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Author Topic: Wagering requirements for withdraw  (Read 4814 times)
slapper
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May 01, 2023, 04:56:46 PM
Last edit: July 15, 2023, 04:04:48 AM by slapper
 #281

Laundering dough? Please! Laundering garments, way better - keeping those whites bright! Joking aside, money laundering in online casinos? A major issue, like building a wall. Big money attracts shady folks, no surprise. We, the players, gotta do our homework. Stick to safe, secure platforms. Hit the jackpot? Tell the IRS! Uncle Sam needs his piece of the cake! Online gambling: a world of surprises, opportunities. But we gotta play fair, keep it safe, and secure for everyone. Let's do it, folks!
In fact that should be one of the main motivators to gamble at reputable casinos and follow their TOS, after all if you happen to be one of the lucky gamblers which wins a massive amount of money at the casino, you do not want that to happen at a casino which will never pay you or to discover you did something which violated their TOS and they can refuse to pay you.

And while it is clear this is unlikely, it is still a possibility, as even if it is not exactly the same I remember reading the cases of people that won the lottery, but they lost their ticket, and as such they were unable to claim their prize money.
I get it; you're arguing that we should only play at the most reputable casinos and abide by their policies. However, some argue that the gaming industry preys on the weak in exchange for hard cash. Chance in a bet? highly contentious. The chances are stacked in your favor, some people say; it's not luck. "Winning big" seems like a mirage, an illusion meant to keep you playing.

While there are procedures in place to prevent fraud at online casinos, there have been cases where legitimate customers were treated unfairly. Confidence in the market? Not really. It feels like the game's rigged against us, folks

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SirLancelot
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May 03, 2023, 06:58:40 PM
 #282

No one can complete a wagering requirement that is so high only by being patient but they need to be extremely lucky in order to reach that threshold since they will need to win significantly high amounts in order to keep playing different games and even if they keep losing, some of their balance will still remain that they can withdraw after the requirements have been met.
Wagering of $5k is very high so it is very difficult for a small and nonprofessional gambler to fulfill it. because if the luck is bad and a gambler keeps losing gambling then he has to lose huge amount of funds to make up this wagering. this is a really unfair wagering requirement. Wagering requirement without any kind of deposit bonus means forcing it on someone so such gambling site can never be a good and reputable casino site.
Even a professional gambler won't be able to fulfill requirements that are too high since gambling is not about professionalism and even a professional gambler has to go through losses and streaks of losses. So someone who is in the process of trying to complete a wagering requirement is most likely to lose all their bankroll or most of it in between the process.

So it is outright unfair if a casino has a wagering requirement of more than 1x for a deposited amount, if they are giving a bonus with the deposit and have the wagering requirements on that, that's understandable.

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May 04, 2023, 03:21:23 AM
 #283

Even a professional gambler won't be able to fulfill requirements that are too high since gambling is not about professionalism and even a professional gambler has to go through losses and streaks of losses. So someone who is in the process of trying to complete a wagering requirement is most likely to lose all their bankroll or most of it in between the process.

So it is outright unfair if a casino has a wagering requirement of more than 1x for a deposited amount, if they are giving a bonus with the deposit and have the wagering requirements on that, that's understandable.
Fulfilling onerous wagering criteria takes a long period of time before gamblers figure out how to pass such hurdles. But with implemented good gambling set-ups, gamblers tends to make significant profits. Gambling is one of the most difficult tasks for gamblers to do; as a skilled gambler, you would not make losses; they don't realize that losers do the majority of the counting. It is critical to identify the variables that prevent one from obtaining complete knowledge and profits from gambling; after all, the system is created for individuals to lose money.

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slapper
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May 04, 2023, 09:14:13 AM
 #284

Even a professional gambler won't be able to fulfill requirements that are too high since gambling is not about professionalism and even a professional gambler has to go through losses and streaks of losses. So someone who is in the process of trying to complete a wagering requirement is most likely to lose all their bankroll or most of it in between the process.

