TRUSTDICE: up to $25 FREE BONUS [NO DEPOSIT REQUIRED] Forum EXCLUSIVE!

[shasan]

Wagering requirement on deposit before withdrawal is actually standard rule and I'm sure most casino implement similar rule.
The difference is about the number, most other casinos implement 1-2x wagering requirement on every deposit but trustdice 5x for 1st deposit only.
Your opinion is the best possible thing to do to complete the wagering requirement and maybe it is the most used strategy when it comes to such rule.
Since the rule at Trustdice is applied for 1st deposit only, the best option for gamblers who want to deposit big amount then better to make small deposit for the 1st time then gamblers can do bigger deposit later.

On gambling sites there must be a requirement for a wager if there is no wager requirement then it might be considered as mixer and it will increase money laundering and other unethical events. But the 5x requirement is unfair while there is no bonus received for that 5x requirement. If it was for a bonus then there would be no issue.

[panjul07]

-snip-

On gambling sites there must be a requirement for a wager if there is no wager requirement then it might be considered as mixer and it will increase money laundering and other unethical events. But the 5x requirement is unfair while there is no bonus received for that 5x requirement. If it was for a bonus then there would be no issue.

I cant say 5x wagering requirement for deposit without bonus is unfair, I'd prefer to say it is not friendly rule for gamblers.
Since the term is clearly written in their ToS page, players basically agreed with the terms (although they did not read it) so it will be unfair if this rule is not written or informed to players before their first deposit.
What I'm wondering is about the deposits after the 1st deposit, is it 100% free of wagering requirement or there will be still wagering requirement (maybe 1-2x)?

[Su-asa]

This is my first time to encounter this in a gambling platform where you need to wager 5x from the deposit amount before you can withdraw.

Is there any way to make my wager 5x faster without risking too much? Right now I am playing dice with a small amount of bet via auto.

These types of terms and conditions still exist? I know this is done to prevent money laundering, but I hardly doubt that these types of terms and conditions are present in other competitive gambling sites or not. I really feel sad for the player that, without reading about this T&C, he deposited his hard-earned money in the casino. The easiest way to wager 5x times the money will be by betting 5 bets at 98% chance and 1.01x return. Though there is risk, it’s the best option to fulfill the wagering condition. Moreover, thanks for bringing out this issue in front of the whole community. Now a gambler will think multiple times before depositing a large amount in this casino.

Wagering requirement on deposit before withdrawal is actually standard rule and I'm sure most casino implement similar rule.
The difference is about the number, most other casinos implement 1-2x wagering requirement on every deposit but trustdice 5x for 1st deposit only.
Your opinion is the best possible thing to do to complete the wagering requirement and maybe it is the most used strategy when it comes to such rule.
Since the rule at Trustdice is applied for 1st deposit only, the best option for gamblers who want to deposit big amount then better to make small deposit for the 1st time then gamblers can do bigger deposit later.

Some years before I joined the forum I used a bet site which I have forgotten the name. On that site a gambler can't make a withdrawal unless he stakes with the money he deposits and I see that as normal thing because it's a business. IMO, what the need of making the deposit when you know you won't gamble? If trustdice has such rules it's normal to me as long as they are not running away with gamblers money.

[Potato Chips]

BTW, trustdice, we were wondering if you can chime in on this thread to clear out assumptions/theories? see: https://bitcointalk.org/index.php?topic=5504008.0

It was about the alleged 2% daily which some members have post concerns about as well. I personally don't think it's 2% daily though maybe the calculator need some tweaking? 🤔

[Beparanf]

BTW, trustdice, we were wondering if you can chime in on this thread to clear out assumptions/theories? see: https://bitcointalk.org/index.php?topic=5504008.0

It was about the alleged 2% daily which some members have post concerns about as well. I personally don't think it's 2% daily though maybe the calculator need some tweaking? 🤔

The calculator on the Stake page of Trustdice seems like assuming the maximum potential rewards to attract stakers. But realistically speaking, the rewards is based on the dice game profit which is 50% that will distribute 1% of it daily on the specify currency that mention on the page.

So the profit highly depends on the amount of TXT staked on the pool that will share on the daily rewards distribution. This is the the typical DeFi mechanism on distributing rewards. I hope trustdice will use real rewards computation since it’s possible because they can track dice profit real time.

