Wagering requirements for withdraw - page 33.

rodskee

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

Quote from: shasan on April 13, 2023, 04:42:22 PM

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.

You have not read their terms it might be our fault. But when a casino (gambling site) asks to do a 5x wager before withdrawing and a 50x requirement for any type of bonus. Would you like to add the casino (gambling site) on the op so that the community can be aware of the site and make sure before depositing on the site?

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.

well that is truly a high requirements specially since they are attracting players with Bonuses in which seems to be a no deposit requirements and this is the way they want you to deal with them longer .
because the moment you won and need to cash out, then the problem will be there and yes you need to decide if will continue or give it up and like what most answers here , it is the reading of terms and rules must be needed before engaging.
there might be no bad issue here but for me personally this is too much to ask for each players.
maybe it is still best to try other site that has small requirements than this one or else live with it.

Fatunad

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Quote from: shasan on April 13, 2023, 04:42:22 PM

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.

You have not read their terms it might be our fault. But when a casino (gambling site) asks to do a 5x wager before withdrawing and a 50x requirement for any type of bonus. Would you like to add the casino (gambling site) on the op so that the community can be aware of the site and make sure before depositing on the site?

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.

shasan

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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.

You have not read their terms it might be our fault. But when a casino (gambling site) asks to do a 5x wager before withdrawing and a 50x requirement for any type of bonus. Would you like to add the casino (gambling site) on the op so that the community can be aware of the site and make sure before depositing on the site?

paxmao

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Quote from: wiss19 on April 13, 2023, 12:40:20 AM

You said it yourself, it was your fault that you didn't bother reading the complete terms and conditions before going ahead and making a deposit. A trusted and reputable casino shouldn't have a wagering requirement for a normal deposit of about 5x, most of the time they don't have a wagering requirement for deposits but even if they do, it shouldn't be more than 1x of the deposit amount.

So in a normal casino when you deposit $1000, you will be required to have a wagered $1000 before you can request a withdrawal, even if the withdrawal amount is higher than the deposit, if you have met the wagering requirement, you should be good. If the amount is too large, they might ask for KYC.

Reading the terms and conditions is important and yes, legally, you can argue that is the player's fault. However, even if a rule is in written and is clearly expressed and is part of the terms it may still be abusive and even sometimes can be legally challenged as it is not a negotiated agreement, but a set of conditions that you have to either fully accept or fully reject.

DoublerHunter

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Quote from: Haunebu on April 13, 2023, 06:46:35 AM

I usually invest in crypto gambling sites with low wagering requirements in order to avoid these sort of issues. Their rules state that I need to wager my entire deposit X1 in order to withdraw my funds which is perfectly reasonable.

As some of the posters above suggested, read the T&C thoroughly and invest only in sites with low wagering requirements.

^This is very important among them all and should always remember.
Read the terms and conditions or TOS of any gambling site you plan to use, including their wagering requirements. Because I understand why the casino does this because of the bonus they have, wagering requirements are a way of reducing the risk of bonus abuse and ensuring that players are actually engaging in the type of gambling that the casino intends to incentivize. Players wager a certain amount before withdrawing any winnings because possible casinos are able to keep players on their site for longer periods of time, increasing the likelihood that they will continue to gamble and potentially lose more money.

Blitzboy

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Oopsie daisy! Seems like someone bypassed the small print! No sweat, it occurs to the best of us. But honestly, gambling's about risk-taking and excitement! Who wants to read dull terms and conditions? Let's spin those reels and wish for a jackpot!

Now, for a moment of solemnity. As a prudent gambler, understanding the rules matters. Wagering requirements might be a bummer, but they safeguard players and casinos alike. And hey, once the requirement's met, you'll be raking in the moolah!

Finally, let's concentrate on the upbeat. When gambling, staying within your means and not wagering your life savings is crucial. Adhere to your budget, have a blast, and recall, the house prevails eventually. But does it matter? As long as we're having a ball, that's the spirit! Now let's return to the casino and tackle those slots with gusto!

darewaller

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Quote from: FatFork on April 12, 2023, 02:20:56 AM

Totally feel you on this one! It's pretty shady to have those crazy high wagering requirements without even offering a bonus. Feels like they're trying to trick people into depositing more and more money without giving them a fair chance to win anything. I get that it's a casino and all, but come on, let people withdraw their winnings without jumping through hoops! I know it might hurt the casino's bottom line a bit, but they're already raking in the dough with that house edge, so it's not like they're hurting for cash.

