Wagering requirements for withdraw

[BenCodie]

Usually I would say that this is a scheme or ploy to require users to take a chance with the funds that they deposit before they have a chance of taking it back out...While this may be true, I do believe that it does serve a purpose to counter money laundering by requiring the player to actually use the casino that they deposited to before being able to withdraw. A wagering requirement of something like 5x is not difficult to achieve if you wished to play to begin with. Even if you do change your mind and you don't want to wager, it's still not difficult to achieve in most kinds of games.

[1715520652]

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[dwyane36]

It should be written on their terms, because if not, then that casino is a scam. Though this kind of casino is really unfair for the new, for sure it is newbie friendly because you are forced to play your deposit until you meet their requirements. For those who are heavy gamblers, this is fine because they can easily achieve those, but for those of us who are not as heavy gamblers, it is a disadvantage.

I think if a casino is operating legally and has some kind of license, the terms of such a casino would surely spell out information about mandatory wagering requirements. The problem is that most casinos prefer not to advertise that, and it may be very difficult for a beginner to find this information, especially if the Terms of Service are written in small print.
It would be great if many casinos notified users of the need to make mandatory wagering before a user makes a deposit.

[danadc]

It should be written on their terms, because if not, then that casino is a scam. Though this kind of casino is really unfair for the new, for sure it is newbie friendly because you are forced to play your deposit until you meet their requirements. For those who are heavy gamblers, this is fine because they can easily achieve those, but for those of us who are not as heavy gamblers, it is a disadvantage.

I think if a casino is operating legally and has some kind of license, the terms of such a casino would surely spell out information about mandatory wagering requirements. The problem is that most casinos prefer not to advertise that, and it may be very difficult for a beginner to find this information, especially if the Terms of Service are written in small print.
It would be great if many casinos notified users of the need to make mandatory wagering before a user makes a deposit.

I have seen casinos that start very well and then end up being scams, and people see if they have the licenses and meet all kinds of specifications and many demands, but they do not take that into consideration when scamming, the same with all the licenses steal the same,so for me a casino that has all the licenses is not a Reason to be totally reliable, and that is determined by the same site,there are sites that comply with the complete process with the licenses,to please the regulatory entities but They don't guarantee anything.

[MinMan]

The 5x wager isn't really a scam per se. I don't agree with it 1 bit, but if people read the ToS they would know what they're getting themselves into. 5x isn't exactly hard to do either, especially if the site has dice, which they do.

Now the KYC and ToS being used as a weapon I can agree with. I think if a site allows you to deposit and you win, you should be paid as long as you didn't cheat to win. I don't consider gambling from an illegal jurisdiction cheating. I think a site should enforce KYC pre deposit or they forfeit the right to use it against a player later so they can get out of paying a player their winnings.

It might not be for scamming specifically, but it does have something to do with looting the money of their gamblers since it isn't really as easy as you describe it to complete a 5x wagering requirement with your balance intact and not losing a very large portion of it since we all know how gambling is with the house edge and all.

If a casino has a 5x wagering requirement of the money deposited by a customer, they probably don't want their customers to at least get back what they've deposited, it's another thing if they are lucky enough to win something big with it, and then complete the requirement and withdraw the money that might remain after that, but that's not a very common thing in my opinion.

[Kelvinid]

The 5x wager isn't really a scam per se. I don't agree with it 1 bit, but if people read the ToS they would know what they're getting themselves into. 5x isn't exactly hard to do either, especially if the site has dice, which they do.

Now the KYC and ToS being used as a weapon I can agree with. I think if a site allows you to deposit and you win, you should be paid as long as you didn't cheat to win. I don't consider gambling from an illegal jurisdiction cheating. I think a site should enforce KYC pre deposit or they forfeit the right to use it against a player later so they can get out of paying a player their winnings.

