What withdrawal fee do you consider as fair in gambling sites?

virasog

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Quote from: Ucy on September 06, 2019, 04:14:16 AM

Quote from: Haunebu on September 03, 2019, 04:02:16 AM

Majority of the gambling sites that I gamble with charge little to no fees which is why this was never an issue for me. I usually withdraw only after I win a decent amount and I never faced any problems with withdrawals whatsoever.

Exchanges are far worse in comparison charging hefty fees whether BTC value is low or high. Gambling sites are much better in comparison.

Don't you think why gambling sites charge little to no fees is due to huge amount they make from gamblers?

Well, there are quite a number of exchanges with extremely low fees. They are mostly decentralized exchange.

I honestly don't understand why some (or most?) exchanges charge so much in fees. They charge trading and withdrawal fees. The withdrawal fees are usually the highest.

If you compare a lot of gambling and trading sites, you will find that most of them charge high amount of fee. When you consider that they earn too much money, why can't they offer free withdrawal fee ?

I think this is to prevent people from withdraw money from the gambling sites as when the withdrawal fee will be high people will recommend to keep their money on the sites and withdrawal in case of urgency only.

javadsalehi

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Quote from: jostorres on September 11, 2019, 10:35:58 AM

Quote from: Japinat on September 04, 2019, 01:11:58 AM

For me it's not ideal, 0.001 BTC is too much for small time gamblers, and most gamblers in crypto space have a lot of small time gamblers.
0.001 BTC withdrawal fee is even high for exchanges, Binance as one of the most popular only charge 0.0005 btc, and I think that's the normal fee in an exchange. Hey, try to gamble at sportsbet, they don't have withdrawal fee, everything is free.

I never knew there was no withdrawal fee for sport bettors and I am reading about this for the first time.
It is impressive and really good to know that such exist at sports bets and I am left with no choice than to start playing sports bet.

No, that's impossible. All the gambling websites including those are active betting on sport games deduct some amount of bitcoin from your balance when you withdraw some bitcoins. I guess Japinet is referring to a special platform which I don't know that.
Spending some bitcoin as a withdrawal fee is needed in every website I know. The amounts are different. But the fee in none of them is zero.

jostorres

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Quote from: Japinat on September 04, 2019, 01:11:58 AM

Quote from: Polar91 on September 04, 2019, 12:12:23 AM

It's rare to see gambling sites which only charges 0.0002 for their withdrawal fee as well as in trading. 0.001 btc is usual for both platfrom and is also ideal.

For me it's not ideal, 0.001 BTC is too much for small time gamblers, and most gamblers in crypto space have a lot of small time gamblers.
0.001 BTC withdrawal fee is even high for exchanges, Binance as one of the most popular only charge 0.0005 btc, and I think that's the normal fee in an exchange. Hey, try to gamble at sportsbet, they don't have withdrawal fee, everything is free.

I never knew there was no withdrawal fee for sport bettors and I am reading about this for the first time.
It is impressive and really good to know that such exist at sports bets and I am left with no choice than to start playing sports bet.

I am the only one among my friends that isn’t into sports bets and my friends have never mentioned to me that they do not have withdrawal fees each time they make withdrawals. I am motivated and it is time to explore. Zero withdrawal fee is what I would love for to see on a air casino site and now that I am aware of sports betting, I have ported and nothing can stop me.

Betwrong

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Quote from: alexrossi on September 07, 2019, 11:38:38 PM

Quote from: Betwrong on September 07, 2019, 04:20:27 AM

You are right that having small amount of players is not good for a site, but it's not only bad because it has negative effect on its profitability, but also because someone can win big by chance while there are not enough players to statistically balance that.

With a high enough bankroll i suppose that the dice can ignore the amount of players, or maybe worry just when there is some high roll activity from many users and a large amount in winning is expected.

I agree, if a high roller makes bets with 0.1 BTC it can be hardly balanced by other players betting with 1 satoshi. But in reality it's almost never the case. In reality on a dice site with around a thousand players online, there are several people betting with 0.001-0.01, and many of others making much smaller bets. Thus all the wins are balanced by losses, and the site just earning from its house edge, never getting much from big losses and never losing much when someone wins big. That's why it's safer for a site to have many of players. And if the withdrawal fee is too high, this will hardly attract players to the site.

alexrossi

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Quote from: Betwrong on September 07, 2019, 04:20:27 AM

You are right that having small amount of players is not good for a site, but it's not only bad because it has negative effect on its profitability, but also because someone can win big by chance while there are not enough players to statistically balance that.

With a high enough bankroll i suppose that the dice can ignore the amount of players, or maybe worry just when there is some high roll activity from many users and a large amount in winning is expected.

Betwrong

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Quote from: Natalim on September 06, 2019, 06:33:39 AM

~
I think good site does not charge high fees because they are already making a lot of money coming from bets, with low fee, they will be able to attract a lot of gamblers as what makes a gambling site more successful is the volume of traders coming in to play than the amount of bet they will put.

Let's put it this way, if that gambling site has a small gamblers but big time gamblers, that's not good for the site as anytime these gamblers might leave and there's a big effect on its profitability.