Personally, I think a 1x wagering requirement is more than reasonable for a deposit without a bonus. And I think most people understand that it's part of the deal when they deposit money into an online casino. The good news is that there are plenty of options out there with lower or no wagering requirements, so it's always a good idea to do your research and read the ToS before depositing any money.

There is no such thing as this before but it only got popular when regulations hit cryptos. That is to possibly prevent the fraudsters from doing illegal acts but usually, the wagering requirements for non-bonus deposits on most casinos is only 1x. It's not that hard to achieve. Those who offer higher than that, are just strict or they truly have the intention to trap users and make them lose in the long run.

We better avoid them at all cost. I found out that the casino the OP referring to is newly famous one. I tried playing on them a couple of times but there's only one time I experience to be lucky and win. Fortunately I'm able to withdraw it. I also didn't read the TOS but I am sure that I wager decent enough to be able for my withdrawals to pass. Never played on them after some time but they better changed that policy if they want me and others to come back on their site.

cafter

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that's why i started this thread : https://bitcointalksearch.org/topic/m.61863968

there some researched casino that i found, but you can go to chat support page and recheck every term and conditions.

Coin_trader

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Quote from: delfastTions on April 13, 2023, 12:05:11 PM

Usually, ToS are compiled in such a way that many nuances on the issue, first of all, payments to players, are hidden under rather tricky and vague wordings in different points of the ToS.
To be able to interpret them in different ways....

This is applicable only on shady casino but the typical ToS of reputable casino is straight forward and easy to interpret by readers. It just too long for user to patiently because it was very detailed to cover most case scenario of players that might possibly encounter while playing. But intentionally making it as misleading is not the goal of the casino because they are using it too to make a case against the user that has a complaint to their service so it’s important that it will be straight forward so that it will not use against them as repercussions for their poorly wordings.

On this case. Casino lure him to deposit without reading the ToS through the appetizing bonus that doesn’t have wagering requirements or the user is just honestly trying to play without reading the ToS which lure him accidentally to the trap meant for the bonus hunters.

Golden rule here is read the ToS at all times.

delfastTions

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Quote from: maydna on April 13, 2023, 11:25:56 AM

Quote from: mak013 on April 13, 2023, 06:16:28 AM

It seems that you find scam casino. I don`t know any normal casino with x5 requirements for withdraw. But with such ToS they can easily get your money and you can`t do anything with it. One more situation why we need to read ToS before deposit. And we can choose for gambling some casino from this board with long history and positive feedback.
PS. I hope you don`t lose much in this casino.

Even though there is a 5x requirement for withdrawal, it doesn't seem too heavy especially if we manage to win some money.
But if we don't win the money, we don't need to deposit any more money just to satisfy our curiosity because it's not worth it. We should look for other casinos that don't have too high requirements that can be burdensome for us to achieve them. And yes, reading the ToS is recommended to avoid choosing the wrong casino. This has happened to many people and we already know about it so we better read the ToS carefully.

Usually, ToS are compiled in such a way that many nuances on the issue, first of all, payments to players, are hidden under rather tricky and vague wordings in different points of the ToS.
To be able to interpret them in different ways.... After all, it is not in vain that the legal services of the casino try to cover almost all conceivable and even exotic and unlikely events with the rules. Everything is aimed, of course, not so that players can always easily withdraw money from their casino deposit to their account, especially if they are lucky and they win big.
Here, for many people, for example, they may require a "sudden KYC", which the player did not expect at all.
And the problem begins for those who cannot, or simply do not want to give their personal data to the casino.
Well, this is how this business works, you have to be prepared for any troubles, such as this unexpected and damn KYC. Angry

maydna

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Quote from: mak013 on April 13, 2023, 06:16:28 AM

It seems that you find scam casino. I don`t know any normal casino with x5 requirements for withdraw. But with such ToS they can easily get your money and you can`t do anything with it. One more situation why we need to read ToS before deposit. And we can choose for gambling some casino from this board with long history and positive feedback.
PS. I hope you don`t lose much in this casino.

