Topic: Wagering requirements for withdraw - page 6. (Read 4805 times)

No mate I don't know of any casino that offers such a low wagering requirement that is below 1x and most time I play on stake.com and a couple of times that I make deposits into my account,  I was not given any bonus and that is ok by me since I ain't be subject to any wagering requirement before I withdraw,  and also I have made a lot of winning and withdrawal without any issues.

This makes me to be more at home without bonuses since bonus hunting will always bring about wagering requirements,  but then at that, we have to consider other gamblers who go about chasing the bonuses and this is included in the entire number of active gamblers and must be included in this discussions. 

So that is what brought about the mentioning of the casino with low wagering requirements and those that don't have such high wager requirements,  but due to anti-money laundering policies,  every deposit require at least 1x wagering,  but not all casino have such MLA and some have a higher wager requirement.

Although this topic is not about wagering requirement on bonuses but your statement makes me interested to reply.
Anything above 1x is already a red flag for wagering requirement on bonuses? I have no idea how can you say like this while there is no single deposit bonus that comes with lower than 30x wagering requirement.
I'm wondering what do you know about wagering requirement on bonuses in this gambling industry that might be something other's do not know including me.
Would you share which casinos offer deposit bonuses with low wagering requirement (under 1x) in order to make it a green flag?

I am still a supporter of the option of partial confirmation of a specific person who sends a transaction in cryptocurrency.  
The fact is that the mass distribution of biometric technologies for identifying a person by fingerprint or iris may well guarantee that some action related to cryptocurrency was performed by the person who was initially registered using these biometric data, for example, on a casino website.  At the same time, it is not at all necessary to find out the name, surname, address of residence of this person, which greatly simplifies the possibilities of crypto payments.  So KYC, I really hope it will gradually be used less in the field of payments in cryptocurrencies.  Ideally, KYC will remain only in banking transactions with fiat currency.  But I understand that these are most likely dreams and unrealizable dreams, but in any case, for all fans of cryptocurrencies, the rejection of KYC in its classic version with documents and confirming utility bills and taking people a lot of time for all this nonsense, I think most people would like it.[/quote]

Totally ends up on your own preference and liking because majority of us wont really be liking that on giving their personal details or documents on any platform and since we are talking about crypto space on which there would be those people who would really be having those impression that KYC is never should really be applied on this space but we know that business are really that involves huge money cant really be that easily be
able to skip out on government rules and regulations on which it would really be that common that they would really be that needing to get a hold with these businesses.
Wagering requirement for all of deposits is really that a must because they are really abiding government rules and conditions on which it would really be normal on having this kind of approach.
This is why its not really that shocking anymore on why they would really be setting up these rules.

Logically right, if you trust the site that you are using KYC is not a problem but you are treating it as an advantage as you do believe that you will not have experience any problem or possible it will lesser chance of having a problem with verifying the transaction if you are fully verified, delayed or any freeze on the account will be possible not to happen though exemptions for those who are suspicious or there's something that's not right on the account.

Moving back to the topic, wagering requirements from the site which you don't feel any security may prevent you from submitting your KYC. After the wagering, the chance that the site will require you to submit personal detail will follow. Not good for the business, since gamblers will not continue to play..

Being safer is definitely better than being anonymous or having privacy when you are gambling with a casino that has a proper license and has been around for a long time already, you won't be worried that your funds will be stolen or you won't get paid if you manage to get a big win and have completed all the requirements, but you can't have the same thoughts about a casino that might not ask you for KYC but doesn't have all other things that I mentioned above.

Also, soon enough, all the casinos will be regulated and almost every single person will have to go through the KYC process to be able to gamble on any platform, new or old. Even the decentralized platforms will be regulated in the future, that is when this thing of not being comfortable doing KYC will be gone.

