How is wagering calculated correctly?

[dimonstration]

Now it got me curious about what other gambling sites and sports bookies will say about this. I want to see their calculations on how a wagering amount is computed.

In Stake.com, yes, it's 1:1 on slot games and 1:3 on sports betting. Maybe they have seen how less the wagered amount the sports bettors have, especially those who really focus on sports only and not playing any casino games.
I don't know about the rules on the website OP said, but if they input it as the formula said by another member, then I guess it could happen as long as they input it in their TOS.

Wager count on VIP and Bonus usually have different mechanics. I play a lot on Stake so the wager count you are describing here is for VIP progress while bonus wagering is a different formula.

Normally on Stake bonus it’s always 1:1 wagering count regardless of the game but for some casino it varies depending on the type of the game they are playing but no boost such as x3 on wager since it’s only for VIP level.

[Findingnemo]

Now it got me curious about what other gambling sites and sports bookies will say about this. I want to see their calculations on how a wagering amount is computed.

In Stake.com, yes, it's 1:1 on slot games and 1:3 on sports betting. Maybe they have seen how less the wagered amount the sports bettors have, especially those who really focus on sports only and not playing any casino games.
I don't know about the rules on the website OP said, but if they input it as the formula said by another member, then I guess it could happen as long as they input it in their TOS.

Wager count on VIP and Bonus usually have different mechanics. I play a lot on Stake so the wager count you are describing here is for VIP progress while bonus wagering is a different formula.

Normally on Stake bonus it’s always 1:1 wagering count regardless of the game but for some casino it varies depending on the type of the game they are playing but no boost such as x3 on wager since it’s only for VIP level.

Yes different casinos have different way of calculating the wagering requirements and they do even have separate mechanisms for bonus wagering which may not count towards ranking progress and may have lesser than 1x for different type of casino games which again for the reason as mentiuoned before, they don't want it for their players to grab it easily and it's fair though since it's just free money.

[tvplus006]

Looks like some kind of rewards or giveaway basically free money and casinos don't like when players able to take away from their balance so these special requirements are placed to reduce the risk...

No, that's not true. The support service stated that a similar wagering rule (Valid wager = The Payout - Stake Amount) also applies to your deposit on Xyes.com. So there is no difference between a bonus and your personal money.

[Findingnemo]

Looks like some kind of rewards or giveaway basically free money and casinos don't like when players able to take away from their balance so these special requirements are placed to reduce the risk...

No, that's not true. The support service stated that a similar wagering rule (Valid wager = The Payout - Stake Amount) also applies to your deposit on Xyes.com. So there is no difference between a bonus and your personal money.

That is a weird way of calculating if this applies for all kind of wagering requirements which basically means users will see less wagering requirement in terms of numbers but in reality it is going to be a task than just assuming 1x. Why I said it is different is because in BC.game they had such when it comes to claiming free bonus which doesn't require deposit at all.

[alani123]

If the casino wanted to say you are entitled to your winnings after a wagger they could have phrased it differently.

1x wagering requirement counts to get your full balance after a 1 time stake of your entire balance. Or several stakes totallyng the entire balance. They can also set other limits but something like minimum odds, not much more.

In the case mentioned in the OP the wagering requirement to unlock the entire balance is indeed 10x.

[BitMaxz]

I also had a similar case before, even though I thought I had already wagered more than 1x but still wasn't able to withdraw my winnings.

I don't understand how wagering works. I thought the wager calculation was 1:1; that's why I ended up asking a similar question on the announcement thread.
Until someone says not all games are equal; some of them give you a 1:1 wager, and most of them give you a 0.1 wager. I read the terms and found out it is only selected games; some slots give low wagers, including the slot that I play.

So before you gamble, read the terms and look for games that give you a high wager. If you want to calculate it in 1:1.

I'm sure you end up losing the whole amount because you don't have a choice but to continue until the wager requirements are reached.

[alegotardo]

In this regard, I have a question for the experts.: "Either the wagering conditions on the Bitcointalk forum are incorrectly stated, or the casino does not comply with these conditions?"

Your answers are important to me, as it is possible that this topic will be moved to the "Scam Accusations" board.

Iam not expert but I think the problem was actually a "mis of comunication" where you (and neither I) understed how wagering should actually be calculated... because it is usually calculated based on total amount wagered, right!? not only on your net profit.

I confess that this seems quite unusual and unfavorable to any player, so even if it is not something I would classify as illegal, I would say its at least quite dishonest and should have been clarified in advance.

Whether it was a scam or not, I think it's much more a matter of interpretation and good faith than actually finding any "proof" that this is wrong.