It might not be for scamming specifically, but it does have something to do with looting the money of their gamblers since it isn't really as easy as you describe it to complete a 5x wagering requirement with your balance intact and not losing a very large portion of it since we all know how gambling is with the house edge and all.

If a casino has a 5x wagering requirement of the money deposited by a customer, they probably don't want their customers to at least get back what they've deposited, it's another thing if they are lucky enough to win something big with it, and then complete the requirement and withdraw the money that might remain after that, but that's not a very common thing in my opinion.

It's very simple: if you don't like a casino for their unfavorable terms, then don't gamble on it. Scam casinos are different from those that don't have favorable terms for their gamblers. They are running a business and are ensuring they'll win using their advantage. With lots of casinos in the industry, I'm sure we can find one that will satisfy our demands as gamblers.

[Coinbox1]

Hello everyone,

This is TrustDice official rep.

I just saw we're being discussed here, so please allow me to weigh in.

Yes, we have an x5 wager requirement on deposits for withdrawals, which has always been clearly stated in our terms and conditions:
 5.10 In order to make a withdrawal, a player must wager 5x from the deposit amount.


We set the wager requirement at 5x primarily due to the fact that we have a Dice game where the player can set the win rate by themselves, can set it as super high like 95% and we got only a minimal house edge here.

Such existence is golden for money laundering.

So if we have a x1 wager requirement on deposit for withdraw, the Dice game will make our site a paradise for money laundering, because 95% of the time a criminal will not lose a dime laundering money on our site. In fact, it is much more likely that they will make some extra money from this activity than lose anything.

For many criminals, this is much better than bitcoin mixers. And like all (reputable) crypto businesses, we can't let this happen.

Some might say KYC would prevent money laundering from happening. This is unfortunately not always the case in real life. If a user deposits some cryptos then plays x1 on Dice before withdrawing, the player can simply say he/she doesn't like the game and decided to leave, or say he/she prefers taking a rest for now. Most of these players would be ordinary players. But when hundreds or thousands of players doing so, it becomes practically impossible to isolate money launderings from them, because, to be fairly honest, they can act in the same way as ordinary players on Dice. Now, should we require KYC on all users doing this? This will most certainly overwhelm our risk management department and annoys most of these players who are more likely to be ordinary players.

As a business, we actually started from this very Dice game, and there is a "Dice" in our name. We can't remove it from our site. It is our origin, it is our heritage and it makes who we are today.

So I guess a x5 wager requirement on withdrawal is a curse we inherited from our history.

I will keep this thread updated as soon as I find some time to make the minimum deposit and try to wager 5x my deposits which will be 15 USDT as mentioned in terms. I have contacted the casino's live support and confirmed that there are no additional conditions for withdrawing my profits and deposited amount once I meet the required terms to avoid any other extra requirements.

As promised, I made the minimum deposit today and attempted to wager x5 my deposit of 0.0005 BTC. Fortunately I was able to achieve their requirements  by taking some risks in Dice game and purchasing a minimum bonus on Sweet Bonanza slot which turned surprisingly into a profit. After contacting live support to confirm if I had met the required wagering amount, I submitted a withdrawal request. I was apprehensive about facing a KYC process or having my withdrawal request denied, but it wasn’t the case at all, the process was smooth and my withdrawal was processed almost instantly. I received my funds without having to go through the hassle of confirming my documents or anything else. I hope the casino take another consideration about the high wagering requirements and it would be great for both side.

this is a good news mate at least after  weeks you finally got your winning and do that challenging way of depositing and complying to their wagering requirements .
since there is a smooth withdrawal, meaning their site name stands still as Trustdice casino .
though indeed that considering to lower their requirements will keep players entering their site .

[panjul07]

-skip-

Even if you say that you have dice game that can be played with high winning rate to fulfil the wagering requirement, but x5 wagering requirement is absolutely too much.
There are many other casinos with dice game too, do they have the same wagering requirement as yours?
1x is standard wagering requirement used by most other casinos with the same reason which is to avoid money laundering.
If they can do it, why you cant?

