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

[Indamuck]

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

[1714759578]

1714759578

[1714759578]

1714759578

[Question123]

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.

[Betwrong]

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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.

[alexrossi]

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]

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.

[jostorres]

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.

[javadsalehi]

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.

[virasog]

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.