Topic: Wagering requirements for withdraw - page 22. (Read 4805 times)

Quote from: Jody.Drummer on May 08, 2023, 12:11:07 PM

Let's be honest: casinos have one goal – profit. They raise the stakes with lofty wagering prerequisites, a cunning trap for gamblers to lose more. Unfair? Absolutely. Sure, a few gamblers conquer the system, reaping sizable rewards. But they're scarce. For most, those burdensome requirements mean losing more than they can spare.

Pointing fingers at losers? A tactic to cover the system's flaws. Time for casinos to examine their ways and respect gamblers. The answer? Diminish wagering requirements? Enhance transparency? It's debatable. But something is crystal clear: change is essential.

Well, you got a point about how essential it is to change some of the rules that casinos have. This is exploitation for sure but gamblers have no option other than looking for an alternate platform where the requirements are lower and doesn't ask the gambler to lose everything in order to complete the requirements and be able to withdraw.

What would someone withdraw if they don't get to have anything at the end of the day? Casinos with such high requirements should be abandoned and then they might think of reducing the limits otherwise there won't be any change at all.

In fact, there are many choices for us as gamblers to choose a casino that doesn't apply very strict terms and conditions, I mean their terms and conditions are lower than other sites. It's just how we look for it, we can't force certain casinos to apply the rules we like, because they also have their own rules. If the regulations they make are against us, then we just have to look for a new casino, which in our opinion the rules are not as strict as the previous casinos.

the problem is, so many people tend to overlook reading the terms of conditions on sites that's why people get stucked on the site not knowing what to do. also the thing that worries me the most is that, you need some good recommendations from someone who is a trusyworthy user on that site since some reviews can be fake too. i have tried various gambling platforms out of curiosity and most sites i visited have different rules in which they focus on their specialty offered on their house and being not able to withdraw to a ceratin threshold is pretty common on those sites like dice, slots and those fast money-making games.

It's pretty common indeed but you need to keep doing your part in terms of reading the terms and condition to make sure you'll be able to maximize the uses of the gambling site you pick to play your game, with proper understanding of the requirements you will not be surprise if something is needed to implement since you do your part reading and understanding what is being said.

Accepting the requirements means that you are willing to follow whatever the house is implementing, for you to be able to transfer your money or for you to manage to take advantages of any offers that the house is offering.

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Quote from: TheGreatPython on May 08, 2023, 12:51:05 AM

Quote from: TheGreatPython on May 08, 2023, 12:51:05 AM

Let's be honest: casinos have one goal – profit. They raise the stakes with lofty wagering prerequisites, a cunning trap for gamblers to lose more. Unfair? Absolutely. Sure, a few gamblers conquer the system, reaping sizable rewards. But they're scarce. For most, those burdensome requirements mean losing more than they can spare.

Pointing fingers at losers? A tactic to cover the system's flaws. Time for casinos to examine their ways and respect gamblers. The answer? Diminish wagering requirements? Enhance transparency? It's debatable. But something is crystal clear: change is essential.

Well, you got a point about how essential it is to change some of the rules that casinos have. This is exploitation for sure but gamblers have no option other than looking for an alternate platform where the requirements are lower and doesn't ask the gambler to lose everything in order to complete the requirements and be able to withdraw.

What would someone withdraw if they don't get to have anything at the end of the day? Casinos with such high requirements should be abandoned and then they might think of reducing the limits otherwise there won't be any change at all.

In fact, there are many choices for us as gamblers to choose a casino that doesn't apply very strict terms and conditions, I mean their terms and conditions are lower than other sites. It's just how we look for it, we can't force certain casinos to apply the rules we like, because they also have their own rules. If the regulations they make are against us, then we just have to look for a new casino, which in our opinion the rules are not as strict as the previous casinos.

the problem is, so many people tend to overlook reading the terms of conditions on sites that's why people get stucked on the site not knowing what to do. also the thing that worries me the most is that, you need some good recommendations from someone who is a trusyworthy user on that site since some reviews can be fake too. i have tried various gambling platforms out of curiosity and most sites i visited have different rules in which they focus on their specialty offered on their house and being not able to withdraw to a ceratin threshold is pretty common on those sites like dice, slots and those fast money-making games.

Jody.Drummer

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Let's be honest: casinos have one goal – profit. They raise the stakes with lofty wagering prerequisites, a cunning trap for gamblers to lose more. Unfair? Absolutely. Sure, a few gamblers conquer the system, reaping sizable rewards. But they're scarce. For most, those burdensome requirements mean losing more than they can spare.