[GxSTxV]

Even if you say that you have dice game that can be played with high winning rate to fulfil the wagering requirement, but x5 wagering requirement is absolutely too much.
There are many other casinos with dice game too, do they have the same wagering requirement as yours?
1x is standard wagering requirement used by most other casinos with the same reason which is to avoid money laundering.
If they can do it, why you cant?

That would be my response to him as well as well

-skip-

I respect the casino's terms which allow players to wager using dice games but implementing a x5 wagering requirement can harm legitimate players that aren’t trying to mix coin or launder money. beside that reducing the wagering requirements would benefit the casino by attracting more players. Almost every other casino requires only a x1 wagering requirement to withdraw winnings and prevent illegal activities on their casino with also requiring a KYC process.

For example imagine a normal player who joined your casino and made a deposit of $100. he played slot games and won a jackpot after only a few wagers resulting in a balance of $300. But unfortunately due to the high wagering requirements, he is unable to withdraw his winnings without risking $100. This puts the player under pressure, and he may end up chasing hisj losses and losing everything beside his deposit. So all we are asking for is to consider the interests of legitimate players. As a gambler having lows wagering requirements for no bonus deposits is so important.

[yahoo62278]

The 5x wager isn't really a scam per se. I don't agree with it 1 bit, but if people read the ToS they would know what they're getting themselves into. 5x isn't exactly hard to do either, especially if the site has dice, which they do.

Now the KYC and ToS being used as a weapon I can agree with. I think if a site allows you to deposit and you win, you should be paid as long as you didn't cheat to win. I don't consider gambling from an illegal jurisdiction cheating. I think a site should enforce KYC pre deposit or they forfeit the right to use it against a player later so they can get out of paying a player their winnings.

It might not be for scamming specifically, but it does have something to do with looting the money of their gamblers since it isn't really as easy as you describe it to complete a 5x wagering requirement with your balance intact and not losing a very large portion of it since we all know how gambling is with the house edge and all.

If a casino has a 5x wagering requirement of the money deposited by a customer, they probably don't want their customers to at least get back what they've deposited, it's another thing if they are lucky enough to win something big with it, and then complete the requirement and withdraw the money that might remain after that, but that's not a very common thing in my opinion.

I agree that it's definitely a tactic by the casino to hopefully gain more money from each deposit, but if their ToS is up front and mentions the 5x, then it's not scamming. It sucks, but it's not scamming. Users should always read the ToS before playing at a casino period.

[uneng]

It's very simple: if you don't like a casino for their unfavorable terms, then don't gamble on it. Scam casinos are different from those that don't have favorable terms for their gamblers. They are running a business and are ensuring they'll win using their advantage. With lots of casinos in the industry, I'm sure we can find one that will satisfy our demands as gamblers.

That is it. If you aren't confortable with a promotion's terms in particular, don't apply for it. Just play normally without any bonusses, or look for a casino which has promotions with feasible terms and requirements, so you can try profiting from it with decent chances of success.

On the other hand, I can understand OP's annoyance for falling for such hardcore promotions and in every cases, his thread helps other gamblers to be more careful, and to pay more attention from now on before going for deposit bonus without looking for wagering requirements first.

[South Park]

It's very simple: if you don't like a casino for their unfavorable terms, then don't gamble on it. Scam casinos are different from those that don't have favorable terms for their gamblers. They are running a business and are ensuring they'll win using their advantage. With lots of casinos in the industry, I'm sure we can find one that will satisfy our demands as gamblers.

True, however we must admit that it is not possible to do everything by the book all the time, while I make an effort to read the TOS of any service in which I deposit some money in order to be aware of what policies I am going to be subjected to, I will admit that sometimes I have made the mistake of omitting this step, so far such mistakes did not had any kind of negative consequences, but I think that what happened to the OP could have happened to anyone under the wrong circumstances.