So it is outright unfair if a casino has a wagering requirement of more than 1x for a deposited amount, if they are giving a bonus with the deposit and have the wagering requirements on that, that's understandable.
Fulfilling onerous wagering criteria takes a long period of time before gamblers figure out how to pass such hurdles. But with implemented good gambling set-ups, gamblers tends to make significant profits. Gambling is one of the most difficult tasks for gamblers to do; as a skilled gambler, you would not make losses; they don't realize that losers do the majority of the counting. It is critical to identify the variables that prevent one from obtaining complete knowledge and profits from gambling; after all, the system is created for individuals to lose money.
Let's be honest: casinos have one goal – profit. They raise the stakes with lofty wagering prerequisites, a cunning trap for gamblers to lose more. Unfair? Absolutely. Sure, a few gamblers conquer the system, reaping sizable rewards. But they're scarce. For most, those burdensome requirements mean losing more than they can spare.

Pointing fingers at losers? A tactic to cover the system's flaws. Time for casinos to examine their ways and respect gamblers. The answer? Diminish wagering requirements? Enhance transparency? It's debatable. But something is crystal clear: change is essential.


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coinerer
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May 04, 2023, 12:59:00 PM
 #285

No one can complete a wagering requirement that is so high only by being patient but they need to be extremely lucky in order to reach that threshold since they will need to win significantly high amounts in order to keep playing different games and even if they keep losing, some of their balance will still remain that they can withdraw after the requirements have been met.
Wagering of $5k is very high so it is very difficult for a small and nonprofessional gambler to fulfill it. because if the luck is bad and a gambler keeps losing gambling then he has to lose huge amount of funds to make up this wagering. this is a really unfair wagering requirement. Wagering requirement without any kind of deposit bonus means forcing it on someone so such gambling site can never be a good and reputable casino site.
Even a professional gambler won't be able to fulfill requirements that are too high since gambling is not about professionalism and even a professional gambler has to go through losses and streaks of losses. So someone who is in the process of trying to complete a wagering requirement is most likely to lose all their bankroll or most of it in between the process.

So it is outright unfair if a casino has a wagering requirement of more than 1x for a deposited amount, if they are giving a bonus with the deposit and have the wagering requirements on that, that's understandable.
Everyone gambles according to their own ability and careful gamblers always read the terms and conditions of the gambling site before gambling.  So when someone reads the terms and conditions carefully before gambling and sees that there is a wagering requirement of $5k I don't think that gambler would be interested in gambling on that site. because there are many advantages to gambling, no one wants to take such a risk easily.


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Lanatsa
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May 04, 2023, 02:16:12 PM
 #286

No one can complete a wagering requirement that is so high only by being patient but they need to be extremely lucky in order to reach that threshold since they will need to win significantly high amounts in order to keep playing different games and even if they keep losing, some of their balance will still remain that they can withdraw after the requirements have been met.
Wagering of $5k is very high so it is very difficult for a small and nonprofessional gambler to fulfill it. because if the luck is bad and a gambler keeps losing gambling then he has to lose huge amount of funds to make up this wagering. this is a really unfair wagering requirement. Wagering requirement without any kind of deposit bonus means forcing it on someone so such gambling site can never be a good and reputable casino site.
Even a professional gambler won't be able to fulfill requirements that are too high since gambling is not about professionalism and even a professional gambler has to go through losses and streaks of losses. So someone who is in the process of trying to complete a wagering requirement is most likely to lose all their bankroll or most of it in between the process.

So it is outright unfair if a casino has a wagering requirement of more than 1x for a deposited amount, if they are giving a bonus with the deposit and have the wagering requirements on that, that's understandable.
Everyone gambles according to their own ability and careful gamblers always read the terms and conditions of the gambling site before gambling.  So when someone reads the terms and conditions carefully before gambling and sees that there is a wagering requirement of $5k I don't think that gambler would be interested in gambling on that site. because there are many advantages to gambling, no one wants to take such a risk easily.
For heavy wagerers then it would really be just that sensible that you should really be that mindful about this tiny piece of information which it might be mostly be ignored or failed to read up but later on, you would really be finding yourself on regretting if ever you would be experiencing some problems just because you had just missed out on reading up on the first place but most of the times you wouldnt

really be that bothered on having these things to mind on just because it most likely you would be busting up all of your balance before you could be able to hit up the withdrawal threshold which it is really that indeed that common and this is why some people doesnt really bothered themselves on reading up those TOS or just simply they are really just that lazy on doing so.

