaking on assumptions I deposited and won money it was allegedly less then 25% of my initial deposit which is bullshit cause I did the math!

I also got lucky reading this thread. at least I should consider before putting my money into the casino. at the very least, I should be prepared to lose my money in the bets I make.
Deposit money to the platform without knowing the rules in play, of course, would be something bad. even in casinos with fiat betting, this kind of rule is common. the first offer is a bonus when we make a deposit. but we have to look at the next rules, and usually, we are asked to bet with the bonus and the money we deposited before we can make a withdrawal.

edit:
OP, why don't you continue in the thread you created? https://bitcointalksearch.org/topic/m.54677962
instead, create a new thread again? Has your old problem been resolved? or is this a continuation?

I mean, you've said you've been banned from the live chat platform. if this is a new problem, how can you deposit your money again on a platform that may have given you a bad experience?

There are certain rules has been created to combat fraudulent activities of certain individuals, online casino is been used for money laundering before so expect that rules lile this exist so better read the written rule per casino so that you will not get surprise for the implementations they do on their platform. Its also good that you post it here since it can raise awareness and people learn about those things.

Damn, it can go up to 300% wagering requirement for your own deposit?? I understand having 25% requirement (after all, you deposit your money to gamble there, right) but with a possibility to get it increased to 300% at their whim you have to be either degen gambler or completely clueless to ever deposit your money there.

Honestly, I would never use Roobet and I have no idea how these online casinos are getting away with stuff like that. One thing is having wagering requirement for bonuses, but up to 300% for deposits is just crazy. I worked in the industry for years (brick&mortar casino) and stuff like that simply wouldn't fly there. At least that's how it was in Croatia when I worked there ~15 years ago, maybe Las Vegas and places like that are more strict when it comes to that.

It's not, but wager requirements have been justified before with similar ideas and rhetoric. KYC before deposit would work better, though not perfectly either - for every solution, there's probably a workaround.

Like I said, though, a little strange to deposit into a casino without the intention of betting.

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I wouldn't doubt they're still angry about certain other topics but it seems pretty stupid to continue playing at a place with which you have many complaints.

Actually 25% sounds like they're giving you a break. Maybe read TOS before sending your money to sketchy gambling sites.

https://roobet.com/termsandconditions


(emphasis mine)

I don’t think it would be a very effective way of detecting money laundering (or attempting to do so).

Someone who wanted to try to launder coin could simply repeatedly bet the minimum bet, having the maximum chances of winning each bet, then withdraw once they have bet 25% of their deposit.

A 25% wager requirement might cut down on the number of stupid people using their casino as a mixer and the number of requests from law enforcement asking about what happened to various deposits.

I personally think the OP is less concerned about the wager requirement and more about the confirmation requirement.

Are you new in Bitcoin casino, huh? If you don't know anything, better to learn and not create poor accusations. If you think the wager requirement 25% from total deposit were to much, what do you think with other casino need to wager 100% from total deposit?

It's simple, if you don't like them don't use it. No one forcing you to play on Roobet and so on.

i dont know how much you deposited but lets say you deposit 1000usd then you want to withdraw it without wager
doesnt that  trigger a question on why you deposit at first place you think its a wallet ?

actually i dont like roobet as i see a lot of users has troubles with them but i think you behavior is strange too to deposit there and not to wager
even stake also require that on my experience with stake use a wallet if you do not want to play