[danadc]

It's very simple: if you don't like a casino for their unfavorable terms, then don't gamble on it. Scam casinos are different from those that don't have favorable terms for their gamblers. They are running a business and are ensuring they'll win using their advantage. With lots of casinos in the industry, I'm sure we can find one that will satisfy our demands as gamblers.

That is it. If you aren't confortable with a promotion's terms in particular, don't apply for it. Just play normally without any bonusses, or look for a casino which has promotions with feasible terms and requirements, so you can try profiting from it with decent chances of success.

On the other hand, I can understand OP's annoyance for falling for such hardcore promotions and in every cases, his thread helps other gamblers to be more careful, and to pay more attention from now on before going for deposit bonus without looking for wagering requirements first.

It is difficult to meet the bonus requirements, betting, because it is obvious that we are to play aproevhar and you win, well withdraw, the bad thing is that if you win and cannot withdraw, it is when you remember that you did not read the terms of the bonus and that is a nuisance, because when you read the conditions they are difficult to meet and the money that has been earned eventually is something that cannot be met and you can lose everything you earned and if you neglect all the balance you have available That is something that no one wants to experience.

[Hamphser]

It's very simple: if you don't like a casino for their unfavorable terms, then don't gamble on it. Scam casinos are different from those that don't have favorable terms for their gamblers. They are running a business and are ensuring they'll win using their advantage. With lots of casinos in the industry, I'm sure we can find one that will satisfy our demands as gamblers.

That is it. If you aren't confortable with a promotion's terms in particular, don't apply for it. Just play normally without any bonusses, or look for a casino which has promotions with feasible terms and requirements, so you can try profiting from it with decent chances of success.

On the other hand, I can understand OP's annoyance for falling for such hardcore promotions and in every cases, his thread helps other gamblers to be more careful, and to pay more attention from now on before going for deposit bonus without looking for wagering requirements first.

It is difficult to meet the bonus requirements, betting, because it is obvious that we are to play aproevhar and you win, well withdraw, the bad thing is that if you win and cannot withdraw, it is when you remember that you did not read the terms of the bonus and that is a nuisance, because when you read the conditions they are difficult to meet and the money that has been earned eventually is something that cannot be met and you can lose everything you earned and if you neglect all the balance you have available That is something that no one wants to experience.

Having wager requirements on your deposit is something that in default because houses cant really just let themselves as a medium whenever there's someone do make out deposit and directly make out some withdrawal for some mixing of coins intent or purpose which means that they are prone to money laundering, plus these platforms are really that regulated or something under governments radar
so it wont really be that surprising that they would really be needing to abide with the laws and regulations been set. It is really just that there are casinos who do set off rules
which is far out beyond those standards been set and i do agree with that 5x wager requirement on deposit is really just that too much.

[Fredomago]

It's very simple: if you don't like a casino for their unfavorable terms, then don't gamble on it. Scam casinos are different from those that don't have favorable terms for their gamblers. They are running a business and are ensuring they'll win using their advantage. With lots of casinos in the industry, I'm sure we can find one that will satisfy our demands as gamblers.

That is it. If you aren't confortable with a promotion's terms in particular, don't apply for it. Just play normally without any bonusses, or look for a casino which has promotions with feasible terms and requirements, so you can try profiting from it with decent chances of success.

On the other hand, I can understand OP's annoyance for falling for such hardcore promotions and in every cases, his thread helps other gamblers to be more careful, and to pay more attention from now on before going for deposit bonus without looking for wagering requirements first.

It is difficult to meet the bonus requirements, betting, because it is obvious that we are to play aproevhar and you win, well withdraw, the bad thing is that if you win and cannot withdraw, it is when you remember that you did not read the terms of the bonus and that is a nuisance, because when you read the conditions they are difficult to meet and the money that has been earned eventually is something that cannot be met and you can lose everything you earned and if you neglect all the balance you have available That is something that no one wants to experience.