Wagering requirements on deposits is a very common or in default because they are really that stopping people to those who are just mixing up their coins via making deposits
and making some direct withdrawal because we know on how money laundering does work.

R


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Fredomago
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May 04, 2023, 03:02:46 PM
 #287


For heavy wagerers then it would really be just that sensible that you should really be that mindful about this tiny piece of information which it might be mostly be ignored or failed to read up but later on, you would really be finding yourself on regretting if ever you would be experiencing some problems just because you had just missed out on reading up on the first place but most of the times you wouldnt

really be that bothered on having these things to mind on just because it most likely you would be busting up all of your balance before you could be able to hit up the withdrawal threshold which it is really that indeed that common and this is why some people doesnt really bothered themselves on reading up those TOS or just simply they are really just that lazy on doing so.

Wagering requirements on deposits is a very common or in default because they are really that stopping people to those who are just mixing up their coins via making deposits
and making some direct withdrawal because we know on how money laundering does work.

You need to be mindful even it's not that huge amount of money that you deposit what matters is you are using your own money and it's your right to know what are the requirements to make sure that you will not have any problem or any delay when you decided to withdraw either your winning money or just even the leftover from your initial deposit.

Wagering requirements just like how you said it on your last statement, it's something that's being built or mandatory to avoid mixing your coin and be used for money laundering.

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Slow death
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May 04, 2023, 04:01:05 PM
 #288

It feels like the game's rigged against us, folks

since in gambling the house always wins, there is no other way for a player to become profitable in gambling, most of the time people who have high expectations that they will deposit money in the casino and then will get good profits, after a month they are faced with the harsh reality that a month has passed and all they had were big losses, but even seeing a very scary scenario these people will continue to have hope that the next time they put money in the casino they will leave with profits and if they have a victory that allows them to have more money than what they deposited, then they start to have more illusion that they are going to win a lot of money with games of chance and what comes next is disgrace, they lose everything and keep putting more money, until they reach the level of not having even a penny and already addicted they get depressed, use drugs or commit suicide

Wagering requirements just like how you said it on your last statement, it's something that's being built or mandatory to avoid mixing your coin and be used for money laundering.

this only makes sense if the casino puts 1x of the deposit, if a casino says in its TOS that all people when they want to withdraw money must play up to 1x of the deposit that they made then it makes sense and it is fair because they are preventing money laundering, but when they talk about things like 2x, 3x, 4x so it is already a form of indirect scam, because we all know that casinos are not the place to earn money, that scammer would be crazy to launder money in the casino knowing that he is obliged to play until he fulfills 1x of your deposit? the answer is that no scammers would launder money at some casino with a 1x withdrawal requirement, so it doesn't make sense to do things like 2x, 3x, 4x, 5x... 10x.

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May 04, 2023, 04:36:07 PM
 #289


For heavy wagerers then it would really be just that sensible that you should really be that mindful about this tiny piece of information which it might be mostly be ignored or failed to read up but later on, you would really be finding yourself on regretting if ever you would be experiencing some problems just because you had just missed out on reading up on the first place but most of the times you wouldnt

really be that bothered on having these things to mind on just because it most likely you would be busting up all of your balance before you could be able to hit up the withdrawal threshold which it is really that indeed that common and this is why some people doesnt really bothered themselves on reading up those TOS or just simply they are really just that lazy on doing so.

Wagering requirements on deposits is a very common or in default because they are really that stopping people to those who are just mixing up their coins via making deposits
and making some direct withdrawal because we know on how money laundering does work.

