Wagering requirements for withdraw - page 27.

bitterguy28

full member

Activity: 2170

Merit: 182

“FRX: Ferocious Alpha”

Have read your experience about this site mate , and though their deposit requirements is low yet their wager seems to be higher than our major gambling crypto casino and not the usual that we expect and if not reading the TOS then your obligation might be as high.

___________________________

Also good to hear that you finally got your winning from bonus as you complied to their requirements , Good Job and hope you will consider this as warning to play again in same kind of site in the future.

Quote from: Woodie on April 23, 2023, 07:24:56 PM

Unfortunately thats how these companies operate and this is not limited to gambling companies only ,and the fact that less than 10% of us read these T&Cs and you are made to consent by signing to these terms and conditions I dont think a case against them would hold water. And even if you had the interest to read them , you are given thousands of words to read and its the most dreadful activity when you just want to play and get on with the fun.

but the good thing here is that Trustdice is one of the most trusted site we have , and they are legit and have no big issues AFAIR from time I am here in forum.

Woodie

hero member

Activity: 1834

Merit: 879

Rollbit.com ⚔️Crypto Futures

Unfortunately thats how these companies operate and this is not limited to gambling companies only ,and the fact that less than 10% of us read these T&Cs and you are made to consent by signing to these terms and conditions I dont think a case against them would hold water. And even if you had the interest to read them , you are given thousands of words to read and its the most dreadful activity when you just want to play and get on with the fun.

AmoreJaz

legendary

Activity: 3122

Merit: 1102

Leading Crypto Sports Betting & Casino Platform

Quote from: khaled0111 on April 23, 2023, 05:28:04 PM

Quote from: Bitinity on April 20, 2023, 07:40:40 PM

Reduce the x5 to x1 but apply it for game with low odds especially slots will not affect anything because people will prefer to wager x5 on dice than x1 on slots because the risk of losing while wagering can be higher in x1 on slot. It will not make customers happy as well because mathematically it does not give signficant difference. If they want to reduce it to make customers happy, just reduce it without any other rule.

Their reason (whether we agree with it or not) behind the 5x wagering requirement is that games like dice where the player can adjust the win rate (odds) can be abused to complete the wagering requirement with the lowest risks, hence my suggestion to apply the requirement to those particular games. There is no reason to keep it the same for other games too.
Anyway, it was just a suggestion but judging by their reply, it seems they have no intention to lower the requirement any time soon. I hope am wrong, though.

well, if they won't adjust, they may not get the interest of players. because it is understandable for some games to require higher wagering requirements. but for some, they need to consider about it. else, in the long run, their casino will suffer because people talk. and if they are not satisfied or not happy about their experience, they will tell to others.
also, what they can do is also look for other casinos, what are their wagering requirements. to see where they are standing. because they will know how to adjust if they know what their competitors are offering.

serjent05

legendary

Activity: 3010

Merit: 1280

Get $2100 deposit bonuses & 60 FS

Quote from: coinerer on April 22, 2023, 11:11:00 AM

Quote from: mak013 on April 22, 2023, 10:52:31 AM

Quote from: Coinbox1 on April 20, 2023, 02:31:38 AM

~

I think that it is possible to limit just for this Dice game. Because all other gamblers, that don`t use this game need to gamble with other odds. You can easily add one more paragraph in the ToS about this game. In such way it will defend your casino and will be fair to the other gamblers.

