Will Cassino Continue With Wagering Requirements, If Abuse is Eliminated?

ultrloa

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Quote from: livingfree on January 09, 2023, 04:55:55 PM

Quote from: TimeTeller on January 08, 2023, 04:37:13 PM

Quote from: livingfree on January 08, 2023, 04:30:25 PM

Even if abuses or cheats made by players are eliminated, there's no way that a casino will stop doing wagering contests and other bonuses because that's already part of their long term plan.

They have a budget allocated for it and that will make more players to come.

It's encouraging as a player to see such wagering contests and bonuses if the requirements weren't that much or even it's just a free spin as a reward, many will participate and are happy with that.

They are just subjecting themselves to abuse if they will not put some conditions with their bonuses.
They are operating in cyberspace so expect that a lot of fraudsters or scammers will try their hands on if there will be no requirements at all.
The business can easily go down if they will not secure their business first.
Remember, scammers don't care if they will siphon all the money of a certain site, as long as they can pocket some money.
So don't think that casinos will remove their requirements or conditions with their bonuses.

Yeah, that's one concern but if they've been running giveaways and contests for a long time. They're aware of those things and sure made some barriers to avoid those possible abuses that might be done to them.

I'm not thinknig about the requirements, what I'm saying is about that they'll keep on running even if they've entirely removed the possible abuse on their end by those users that are there to siphon their giveaway budgets.

Most of the time new casino has been the target of this abuser so no problem with this will occur on old reputable casino since for sure they know how to deal the possible abuse that will come to their platform and maybe put some measure so that they cam assure that people claim it are legitimate players who regularly play at their platform. Maybe newly launch casino should learn from big casino so that they will not encounter this and face a huge problem since this could ruin or bad feedback if they fail to attain those issues.

livingfree

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Quote from: TimeTeller on January 08, 2023, 04:37:13 PM

Quote from: livingfree on January 08, 2023, 04:30:25 PM

Even if abuses or cheats made by players are eliminated, there's no way that a casino will stop doing wagering contests and other bonuses because that's already part of their long term plan.

They have a budget allocated for it and that will make more players to come.

It's encouraging as a player to see such wagering contests and bonuses if the requirements weren't that much or even it's just a free spin as a reward, many will participate and are happy with that.

They are just subjecting themselves to abuse if they will not put some conditions with their bonuses.
They are operating in cyberspace so expect that a lot of fraudsters or scammers will try their hands on if there will be no requirements at all.
The business can easily go down if they will not secure their business first.
Remember, scammers don't care if they will siphon all the money of a certain site, as long as they can pocket some money.
So don't think that casinos will remove their requirements or conditions with their bonuses.

Yeah, that's one concern but if they've been running giveaways and contests for a long time. They're aware of those things and sure made some barriers to avoid those possible abuses that might be done to them.

I'm not thinknig about the requirements, what I'm saying is about that they'll keep on running even if they've entirely removed the possible abuse on their end by those users that are there to siphon their giveaway budgets.

crzy

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Casino bonuses are offered to keep players wager on the website and make them addict so wealthy players gonna deposit more go chase wins,IMO. Even if abusers somehow get eliminated, there will be additional requirements to cashout bonus money + profit from bonus otherwise it will cause more problems for house budget. Rollover requirements can be triple of bonus amount or even some casinos ask to wager it 40x to make it withdrawable. No concrete solution, people keep finding the glitches and that is why it is better to keep wager requirements for both parties.

Aside from attracting new players this is also the reason why casinos keeps on posting their promotions so that, players will play more and chase those bonuses, so I also believe that even if the abuse got busted and eliminated, the site will still asked for the wagering requirement to qualify for the bonuses which I think is still fine since you go to that site to gamble and not just to get that bonus and withdraw your funds right away which is considered as abuse.

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Quote from: Piesel on January 08, 2023, 04:48:51 PM

Quote from: milewilda on January 08, 2023, 04:33:47 PM

Quote from: Wiwo on January 07, 2023, 06:37:15 PM

There is no way wagering system will be remive from casino because that is one of the fundamental and integral asoect and features of a casino, wagering help the casino to generate revenue in form of rake back but this time the casino is the one benefiting .

Since there is a high posubilty of many players losing out on everything trying to meet the wagering requirements, casino operators know about this which is why they always add it to the rules.

Yes, its a business and not a charity which it is a simple concept and just a common sense that they would really be making out things which they do know that they are really that on advantage which
if they dont really set out those rules or system then they would really miss up lots of chance for them to profit and since its a business then it would really be that a common sense thing that they would
be doing all sorts of marketing and other stuff just to make them profitable.Its impossible that it would really be removed out and this is just not that relevant if we do speak about being realistic.
Abuse could be eliminated on the current terms and rules set out by casinos.