You need to be mindful even it's not that huge amount of money that you deposit what matters is you are using your own money and it's your right to know what are the requirements to make sure that you will not have any problem or any delay when you decided to withdraw either your winning money or just even the leftover from your initial deposit.

Wagering requirements just like how you said it on your last statement, it's something that's being built or mandatory to avoid mixing your coin and be used for money laundering.

When in a casino you deposit 10 dollars and it is so, for example I play and win 1500 dollars, do I have to deposit more? I think not, because what is happening here is that instead of losing the 10 dollars, which is the normal thing that happens all the time, they won, and the casino must accept that sometimes these things happen and they must pay because that is what the rules indicate, if they require the kyc then once it has been fulfilled the withdrawal must be made and the player must enjoy those 1500 dollars, that is normal, then there should not be any type of claims, that is what I understand casinos and how they should work, if they ask for a deposit close to 1500 dollars I interpret it as a declared scam.

R


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South Park
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May 04, 2023, 07:30:25 PM
 #290

Everyone gambles according to their own ability and careful gamblers always read the terms and conditions of the gambling site before gambling.  So when someone reads the terms and conditions carefully before gambling and sees that there is a wagering requirement of $5k I don't think that gambler would be interested in gambling on that site. because there are many advantages to gambling, no one wants to take such a risk easily.
People need to become more responsible with their gambling, I know that all of us want to get some fun and unwind, but gamblers really need to begin to learn that before they make any kind of deposit at any casino they need to read their TOS, this way you are going to discover a lot about the casino in question and decide if the policies they have in place are fair for you, and if you think this is not the case then you can simply discard that casino and gamble at another one which has way better policies.

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May 04, 2023, 08:06:05 PM
 #291

Everyone gambles according to their own ability and careful gamblers always read the terms and conditions of the gambling site before gambling.  So when someone reads the terms and conditions carefully before gambling and sees that there is a wagering requirement of $5k I don't think that gambler would be interested in gambling on that site. because there are many advantages to gambling, no one wants to take such a risk easily.
People need to become more responsible with their gambling, I know that all of us want to get some fun and unwind, but gamblers really need to begin to learn that before they make any kind of deposit at any casino they need to read their TOS, this way you are going to discover a lot about the casino in question and decide if the policies they have in place are fair for you, and if you think this is not the case then you can simply discard that casino and gamble at another one which has way better policies.

If you keep the knowledge about the requirements, you'll avoiding any possible problem to take place, I believe that by reading the terms and conditions gives you the glance if whether you will continue to deposit your money or better not to proceed and just use whatever platform you already knew that will not give any delayed in your deposit and withdrawal transactions.

Why bother to use a platform that you are unsure, but with reading the requirements it's giving you a glimpse that you can accept
whatever is the condition that you know.

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maydna
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May 04, 2023, 08:24:42 PM
 #292

Everyone gambles according to their own ability and careful gamblers always read the terms and conditions of the gambling site before gambling.  So when someone reads the terms and conditions carefully before gambling and sees that there is a wagering requirement of $5k I don't think that gambler would be interested in gambling on that site. because there are many advantages to gambling, no one wants to take such a risk easily.
People need to become more responsible with their gambling, I know that all of us want to get some fun and unwind, but gamblers really need to begin to learn that before they make any kind of deposit at any casino they need to read their TOS, this way you are going to discover a lot about the casino in question and decide if the policies they have in place are fair for you, and if you think this is not the case then you can simply discard that casino and gamble at another one which has way better policies.
Unfortunately, many gamblers, especially beginners, still underestimate this by not reading the ToS completely and only reading what they think is important. Later, after they have a problem at the casino, they are busy asking about the support service or reading the full Tos. We often meet people like that who finally come to complain to this forum and hope we can help them.