Dice game can win and lose several times in a minute. So it is possible to earn or lose a lot of money in less time from Dice game. However, this may not be a sufficient reason for having a wagering requirement. And 5x wagering is too much because they are not giving any kind of deposit bonus. There are many trusted sites in the gambling market that do not have any wagering requirements. so it is better to skip this site and move to that site

At the end of the day, it is the players choice whether he will continue gambling in a platform that has an insane wagering requirement or move on to other casino that has a reasonable wagering requirement. Also, if we are new in the site, it is best to deposit a small amount so that when an unexpected event happen, just like the example of @OP, we are just wagering with a small amount. Giving the example by @OP, if you deposit $20 and won $200 and there is a wagering requirement of 5x, you can easily exit with $100 profit because you just need $100 to fulfill the requirements. But regardless, we should always ask the support of anything we are confused of before we make any deposit on the platform. This way it will save us from future troubles.

khaled0111

legendary

Activity: 2702

Merit: 3045

Top Crypto Casino

Quote from: Bitinity on April 20, 2023, 07:40:40 PM

Reduce the x5 to x1 but apply it for game with low odds especially slots will not affect anything because people will prefer to wager x5 on dice than x1 on slots because the risk of losing while wagering can be higher in x1 on slot. It will not make customers happy as well because mathematically it does not give signficant difference. If they want to reduce it to make customers happy, just reduce it without any other rule.

Their reason (whether we agree with it or not) behind the 5x wagering requirement is that games like dice where the player can adjust the win rate (odds) can be abused to complete the wagering requirement with the lowest risks, hence my suggestion to apply the requirement to those particular games. There is no reason to keep it the same for other games too.
Anyway, it was just a suggestion but judging by their reply, it seems they have no intention to lower the requirement any time soon. I hope am wrong, though.

shasan

copper member

Activity: 2380

Merit: 1302

Playbet.io - Crypto Casino and Sportsbook

Quote from: Fatunad on April 13, 2023, 04:50:27 PM

Pretty sure that most casinos do really share up on the same requirement, there might be some differences on which there are platforms who do only ask out 2x of your deposit before you could withdraw and something that do talks about bonuses then this is usually plays around 30x-50x wager requirement which is something that very common and they do differ but not really that much in concern because no matter
which angle you would be looking and going, you are really still at disadvantage.I do agree into a point on which anyone should really be having at least the time on checking out
their terms and conditions so that you wont really get shocked for whatever things that you would be encountering.

Many a casino even allow you to withdraw fund lower than 2X. I have seen multiple sites who allows withdrawal after 1.4x wagering. So, 30x-50x really should be considered as a scam attempt or something wrong which is too much difficult to acquire.

Fivestar4everMVP

legendary

Activity: 2422

Merit: 1083

Leading Crypto Sports Betting & Casino Platform

Quote from: coinerer on April 22, 2023, 11:11:00 AM

Quote from: mak013 on April 22, 2023, 10:52:31 AM

Quote from: Coinbox1 on April 20, 2023, 02:31:38 AM

~

I think that it is possible to limit just for this Dice game. Because all other gamblers, that don`t use this game need to gamble with other odds. You can easily add one more paragraph in the ToS about this game. In such way it will defend your casino and will be fair to the other gamblers.

Dice game can win and lose several times in a minute. So it is possible to earn or lose a lot of money in less time from Dice game. However, this may not be a sufficient reason for having a wagering requirement. And 5x wagering is too much because they are not giving any kind of deposit bonus. There are many trusted sites in the gambling market that do not have any wagering requirements. so it is better to skip this site and move to that site

I personally have made a decision never to gamble on the casino where after deposit, I am required to gamble until certain level before I can withdraw my money, it is just not right to impose a wagering requirement on a fresh deposit that didn't even claim any bonus, it's like forcing me to gamble when I don't want to.

I personally think this is an issue the licensing authorities or what ever body involved in making sure online casinos are operating under the law, should look into and see how an end can be put to such custom.

mak013

hero member

Activity: 2548

Merit: 769

Quote from: coinerer on April 22, 2023, 11:11:00 AM

Quote from: mak013 on April 22, 2023, 10:52:31 AM

Quote from: Coinbox1 on April 20, 2023, 02:31:38 AM

~

I think that it is possible to limit just for this Dice game. Because all other gamblers, that don`t use this game need to gamble with other odds. You can easily add one more paragraph in the ToS about this game. In such way it will defend your casino and will be fair to the other gamblers.