KTChampions

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Quote from: Wiwo on January 07, 2023, 06:37:15 PM

One thing that has disturbed me a lot lately and that has awakened my thoughts lately is casino bonuses and how it works, if you can recall, most of the casinos offer various bonuses and other promotions because that is one of the fasted ways to attract new and old players to continue playing on the casino. But one of the major challenges that gamblers face with these bonuses and promos are the rules that are attached to them, e.g wagering requirements and other rules that need to be met before withdrawals are processed.
This led me to this question
1: What is your opinion on casinos that offers wagering requirements on both deposit and bonuses?
2: what do you think, if all necessary security checks are up to 100% and Abuse is totally eliminated from casinos, do you think gambling sites will make a no wagering requirement on their bonuses?
3: what conditional do you think could perfectly replace the wagering requirement in a casino that will serve players' purposes and also protect the revenue of the casino

1. I don't like complicated checks (and draw attention to myself in general), so I don't use such bonuses. But in general, I understand their mechanism: this is "free" money for the player, so he is more easily involved in gambling.
2. The whole point of this bonus is to involve the player in gambling, so if he does not play and simply takes the money, it will be a loss without a useful result. Then no.
3. You can come up with anything - tiers of players, leagues, etc. getting where the players get the best bonuses and special offers, but everything revolves around how much profit they brought to the casino = how much money they bet. So it’s hard to come up with something here, since the essence will always be the same.

Wiwo

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Quote from: goinmerry on January 08, 2023, 06:49:45 PM

The revenue of the casino is well-protected already with the current system. Players on the hand will just do their usual approach to meet the requirements.

This way the cycle will just continue as usual and the players will be at the receiving end, while the player keep losing money trying to meat the wagering requirements. The casino on the other hand earn more revenue from the player betting amounts, a more player friendly rules is what we are asking for and at the moment the current systems are configured to favour the casino alone. I know in the near future, there will be new casino that will try to minimize the rule and favour players more.

Quote from: ethereumhunter on January 09, 2023, 09:57:19 AM

1. I guess it is normal for casinos to put wagering requirements on deposits and bonuses
2. Some casinos make rules about getting bonuses on deposits and casinos don't put any requirements so members can use them right away.
3. It will return to each casino because they must have requirements or regulations that they will apply to their members.

Usually, casinos that provide certain requirements will enforce these regulations on special events such as last New Year's or other promotions. And they will be able to detect players trying to abuse bonuses from that promotion.

I agree with you on that but the thing is, we can have a better way to tackle the chance of abusers gaining access to the bonus. Wagering is not the only means to eliminate abuse we can also enforce KYC and players who don't mind will go through the KYC process that way all accounts are verified which could replace the wagering rule.

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Quote from: Wiwo on January 07, 2023, 06:37:15 PM

This led me to this question
1: What is your opinion on casinos that offers wagering requirements on both deposit and bonuses?

Almost all casinos, both fiat casinos and crypto casinos. have the same way and strategy regarding their marketing. in this case, related to promotions, bonuses, etc. this is very common for any business person to do, including the casino business. they offer various promotions, bonuses, apart from attracting new users, they also protect their members from switching to another casino.

I think this is part of a marketing strategy that all business people run and it's legitimate. however, to get a bonus from the promotion that is offered, of course, there are different requirements depending on the nominal size of the bonus offered. imagine, if bonuses were easy and unconditional. it's not a profit that you get, but the casino will experience a big loss, because after all, the potential is very big to be abused by naughty users. so it's only natural, if in every promotion, bonus, event, conditions are always enforced in exchange for someone who successfully fulfills these requirements, is entitled to a bonus that he can claim.

ethereumhunter

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1. I guess it is normal for casinos to put wagering requirements on deposits and bonuses
2. Some casinos make rules about getting bonuses on deposits and casinos don't put any requirements so members can use them right away.
3. It will return to each casino because they must have requirements or regulations that they will apply to their members.

Usually, casinos that provide certain requirements will enforce these regulations on special events such as last New Year's or other promotions. And they will be able to detect players trying to abuse bonuses from that promotion.

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Quote from: Wiwo on January 07, 2023, 06:37:15 PM

1: What is your opinion on casinos that offers wagering requirements on both deposit and bonuses?

Most casinos do this, adding the bonus amount and deposit value and multiplying it by the amount of wager req that must be met before the winnings finally enter the main balance, it's rare for casinos not to do this and that's natural because bonuses are not free money that can be easily obtained for granted

Quote from: Wiwo on January 07, 2023, 06:37:15 PM

2: what do you think, if all necessary security checks are up to 100% and Abuse is totally eliminated from casinos, do you think gambling sites will make a no wagering requirement on their bonuses?