[maydna]

1x wagering requirement can be many things. But as far as I understand, if the casino doesn't mention how much money you should fill for that 1x wagering requirement, you can only fill a 1x bet (any game type), minimum bet amount so you can withdraw the money. But I am not sure about that because as I said that can be many things so all casinos will have different terms. Yes, I also think that it seems there is a misunderstanding between you and casino as @alegotardo said. You can ask for the details from the casino to make it clear and avoid misunderstanding.

[Odohu]

Amount wagered must be the amount you bet on any casino games. But it will depend on casino rules.
as for the BETFURY, Their wagering with 1x is good but  any win much be better than 1.37 odds. Check the rules of the casino of XYES before you go to scam accusation.

Wager does not depend on any casino rules, it is the same for every casino. The amount you bet is the wager irrespective of the outcome of the bet. What that casino is calculating is profit and loss so they should change their ToS to reflect that. I have seen similar rule in one other casino here in which you can only withdraw the profits from their bonuses in that case, the amount they will unlock if you play with their bonus = profit-bet amount.

[hopenotlate]

I do not think this belongs to scam accusation because, as already pointed out by some other experienced members before, they state how they calculate the wager in their Terms and Conditions but for sure the way they announced those prizes in their contests⁽¹⁾ has room for improvement because generally in the gambling sector, wager refers to the amount put at stake;
if you decide todo something different from most of your competitors then you should clarify it.


⁽¹⁾

     🗲 Three winners will share $60 ($20 each) in Bitcoin (The prize has 1x wagering requirement).

this one was also written in bold as if to convey the message of how advantageous the terms of this prize/bonus were

[tvplus006]

     🗲 Three winners will share $60 ($20 each) in Bitcoin (The prize has 1x wagering requirement).

this one was also written in bold as if to convey the message of how advantageous the terms of this prize/bonus were

Obviously, after this topic, Xyes.com in his new contest: "Predict the goal"- https://bitcointalk.org/index.php?topic=5561063 differently presented the conditions of the 1x valid wagering.
Now it looks like this: "The prize has 1x valid wagering requirements. *Payout Amount - Bet amount = Valid wager".

Three closest predictions will win $25 each, for a total of $100. The prize has 1x valid wagering requirements.
* Payout Amount - Bet amount = Valid wager.

[Cointxz]

     🗲 Three winners will share $60 ($20 each) in Bitcoin (The prize has 1x wagering requirement).

this one was also written in bold as if to convey the message of how advantageous the terms of this prize/bonus were

Obviously, after this topic, Xyes.com in his new contest: "Predict the goal"- https://bitcointalk.org/index.php?topic=5561063 differently presented the conditions of the 1x valid wagering.
Now it looks like this: "The prize has 1x valid wagering requirements. *Payout Amount - Bet amount = Valid wager".

Three closest predictions will win $25 each, for a total of $100. The prize has 1x valid wagering requirements.
* Payout Amount - Bet amount = Valid wager.

I wonder if the participants of this contest will even consider or notice the changes on the terms since this valid wager computation is bullshit to apply on a rewards.

Rewards and bonus are 2 different matter since contest reward is the product of competition in the forum which means we already deserved to get that amount immediately.

Even normal x1 wager is sometimes a deal breaker.

[Doan9269]

Each gambling platform has their wagering requirements, such could be that you must have played with a particular amount of money after your real time deposit, winning or not does not concerns them, as long as the amount used to gamble remains their target in this regard, secondly, it may be that you attain a particular level with the accumulation of odds used to gamble over a specified range of time, which could also be calculated as your wagering requirements, that you played using a particular odd ranging from one figure to another as the casino may requested.

[dimonstration]

I also had a similar case before, even though I thought I had already wagered more than 1x but still wasn't able to withdraw my winnings.

I don't understand how wagering works. I thought the wager calculation was 1:1; that's why I ended up asking a similar question on the announcement thread.
Until someone says not all games are equal; some of them give you a 1:1 wager, and most of them give you a 0.1 wager. I read the terms and found out it is only selected games; some slots give low wagers, including the slot that I play.

So before you gamble, read the terms and look for games that give you a high wager. If you want to calculate it in 1:1.

I'm sure you end up losing the whole amount because you don't have a choice but to continue until the wager requirements are reached.

To be honest. This is the only casino that I knew for my long years of gambling in crypto casino that counts wager using their own made up formula on a deposit wager count.

I understand if this applies on bonus and VIP but on deposit wager this is already a total madness because you will need to risk more just to get the x1 wager of your deposit in able to withdraw.