Gambling sites with a lot of users profit from the house edge, not from users' losses. Some players win and other players lose, it's almost 50/50, but it's not exactly 50/50, it is shifted a bit in the favor of the house.

You are right that having small amount of players is not good for a site, but it's not only bad because it has negative effect on its profitability, but also because someone can win big by chance while there are not enough players to statistically balance that.

Having low or no withdrawal fees at all is better for a gambling site because they can attract many players this way, and to be statistically balanced you need thousands of players online every hour.

Question123

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Quote from: Hypnosis00 on September 06, 2019, 07:08:12 AM

Quote from: Barracuda on September 05, 2019, 07:07:59 AM

I often make withdrawals on the Windice site. Low-cost withdrawal of Bitcoin, dogecoin, eth and ltc. It's just that the minimum withdrawal is still large, I have to play again to reach the minimum withdrawal. The withdrawal fee is very low in my opinion.

There is no question with Windice site cause they fairly follow what gamblers tend treat with fair and acceptable fees. We only have some problem with the others which setting to the high fees. Isn't a big deal for big traders but for starters and low capital gamblers wouldn't be a fair for them.
...0.0001BTC will be good for me.

10 satoshi for every withdrawal we make is that the right and fair for every players. Windice is fair gambling site and highlu recommended for the everyone To that site . Unlike to the other gambling sited their withdrawal cost was very high like 50k satoshi per withdrawal which is not fair. We have the right to choose what gambling sites we play and windice is best example for that.

Indamuck

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Fair to me is:

-Provably fair house odds that are preferably stated on their home page

-Fast and easy withdrawls without any hassle

-No cancellation of bets unless the user is found cheating

Best Dreams

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Quote from: Barracuda on September 05, 2019, 07:07:59 AM

I often make withdrawals on the Windice site. Low-cost withdrawal of Bitcoin, dogecoin, eth and ltc. It's just that the minimum withdrawal is still large, I have to play again to reach the minimum withdrawal. The withdrawal fee is very low in my opinion.

Yes this is best site it gives confidential rating with giving small withdrawal fees and it allows to give good earning in games as well. While using bitcoin just stay careful the fees must be low but before and after withdrawal just check your bitcoin also count the withdrawal coins fees while getting these kind of websites.

Hypnosis00

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Quote from: Barracuda on September 05, 2019, 07:07:59 AM

I often make withdrawals on the Windice site. Low-cost withdrawal of Bitcoin, dogecoin, eth and ltc. It's just that the minimum withdrawal is still large, I have to play again to reach the minimum withdrawal. The withdrawal fee is very low in my opinion.

There is no question with Windice site cause they fairly follow what gamblers tend treat with fair and acceptable fees. We only have some problem with the others which setting to the high fees. Isn't a big deal for big traders but for starters and low capital gamblers wouldn't be a fair for them.
...0.0001BTC will be good for me.

Natalim

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Quote from: shoreno on September 06, 2019, 06:26:53 AM

Quote from: Ucy on September 06, 2019, 04:14:16 AM

Quote from: Haunebu on September 03, 2019, 04:02:16 AM

-snip-

Don't you think why gambling sites charge little to no fees is due to huge amount they make from gamblers?
...............

not all are gambling sites have low fees . there are some that have a high fee compare to the other gambling sites that id visited with . same as with exchanges . its only up to the owner if he will set a high fee or a low fee but good looking sites usually have a high fee, this is to make thier service even more gooder ( or in other words to be fast and less hassel ) .

Really? what's the range of high fee based on your experience.
I think good site does not charge high fees because they are already making a lot of money coming from bets, with low fee, they will be able to attract a lot of gamblers as what makes a gambling site more successful is the volume of traders coming in to play than the amount of bet they will put.

Let's put it this way, if that gambling site has a small gamblers but big time gamblers, that's not good for the site as anytime these gamblers might leave and there's a big effect on its profitability.

shoreno

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Quote from: Ucy on September 06, 2019, 04:14:16 AM

Quote from: Haunebu on September 03, 2019, 04:02:16 AM

-snip-

Don't you think why gambling sites charge little to no fees is due to huge amount they make from gamblers?
...............

not all are gambling sites have low fees . there are some that have a high fee compare to the other gambling sites that id visited with . same as with exchanges . its only up to the owner if he will set a high fee or a low fee but good looking sites usually have a high fee, this is to make thier service even more gooder ( or in other words to be fast and less hassel ) .

Ucy

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Compare rates on different exchanges & swap.

Quote from: Haunebu on September 03, 2019, 04:02:16 AM

Majority of the gambling sites that I gamble with charge little to no fees which is why this was never an issue for me. I usually withdraw only after I win a decent amount and I never faced any problems with withdrawals whatsoever.

Exchanges are far worse in comparison charging hefty fees whether BTC value is low or high. Gambling sites are much better in comparison.

Don't you think why gambling sites charge little to no fees is due to huge amount they make from gamblers?

Well, there are quite a number of exchanges with extremely low fees. They are mostly decentralized exchange.