Pointing fingers at losers? A tactic to cover the system's flaws. Time for casinos to examine their ways and respect gamblers. The answer? Diminish wagering requirements? Enhance transparency? It's debatable. But something is crystal clear: change is essential.

Well, you got a point about how essential it is to change some of the rules that casinos have. This is exploitation for sure but gamblers have no option other than looking for an alternate platform where the requirements are lower and doesn't ask the gambler to lose everything in order to complete the requirements and be able to withdraw.

What would someone withdraw if they don't get to have anything at the end of the day? Casinos with such high requirements should be abandoned and then they might think of reducing the limits otherwise there won't be any change at all.

In fact, there are many choices for us as gamblers to choose a casino that doesn't apply very strict terms and conditions, I mean their terms and conditions are lower than other sites. It's just how we look for it, we can't force certain casinos to apply the rules we like, because they also have their own rules. If the regulations they make are against us, then we just have to look for a new casino, which in our opinion the rules are not as strict as the previous casinos.

hammertime2

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Quote from: GxSTxV on May 06, 2023, 01:23:59 PM

I recently discovered that I signed up for a casino without thoroughly reading its terms and conditions agreement. But of course this was entirely my fault even that I am still bothered by the withdrawal requirements on deposits. It is well known that deposit bonuses or any bonus offered by a casino will have wagering requirements that goes to x50 or more. What truly concerns me is the 5X wagering requirement on normal deposits without any bonus in order to withdraw the initial deposit or winnings.
To clarify things better here is an example : if you were to deposit $1000 and win $200 in your first few games then you wouldnt be able to withdraw your winnings or even your deposits without wagering at least $5000. This means that 80% of the time, you would lose your money before reaching the required amount.
In my opinion this term is unfair. I am not attacking any specific casino, but I do believe that if users were aware of these requirements they would be less likely to deposit their money in such casinos since there are other casinos without such stringent requirements.

This does seem high yes.

It does depend on where the website in question is regulated, and in addition with which sub-licensee they are operating with. For example, our site requires users to rollover 100% of their first deposit. So if you deposit $100 worth of BTC, you will need to bet $100 worth of BTC before the balance is eligible to withdraw. But this will vary between casinos, and dependent on legalities.

We have not decided to add additional requirements on to this, however of course if there are ways in which customers can cheat, then additional requirements can be justified. You can do this by adding minimum odds requirements to sports bets for example, which many bookmakers do.

But yes fully agreed with no bonus and 5x deposit requirement, it feels slightly unjust !

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Quote from: Renampun on May 06, 2023, 01:11:25 PM

I don't follow this topic thoroughly but can you tell which gambling sites apply crazy rules about wagering requirements for withdrawing?

to be honest, your story will be a lesson for many people, especially gamblers who are too lazy to read the TOS of a gambling site even though they haven't made a deposit at the beginning. not all gambling sites are honest, and the gambling sites you mentioned in your post are clear examples of fraud committed by a scam gambling site. hopefully not many gamblers will fall into their trap.

I created a list with the assistance of some users [1] listing the casinos with high wagering requirements for normal deposits (no-bonus deposits) you will find that casino and more listed there. This experience was a lesson for me and encouraged me to thoroughly review every casino's terms and conditions before joining but it doesn’t mean that it’s a bad or scam casino i also shared the rest of my experience here in previous posts where i could accomplish those rules and withdraw my money.
I understand that reading through a page with more than 50 rules can be challenging and nobody actually does that so I hope that sharing my experience and insights can assist you in selecting the best casino for your needs. Additionally perhaps this information can also prompt these casinos to improve their terms and conditions.

[1] : https://bitcointalksearch.org/topic/list-of-crypto-casinos-with-high-wagering-requirements-5448871

That's a good list but more casinos need to be added.

TheGreatPython

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Quote from: bettercrypto on May 07, 2023, 04:14:11 PM

Let's be honest: casinos have one goal – profit. They raise the stakes with lofty wagering prerequisites, a cunning trap for gamblers to lose more. Unfair? Absolutely. Sure, a few gamblers conquer the system, reaping sizable rewards. But they're scarce. For most, those burdensome requirements mean losing more than they can spare.

Pointing fingers at losers? A tactic to cover the system's flaws. Time for casinos to examine their ways and respect gamblers. The answer? Diminish wagering requirements? Enhance transparency? It's debatable. But something is crystal clear: change is essential.

