Topic: Wagering requirements for withdraw - page 31. (Read 4805 times)

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.

If the wagering requirements are x50 or more then how many people will be able to claim that bonus? If any casino has such strict wagering requirements then the offer has no validity. Because it is not possible to qualify most of the time. The number of gambling platforms has increased in recent times and they are competing to offer better opportunities to gamblers than ever before. Before joining any casino platform after seeing any promotional offer, read its terms and conditions carefully otherwise will be cheated.

Each casino has its own rules and if we enter the casino, always read the casino rules and if you see that the casino has strict requirements, it's quite easy. Don't make a deposit, rather than just wasting your time just fulfilling the bonus requirements.
50x is a very difficult requirement for me and this is the reason I don't really like betting using bonuses that it bothers me that I have to reach the required limit.

Those people who joined the bonuses are just tempted by the bonus they will get, which is why no matter how many times they read the terms, they still continue to do it, hoping that they can't easily achieve it. Most bonuses right now have a really twist, unlike before, when it was just a simple sign up, deposit, and gamble three times, then you were good to withdraw. Right now, it is very difficult or impossible to get your bonuses, as you need to play them back to the casino and again, you'll lose.

Yes, sometimes people want to feel that they are getting a bonus, regardless of the conditions that must be met, but in the end, they only waste time and lose bets without getting any bonuses.
I think this is indeed the goal of the casino to provide bonuses with conditions that are a little difficult so that gamblers can try to get these bonuses even though they can barely get them.
Another thing like betting 5x wanting to withdraw your own funds is actually not that difficult but for big gamblers it might be a problem.

Crypt0Gore

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5x wagering before having to withdraw your money is a bad trick by the casino owner to try to prevent people from withdrawing all their funds and their winnings off the platform, I won't use such online gambling platform ever again. Honestly, I have never come across such, and would be better if you can tell us the name of the gambling platform but it's cool.

Accept this as a lesson for you mate, next time ToS is not something you will want to miss before depositing money on any casino account, ToS carries some important warnings and information that can save you the stress of any possible action by the casino developers.

lienfaye

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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.

5x wagering requirement? I never encounter such yet, what's the name of the casino? So we'll become aware. It seems like the casino wants you to just play and not minding to withdraw your earnings. Well, it's not a problem if you are playing to entertain yourself but if your main goal is to profit (that's why you're playing) then it's really a big deal.

This is the reason why it's important to read the TOS of the casino to know their rules. So you can decide if you still want to continue playing even after knowing their set rules or find other casinos that is suited for what you're looking for.

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Quote from: serjent05 on April 14, 2023, 05:15:15 PM

Honestly, if a player's intention is purely playing on the casino, the wagering requirement for withdraw shouldn't be a problem. It is mostly a problem for people who wanted to mix their coins to remove traces of their history.

I believe that a 1x wagering requirement is sufficient to prevent money laundering and coin mixing, as many reputable casinos with excellent services have high requirements. During my research I discovered some casinos that only require a $20 bet size before permitting withdrawal using the same deposit method which i think is an excellent approach to prevent these issues and gain more players. A 1x wagering requirement is also reasonable and equitable since depositing $100 necessitates playing at least 10 times with a $10 bet size.

Wouldn't it depend on what country the casino is registered in? I don't really know how the specifics works but I reckon the more prevalent money laundering is in a country, the more strict they are with regards to methods they can use to launder money, hence stricter requirements. Might be wrong though so feel free to correct me.

Quote from: Bitinity on April 15, 2023, 10:45:48 PM

The main problem is that not all casino stated this rule clearly in their terms and conditions page. In other words, it is something like unwritten rules. Maybe by this thread, all casinos that has no written rule about this case will start to write it down in their terms and conditions although most people is not reading it prior to registration. In case of change/modification of such rule, casinos should announce it publicly or inform their players by email or other ways.

Pretty sure that a casino that doesn't state their withdrawal requirement isn't a casino you should play on in the first place? And this thread opened by OP actually has the wagering requirements in the T&C of the casino, OP just didn't bother checking it as he said in his 2nd post in the thread iirc.

xSkylarx

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Quote from: klidex on April 15, 2023, 02:05:37 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.

If the wagering requirements are x50 or more then how many people will be able to claim that bonus? If any casino has such strict wagering requirements then the offer has no validity. Because it is not possible to qualify most of the time. The number of gambling platforms has increased in recent times and they are competing to offer better opportunities to gamblers than ever before. Before joining any casino platform after seeing any promotional offer, read its terms and conditions carefully otherwise will be cheated.