Dice game can win and lose several times in a minute. So it is possible to earn or lose a lot of money in less time from Dice game. However, this may not be a sufficient reason for having a wagering requirement. And 5x wagering is too much because they are not giving any kind of deposit bonus. There are many trusted sites in the gambling market that do not have any wagering requirements. so it is better to skip this site and move to that site

It`s not a problem for a dice game. The problem that the other gamblers have the same requirement. If the casino defend themselves from money laundering(as they say) the other gamblers have to risk like such "cheaters". I think that it is unfair for all other gamblers and it is possible to fix it adding just one paragraph in ToS.

Coin_trader

copper member

Activity: 2800

Merit: 1179

Leading Crypto Sports Betting & Casino Platform

Quote from: panjul07 on April 23, 2023, 09:32:48 AM

Quote from: harizen on April 22, 2023, 05:40:27 PM

But rules are rules, terms are terms. There's no unfair approach to that as in the first place, the said gambling site isn't forcing anybody to play at their site. I believed the wagering requirement for deposits is not usually mentioned on the terms that's why next time, OP should know what to do and charge that experience as his reference in the future.

True, terms are terms and once we created an account in the site and make a deposit, it means that we are agreeing with the terms.
What players need to do is to read terms before making deposit in order to avoid a complain.
About wagering requirement for deposits, casinos should mention it in their terms page especially if the wagering requirement is high enough.

Correct, Most of the casinos indicate the wagering requirements for deposit under the AML/KYC section or Withdrawal of the ToS because that is what is being used for. A casino that doesn't indicate specific requirements means they don't have wagering requirements for deposits since this kind of thing is just introduced a few years ago. I remember that only Fortunejack casino requires x1 wagering requirements deposit but now almost all casinos with Curacao licenses have these rules to counter potential mixing.

In this case, Trustdice clearly stated under the withdrawal terms that x5 wagering requirements are required to withdraw the balance.

I saw other unusual terms on this casino:

Quote

5.6 The maximum withdrawal amount processed to a player is $5,000 per day, $15,000 per week, $50,000 per month unless otherwise specified in the Terms & Conditions of a specific promotion.

How come this casino got whales customers with this kind of withdrawal limit? This sucks tbh including the x5 wagering requirement.

panjul07

legendary

Activity: 3500

Merit: 1354

Quote from: harizen on April 22, 2023, 05:40:27 PM

But rules are rules, terms are terms. There's no unfair approach to that as in the first place, the said gambling site isn't forcing anybody to play at their site. I believed the wagering requirement for deposits is not usually mentioned on the terms that's why next time, OP should know what to do and charge that experience as his reference in the future.

True, terms are terms and once we created an account in the site and make a deposit, it means that we are agreeing with the terms.
What players need to do is to read terms before making deposit in order to avoid a complain.
About wagering requirement for deposits, casinos should mention it in their terms page especially if the wagering requirement is high enough.

gunhell16

hero member

Activity: 1666

Merit: 453

Quote from: coinerer on April 22, 2023, 11:11:00 AM

Quote from: mak013 on April 22, 2023, 10:52:31 AM

Quote from: Coinbox1 on April 20, 2023, 02:31:38 AM

~

I think that it is possible to limit just for this Dice game. Because all other gamblers, that don`t use this game need to gamble with other odds. You can easily add one more paragraph in the ToS about this game. In such way it will defend your casino and will be fair to the other gamblers.

Dice game can win and lose several times in a minute. So it is possible to earn or lose a lot of money in less time from Dice game. However, this may not be a sufficient reason for having a wagering requirement. And 5x wagering is too much because they are not giving any kind of deposit bonus. There are many trusted sites in the gambling market that do not have any wagering requirements. so it is better to skip this site and move to that site

The dice games are just addictive games and also fun with other gamblers. This game of dice games will be applied to other players of martingale, and it is only a good idea to use this technique if you see that you are lucky the day you play here.

