Topic: Wagering requirements for withdraw - page 34. (Read 4805 times)

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.

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.

Use this card my friend





From my POV you have two options:

1. Forget about the $90 you won and move on.
2. Deposit the 0.0005 BTC, go to dice, crank the win chance to the max, which is 95%, do 5 rolls and hope you don't loss.

That's because casinos don't want to see any money going out of their business and only want money coming in from gamblers.
Maybe 1x-5x betting is normal, but if it goes above 10x and even up to 20x or 50x, that's very unnatural and we have to really stay away from the casino.
Most people are not careful in reading the TOS of casinos so they don't realize that there is a section in their regulations that requires gamblers to bet up to a certain amount.
We can't do anything about it and just keep trying to use the money and hope we can win a lot of rounds.
But maybe we can use a small bet to get past the betting limit but still, it will eat up all of our deposit money especially if we lose.

I noticed this also in new casino. I know it is your fault by not reading TOS but it is also good to find feedback from other gamblers about the casino. That is really a scammy move but that is thier way to prevent abusing their bonus, i remember before there are a lot of abusers on this that is why casino are getting smarter on this. This is really unfair to those not heavy gambler I mean it is just after for profit though i am also against on it but those who last in casino are those gamblers that wants to gamble a lot

Shady and completely unnecessary, that's the 2 words I could describe for such kind of online casino. They knew how to attack their clients that it looks like what they do was legal so putting it in the TOS would work because most of us skip that part when trying to access a new online casino. I mean, why would a casino impose a wagering limit when you're using your own money? Wagering limit before you can withdraw is only applicable with sign up and deposit bonuses, but it's a big NO NO if they're doing it even with your own deposited money.

That's pretty cunning. Gamblers are usually compulsive in nature, who reads tnc? I have been to a few casinos, they didnt have such conditions and honestly never in my wildest dream would expect my own money to be locked.

I assumed these roll-over requirements only applied to bonus given and not to your own deposited money, your own money should be available to withdraw anytime/anywhere because well it's yours.

5x wager requirement is an overkill. Can I ask which bonus did you applied? Was that term written in the bonus terms or the cs just told you that?
It's just a ploy to get you to keep playing and then eventually if your luck runs out, the winning you initially got will eventually lose.

I've seen so many players that falls to ridiculous casino sites that gave as much as 10x additional wagering requirement to players even though it is not written on the bonus terms.

Anyway, it's still a profit for you if you do comply.

you don't have to bother answering that mate it is obvious that he Only read the title and not the post itself so expect this kind of reply , and obviously as you are not new in this forum . that is a common scenario we can see in almost every thread 

(considering that he wears that sig the site is involve  )

that should be 15$ ATM? and need to wager at least 75$ before the withdrawal allows you? well that is fair amount if you are tending to take your bonus win at least amounting more than that.

Hope you'll find way in resolving this sooner mate, goodluck.

God! Did i lose my ability to understand English or it’s just you that doesn’t make any sense? I’m not sure how you got accepted in Trustdice campaign in first place with all my respect.

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Please for those who are still claiming that the deposit was my fault kindly read the entire story and my replies here before responding and repeating again. I joined the casino and claimed their bonus. I played, and fortunately I got lucky and managed to turn $2 into approximately $90. I will provide further details on this matter when i try to meet the casino’s conditions
However after requesting a withdrawal first time when i didn’t knew about the terms my account was banned for a different reason ( they claimed that i used multiple accounts) so I reached out to the casino's representative here. He assisted me in recovering my account and said that it was an anti spam system or so…
Now so i can withdraw both my winnings and deposit, I must deposit at least 0.0005 BTC and wager it x5 times.

I already posted here that it's not reasonable but if you register here, play, and deposit you agreed to whatever terms are on their policy, so if you made a complaint out of it after you play and lose then it's not the casino's problem, the hardest part is when you try to withdraw and you are not yet qualified to withdraw your earning because you did not read the TOS.
Not all casinos are the same when it comes to their TOS but 5x wagering will give them a disadvantage on gamblers' attention.
 

Well, regardless of whether it is fair or not, you yourself are well aware that it is entirely your negligence. So, always try to read carefully every requirement that is given by a casino regarding the bonuses they offer. especially, if you are a new member at the casino. actually, what you are talking about is a common problem for gamblers. Not infrequently, we gamblers don't really care about the requirements included by the casino, whether it's about bonuses, promos, deposits, withdrawals, we tend to always equate with our favorite casino. even though, sometimes every casino has different terms and policies. moreover, related to the case that became your experience. I'm sure you have realized the importance of always getting used to reading first. be it ToS, or anything related to bonuses and promotions. at least, you have valuable experience and you can make it a lesson. Next, you will no longer be careless before reading thoroughly regarding things like what you describe in this thread. related to the term unfair, I can not draw conclusions too far. because every casino has its own way. So, like I said before. make it a habit to read through first, and if it's not ideal, you should just ignore it.