There will be no system that can run perfectly, there will be loopholes that can be abused by players and the wagering requirement is held not only to reduce bonus abuse but also to keep their business profitable because by not providing a wager req rule, it means the casino is giving a double bonus namely bonuses from deposits and winnings from games that can be immediately withdrawn for players, these will not be good for the continuity of their business at all.

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Everything which is free would be prone to abuse. It depends on the casino on the other hand whether they will contiue with this kind of promotion or not especially if they are not gaining from it, in relation with abuse from players. Wagering requirements I guess should contiue. Personally I have no problem with that ofcourse if it would benefit the platform itself as well than to see a good casino on bankruptcy because they were abused by players. It is a business they are running and they have the rights to limit something if it would cross their borders.

Quote from: qwertyup23 on January 08, 2023, 06:58:34 PM

Quote from: AmoreJaz on January 07, 2023, 06:47:29 PM

the reality is, there will always be abusers. i don't think it can be eliminated especially if the casino is not requiring kyc to its customers. even some licensed casinos are still not requiring kyc for their small time bettors. so it is far from happening that abuse will be eliminated in my opinion.
the possibility is - they may lower their wagering requirements but they will keep certain conditions to avoid rampant abuse of their bonuses or rewards.

I agree with your statement. People will always try to abuse a free system wherein they would create multiple accounts to take advantage of all the free bonuses provided by the gambling website. That is the reason on why gambling websites have created "wagering requirements" in order to combat abuse. Even if a person creates multiple accounts to gamble and get the bonus, he/she has to satisfy the wagered amount required, which is set by the gambling website in order to give them the security.

These kinds of things happen even in real life. Once an opportunity comes, people would take advantage and exercise all the means to abuse it.

Just the reality. I can see this close with P2Es which collapsed on the long run because the economy of the game cannot sustain the abuse happening against their platform.

libert19

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Quote from: Wiwo on January 07, 2023, 06:37:15 PM

2: what do you think, if all necessary security checks are up to 100% and Abuse is totally eliminated from casinos, do you think gambling sites will make a no wagering requirement on their bonuses?

Security checks are only added when there is abuse in first place. Wagering requirements were only added after bookmakers became aware of the abuse of bonuses.

noorman0

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Quote from: Wiwo on January 07, 2023, 06:37:15 PM

-snip-
1: What is your opinion on casinos that offers wagering requirements on both deposit and bonuses?
2: what do you think, if all necessary security checks are up to 100% and Abuse is totally eliminated from casinos, do you think gambling sites will make a no wagering requirement on their bonuses?

1. It doesn't bother at all, it's normal. The mind of some players because they are too compared to the wagering requirements of other established casinos in that they generally have studied the typical player a lot and are often faced with abuse so the requirements may be streamlined a lot.
2. Security checks is the next step after the requirements are implemented, this process will need each other.

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Quote from: Wiwo on January 07, 2023, 06:37:15 PM

3: what conditional do you think could perfectly replace the wagering requirement in a casino that will serve players' purposes and also protect the revenue of the casino

Let's see, maybe something like a deposit bonus tier? Wherein the more deposit the users made, the better the rewards they will get.

Or maybe a login bonus that I saw at some local online casinos. That way, users are not just gambling but rather getting small rewards on their login. It's good that there is small compensation everyday for being activie.

As for the revenue, gambling sites just need to have a proper and big bankroll. Regardless of any terms, if the bankroll is not enough, then that's a big problem.

qwertyup23

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Quote from: AmoreJaz on January 07, 2023, 06:47:29 PM

the reality is, there will always be abusers. i don't think it can be eliminated especially if the casino is not requiring kyc to its customers. even some licensed casinos are still not requiring kyc for their small time bettors. so it is far from happening that abuse will be eliminated in my opinion.
the possibility is - they may lower their wagering requirements but they will keep certain conditions to avoid rampant abuse of their bonuses or rewards.

I agree with your statement. People will always try to abuse a free system wherein they would create multiple accounts to take advantage of all the free bonuses provided by the gambling website. That is the reason on why gambling websites have created "wagering requirements" in order to combat abuse. Even if a person creates multiple accounts to gamble and get the bonus, he/she has to satisfy the wagered amount required, which is set by the gambling website in order to give them the security.

These kinds of things happen even in real life. Once an opportunity comes, people would take advantage and exercise all the means to abuse it.

goinmerry

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Quote from: Wiwo on January 07, 2023, 06:37:15 PM

3: what conditional do you think could perfectly replace the wagering requirement in a casino that will serve players' purposes and also protect the revenue of the casino

Since this is a newly added question I will answer this;

My answer is, no need to think of other replacements or changed in the usual terms.