Because as you said you can really beat it immediately for seconds if you don't become sensitive to playing as a gambler, this scenario has happened to me several times. And wagering in the casino before a withdrawal is just a normal policy that we as a gambler need to follow this rules. And could you please tell us here the name of the casino that is not requiring wagering before withdrawal?

Tumanggor

full member

Activity: 1050

Merit: 109

1xBit.. recovered their reputation

Quote from: GxSTxV on April 11, 2023, 06:42:56 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.

The minimum wagering for withdrawal is not much different from the minimum withdrawal and the majority of gamblers don't like that

Even so, I realize that not all gambling sites have great liquidity, so they set a minimum withdrawal limit just to maintain liquidity

btw, if you are bothered by the restrictions they make then there are many other betting sites to choose from

Webetcoins

hero member

Activity: 2100

Merit: 546

Leading Crypto Sports Betting & Casino Platform

Quote from: coinerer on April 22, 2023, 11:11:00 AM

Quote from: mak013 on April 22, 2023, 10:52:31 AM

I think that it is possible to limit just for this Dice game. Because all other gamblers, that don`t use this game need to gamble with other odds. You can easily add one more paragraph in the ToS about this game. In such way it will defend your casino and will be fair to the other gamblers.

Dice game can win and lose several times in a minute. So it is possible to earn or lose a lot of money in less time from Dice game. However, this may not be a sufficient reason for having a wagering requirement. And 5x wagering is too much because they are not giving any kind of deposit bonus. There are many trusted sites in the gambling market that do not have any wagering requirements. so it is better to skip this site and move to that site

Well, I don't believe that there is any casino that has no wagering requirement at all even for your deposits since that will be a clear route for money launderers to do their work without even getting into any issues, so they don't allow withdrawing the money directly after depositing and you will need to at least wager it 1x before you can do that.

But for some casinos, it's too high, 5x or higher is a very large multiplier for a wagering requirement and it shouldn't be that way considering the money deposited is our own and we have all the right to withdraw it if we have completed a 1x wagering requirement.

GxSTxV

hero member

Activity: 980

Merit: 742

Quote from: Gyfts on April 22, 2023, 08:10:19 PM

Which casinos offer a 2x rollover? If it's as low as 2x the bonus they're offering must be close to nothing. In passing I've seen them go as high as 10x in the past so it doesn't seem like 5x is that unreasonable depending on what the bonus deposit looks like. I don't really understand the outrage on this thread.
The bonuses always have strings attached in order to provide upside to the casino. It's safe to assume that every bonus deposit comes with the presumption that the casino will try and recuperate the bonuses + initial deposit with rollover attachments.

Sorry if you couldn’t understand this whole topic, i wasn’t talking about requirements of bonuses since i already know that their deposit bonus requires x40 wagering which is a normal thing for a bonus obviously they are not offering free money. I’m talking about no bonus deposits once you deposit some money without claiming any bonus you will have to play with the whole amount at least 5 times. Think about it like this example : you deposit 100$ to your account, you play on slots with 20$ and you win 200$. You wouldn’t be able to withdraw anything yet until playing with an amount of x5 your deposit which equals to 500$ before requesting a cash out. If you find it normal and fair terms i have nothing to say more and i respect your opinion

Gyfts

legendary

Activity: 2828

Merit: 1515

Quote from: GxSTxV on April 22, 2023, 06:00:33 PM

Yes, it is exactly what I faced when I saw the requirement of x5 wagering. I knew that most casinos have a maximum wagering requirement of x2 in worse casees, I never thought it would be more than that but surprisingly it's x5, which I and most players think is too high, even to prevent money laundering or coin mixing.