Each casino has its own rules and if we enter the casino, always read the casino rules and if you see that the casino has strict requirements, it's quite easy. Don't make a deposit, rather than just wasting your time just fulfilling the bonus requirements.
50x is a very difficult requirement for me and this is the reason I don't really like betting using bonuses that it bothers me that I have to reach the required limit.

Those people who joined the bonuses are just tempted by the bonus they will get, which is why no matter how many times they read the terms, they still continue to do it, hoping that they can't easily achieve it. Most bonuses right now have a really twist, unlike before, when it was just a simple sign up, deposit, and gamble three times, then you were good to withdraw. Right now, it is very difficult or impossible to get your bonuses, as you need to play them back to the casino and again, you'll lose.

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Quote from: serjent05 on April 14, 2023, 05:15:15 PM

Honestly, if a player's intention is purely playing on the casino, the wagering requirement for withdraw shouldn't be a problem. It is mostly a problem for people who wanted to mix their coins to remove traces of their history.

I believe that a 1x wagering requirement is sufficient to prevent money laundering and coin mixing, as many reputable casinos with excellent services have high requirements. During my research I discovered some casinos that only require a $20 bet size before permitting withdrawal using the same deposit method which i think is an excellent approach to prevent these issues and gain more players. A 1x wagering requirement is also reasonable and equitable since depositing $100 necessitates playing at least 10 times with a $10 bet size.

it is correct that x1 wagering is enough , but the thing here is that the site offers a no deposit bonus in which if we will look deeply , they are giving this in a way to favor them as well by giving that high wager requirements though for me that is too much , at least x2 is perfect for what i believe since they only asking for small amount of deposit amount in minimum.

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Quote from: serjent05 on April 15, 2023, 06:31:49 PM

I agree with you but the discretion on rule implementation is not on the player but on the platform itself. If we find the wagering requirement troublesome then we can avoid these casinos that have high wagering requirements for withdrawal. We do not need to argue about their implementation after all when we clicked to proceed with the registration we agreed unconditionally for any modification and changes that may happen on their terms.

The main problem is that not all casino stated this rule clearly in their terms and conditions page. In other words, it is something like unwritten rules. Maybe by this thread, all casinos that has no written rule about this case will start to write it down in their terms and conditions although most people is not reading it prior to registration. In case of change/modification of such rule, casinos should announce it publicly or inform their players by email or other ways.

serjent05

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Quote from: serjent05 on April 14, 2023, 05:15:15 PM

Honestly, if a player's intention is purely playing on the casino, the wagering requirement for withdraw shouldn't be a problem. It is mostly a problem for people who wanted to mix their coins to remove traces of their history.

I believe that a 1x wagering requirement is sufficient to prevent money laundering and coin mixing, as many reputable casinos with excellent services have high requirements. During my research I discovered some casinos that only require a $20 bet size before permitting withdrawal using the same deposit method which i think is an excellent approach to prevent these issues and gain more players. A 1x wagering requirement is also reasonable and equitable since depositing $100 necessitates playing at least 10 times with a $10 bet size.

I agree with you but the discretion on rule implementation is not on the player but on the platform itself. If we find the wagering requirement troublesome then we can avoid these casinos that have high wagering requirements for withdrawal. We do not need to argue about their implementation after all when we clicked to proceed with the registration we agreed unconditionally for any modification and changes that may happen on their terms.

Quote from: khaled0111 on April 14, 2023, 05:46:33 PM

There are many legit reasons why a player would want to withdraw his funds immediately after making a deposit. Some of those reasons are: not being satisfied with the quality of the service, needing money for an emergency, don't want to keep your coins on a custodial wallet..
On the other hand, requesting a minimum playthrough requirement before withdrawing is understandable to prevent money laundering. It's just anything above 2x is simply not fair.

BTW, thank you OP for compiling a list of casinos with highest no-bonus wagering requirements.

Not only immediately after depositing but even if a player makes a profit within the first few bets after making a deposit with these types of casinos they are likely to lose their earnings and even initial deposit while attempting to meet the imposed requirements. Given that several choices and casinos with similar services are now available I don't believe anyone would choose a casino that demands more than a 2x wagering requirement for a no-bonus deposit, logically speaking

True, I also wanted to withdraw immediately whenever I made a good profit after a few bets but the wagering requirement stops me from withdrawing since I have to comply with the wagering requirement. This situation may lead to more profit or total lost of the funds depending on our luck. But since we agreed on the condition of the platform, else we won't be able to deposit and play if we don't agree, we don't have any option but to follow the rule. I prefer to be quiet about it since I already consented and agree with the rule of the casino when I click to continue with registration.