Well, you got a point about how essential it is to change some of the rules that casinos have. This is exploitation for sure but gamblers have no option other than looking for an alternate platform where the requirements are lower and doesn't ask the gambler to lose everything in order to complete the requirements and be able to withdraw.

What would someone withdraw if they don't get to have anything at the end of the day? Casinos with such high requirements should be abandoned and then they might think of reducing the limits otherwise there won't be any change at all.

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Quote from: traderethereum on May 07, 2023, 02:18:05 AM

Quote from: traderethereum on May 06, 2023, 07:52:00 AM

If the wagering requirement is that we have to bet xx times before withdrawing the money, we will certainly have difficulty if we only deposit $ 10-$ 20.
That amount can run out quickly even before we can reach the xx times that is the wagering requirement.
But if you deposit $50-$100, of course, you won't find it difficult to reach xx times the wagering requirement.
And as gamblers who don't want to risk losing too much money, we should gamble moderately and not try to chase promotions that are too demanding.
It might be right to look for casinos that do not have low wagering requirements.

Why it can be difficult if the casino has their own original game where you can gamble with very small amount money and the wager requirement is multiply based on your deposit amount, it's not a fixed wagering requirement, how can it can be difficult? it's not like a minimum withdrawal where you need to reach $1,000 in able to withdraw, this is really make the big holder really easy to fulfill this requirement.

Maybe you should try it yourself to know what it's like to reach the wagering requirements of some promotions in the casino.
These wagering requirements vary, so if you choose a promotion with high wagering requirements, you need to consider whether it's worth checking out or choosing another promotion.
If you wish to withdraw money after using a promotion with wagering requirements, you must be able to reach or exceed the requirements before withdrawing the money.
But if before you can reach the wagering requirement, it is finished because you run out of money, you cannot withdraw the money.

When it comes to the conditions that a casino platform has here in cryptocurrency, we gamblers still have no choice but to follow it. But if we knew their Tos from the beginning, then we can immediately decide if we will continue to play on their gambling platform.

Also, as far as I know, the level of wagering requirements of casino platforms in the crypto space is not uniform. So it's important that you really know this from the beginning before we enter our money to bet here.

Unfortunately, not all players are doing their job before playing on a site.
Usually, they will skip such process and once they are about to withdraw, that's when they will find out such requirement.
Well, for me, it is the fault of the player himself. The ToS is there for a reason, a reference for both players and the owner of the site.
If you fail to check it out, then, it is your fault. So yes, as a responsible gambler, one should always at least browse the terms and conditions.
If he is not ready to comply with their requirements, then, move on to the next. Remember, we have our own will when it comes to selecting casinos.

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Quote from: traderethereum on May 07, 2023, 02:18:05 AM

Quote from: traderethereum on May 06, 2023, 07:52:00 AM

If the wagering requirement is that we have to bet xx times before withdrawing the money, we will certainly have difficulty if we only deposit $ 10-$ 20.
That amount can run out quickly even before we can reach the xx times that is the wagering requirement.
But if you deposit $50-$100, of course, you won't find it difficult to reach xx times the wagering requirement.
And as gamblers who don't want to risk losing too much money, we should gamble moderately and not try to chase promotions that are too demanding.
It might be right to look for casinos that do not have low wagering requirements.

Why it can be difficult if the casino has their own original game where you can gamble with very small amount money and the wager requirement is multiply based on your deposit amount, it's not a fixed wagering requirement, how can it can be difficult? it's not like a minimum withdrawal where you need to reach $1,000 in able to withdraw, this is really make the big holder really easy to fulfill this requirement.

Maybe you should try it yourself to know what it's like to reach the wagering requirements of some promotions in the casino.
These wagering requirements vary, so if you choose a promotion with high wagering requirements, you need to consider whether it's worth checking out or choosing another promotion.
If you wish to withdraw money after using a promotion with wagering requirements, you must be able to reach or exceed the requirements before withdrawing the money.
But if before you can reach the wagering requirement, it is finished because you run out of money, you cannot withdraw the money.

When it comes to the conditions that a casino platform has here in cryptocurrency, we gamblers still have no choice but to follow it. But if we knew their Tos from the beginning, then we can immediately decide if we will continue to play on their gambling platform.

Also, as far as I know, the level of wagering requirements of casino platforms in the crypto space is not uniform. So it's important that you really know this from the beginning before we enter our money to bet here.