Having wager requirements on your deposit is something that in default because houses cant really just let themselves as a medium whenever there's someone do make out deposit and directly make out some withdrawal for some mixing of coins intent or purpose which means that they are prone to money laundering, plus these platforms are really that regulated or something under governments radar
so it wont really be that surprising that they would really be needing to abide with the laws and regulations been set. It is really just that there are casinos who do set off rules
which is far out beyond those standards been set and i do agree with that 5x wager requirement on deposit is really just that too much.

Yes, it's a requirement that gambler needs to fulfil when using the platform, most of the time they use this to prevent exposing bonuses or like what you mentioned about government rules to avoid money laundering, knowing the possibility that gambler can use this venue to mixed their crypto and have a graceful exit without a trace.

On that note of 5x wagering requirements, my opinion is the same. That's huge for just preventing any government rules, too much to keep your money when using the platform.

[Hamphser]

It's very simple: if you don't like a casino for their unfavorable terms, then don't gamble on it. Scam casinos are different from those that don't have favorable terms for their gamblers. They are running a business and are ensuring they'll win using their advantage. With lots of casinos in the industry, I'm sure we can find one that will satisfy our demands as gamblers.

That is it. If you aren't confortable with a promotion's terms in particular, don't apply for it. Just play normally without any bonusses, or look for a casino which has promotions with feasible terms and requirements, so you can try profiting from it with decent chances of success.

On the other hand, I can understand OP's annoyance for falling for such hardcore promotions and in every cases, his thread helps other gamblers to be more careful, and to pay more attention from now on before going for deposit bonus without looking for wagering requirements first.

It is difficult to meet the bonus requirements, betting, because it is obvious that we are to play aproevhar and you win, well withdraw, the bad thing is that if you win and cannot withdraw, it is when you remember that you did not read the terms of the bonus and that is a nuisance, because when you read the conditions they are difficult to meet and the money that has been earned eventually is something that cannot be met and you can lose everything you earned and if you neglect all the balance you have available That is something that no one wants to experience.

Having wager requirements on your deposit is something that in default because houses cant really just let themselves as a medium whenever there's someone do make out deposit and directly make out some withdrawal for some mixing of coins intent or purpose which means that they are prone to money laundering, plus these platforms are really that regulated or something under governments radar
so it wont really be that surprising that they would really be needing to abide with the laws and regulations been set. It is really just that there are casinos who do set off rules
which is far out beyond those standards been set and i do agree with that 5x wager requirement on deposit is really just that too much.

Yes, it's a requirement that gambler needs to fulfil when using the platform, most of the time they use this to prevent exposing bonuses or like what you mentioned about government rules to avoid money laundering, knowing the possibility that gambler can use this venue to mixed their crypto and have a graceful exit without a trace.

On that note of 5x wagering requirements, my opinion is the same. That's huge for just preventing any government rules, too much to keep your money when using the platform.

So the key on here is to avoid on using up these particular sites if you dont like their terms about their deposit and withdrawal requirements which is really that indeed too much and its not something
that we could really be able to bare out and also we do have lots of options in the market on which we dont really need to hinder ourselves on making use of those than on dealing
with this site on having these ridiculous terms and conditions but in overall when we do make out some deposit then most likely we would really be
losing it all in the end which means having deposit of money is considered to be a total lost on the time you would be playing.

[khaled0111]

We set the wager requirement at 5x primarily due to the fact that we have a Dice game where the player can set the win rate by themselves, can set it as super high like 95% and we got only a minimal house edge here.

Your concern is valid when it comes to dice and the alike games but what about other games where the player can't adjust the win rate? Don't you think the 5x wagering requirement is unfair to them?
Why don't you change your wagering requirements to be 5x for bets placed on dice and 1x for bets on other games with lower odds. This way you will prevent money laundering attempts and you will keep your customers happy! Just my two cents.