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Quote from: adzino on April 15, 2023, 12:06:36 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.

If the wagering requirements are x50 or more then how many people will be able to claim that bonus? If any casino has such strict wagering requirements then the offer has no validity. Because it is not possible to qualify most of the time. The number of gambling platforms has increased in recent times and they are competing to offer better opportunities to gamblers than ever before. Before joining any casino platform after seeing any promotional offer, read its terms and conditions carefully otherwise will be cheated.

Each casino has its own rules and if we enter the casino, always read the casino rules and if you see that the casino has strict requirements, it's quite easy. Don't make a deposit, rather than just wasting your time just fulfilling the bonus requirements.
50x is a very difficult requirement for me and this is the reason I don't really like betting using bonuses that it bothers me that I have to reach the required limit.

Hamphser

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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 is how the "deposit" bonus and other "no deposit" bonus works. I don't know why people would think that a casino would give them free money or 250% of their deposit just for adding money to their accounts. Those terms are always unfair to be honest. But I don't think any casino "locks" your initial deposit. That would be straight luring people and scamming them. Most of the time, you can "unlock" your deposit, but your bonus will be forfeited and whatever you lost, will be taken from your balance. Look for casinos that has more fair terms.

When you are still a noob then you would most likely be believing this kind of set up on which you would be reading up those deposit bonuses to have on this way on which you would really be believing that they are really giving out some extra out of the money that you do have deposited and of course you would be mainly thinking that this is easy free money until the time comes you would get stucked into the withdrawal page
which you would be able to read up that you would be needing up to wager.If you arent aware of these rules and terms then you would really be directly be having that kind of impression that you've been dealing with a scammy platform and would really be whining over the public and telling that they are scam or something like that but actually you are really just that making yourself do look like a fool. Cheesy

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Quote from: robelneo on April 15, 2023, 10:24:28 AM

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 is how the "deposit" bonus and other "no deposit" bonus works. I don't know why people would think that a casino would give them free money or 250% of their deposit just for adding money to their accounts. Those terms are always unfair to be honest. But I don't think any casino "locks" your initial deposit. That would be straight luring people and scamming them. Most of the time, you can "unlock" your deposit, but your bonus will be forfeited and whatever you lost, will be taken from your balance. Look for casinos that has more fair terms.

AbuBhakar

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but many of us overlooked it I have a friend who took months of playing in one casino before he learn of the wagering requirement because he already won a big amount of money and wants to withdraw if we just want to have a good time and not expecting to win and withdraw we will not bother with a wagering requirement.
It's part of us being serious players to have knowledge of the wagering requirement some casinos don't have in their FAQ so it's better to ask than assume.

This make sense. User that main goal is to gamble for fun will not withdraw immediately his balance with just a couple of bets that wagering sum up is still below the initial deposit amount but on the OP case, The casino has a high wagering requirements that is above the norm of the casino which even gambling for fun will obviously not enough because x5 wager of initial deposit is very hard especially if the funds is huge. Most likely he will lose part of it even if he already win on the early stage since he will need to wager more.

I think this is what upset him but your first line comment still governs that we shoild read carefully before we play no matter how unfair the casino rules are.

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Quote from: serjent05 on April 14, 2023, 05:15:15 PM

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.

In the first place, users should be aware of it because its part of understanding the casinos' rules and TOS, and if you're an active casino player who has deposited, wagered, and withdrawn many times the wagering requirement is something you should not overlook,

but many of us overlooked it I have a friend who took months of playing in one casino before he learn of the wagering requirement because he already won a big amount of money and wants to withdraw if we just want to have a good time and not expecting to win and withdraw we will not bother with a wagering requirement.
It's part of us being serious players to have knowledge of the wagering requirement some casinos don't have in their FAQ so it's better to ask than assume.

GxSTxV

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Honestly, if a player's intention is purely playing on the casino, the wagering requirement for withdraw shouldn't be a problem. It is mostly a problem for people who wanted to mix their coins to remove traces of their history.