I honestly don't understand why some (or most?) exchanges charge so much in fees. They charge trading and withdrawal fees. The withdrawal fees are usually the highest.

guoyu78

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Quote from: sana54210 on September 02, 2019, 01:41:22 PM

What is wrong is one desiring a free withdrawal fee and how that affect gambling business does. Are you aware that this people make a hell of money from gamblers or do you know what it means to constantly loose to a casino site? I want to believe you have never lost if you have, you will understand where the upper poster is coming from.

Basically, I would support any kind of fee, I would prefer there is no fee at all or very minimal. The most annoying ones are the fixed fees. This one to me is wrong, I think leaving players to options is more preferable.

I want to throw a simple question to you and I hope you may find time to give me an answer. Do you think there is anything wrong with walking into a supermarket to demand for free products, just because you believe they make so much? Also would you ask a bank no to remove debit charges because they make money? Of course no, so why do you think those who want free withdrawal aren’t greedy? It could be little and not fixed or if at all a fixed amount, it should be very small but free is definitely not possible since it is a business and a lot is spent on running s nice casino site.

All I care about is for the fee to be fair enough and considerable because I understand that there are still expenses done on the side of the casinos.

Barracuda

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I often make withdrawals on the Windice site. Low-cost withdrawal of Bitcoin, dogecoin, eth and ltc. It's just that the minimum withdrawal is still large, I have to play again to reach the minimum withdrawal. The withdrawal fee is very low in my opinion.

Bitinity

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Quote from: jostorres on September 05, 2019, 12:48:25 AM

Quote from: Ararbermas on September 04, 2019, 02:51:02 AM

Of course no one will consider a huge fee when it comes gambling wherein it always fixed and low fees in my opinion . Because gambling is not an easy way to make money. So we really need to find some provably fair gambling site that always offer lowest fee .because it's very unfair if we gamble and after that, we need to pay a huge fee when it comes withdrawal.

Honestly it is painful. Gambling is not easy on its own, only for one to win and be asked to make some irrelevant charges. I feel very bad each time I am in a position to make this payment. These gambling sites make a lot from the gamblers and leaving withdrawal charges is the lowest they can do for players and I really don’t know why no site can come up with this.

In my opinion, since they cannot make it free, they should at least give the lowest prices and charges, and also make the gambling site very convenient with varieties of games, this way, we would be encouraged to keep on with the site not minding the withdrawal fees.

Basically any gambling sites can make it free, there are some casinos charges no withdrawal fees as I have mentioned days ago in this thread. Of course every casino has their own policy about this, as players we can only suggest them if we see that the withdrawal fee is too expensive or too cheap. Sometime too cheap does matter for gamblers because it may result in long time confirmation process. The best option for gambling site is basically by giving option to their players to choose the amount of the fee based on the latest network condition.

Barcode_

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I personally prefer gambling sites which allows their customers to choose the withdrawal fees from a few options, as customers who are not in a rush to receive their money could always choose the lowest withdrawal fee option and thus they would be able to save some money on the withdrawal fees. And for the group of customers who always prefer to receive the money as fast as possible into their crypto-currencies wallet, they could always choose the highest withdrawal fee option.

iMark

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Quote from: Haunebu on September 03, 2019, 04:02:16 AM

Majority of the gambling sites that I gamble with charge little to no fees which is why this was never an issue for me. I usually withdraw only after I win a decent amount and I never faced any problems with withdrawals whatsoever.

Exchanges are far worse in comparison charging hefty fees whether BTC value is low or high. Gambling sites are much better in comparison.

I think so, most gambling sites do not really provide a large nominal fee that is burdensome for players, instead exchanges that give very expensive fees. Gambling sites are still reasonable in taking fee withdrawals and I do not pay too much attention to the fee when I get big win in gambling

jostorres

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Quote from: Ararbermas on September 04, 2019, 02:51:02 AM

Of course no one will consider a huge fee when it comes gambling wherein it always fixed and low fees in my opinion . Because gambling is not an easy way to make money. So we really need to find some provably fair gambling site that always offer lowest fee .because it's very unfair if we gamble and after that, we need to pay a huge fee when it comes withdrawal.

Honestly it is painful. Gambling is not easy on its own, only for one to win and be asked to make some irrelevant charges. I feel very bad each time I am in a position to make this payment. These gambling sites make a lot from the gamblers and leaving withdrawal charges is the lowest they can do for players and I really don’t know why no site can come up with this.

In my opinion, since they cannot make it free, they should at least give the lowest prices and charges, and also make the gambling site very convenient with varieties of games, this way, we would be encouraged to keep on with the site not minding the withdrawal fees.

Ararbermas

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Of course no one will consider a huge fee when it comes gambling wherein it always fixed and low fees in my opinion . Because gambling is not an easy way to make money. So we really need to find some provably fair gambling site that always offer lowest fee .because it's very unfair if we gamble and after that, we need to pay a huge fee when it comes withdrawal.

Topic: What withdrawal fee do you consider as fair in gambling sites? (Read 767 times)