You're right I won't even consider going on a wild goose chase to look for a casino that offers good wagering requirement, because you'll definitely not discover any, i don't consider the bonuses as well because what this casino sites do is that they try to lure you into signing up with huge offers and bonus that mostly turns out a waste of time at the end, I mean what's the point offering me a bonus and ask me to wager a fee before I could get it, to me it's just like offering a gift and involving a task before I could be able to claim the gift item you get for me, it should be considered a bonus since I'm wagering to claim it.

 Also I don't consider using any site that's been red flagged by the forum and 1x is not exempt, no matter the bonus or low wagering demand they offer, I don't think I'll consider giving a second thought about gambling with that platform since it's already been condemned by the forum and like you stated i won't like to lose all my deposit because I want to claim a bonus when I already know what's at stake.

exactly  because bonus hunting have become one of the major source for discomfort for gamblers lately due to the fact that most pf them who run after bonuses always end up in frustration because in trying to meet the wagering requirement that is attached to the bonus,  their end up losing their already winnings and ultimately drain out their entire balance in trying to reach the wagering requirement and this have become a bigger challenge for gamblers and that is why we always advice to you avoid bonuses as much as possible and if you must take any bonus it should be a the with the lowest wager requirements,  let say anything above 1x is already a big red flag to avoid if not you may lose your deposits including winning trying to meet a high wager requirement on bonuses.

The other part where I may not agree with you or not be clear about what you mean is in the last paragraph where you state that looking for a casino with an easy wagering requirement,  the point is that,  no casino has an easy wagering requirement of mechanism different from the general perspective,  but the highest a casino can do is to place a low wagering demand let say 1x requirement is still ok.

But when faced with a choice I prefer to use a licensed casino because it has been proven that they are officially registered from the existing operational permits.
Even though I have to provide KYC it's not complicated because I believe they have security and can protect the personal data information that is provided.
But back again that not all gamblers can accept KYC just for anonymous and security reasons.
Everything depends on our goals and intentions when we are in the gambling industry which makes us have to choose which one is the most reliable and not difficult in all the activities that are carried out.

It can be said that land based casinos as we know them were created by criminals in order to justify the huge amount of money they were getting from their illegal sources.

However once they realized casinos themselves could become a business they decided to build a lot of casinos especially at Las Vegas and Atlantic City, a model which was later adopted all over the world, so it does not surprise me there are many criminals out there still using casinos as a way to launder their money.

Online gambling casino can do operation even though they don't have a license that's the reason why its ideal if you play to those license gambling casino at the end of chance you can sue them with a case but of course its online this could be hard to the authority to manage unlike the old way of casino that there's really an establishment you can go through and check the management that really entertain your case. Most of the casino have their KYC and they signed for sure with the data privacy act if you read those but most likely people does not care of this with their security information. Even you don't want to accept the KYC still depends on the casino if they allowing this or not so else its a no choice situation for you or else change a gambling casino does not offering KYC.

Sometimes criminals are dumb. I understand there were no mixers back in the old days and no crypto. In that case, the casino was the right place to mix their money. Currently, there is no reason for someone to use centralized exchanges or casino websites to mix their cash. They can easily use mixers if they can convert their fiat to crypto or the crypto they had from the beginning.

The current mixers market is enormous. There are too many mixers available out there. Sometimes money could be untraceable without even using mixers. I guess many people know about XMR, which is highly suitable for being anonymous.

All criminal acts can occur in online casinos or in traditional casinos because gamblers still have freedom.
It's a different story in online casinos that implement KYC because in casinos that implement KYC money laundering can be put under more pressure and anyone who wants to carry out the action must think twice before the case is really exposed.

That one of the benefits of implementing KYC for withdrawals.

Indeed. When a casino is offering a bonus or promotion without the need for gamblers to make a deposit, that's really attractive since it's free money to play. Gamblers are able to experience and try the games that the casino is offering. However, don't expect to withdraw the winnings easily because certainly it has wagering requirement that a gambler needs to fulfill. If you don't want to deal with these requirements (before you can enjoy your profit from the bonus) then just use your own money to gamble, simple as that.