[shield132]

On gambling sites there must be a requirement for a wager if there is no wager requirement then it might be considered as mixer and it will increase money laundering and other unethical events. But the 5x requirement is unfair while there is no bonus received for that 5x requirement. If it was for a bonus then there would be no issue.

That's not true, the wagering requirement doesn't decrease the chance of money laundering but it increases the chance of users losing their deposit and it benefits to casino. Imagine that I am a gambling addict, deposited 1 Bitcoin, lost 0.2 Bitcoin and now I want to withdraw because I'm afraid to not lose more but then there is a wagering requirement that forces me to continue gambling in order to withdraw and that's definitely increasing my gambling addiction issues.

I only support the wagering requirement when there are bonuses because a bonus is free money and it's fair to make free money hardly acquirable but when it comes to the money that I earned and deposited, I shouldn't be forced to wager 2 times or 5 times.

To be fair, I don't understand why Trustdice requires 5x wagering for first-time depositors, that doesn't make sense to me.

[tranthidung]

That's not true, the wagering requirement doesn't decrease the chance of money laundering

It is helpful to prevent money laundering with small amounts, you're missing a point, but I agree that people who launder money with big value, this wagering requirement won't help to prevent it. There are other ways to do money laundering and people who want to do this, don't need to take risk by doing it on a gambling site and face with risk of losing money by wagering.

but it increases the chance of users losing their deposit and it benefits to casino.

Wagering requirement is like KYC, can be helpful or not helpful against money laundering, it depends on different users but both exchanges and gambling sites get benefit from KYC policy and wagering requirement, it's undeniable.

[AbuBhakar]

That's not true, the wagering requirement doesn't decrease the chance of money laundering but it increases the chance of users losing their deposit and it benefits to casino. Imagine that I am a gambling addict, deposited 1 Bitcoin, lost 0.2 Bitcoin and now I want to withdraw because I'm afraid to not lose more but then there is a wagering requirement that forces me to continue gambling in order to withdraw and that's definitely increasing my gambling addiction issues.

It works both ways but it’s really designed for AML policy since casino can be use as mixer if they will not imposed this wagering requirements. If you are genuine gambler, you will surely wager all your bankroll since you are depositing to play not to withdraw/deposit immediately.

To be fair, I don't understand why Trustdice requires 5x wagering for first-time depositors, that doesn't make sense to me.

I don’t understand either the logic behind this because x5 is surely a trap for those who don’t read the ToS while they deposit huge amount knowing that the wagering requirements is just x1 which is the standard figure for most casino.

[memehunter]

I don’t understand either the logic behind this because x5 is surely a trap for those who don’t read the ToS while they deposit huge amount knowing that the wagering requirements is just x1 which is the standard figure for most casino.

In my opinion also it is surely a trap.
Those who are arguing that you can just make a relatively lesser first deposit and risk it to bypass 5x wager requirement please note that they require a minimum first deposit of at least 0.0005 BTC along with 5x wager requirement.

[panjul07]

That's not true, the wagering requirement doesn't decrease the chance of money laundering but it increases the chance of users losing their deposit and it benefits to casino. Imagine that I am a gambling addict, deposited 1 Bitcoin, lost 0.2 Bitcoin and now I want to withdraw because I'm afraid to not lose more but then there is a wagering requirement that forces me to continue gambling in order to withdraw and that's definitely increasing my gambling addiction issues.

Wagering requirement on deposit without deposit is part of money laundering prevention, agree or not but it is the most used reason why there is wagering requirement on deposit.
Logically it reduces the chance of money laundering because people who knows about this rule will think twice if they want to use the casino as mixing service or to launder their money.
Coming to your example, if you are afraid to lose more then why did you deposit more than what you can afford to lose? In this case, you are the one who make the mistake.

I only support the wagering requirement when there are bonuses because a bonus is free money and it's fair to make free money hardly acquirable but when it comes to the money that I earned and deposited, I shouldn't be forced to wager 2 times or 5 times.

To be fair, I don't understand why Trustdice requires 5x wagering for first-time depositors, that doesn't make sense to me.

I'm trying to be neutral here although I also do not like the 5x wagering requirement, but in fact it is written in their ToS which means that once you created an account then you made a deposit = you are agreeing with the terms.
So no one is forced to follow or to agree with the terms, once we notice there is a term that we dont like, simply ignore and leave the casino then find other casinos.
All in all, any casino reserve the right to have terms as what they wish and we as players also free to decide whether to agree with it or not.