I believe that a 1x wagering requirement is sufficient to prevent money laundering and coin mixing, as many reputable casinos with excellent services have high requirements. During my research I discovered some casinos that only require a $20 bet size before permitting withdrawal using the same deposit method which i think is an excellent approach to prevent these issues and gain more players. A 1x wagering requirement is also reasonable and equitable since depositing $100 necessitates playing at least 10 times with a $10 bet size.

Quote from: khaled0111 on April 14, 2023, 05:46:33 PM

There are many legit reasons why a player would want to withdraw his funds immediately after making a deposit. Some of those reasons are: not being satisfied with the quality of the service, needing money for an emergency, don't want to keep your coins on a custodial wallet..
On the other hand, requesting a minimum playthrough requirement before withdrawing is understandable to prevent money laundering. It's just anything above 2x is simply not fair.

BTW, thank you OP for compiling a list of casinos with highest no-bonus wagering requirements.

Not only immediately after depositing but even if a player makes a profit within the first few bets after making a deposit with these types of casinos they are likely to lose their earnings and even initial deposit while attempting to meet the imposed requirements. Given that several choices and casinos with similar services are now available I don't believe anyone would choose a casino that demands more than a 2x wagering requirement for a no-bonus deposit, logically speaking

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Quote from: Mr. Magkaisa on April 15, 2023, 02:57:28 AM

- Almost all crypto gambling have their rules like that if you are one of the players where once you enter money on their platform you really have no other choice but to use it to match the money you deposited. Apparently, even if they say their minimum withdrawal limit is 20$, you must first accumulate at least 100$ on their platform.

This means that even if you only entered 20$ and you were able to play with 20$ that you often win and lose, if your total playing on their gambling platform reaches 100$ you can reach 100$ wagering even You only put in 20$, this is what I think is happening in the casino platform in crypto.

By having an experience like that, we shouldn't be surprised by what we experience in some other casinos. That is why we don't need to deposit such a large amount of money because each casino has different regulations. It's to prevent us from happening like you said so we won't have an unpleasant experience. If we don't try to avoid it, we won't be able to enjoy gambling and will only get frustrated with the rules because we will see them as unfair.

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Quote from: Bitinity on April 11, 2023, 08:40:18 PM

5x wagering requirement for a normal deposit before you can withdraw your money? It seems to much, as long as I know the wagering requirement for normal deposit without bonus is only 1-2x in most casinos. 5x is just too much if you ask me but if we are talking about whether it is fair or not, it is obviously subjective question. However, every casino has their own terms related to deposit and withdrawal. It sounds unfair because you did not read the terms in advance, if you read it earlier, I'm sure you will not make a deposit because of the 5x wagering requirement of your deposit. This is why it is always important and recommended to anyone to read terms on conditions of the casino before making the 1st deposit or even before creating an account so we wont regret something because we did not read.

No casino site has the right to mandate wagering for withdrawals without any bonus on a normal deposit. But if a casino site offers a deposit bonus then it is natural that they will have wagering requirements. Because without that anyone can deposit any amount and withdraw all the amount without gambling with the bonus. In this case, the casino site will not make any profit, on the contrary, it will be a loss. therefore, before using any casino site, you must read the terms and conditions carefully so that you don't feel unfair after making a deposit and don't get victimized by anything. So if the op has made a deposit with a requment that he will get a 20-200% bonus after deposit and he accepts it then he must fulfill the requment wagering. The casino site is in no way responsible for this

If the wagering requirements are x50 or more then how many people will be able to claim that bonus? If any casino has such strict wagering requirements then the offer has no validity. Because it is not possible to qualify most of the time. The number of gambling platforms has increased in recent times and they are competing to offer better opportunities to gamblers than ever before. Before joining any casino platform after seeing any promotional offer, read its terms and conditions carefully otherwise will be cheated.

If it is a deposit bonus then every user will get his desired bonus as soon as he deposits before completing the wagering but he cannot withdraw any of his original funds or bonus before completing the wagering requirement. that is the point mate

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Quote from: Mr.right85 on April 14, 2023, 05:58:52 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.

If the wagering requirements are x50 or more then how many people will be able to claim that bonus? If any casino has such strict wagering requirements then the offer has no validity. Because it is not possible to qualify most of the time. The number of gambling platforms has increased in recent times and they are competing to offer better opportunities to gamblers than ever before. Before joining any casino platform after seeing any promotional offer, read its terms and conditions carefully otherwise will be cheated.

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