5x withdrawal requirement for a normal deposit is overkill.  Most casinos implement 1x wagering withdrawal.  This casino tends to not let their player exit with their funds intact, and aim to suck all the deposited money for the platform's profit.  I would gladly know which casino is this so that I can avoid their terrible wagering requirement for the withdrawal of normal deposits.


Not only 80% I think it is 90%+ of the possibility of losing the deposit before being able to withdraw the fund.


It is unfair if it is not agreed upon by you.  But they already stated that on their TOS, so with your consent by accepting the terms and conditions, it is fair that they implement that rule.  The only unfair things is that if they do not estate the rule and implement it without notifying the players first hand.

I'm just surprised that no Trustdice players come here to not only verify the wagering requirements but also complaint about the wagering requirement, it could be that they are not aware of it, or they are comfortable with it or they are hitting the wagering requirements and have withdrawn their winnings or they keep losing and have not made withdrawals.
Although it's not a scam accusation casinos have their own reasons and policies and its the gambler's obligation to read them and understand them, failure to follow your complaint about the wagering requirements will be dismissed.

What are you saying, bro? I see no point here to be candid. Fine, casinos are in the business to make money, and it would even be unfair for anyone to deposit money and withdraw it without wagering with it. It will be as if their (casinos) time and technology are being wasted or toyed with. But your defence of 'a must wagering,' which at times will be difficult to fulfil is out of it as your point that bad people use them for mixers is not valid for a reason one has to wager.

If casinos want to follow a strict money laundering procedure, they would. They would simply process withdrawals back to the originating account/address, and that ends the reason for your claim.

This is the reason those wager requirements were established on the first place, casinos do not really like the idea of forcing their customers to go through those wager requirements but they do not really have any option, when they did not had those requirements hackers and scammers took advantage of their good will and used them as cheap alternatives to mixers, and most likely a few casinos got into some legal trouble because of it and since then they changed their policies to avoid those abuses.

I would have not expected Trustdice to have such Terms and Conditions, to be honest. Considering they are dealing with gamblers who could perfectly move onto other casinos without such high requirements in order to withdraw one's money.

It is easy to understand those requirements to be applied to bonuses and while the money laundering is a problem and it can be fought with wagering requirements, this is kind of out proportion. Hopefully they can opt for more competitive min-wager in the future, otherwise, they may lose some of their gamblers. 

And this is where you should really be making yourself that aware about these platforms are regulated or something that been governed on which means that every deposit should really be having that wagering requirement. Why? We do know on the word "Money laundering" and if ever these sites or platforms doesnt really have that kind of rules then they would really be mainly be used as mixers specially to those
people who do launder up huge money which means that they could deposit and easily withdraws just to mix up their coins and cover up their traces.This is what they dont really like
for their company to be suffering any violations and also this had been a default thing for a while now.You would definitely get shocked if you are just a first time gambler.

I have had unpleasant surprises because when I play and without reading the terms and conditions it is something that I cannot conceive, in some casinos they have asked me for 30x requirements and that is something very exaggerated for me, that is why I do not like to deposit in Once I get to know the casinos, that is something that limits me a lot, and when there are some casinos that are new, I am more careful. Those casinos do not give away anything, what they do is make them deposit the money and then keep it, because 20x who makes them? is that a 10x is difficult.

well, certain casinos like Trustdice create TOS as a weapon against customers, and it is obvious that Trustdice's objective when creating this 5x wager rule is not because they want to prevent money laundering in their casino, their main objective when they created this rule is precisely to prevent many people from being able to withdraw money from the casino, their strategy is that when one person or many people make deposits, for example if they have 50 customers who have made deposits, probably only 5 customers will be able to meet the deposit requirement. 5x wager and the rest of the customers will have to play until they lose everything, so this casino will make a lot of profit in a way that is not good in terms of common sense.

as this is not a crime and when people create an account they are agreeing with their TOS so they cannot also be accused of a scam, but without a doubt that this is shady behavior, and when a casino uses this kind of shady behavior to profit from customers then this casino will be able to do much worse things in pursuit of profits and will always resort to their TOS, it is recommended that people do not use this type of casinos, even if the casino offers many bonuses, this type should always be avoided of casinos, because even they are capable of failing KYC or using every dirty method in their power to not let customers make withdrawals and will always use their TOS to justify their behavior