[Hhampuz]

I don’t understand either the logic behind this because x5 is surely a trap for those who don’t read the ToS while they deposit huge amount knowing that the wagering requirements is just x1 which is the standard figure for most casino.

In my opinion also it is surely a trap.
Those who are arguing that you can just make a relatively lesser first deposit and risk it to bypass 5x wager requirement please note that they require a minimum first deposit of at least 0.0005 BTC along with 5x wager requirement.

$35.. is that really something to complain about?

[panjul07]

$35.. is that really something to complain about?

For those who are planning to deposit bigger amount, risking $35 to complete the 5x wagering requirement for the 1st deposit should not be a big deal IMO.
But for those who are planning to deposit like less than $100, they may see it as a big deal to think about it twice.
What I hope about this discussion is that trustdice take it as suggestion and then consider to change the 5x wagering requirement on 1st deposit.

[avp2306]

$35.. is that really something to complain about?

For those who are planning to deposit bigger amount, risking $35 to complete the 5x wagering requirement for the 1st deposit should not be a big deal IMO.
But for those who are planning to deposit like less than $100, they may see it as a big deal to think about it twice.
What I hope about this discussion is that trustdice take it as suggestion and then consider to change the 5x wagering requirement on 1st deposit.

If they are really a gambler then $35 is nothing. For sure they can spend some money then willing to fulfill each requirements before they allowed to do something base on what they like to happen to their funds.

Its so simple, if they don't like what implemented base on what's written on their TOS then its best that they should find different casino to gamble which meet the criteria what they like. Rather than complaining on something which is not actually a big deal after all.

Trust dice is reputable casino and I think the current one they implemented still fair for everyone and I guess there's no other people complaining about this so we can assume that everything is good especially with their gamblers.

[tranthidung]

For those who are planning to deposit bigger amount, risking $35 to complete the 5x wagering requirement for the 1st deposit should not be a big deal IMO.
But for those who are planning to deposit like less than $100, they may see it as a big deal to think about it twice.

If the user is not a first time ever gambler, deposit $100 for many rounds or deposit more than $100 like $500 or $1,000 is very possible. Only a first-time-ever gambler will not want to deposit big money, bet big or don't plan to bet too more rounds. Most users will not bet once and leave so they bet multiple rounds, and money they spend for betting will increase a lot. These examples mean the $35 value is not too big with gamblers.

If they are really a gambler then $35 is nothing.

$35 is not small money in many countries, poor ones but with gamblers, I agree $35 is not too much.

Its so simple, if they don't like what implemented base on what's written on their TOS then its best that they should find different casino to gamble which meet the criteria what they like. Rather than complaining on something which is not actually a big deal after all.

Skipping ToS and worse skipping FAQ is very common practice of users and they're responsible for carelessly skipping important information. So if later they find something uncomfortable, nothing can be changed, thy must move on and accept the platform rules. If they no longer want to use the platform, just leave. If they don't want to repeat that mistake, be more careful and read ToS, FAQ next times on registration on other platforms.

[shield132]

That's not true, the wagering requirement doesn't decrease the chance of money laundering

It is helpful to prevent money laundering with small amounts, you're missing a point, but I agree that people who launder money with big value, this wagering requirement won't help to prevent it. There are other ways to do money laundering and people who want to do this, don't need to take risk by doing it on a gambling site and face with risk of losing money by wagering.

Do we mean a few hundred dollars? I think that above thousands they actively monitor users and below that, I think not many people launder money. I also think that it's stupid to launder money through a casino because when you deposit Bitcoin, your transaction is recorded and available publicly on Bitcoin Blockchain and blockchain analysis companies are so advanced today that they catch many people with do anything illegal.

Wagering requirement is like KYC, can be helpful or not helpful against money laundering, it depends on different users but both exchanges and gambling sites get benefit from KYC policy and wagering requirement, it's undeniable.

Wagering requirement for your deposited, hard earned money is only a fuel to the fire of gambling addiction. If casino cares about safe gambling, then forcing players to gamble is completely against it.

It works both ways but it’s really designed for AML policy since casino can be use as mixer if they will not imposed this wagering requirements.

It does absolutely nothing to stop money laundering. What if the money launderer is a gambler too?  Then that's a win-win for such a criminal. By setting 2x wagering requirement, casinos either get all the money from the money launderer in their pocket or leave him richer than he was.