Even though there is a 5x requirement for withdrawal, it doesn't seem too heavy especially if we manage to win some money. But if we don't win the money, we don't need to deposit any more money just to satisfy our curiosity because it's not worth it. We should look for other casinos that don't have too high requirements that can be burdensome for us to achieve them. And yes, reading the ToS is recommended to avoid choosing the wrong casino. This has happened to many people and we already know about it so we better read the ToS carefully.

Haunebu

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I usually invest in crypto gambling sites with low wagering requirements in order to avoid these sort of issues. Their rules state that I need to wager my entire deposit X1 in order to withdraw my funds which is perfectly reasonable.

As some of the posters above suggested, read the T&C thoroughly and invest only in sites with low wagering requirements.

Maslate

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Quote from: coin.princess on April 13, 2023, 05:20:42 AM

Quote from: logfiles on April 11, 2023, 06:59:47 PM

That should be an eye open to you.

First things you look at before even signing up for a casino are wagering requirements, minimum deposits, minimum and max stake amount, minimum and max withdrawal amounts, the terms of service.

The other thing is casinos are designed to making winnings, so they will do whatever they can to keep your deposit.

"The wagering requirements are put in place so that you don't use our platform as a money laundering service" is what they always say.

Yes this is always what they say but the reason for it is to make sure that you would hardly be able to withdraw your money. With that wagering requirement I'm sure that you'll lose along the way, I still consider the sites that you can withdraw anytime you like without any commitment and any hidden tricks just to take away your money. If it is a bonus money I think it is reasonable to have a high wagering requirement as a challenge but for normal deposits, that's really big no for me.

For gambling sites to be able to give that freedom to clients, they should charge a withdrawal fee, and then that's it.

However, there are sites that like to protect the interest of the company. I mean, the interest is to make a profit, but if some gamblers are just abusive enough to deposit their funds and then withdraw them later without gambling, for the purpose of mixing the funds, that should be looked at too.

One should understand that if we deposit in a gambling site, we have the intention to gamble. So, why deposit if you'll just withdraw right away?

mak013

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It seems that you find scam casino. I don`t know any normal casino with x5 requirements for withdraw. But with such ToS they can easily get your money and you can`t do anything with it. One more situation why we need to read ToS before deposit. And we can choose for gambling some casino from this board with long history and positive feedback.
PS. I hope you don`t lose much in this casino.

coin.princess

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Quote from: logfiles on April 11, 2023, 06:59:47 PM

That should be an eye open to you.

First things you look at before even signing up for a casino are wagering requirements, minimum deposits, minimum and max stake amount, minimum and max withdrawal amounts, the terms of service.

The other thing is casinos are designed to making winnings, so they will do whatever they can to keep your deposit.

"The wagering requirements are put in place so that you don't use our platform as a money laundering service" is what they always say.

Yes this is always what they say but the reason for it is to make sure that you would hardly be able to withdraw your money. With that wagering requirement I'm sure that you'll lose along the way, I still consider the sites that you can withdraw anytime you like without any commitment and any hidden tricks just to take away your money. If it is a bonus money I think it is reasonable to have a high wagering requirement as a challenge but for normal deposits, that's really big no for me.

gunhell16

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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.

I have never seen a casino here in cryptocurrency where the total wagering before you can withdraw is 5000$, that's too high. Because of my experience, the wager requirements for you to withdraw whether you win or lose must total 100$, and once that is met, you can withdraw money from the casino platform.

I just don't know in other casinos if they have such a wager amount of 5000$, but I don't think so. Because if there is something like you said that is very unfair, it is still important to learn to read Tos first before entering money in any casino platform here in the crypto business.

Natalim

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Quote from: Bitinity on April 13, 2023, 02:48:29 AM

Quote from: rodskee on April 13, 2023, 02:18:04 AM

but since they are offering a no wagering bonus that is maybe the reason why they are putting this high wagering requirements , like what OP says he needs to withdraw his winning from that bonus game so he is require to deposit and wager first and i think that is a fair play if you are playing from bonus but if you are a regular player who only wants to try getting your luck? like one time hitting ? then i believe that this is not the appropriate site.