Which casinos offer a 2x rollover? If it's as low as 2x the bonus they're offering must be close to nothing. In passing I've seen them go as high as 10x in the past so it doesn't seem like 5x is that unreasonable depending on what the bonus deposit looks like. I don't really understand the outrage on this thread.

Quote from: GxSTxV on April 22, 2023, 06:00:33 PM

The Trustdice team is saying that the dice game makes it easy to complete the wagering requirements if it's a small one, so they set it like this but still their right of course, but like this it will make you lose most of the time than winning, with like a 90% chance of losing while trying to wager if not your whole deposit, you will lose part of it, and it's a bit annoying and makes it hard to withdraw profits from the casino.

The bonuses always have strings attached in order to provide upside to the casino. It's safe to assume that every bonus deposit comes with the presumption that the casino will try and recuperate the bonuses + initial deposit with rollover attachments.

AmoreJaz

legendary

Activity: 3122

Merit: 1102

Leading Crypto Sports Betting & Casino Platform

Quote from: harizen on April 22, 2023, 05:40:27 PM

Quote from: Hamphser on April 22, 2023, 02:26:58 PM

Knowing that most platforms would be having that 2x requirement at least on their deposit on which it turns out to be a default thing.

I think OP clearly understands that there's obviously a wagering requirement at all deposits but got surprised that it's around 5x turnover that needed to be fulfilled on the gambling site he's referring to. Usually, the wagering requirement for all deposits at most gambling sites, even crypto or fiat sites, is only x1, especially if there are no bonuses or promotions involved. In that case, those big gamblers that always deposit big amounts have no choice but to wager x5 of their big money deposit which really will take time before can do any withdrawals.

But rules are rules, terms are terms. There's no unfair approach to that as in the first place, the said gambling site isn't forcing anybody to play at their site. I believed the wagering requirement for deposits is not usually mentioned on the terms that's why next time, OP should know what to do and charge that experience as his reference in the future.

the wagering requirement depends on each casino, so one should not assume that it is the same for all. this is why it is always best to check the ToS of the site because their terms vary from each other. now, if you are just assuming with their conditions, then that's clearly your fault.
aside from wagering requirements, it is better to know the casino itself, their reputation, current reviews/feedbacks, existing complaints if there's any, their minimum deposit/withdrawal, kyc requirements, and other vital factors that you may deem necessary once you deposit and decide to withdraw from the site. it is always the responsibility of the player to know the basic services of the casino, so he won't get rekt by the casino.

GxSTxV

hero member

Activity: 980

Merit: 742

Quote from: harizen on April 22, 2023, 05:40:27 PM

Quote from: Hamphser on April 22, 2023, 02:26:58 PM

Knowing that most platforms would be having that 2x requirement at least on their deposit on which it turns out to be a default thing.

I think OP clearly understands that there's obviously a wagering requirement at all deposits but got surprised that it's around 5x turnover that needed to be fulfilled on the gambling site he's referring to. Usually, the wagering requirement for all deposits at most gambling sites, even crypto or fiat sites, is only x1, especially if there are no bonuses or promotions involved. In that case, those big gamblers that always deposit big amounts have no choice but to wager x5 of their big money deposit which really will take time before can do any withdrawals.

But rules are rules, terms are terms. There's no unfair approach to that as in the first place, the said gambling site isn't forcing anybody to play at their site. I believed the wagering requirement for deposits is not usually mentioned on the terms that's why next time, OP should know what to do and charge that experience as his reference in the future.

Yes, it is exactly what I faced when I saw the requirement of x5 wagering. I knew that most casinos have a maximum wagering requirement of x2 in worse casees, I never thought it would be more than that but surprisingly it's x5, which I and most players think is too high, even to prevent money laundering or coin mixing. The Trustdice team is saying that the dice game makes it easy to complete the wagering requirements if it's a small one, so they set it like this but still their right of course, but like this it will make you lose most of the time than winning, with like a 90% chance of losing while trying to wager if not your whole deposit, you will lose part of it, and it's a bit annoying and makes it hard to withdraw profits from the casino.
I have already shared my experience, and I find that Trustdice is excellent in many parts from their support service to how fast I got my cash out after completing all the requirements except for the no bonus deposit wagering terms

harizen

legendary

Activity: 3122

Merit: 1398

For support ➡️ help.bc.game

Quote from: Hamphser on April 22, 2023, 02:26:58 PM

Knowing that most platforms would be having that 2x requirement at least on their deposit on which it turns out to be a default thing.