However, before they start depositing money or wanting to participate in a promotion, they must read the terms and conditions because each promotion will have different rules. Do not gamble more than you can afford is very important advice always to remember so that we don't regret depositing some money, but it has high wagering requirements.
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May 04, 2023, 11:35:55 PM
 #293

No one can complete a wagering requirement that is so high only by being patient but they need to be extremely lucky in order to reach that threshold since they will need to win significantly high amounts in order to keep playing different games and even if they keep losing, some of their balance will still remain that they can withdraw after the requirements have been met.
Wagering of $5k is very high so it is very difficult for a small and nonprofessional gambler to fulfill it. because if the luck is bad and a gambler keeps losing gambling then he has to lose huge amount of funds to make up this wagering. this is a really unfair wagering requirement. Wagering requirement without any kind of deposit bonus means forcing it on someone so such gambling site can never be a good and reputable casino site.
Even a professional gambler won't be able to fulfill requirements that are too high since gambling is not about professionalism and even a professional gambler has to go through losses and streaks of losses. So someone who is in the process of trying to complete a wagering requirement is most likely to lose all their bankroll or most of it in between the process.

So it is outright unfair if a casino has a wagering requirement of more than 1x for a deposited amount, if they are giving a bonus with the deposit and have the wagering requirements on that, that's understandable.

That may be by design, that is, intended. The site may want players that certainly loose more than win and they are not as confident in their site, system and security as to leave that to the good fortune, but rather implement a withdrawal requisite that makes sure that no matter what, they always have the winning side or else the money stays there.

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May 04, 2023, 11:47:38 PM
 #294

Everyone gambles according to their own ability and careful gamblers always read the terms and conditions of the gambling site before gambling.  So when someone reads the terms and conditions carefully before gambling and sees that there is a wagering requirement of $5k I don't think that gambler would be interested in gambling on that site. because there are many advantages to gambling, no one wants to take such a risk easily.
People need to become more responsible with their gambling, I know that all of us want to get some fun and unwind, but gamblers really need to begin to learn that before they make any kind of deposit at any casino they need to read their TOS, this way you are going to discover a lot about the casino in question and decide if the policies they have in place are fair for you, and if you think this is not the case then you can simply discard that casino and gamble at another one which has way better policies.
As much as there are those who seek relaxation and fun from gambling, there are those who as well see it for what they could gain. Many source for quick wealth in gambling as by one instant of a lucky roll, throw or whatever you could be an instant millionaire. Even through referrer bonus or whatever bonus ran by the house, one could come by some good luck.
Somehow, you would expect the house to pay and where would they get such funds to deliver on its ends without them users that gambles still. They are in for profit after all. Hence,
Terms are put in place to guide the gambler as well as protect the gambling platform so there could be some place to seek out some fun and cash still.

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May 05, 2023, 02:31:15 AM
 #295

   -  The problem is that you didn't read the TOC, so it's too late to find out when it's going to release a winning that you thought you could release without a problem. In fact, that 5x wagering is low compared to other casinos that are even higher than that.

This is one of the ways that an online casino makes money in the cryptocurrency business world. At least the good thing about you is that you share the mistakes you have made to be a warning and a lesson to other gamblers who will try to play in a casino where they gamble.

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May 05, 2023, 05:38:38 AM
 #296

In fact, that 5x wagering is low compared to other casinos that are even higher than that.

Which fact you are talking about, mind to share which casinos with higher wagering requirement for normal deposit without bonus? I guess you misunderstand about this topic as it seems that what you are referring to wagering requirements for bonuses in other casinos while this topic is about normal deposit without bonus. However if you do not misunderstand it, kindly give us some casino's names in this industry with higher wagering requirement for deposit so it will be an additional useful information for forum members.

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May 05, 2023, 08:20:36 AM
 #297

ALWAYS read the terms of service and conditions for withdrawals. Don't fall for those scummy tactics casinos use, and its honestly quite common amongst the newbie ones too. It's really blatant and obvious that they are doing this to milk unsuspecting people of their money. The fact that its 5x the amount deposited too is nigh impossible to achieve as well.