Playing on this casino using huge bankroll without reading the ToS is abominable.

[tvplus006]

Obviously, after this topic, Xyes.com in his new contest: "Predict the goal"- https://bitcointalk.org/index.php?topic=5561063 differently presented the conditions of the 1x valid wagering.
Now it looks like this: "The prize has 1x valid wagering requirements. *Payout Amount - Bet amount = Valid wager".

Three closest predictions will win $25 each, for a total of $100. The prize has 1x valid wagering requirements.
* Payout Amount - Bet amount = Valid wager.

I wonder if the participants of this contest will even consider or notice the changes on the terms since this valid wager computation is bullshit to apply on a rewards.
Rewards and bonus are 2 different matter since contest reward is the product of competition in the forum which means we already deserved to get that amount immediately.

Yes, there are such conditions of the competition, for example, conducted by Chips.gg, according to which the winners do not need wagering their bonus. The problem is also that it is necessary to wagering in this way not only the bonus, but also your own deposit before it can be withdrawn to wallet. As for Xyes.com, it is unlikely that they will be able to attract a large number of participants of the forum until they change the wagering conditions.

[DubemIfedigbo001]

In May I won a freebet in Xyes casino, with 1x wagering requirement.
Now look at the bet I placed, Staked with 24$ at 1.13 odds to win 27$. I won this bet but my profit there was only 3$ as the initial 24$ must be used to wager again.

Now this is the confusion. Unlike other casino I have experience with. Once you bet with a freebet, your potential winning is the profit, your freebt amount will be minus from the potential win while in Xyes all winnings is sent to you until you. But the initial freebet amount cant be withraw.

It seems they have a different way of calculating their own valid wager, This is the first time I'm seeing this kind of wagering requirement to be honest but since they included it in their T&Cs, then you agreed to it even though you may not have read it upon registration to the platform. It feels they operate on the discipline that a rebate is all about borrowing the gambler money to hustle and he is only entitled to the profits, sounds more to me like FBS_{If I remembered correctly} trading app which I used back in the days for trading which gives free $150 for 30 days and if you end up making profits, you return the capital and enjoy the profits.

[Cointxz]

Obviously, after this topic, Xyes.com in his new contest: "Predict the goal"- https://bitcointalk.org/index.php?topic=5561063 differently presented the conditions of the 1x valid wagering.
Now it looks like this: "The prize has 1x valid wagering requirements. *Payout Amount - Bet amount = Valid wager".

Three closest predictions will win $25 each, for a total of $100. The prize has 1x valid wagering requirements.
* Payout Amount - Bet amount = Valid wager.

I wonder if the participants of this contest will even consider or notice the changes on the terms since this valid wager computation is bullshit to apply on a rewards.
Rewards and bonus are 2 different matter since contest reward is the product of competition in the forum which means we already deserved to get that amount immediately.

Yes, there are such conditions of the competition, for example, conducted by Chips.gg, according to which the winners do not need wagering their bonus. The problem is also that it is necessary to wagering in this way not only the bonus, but also your own deposit before it can be withdrawn to wallet. As for Xyes.com, it is unlikely that they will be able to attract a large number of participants of the forum until they change the wagering conditions.

Instead of rewards it serves as way to trap user fund to deposit and force play until their x1 true wager met. The current contest only received 1 entry so far which probably he doesn’t notice the changes on the contest ToS.

Imagine the difficulty of taking the same bet with x1.10 ten times using your whole deposit just to reach that x1 wagering requirements.

The only way to clear this easily is to bet on higher odds but with great risk on losing your bankroll in the process. Try plinko if this game is available to accumulate your wager.

[ralle14]

It's my first time seeing that type of wagering requirement, but still, it's more than doable since you only need to win and accumulate the same amount as the free bet. I've experienced other free bets that are much tougher to clear, one example was needing to play with limited odds of only 1.50 or above and a x5 wagering requirement.

It's a bit frustrating for some who are used to the standard 1x wagering requirement. Then again, this is a prize from a free to join prediction contest, and they always have the final say on what rules to place for their prizes.

[tvplus006]

...It's a bit frustrating for some who are used to the standard 1x wagering requirement. Then again, this is a prize from a free to join prediction contest, and they always have the final say on what rules to place for their prizes.

The problem here is different: The rules of the contest published on the forum differ from those established in the casino. And if I had known about this before the start of the contest, I would not have participated in it, especially since participation is associated with the mandatory deposit, which, as it turned out later, must also be wagered according to the formula: Payout Amount - Bet amount = Valid wager.