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Quote from: YOSHIE on May 07, 2023, 08:58:59 AM

To clarify things better here is an example : if you were to deposit $1000 and win $200 in your first few games then you wouldnt be able to withdraw your winnings or even your deposits without wagering at least $5000. This means that 80% of the time, you would lose your money before reaching the required amount.

It was a long and worst experience and journey in gambling, I thought I was the only one who had the same fate, it turns out that you also experienced the same thing, it happened for the first time when I got to know online casinos, without reading the rules, seeing good games, deposit, play then win, it's useless the risk of winning money must be bet again and again, so that it gets messed up the basic deposit also becomes a victim of 5-10X bets.

I realize the industry really sucks for users who don't scrutinize and read the terms they apply, bad situation i ever had that time, i totally lost it all, now i actually pick and play at online casinos that don't offer such a system 10-50X bets sucks. casino operators control the account, they don't let before the deposit runs out.

That's why it's important to read the rules before playing and making a deposit, sometimes people think that a bonus is something interesting even though it's very tricky, if you want to make money don't ever try to make a deposit, because to withdraw it again we have to play according to our deposit amount as a requirement withdrawals, that's why I always read before playing and sometimes test it and end up losing before withdrawing.

Everyone knows that casinos have withdrawal requirements so maybe they if the requirements are complicated especially that sometimes they only apply to small casinos they don't apply to big casinos, so I avoid deposits in small casinos Cheesy

YOSHIE

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To clarify things better here is an example : if you were to deposit $1000 and win $200 in your first few games then you wouldnt be able to withdraw your winnings or even your deposits without wagering at least $5000. This means that 80% of the time, you would lose your money before reaching the required amount.

It was a long and worst experience and journey in gambling, I thought I was the only one who had the same fate, it turns out that you also experienced the same thing, it happened for the first time when I got to know online casinos, without reading the rules, seeing good games, deposit, play then win, it's useless the risk of winning money must be bet again and again, so that it gets messed up the basic deposit also becomes a victim of 5-10X bets.

I realize the industry really sucks for users who don't scrutinize and read the terms they apply, bad situation i ever had that time, i totally lost it all, now i actually pick and play at online casinos that don't offer such a system 10-50X bets sucks. casino operators control the account, they don't let before the deposit runs out.

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Quote from: traderethereum on May 06, 2023, 07:52:00 AM

If the wagering requirement is that we have to bet xx times before withdrawing the money, we will certainly have difficulty if we only deposit $ 10-$ 20.
That amount can run out quickly even before we can reach the xx times that is the wagering requirement.
But if you deposit $50-$100, of course, you won't find it difficult to reach xx times the wagering requirement.
And as gamblers who don't want to risk losing too much money, we should gamble moderately and not try to chase promotions that are too demanding.
It might be right to look for casinos that do not have low wagering requirements.

Why it can be difficult if the casino has their own original game where you can gamble with very small amount money and the wager requirement is multiply based on your deposit amount, it's not a fixed wagering requirement, how can it can be difficult? it's not like a minimum withdrawal where you need to reach $1,000 in able to withdraw, this is really make the big holder really easy to fulfill this requirement.

I agree, having waging requirements as a multiple from our initial deposit is fair by the casinos and shouldn't be a big deal. The casino needs to protect themselves from gamblers who deposit money to take advantage of bonuses and would directly withdraw after one win. All this is written in the terms of service and can be read before depositing, if we aren't too lazy. Also placing bets in total of 2-3 times our initial balance isn't such a big issue if we focus on save bets and spread it out over time. The worst thing we can do is to try and go for risky bets only to meet withdrawal requirements. The scam would be of course if the casino sets randomly high withdrawal requirements that are liked to fixed numbers, independently from our balance and betting amount.

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Quote from: traderethereum on May 06, 2023, 07:52:00 AM

If the wagering requirement is that we have to bet xx times before withdrawing the money, we will certainly have difficulty if we only deposit $ 10-$ 20.
That amount can run out quickly even before we can reach the xx times that is the wagering requirement.
But if you deposit $50-$100, of course, you won't find it difficult to reach xx times the wagering requirement.
And as gamblers who don't want to risk losing too much money, we should gamble moderately and not try to chase promotions that are too demanding.
It might be right to look for casinos that do not have low wagering requirements.