[Bitinity]

We set the wager requirement at 5x primarily due to the fact that we have a Dice game where the player can set the win rate by themselves, can set it as super high like 95% and we got only a minimal house edge here.

Your concern is valid when it comes to dice and the alike games but what about other games where the player can't adjust the win rate? Don't you think the 5x wagering requirement is unfair to them?
Why don't you change your wagering requirements to be 5x for bets placed on dice and 1x for bets on other games with lower odds. This way you will prevent money laundering attempts and you will keep your customers happy! Just my two cents.

Reduce the x5 to x1 but apply it for game with low odds especially slots will not affect anything because people will prefer to wager x5 on dice than x1 on slots because the risk of losing while wagering can be higher in x1 on slot. It will not make customers happy as well because mathematically it does not give signficant difference. If they want to reduce it to make customers happy, just reduce it without any other rule.

[Mr. Magkaisa]

Usually I would say that this is a scheme or ploy to require users to take a chance with the funds that they deposit before they have a chance of taking it back out...While this may be true, I do believe that it does serve a purpose to counter money laundering by requiring the player to actually use the casino that they deposited to before being able to withdraw. A wagering requirement of something like 5x is not difficult to achieve if you wished to play to begin with. Even if you do change your mind and you don't want to wager, it's still not difficult to achieve in most kinds of games.

   -   What you mentioned is true, the mindset of gamblers who enter a crypto casino in this world should be that whatever capital they put in, they should think that they will lose before even playing.

Because with this mindset, things can happen that you don't expect, like suddenly you win, but all you have in mind is to enjoy and entertain ourselves, because the more we want a good result in our gambling is he, on the other hand, often loses gambling on the reality of what is happening.

[Webetcoins]

Usually I would say that this is a scheme or ploy to require users to take a chance with the funds that they deposit before they have a chance of taking it back out...While this may be true, I do believe that it does serve a purpose to counter money laundering by requiring the player to actually use the casino that they deposited to before being able to withdraw. A wagering requirement of something like 5x is not difficult to achieve if you wished to play to begin with. Even if you do change your mind and you don't want to wager, it's still not difficult to achieve in most kinds of games.

If that requirement is actually to fight money laundering and other illegal activities, I believe having it set at 1x should be enough as even if one gambles 1x of their deposited money, that is enough, but requiring your players to wager your deposit 5x before you are able to withdraw it back if you ever needed is way too much and it should be said so.

Also, even if a casino has that requirement for money launderers, what's the mistake of normal players who will need to suffer from this without having any bad intentions? It might be easy to reach that target on a certain game, like Dice, but there is no guarantee that you won't lose your money during that.

[michellee]

Usually I would say that this is a scheme or ploy to require users to take a chance with the funds that they deposit before they have a chance of taking it back out...While this may be true, I do believe that it does serve a purpose to counter money laundering by requiring the player to actually use the casino that they deposited to before being able to withdraw. A wagering requirement of something like 5x is not difficult to achieve if you wished to play to begin with. Even if you do change your mind and you don't want to wager, it's still not difficult to achieve in most kinds of games.

   -   What you mentioned is true, the mindset of gamblers who enter a crypto casino in this world should be that whatever capital they put in, they should think that they will lose before even playing.

Because with this mindset, things can happen that you don't expect, like suddenly you win, but all you have in mind is to enjoy and entertain ourselves, because the more we want a good result in our gambling is he, on the other hand, often loses gambling on the reality of what is happening.

And even if they can win, they must pass the wagering requirements before withdrawing their winnings. Many casinos but not many casinos, require low wagering requirements because the casinos have high wagering requirements, which are difficult for gamblers to achieve.

Maybe the mindset of gamblers should be changed. They previously thought that whatever capital they put in, they must be able to manage it properly so they don't lose at once. And when we do win, hopefully, we won't have to pass high wagering requirements to withdraw our winnings.