With or without bonus, trustdice requires you to wager your deposit 5x before you are allowed to withdraw your money. I prefer not to talk about it is fair or not because a casino reserves the right to have their own rules but I just want to say that 5x wagering requirement for deposit without bonus is just ridiculously high. Hopefully by this topic, trustdice will consider it as suggestion for them and they can adjust their wagering requirement to make it more reasonable.

I agree with that. Other casinos also have wagering requirements. I had an experience with one casino where I tried to withdraw the amount I had deposited since they didn't have the odds of the game I wanted to bet on. However, my withdrawal did not push through, so I contacted support. They said that I needed to wager the whole amount first before making a withdrawal, but the wagering requirement was only x1, unlike the x5 requirement that OP is discussing.

Bitinity

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Quote from: rodskee on April 13, 2023, 02:18:04 AM

but since they are offering a no wagering bonus that is maybe the reason why they are putting this high wagering requirements , like what OP says he needs to withdraw his winning from that bonus game so he is require to deposit and wager first and i think that is a fair play if you are playing from bonus but if you are a regular player who only wants to try getting your luck? like one time hitting ? then i believe that this is not the appropriate site.

With or without bonus, trustdice requires you to wager your deposit 5x before you are allowed to withdraw your money. I prefer not to talk about it is fair or not because a casino reserves the right to have their own rules but I just want to say that 5x wagering requirement for deposit without bonus is just ridiculously high. Hopefully by this topic, trustdice will consider it as suggestion for them and they can adjust their wagering requirement to make it more reasonable.

rodskee

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Quote from: Strongkored on April 13, 2023, 01:21:23 AM

Quote from: wiss19 on April 13, 2023, 12:40:20 AM

most of the time they don't have a wagering requirement for deposits but even if they do, it shouldn't be more than 1x of the deposit amount.

There is no casino that doesn't have a wagering requirement for deposits made by players and this is one way for casinos to avoid money laundering, but usually only 1x or 1.5x and 5x is quite high. Casinos have calculations when implementing rollover on deposits such as considering the house edge in their games, and if the casino where Op plays implements that then he can play in games with low HE so that there is an opportunity to withdraw money and bonuses obtained.
Indeed, reading the rules at the casino is important because if we are reluctant to waste a minute reading it, it is very likely that we will waste our money there because there are rules that must be met but we are reluctant to do so.

but since they are offering a no wagering bonus that is maybe the reason why they are putting this high wagering requirements , like what OP says he needs to withdraw his winning from that bonus game so he is require to deposit and wager first and i think that is a fair play if you are playing from bonus but if you are a regular player who only wants to try getting your luck? like one time hitting ? then i believe that this is not the appropriate site.

klidex

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Quote from: GxSTxV on April 12, 2023, 12:59:13 PM

I will keep this thread updated as soon as I find some time to make the minimum deposit and try to wager 5x my deposits which will be 15 USDT as mentioned in terms. I have contacted the casino's live support and confirmed that there are no additional conditions for withdrawing my profits and deposited amount once I meet the required terms to avoid any other extra requirements.
But to be completely honest with you and not to blame Trustdice for imposing such conditions which is totally their right. they responded respectfully to all of my inquiries and questions. That’s why I’m hopeful that I will be able to withdraw my profits soon While the small profits are not my very concern I would like this casino to demonstrate its honesty and legitimacy even having some terms we as gamblers wouldn’t agree on them.
As many users are promoting for this casino i hope it will be a legitimate and prove it as they always did in the past.

I once bet at the casino you mean, It's annoying but it was my own fault for not reading the rules when I wanted to withdraw funds, I was refused.
But luckily I understood these requirements after that I tried betting on several types of bets to be able to reach the 5x bet requirement of the deposit amount.
That time I deposited $25 and I did in craps betting and sports betting and waiting for some time to be able to withdraw my funds.
Even though it's a little regretful but I've been able to withdraw my funds from there and leave the casino for a while.

Topic: Wagering requirements for withdraw - page 33. (Read 4805 times)