Why it can be difficult if the casino has their own original game where you can gamble with very small amount money and the wager requirement is multiply based on your deposit amount, it's not a fixed wagering requirement, how can it can be difficult? it's not like a minimum withdrawal where you need to reach $1,000 in able to withdraw, this is really make the big holder really easy to fulfill this requirement.

Maybe you should try it yourself to know what it's like to reach the wagering requirements of some promotions in the casino.
These wagering requirements vary, so if you choose a promotion with high wagering requirements, you need to consider whether it's worth checking out or choosing another promotion.
If you wish to withdraw money after using a promotion with wagering requirements, you must be able to reach or exceed the requirements before withdrawing the money.
But if before you can reach the wagering requirement, it is finished because you run out of money, you cannot withdraw the money.

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Quote from: QueenVera on May 06, 2023, 01:49:54 PM

Alot of money laundering was done by most of those high drug orders through casinos and that was why the idea of kyc came into stand and when the kyc policy wasn't covering enough, the wagering requirements was then introduced and I believed that this two principles has truly helped to reduce the rate of money laundering through casinos because most casino will need you to wager the equivalent of your deposit amount before being able to withdraw your deposit and you'll agree with me that its not always easy to wager and come out successfully.

Casinos on their current form were born on the US and at the time the Italian mafia used them to launder their money and to obtain even more profits, as such gambling has always had the attention of the US and many different governments as they know that if the regulation is lax then some illegal activities can occur.

And while most cryptocurrency casinos themselves do not engage in any illegal act, those that use them can be a different story as they could try to launder their money in this way, and as such casinos will eventually ask anyone that makes a big deposit to identify themselves so they can remain out of trouble with the law enforcing agencies.

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Quote from: Mr. Magkaisa on April 29, 2023, 12:35:39 AM

Quote from: Mr.right85 on April 28, 2023, 02:40:04 PM

Quote from: Ojima-ojo on April 28, 2023, 01:49:55 PM

It's not bad if a casino has a 1x wagering requirement since it is obvious that it's part of the licensing requirement to subject players' deposits to some wagering condition to minimize using the casino for money laundering.

That would make sense but still, there are those that won't be pleased, both genuine users and none genuine once (the once that would want to use casinos for money laundering). Gamblers would see that to be risking more at any time than they would have liked to but, its a system that could tackle money laundering but, is that the most concerns to gambling sites, gamblers or regulators?
You can't archive all but still, your to place more concerns on your customers.

While a 1x waging requirement might prove effective in casino gambling where the uncertainty is higher, I won't see it to work so much in sportsbook where team strengths can be measured by the quality of players and form. This makes it easy to get around.

- I don't think that a casino can be a conduit for money laundering, but it seems that something like this is possible. Because it can't be noticed just like that, maybe that's why sometimes they ask for kyc first for verification purposes only, even though they really have a different alibi.

it's just that often when you play, the invested fund loses, so the risk level is quite high to be honest.

Alot of money laundering was done by most of those high drug orders through casinos and that was why the idea of kyc came into stand and when the kyc policy wasn't covering enough, the wagering requirements was then introduced and I believed that this two principles has truly helped to reduce the rate of money laundering through casinos because most casino will need you to wager the equivalent of your deposit amount before being able to withdraw your deposit and you'll agree with me that its not always easy to wager and come out successfully.

GxSTxV

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Quote from: Renampun on May 06, 2023, 01:11:25 PM

I don't follow this topic thoroughly but can you tell which gambling sites apply crazy rules about wagering requirements for withdrawing?

to be honest, your story will be a lesson for many people, especially gamblers who are too lazy to read the TOS of a gambling site even though they haven't made a deposit at the beginning. not all gambling sites are honest, and the gambling sites you mentioned in your post are clear examples of fraud committed by a scam gambling site. hopefully not many gamblers will fall into their trap.

I created a list with the assistance of some users [1] listing the casinos with high wagering requirements for normal deposits (no-bonus deposits) you will find that casino and more listed there. This experience was a lesson for me and encouraged me to thoroughly review every casino's terms and conditions before joining but it doesn’t mean that it’s a bad or scam casino i also shared the rest of my experience here in previous posts where i could accomplish those rules and withdraw my money.
I understand that reading through a page with more than 50 rules can be challenging and nobody actually does that so I hope that sharing my experience and insights can assist you in selecting the best casino for your needs. Additionally perhaps this information can also prompt these casinos to improve their terms and conditions.

[1] : https://bitcointalksearch.org/topic/list-of-crypto-casinos-with-high-wagering-requirements-5448871

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