Thus don't expect the casino to give you free funds to play without conditions because it's a business. They will need these bonus/promotions to attract many gamblers as possible to play on their site. Moreover always read the TOS so you know the rules. It's a basic thing to do that gamblers sometimes ignore for thinking casinos often have the same rules.

Bitcasino.io has had its ups and downs, but its bonus policy has been good. Your bigger question is why other casinos dont follow suit. Gambling enterprises have their own risk appetites, strategies, and competitive advantages. They cant follow the crowd.

Casinos are diverse. Research contests and incentives before entering. If you dont, you'll hate the system and envy others who seem to handle it well. Casino rules favor the house because casinos gain money. They're not charitable. However, players must have fun to return.

Bonus-hunting is legal. If you're smart and follow the rules, you may get lucky. Dont blame them for casino misfortunes.

^Definitely right and as a fellow gambler, I completely agree with your perspective. Bonuses offered by casinos can be enticing, but it is important to be cautious about the wagering requirements attached to them or much better to read always the terms or TOS for the sensitive terms. Some bonuses come with very high wagering requirements, making it challenging for players to fulfill them and withdraw any winnings.
Instead of risking your entire balance trying to meet these high requirements, it is often wiser to focus on casinos that offer lower wagering requirements. By doing so, players have a better chance of successfully completing the wagering and walking away with tangible winnings and that is only my personal opinion.

I don't think any bonus hunter will overly complain if their meet a 1x wagering requirements on the bonus balance for withdrawal and if there is any winning the same amount of wagering also covers them too,  this is why we have some form of support line and what not to take as a bonus,  because any bonus that will require an 5x wager or above is already a sink road for the gambler and should be avoided at all cost,  and that is why many of us always look away from bonuses since there almost often lead us into a more bigger challenges trying to meet their wager requirement that have often time lead to further loses in reality.

So as a gambler,  I think it better to avod those bonus rather than losing your entire balance trying to meet their requirements,  so at best we must remain thankful to those casinos that have given a low wager requirements because that way player can easily pass through them and come out with something tangible for themselves at the end of the day.

Well yes, there are people who like to venture into bonuses and they are bonus hunters everywhere, and they like that, but I have also witnessed it because in bitcasino.io one day I won a raffle and the requirement was to bet 1x to be able to choose to withdraw, that seems very fair to me, it is not bad at all, and therefore things can be like this, if they do it like this, why don't Other Casinos do it like that? so the sense of competition can be more in favor of this type of casinos, and that is what bettors like, that it is easier to play, and if the system is easier for you to lose, if we see a facility we have to take it.

It should also be noted that things in casinos are very different, each casino has its rules and we as players have to be very careful about it, we cannot do and undo it because we want to, things when it comes to bonuses, contests, we must analyze them well, read each one of the things and know what we are going to get into, so as not to be later complaining that the casino did not take the money or something, because that is what the terms and conditions are for, if we accept them, it is up to us to see how they work. get ahead with it.

I have always been on many occasions with bonuses, contests where things in the casinos have not gone very well for me, I don't know if this is perhaps a casino strategy to make you lose quickly, but that's the business, I have also seen that there are players who manage to overcome everything that is asked of them and manage to withdraw, the casinos are designed for all types of players.

One of the easiest ways to launder money is through online casinos. So if there is an opportunity then everyone will try to transfer money through this medium. There were many allegations of laundering in the past in online casinos. At present government of every country give more importance to prevent such crime that is why they are strictly monitoring all casinos. In this regard, the casino institutions are not giving any exemption. Especially if there are any suspicious transactions. They give importance to each client's KYC. If you get a big reward or jackpot, there is no other way to withdraw their money.

From that experienced it gives the gambler a reminder not to forget about reading the terms and condition, bad experienced gives you a hard lesson to remember, it will remind you from time to time that each event that you will going to participate you will take time to read and understand whatever the grounds behind the promotions.

It will keep you safe from any misconceptions and not to lead you to complain with the house support representatives.