OP, you either play it safe, leave the funds there and hope they lift this restriction up as the casino itself grows. I'm saying this because this is extremely unsustainable, as it hurts their reputation in the long run, and any gambler worth their salt would sniff their intentions through this, and the casino'll wise up eventually. The other way out, if you really need those funds, is unfortunately through gambling your way out. Good luck.
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May 05, 2023, 02:14:00 PM
 #298

ALWAYS read the terms of service and conditions for withdrawals. Don't fall for those scummy tactics casinos use, and its honestly quite common amongst the newbie ones too. It's really blatant and obvious that they are doing this to milk unsuspecting people of their money. The fact that its 5x the amount deposited too is nigh impossible to achieve as well.

OP, you either play it safe, leave the funds there and hope they lift this restriction up as the casino itself grows. I'm saying this because this is extremely unsustainable, as it hurts their reputation in the long run, and any gambler worth their salt would sniff their intentions through this, and the casino'll wise up eventually. The other way out, if you really need those funds, is unfortunately through gambling your way out. Good luck.
Only people who have a lot of money can achieve it, but it depends on their willingness to lose all the money.
We as gamblers, also have to think about whether it is worth doing because something impossible can never be achieved for small gamblers like us.
But it seems that the casino will not lift this limit because it should have been that casinos did not use high limits on their users.
After all, it could make users uncomfortable playing there.
The way out of this is to never deposit into such a casino and rather find another one that doesn't have such high wagering requirements that you shouldn't have any trouble getting there.

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May 05, 2023, 03:00:33 PM
 #299

Even a professional gambler won't be able to fulfill requirements that are too high since gambling is not about professionalism and even a professional gambler has to go through losses and streaks of losses. So someone who is in the process of trying to complete a wagering requirement is most likely to lose all their bankroll or most of it in between the process.

So it is outright unfair if a casino has a wagering requirement of more than 1x for a deposited amount, if they are giving a bonus with the deposit and have the wagering requirements on that, that's understandable.
Fulfilling onerous wagering criteria takes a long period of time before gamblers figure out how to pass such hurdles. But with implemented good gambling set-ups, gamblers tends to make significant profits. Gambling is one of the most difficult tasks for gamblers to do; as a skilled gambler, you would not make losses; they don't realize that losers do the majority of the counting. It is critical to identify the variables that prevent one from obtaining complete knowledge and profits from gambling; after all, the system is created for individuals to lose money.
Let's be honest: casinos have one goal – profit. They raise the stakes with lofty wagering prerequisites, a cunning trap for gamblers to lose more. Unfair? Absolutely. Sure, a few gamblers conquer the system, reaping sizable rewards. But they're scarce. For most, those burdensome requirements mean losing more than they can spare.

Pointing fingers at losers? A tactic to cover the system's flaws. Time for casinos to examine their ways and respect gamblers. The answer? Diminish wagering requirements? Enhance transparency? It's debatable. But something is crystal clear: change is essential.


I have never seen a casino be fair to their gamblers. So most people lose here and only a few win and we know it. And just like you said there is no casino whose goal is to win over the majority of gamblers on their gambling platform.
Casinos are really losing their marketing and gimmicks to their community gamblers. Apart from what you said that casinos are transparent with their players, I think they will not do that and it is unlikely that they will do that. Due to gambling around the world for a long time, I have not seen or read anything even on google that has made transparency for gamblers. Is there any? maybe i just missed it.

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May 05, 2023, 03:15:42 PM
 #300

-snip-
Only people who have a lot of money can achieve it, but it depends on their willingness to lose all the money.
We as gamblers, also have to think about whether it is worth doing because something impossible can never be achieved for small gamblers like us.
But it seems that the casino will not lift this limit because it should have been that casinos did not use high limits on their users.
After all, it could make users uncomfortable playing there.
The way out of this is to never deposit into such a casino and rather find another one that doesn't have such high wagering requirements that you shouldn't have any trouble getting there.

It has nothing to do with how much money we have in our pocket when it comes to wagering requirement for deposit because basically the more deposit you make, the higher wager you need to do.
So even if you have a lot of money, it does not a guarantee that you will be able to achieve the wagering requirement.
Your last suggestion is the best thing should be done by all gamblers regardless how big/small gamblers we are, choose the casinos with low wagering requirement for normal deposit.
 

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