Just apply the usual wagering requirements and no need for a replacement or something.

The revenue of the casino is well-protected already with the current system. Players on the hand will just do their usual approach to meet the requirements.

Mahanton

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Quote from: chaser15 on January 08, 2023, 05:23:14 PM

Quote from: Wiwo on January 07, 2023, 06:37:15 PM

1: What is your opinion on casinos that offers wagering requirements on both deposit and bonuses?
2: what do you think, if all necessary security checks are up to 100% and Abuse is totally eliminated from casinos, do you think gambling sites will make a no wagering requirement on their bonuses?
3: what conditional do you think could perfectly replace the wagering requirement in a casino that will serve players' purposes and also protect the revenue of the casino

I don't understand why you end up thinking that if there are no abusers, the wagering requirement won't be eliminated.

The wagering requirement is not designed just to combat the abusers but rather it's part of the marketing strategy of a gambling site.

Let's not think too much about it as these requirements are really necessary to have as it's one of the reasons why users will keep playing on the site. Since these users are complying with the requirements, they will have a longer session on that site and maybe do some additional deposits just to achieve the reward.

You are definitely on point and as a business then it is really just simply a marketing strategy on which it is really just a normal thing that they would be setting out those wager requirement and couldn't really just easily
make out people do get or gain those bonuses without any terms specially if it could be withdrawn immediately which it is really just you are building a charity since its an easy money for users or gamblers
who do claim out those bonuses. Dont know on why op had been thinking up this way considering that it is really just that no sense.It would be normal that they would be putting those
limits and requirements because if not then it would be ending up on huge expense.

chaser15

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Quote from: Wiwo on January 07, 2023, 06:37:15 PM

1: What is your opinion on casinos that offers wagering requirements on both deposit and bonuses?
2: what do you think, if all necessary security checks are up to 100% and Abuse is totally eliminated from casinos, do you think gambling sites will make a no wagering requirement on their bonuses?
3: what conditional do you think could perfectly replace the wagering requirement in a casino that will serve players' purposes and also protect the revenue of the casino

I don't understand why you end up thinking that if there are no abusers, the wagering requirement won't be eliminated.

The wagering requirement is not designed just to combat the abusers but rather it's part of the marketing strategy of a gambling site.

Let's not think too much about it as these requirements are really necessary to have as it's one of the reasons why users will keep playing on the site. Since these users are complying with the requirements, they will have a longer session on that site and maybe do some additional deposits just to achieve the reward.

bitcampaign

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every bonus given, of course, we have to meet the requirements before we get the bonus, for example making a deposit then playing, spending a few dollars to get a bonus, sometimes each casino has a different style of bonus promotion, but don't expect them to remove the requirements, let alone abuse, because that will obviously hurt the casino

Scripture

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Even if there’s no abuse, wagering will still be there as it is part of the strategy of the site to encourage more gamblers to try the site by playing it and not just go after the bonus, this could be a requirement that stays on most of the bonuses. You’ll be lucky if you see some promotions that didn’t require any wager just like on a betting contest or any contest that requires some work, usually is a wager free and you can get your bonus right away.

BitDane

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Quote from: Wiwo on January 07, 2023, 06:37:15 PM

One thing that has disturbed me a lot lately and that has awakened my thoughts lately is casino bonuses and how it works, if you can recall, most of the casinos offer various bonuses and other promotions because that is one of the fasted ways to attract new and old players to continue playing on the casino. But one of the major challenges that gamblers face with these bonuses and promos are the rules that are attached to them, e.g wagering requirements and other rules that need to be met before withdrawals are processed.
This led me to this question
1: What is your opinion on casinos that offers wagering requirements on both deposit and bonuses?
2: what do you think, if all necessary security checks are up to 100% and Abuse is totally eliminated from casinos, do you think gambling sites will make a no wagering requirement on their bonuses?
3: what conditional do you think could perfectly replace the wagering requirement in a casino that will serve players' purposes and also protect the revenue of the casino

1. I am in neutral, casino has the right to implement their things. The wagering requirement is the anti money laundering action of the casino since there is a huge possibility that the amount they deposit to lose if they tried to meet wagering requirement. Of course profit is possible too. This is one way of protecting themselves in possible exploits.

2. No, gambling site will not remove wagering requirement, it isn't the security of the casino they need to secure but also the profit and most casino get back what they offer in bonuses via wagering requirement.

3. I don't have any idea or condition to replace the wagering requirement. It is there to lessen the outflow of the funds from the casino and I think nothing can be an alternative for that, that has the same function.

Topic: Will Cassino Continue With Wagering Requirements, If Abuse is Eliminated? (Read 439 times)