[naira]

$35.. is that really something to complain about?

For those who are planning to deposit bigger amount, risking $35 to complete the 5x wagering requirement for the 1st deposit should not be a big deal IMO.
But for those who are planning to deposit like less than $100, they may see it as a big deal to think about it twice.
What I hope about this discussion is that trustdice take it as suggestion and then consider to change the 5x wagering requirement on 1st deposit.

If they are really a gambler then $35 is nothing. For sure they can spend some money then willing to fulfill each requirements before they allowed to do something base on what they like to happen to their funds.

Its so simple, if they don't like what implemented base on what's written on their TOS then its best that they should find different casino to gamble which meet the criteria what they like. Rather than complaining on something which is not actually a big deal after all.

Trust dice is reputable casino and I think the current one they implemented still fair for everyone and I guess there's no other people complaining about this so we can assume that everything is good especially with their gamblers.

Agree, for any gambler if interested please play at Trustdice, but if you feel burdened then there are still other crypto casinos that they can visit according to the expected requirements. Some complaints like this occur when they rush to make a deposit and miss the terms and conditions so that in the end they complain about their own mistakes because every gambler before dropping money will definitely read the TOS because in it the casino explains how to keep playing without experiencing obstacles when finding wagering requirements.

I never feel burdened when playing at Trustdice, as a regular gambler sometimes there are times when I can't meet the 5x wagering requirements then I immediately move to a lighter casino.

[panjul07]

I never feel burdened when playing at Trustdice, as a regular gambler sometimes there are times when I can't meet the 5x wagering requirements then I immediately move to a lighter casino.

Do you mean that you failed to complete wagering requirement few times already? If it is what you mean, how come you experienced it few times while as per terms, the 5x wagering applied for the 1st deposit only.
Am I misunderstanding the terms? Is the 5x wagering requirement applied to any deposit?

If they are really a gambler then $35 is nothing. For sure they can spend some money then willing to fulfill each requirements before they allowed to do something base on what they like to happen to their funds.

What is the meaning of real gambler? Do you consider real gamblers as those who are willing to spend bigger amount only?
If it is what you mean, I cant agree with it because real gamblers are not depending on how much they have as starting bankroll.
$35 is still something for me especially when I have less funds because my bankroll is limited, sometime I can go with few hundreds dollar but sometime I play with $10-$30 only depending on my gambling fund situation.
However I have to agree with your other statements.

[memehunter]

I don't know why we are overcomplicating a simple issue (as if the casino in question is not doing enough ). While users have to read terms before creating an account is a must, the casino also needs to have fair terms (they cannot make arbitrary rules). Let's say the casino has this in their terms: 'The casino can confiscate any money for whatever reason and no explanation will be given.' Now, no matter how many times you have read and memorized their terms, it doesn't mean anything .
In my humble opinion, they are preying on large depositors who accidentally deposit (without reading terms) and could easily be trapped by the 5x rule, as already pointed out by another member.
The fact that Trustdice is not jumping in here to clarify if the 5x rule is applicable on the first deposit only is strengthening doubts. As you can lose your 1st deposit without wagering 5x and that's it, you have no wagering obligations for your next deposit. If that is the case, then the rule has no teeth because you can deposit $35 (minimum deposit) and lose, and then launder $1 million .
Now, the solution, in my opinion, is to display clearly on the deposit page (with a popup) that 'We require a minimum deposit of $35 and 5x wagering in order to cash out.'
 
You can argue that this has to be applicable to all casinos' deposit pages, but you have to keep in mind that most other established casinos require only 1x wager, which is an industry norm. Since it's Trustdice (or any other casino) which deviates from standard norms, that's why they must clarify their terms (it would be better if every other casino does the same).

[ongbos]

After 20 hours, we will become BTC dice game as well. Just give us a little time

I'm sure you have created thread previously (more than 20 hours ago IIRC) and said exactly the same thing, and seems that your previous thread was deleted because referral link. Now you created new thread without referral link which is good, but still it should not be in this board since you are not accepting bitcoin as a payment method.

[GreatArkansas]

I want to ask about the transactions page, especially in the Withdrawal type.
Is there any way I can see the transaction id of the network where the withdrawal happened or the wallet address of the withdrawal, where the withdrawal was sent?

If there's no feature any like this, it's really a must feature and helpful for the users.