I think OP clearly understands that there's obviously a wagering requirement at all deposits but got surprised that it's around 5x turnover that needed to be fulfilled on the gambling site he's referring to. Usually, the wagering requirement for all deposits at most gambling sites, even crypto or fiat sites, is only x1, especially if there are no bonuses or promotions involved. In that case, those big gamblers that always deposit big amounts have no choice but to wager x5 of their big money deposit which really will take time before can do any withdrawals.

But rules are rules, terms are terms. There's no unfair approach to that as in the first place, the said gambling site isn't forcing anybody to play at their site. I believed the wagering requirement for deposits is not usually mentioned on the terms that's why next time, OP should know what to do and charge that experience as his reference in the future.

Hamphser

sr. member

Activity: 2604

Merit: 338

Vave.com - Crypto Casino

Quote from: coinerer on April 22, 2023, 11:11:00 AM

Quote from: mak013 on April 22, 2023, 10:52:31 AM

Quote from: Coinbox1 on April 20, 2023, 02:31:38 AM

~

I think that it is possible to limit just for this Dice game. Because all other gamblers, that don`t use this game need to gamble with other odds. You can easily add one more paragraph in the ToS about this game. In such way it will defend your casino and will be fair to the other gamblers.

Dice game can win and lose several times in a minute. So it is possible to earn or lose a lot of money in less time from Dice game. However, this may not be a sufficient reason for having a wagering requirement. And 5x wagering is too much because they are not giving any kind of deposit bonus. There are many trusted sites in the gambling market that do not have any wagering requirements. so it is better to skip this site and move to that site

Which one who doesnt have that wagering requirement in terms of deposit? Knowing that most platforms would be having that 2x requirement at least on their deposit on which it turns out to be a default thing.

They cant just accept deposits and for its users to be withdrawing right away because we know on what are the probabilities when it comes to money laundering on this case.It would be normal that they would
be setting up these rules because of that particular reason. This is why on the time that you do make out some deposit then its always important that you should read up the terms or FAQ section
at least so that you wont really be making out some accusations later on on the time that you would tend to withdraw and tell that the site isnt fair or shady just because they hadnt
released your withdrawal or failed to do so. lol

QueenVera

hero member

Activity: 1106

Merit: 570

Quote from: Negotiation on April 15, 2023, 08:26:32 AM

Betting requires experience few things match the adrenaline rush you feel when you win a bet. Whether you prefer to bet before the event starts or bet as you watch live, betting can be incredibly profitable if you manage your casino site effectively. No need to withdraw here, there are many casino sites that if you bet with experience, you don't mind losing you can place your bet immediately. This difference in risk aversion can be the difference between winning big and wasting a missed opportunity.

Nothing is guaranteed in gambling no matter the level of your experty and for one to wager 10 times of their deposit balance before making withdrawal is actually insane and I think it's too strict and we understand that this principle is to help prevent money laundering and criminality on the casino platforms but I guess in course bof implementing this principles, they are being so inconsiderate to the common man and most times it seems difficult for people to make withdrawals because of the strict wagering requirements.

People have to understand that wagering requirements is a criteria set by a casino to make sure some criminal acts aren't Carried out on their platforms and there is also a wagering requirement that you must wager upto to the amount deposited and that's fair but wagering 10 times the deposited amount isn't an easy one.

Topic: Wagering requirements for withdraw - page 27. (Read 4805 times)