Wagering requirements for withdraw

[yayayo]

Sometimes you really need to know the terms and condition of the gambling sites, some of them really have information about something like that and they know that most of the players are not reading the long ToS that's why they fall for it. I see it as deceiving the players and you should really avoid that kind of gambling site, the 50x wagering requirement is not that easy and there's really a high chance that you'll lose it.

I think it's part of their strategy.

ya.ya.yo!

[inthelongrun]

"The wagering requirements are put in place so that you don't use our platform as a money laundering service" is what they always say.

It's not a false one. Imagine there's no wagering requirement on deposit. You will be able to use them to break the blockchain link, as they say you can use the casino as mixer. Well, 1x wagering isn't really something big when you play for a little time. It's too easy to chase, though OP's casino has a weird 5x requirement.

Money laundering is a serious problem and it is valid enough for regulators to ask these casinos to comply and make wagering requirements on deposits before allowing them to withdraw. But a 5x wagering requirement is crazy. Most betting sites I encountered only ask me to wager once.

But maybe OP wagered once using very low odds like 1.05. I wonder if very low odds are enough for casinos to allow withdrawals. They might want you to bet 20x with an average odds of 1.05 in order for withdrawals to be allowed.

[yahoo62278]

post #8

The casino is Trustdice and also known here. But i believe that many users aren’t aware of their terms.

Then these posts all asking the name of the casino

What truly concerns me is the 5X wagering requirement on normal deposits without any bonus in order to withdraw the initial deposit or winnings.
In my opinion this term is unfair.

This isnt just unfair, that is a pure robbery. I dont think there is a single person who can or a strategy that will work to wager 5X without any losses. I am for casinos having a wagering requirement to prevent users using casinos as mixers or to laundry their dirty crypto, but 5X is a big no for me. Specially when the casino does not give any deposit bonuses.

OP what is the name of the casino you are talking about ? No need to hide those "heroes", their name should be public. Specially if they hide that 5X rules in ToS and does not put a huge warning banner when making a deposit.

that is the reason why every gambler must read the T&C that apply to gambling platforms, even though I myself sometimes still forget not to read the T&C before starting to gamble in a casino that I didn't know about before.
I think I know the casino you mean.

I used to bet at a certain casino and I didn't read the T&C after that I got some wins and wanted to withdraw my funds but the casino refused. after that i tried to contact service support and they said i have to bet 5x of my deposit amount.
after that i got the hang of it and i made my bet in sports betting and made it to bet 5x of the deposit amount.

with this incident I don't think that the casino is unfair or a scam but I was careless not to read the T&C before placing a bet. after all, casinos have rules that must be obeyed, and if we are careless, we don't read these rules and get rejected, it's our fault.
so to be honest i completely understand the casino. because every casino has its own rules and we as gamblers must comply with these rules.

so for me the rule is natural not a problem and in fact the casino is still popular today.

To clarify things better here is an example : if you were to deposit $1000 and win $200 in your first few games then you wouldnt be able to withdraw your winnings or even your deposits without wagering at least $5000. This means that 80% of the time, you would lose your money before reaching the required amount.
In my opinion this term is unfair. I am not attacking any specific casino, but I do believe that if users were aware of these requirements they would be less likely to deposit their money in such casinos since there are other casinos without such stringent requirements.

My first time of getting to know about a thing as this, this is completely unfair and I could possibly tell that a casino with such a term is being managed by criminals.

@OP, This thread would have been more informative if you mentioned the name of the casino in question, so that some of us do not end up making the same mistake you made on this same casino, on the few casinos I've played on, including Stake.com, never encountered such a rule, so for me, there is absolutely no reason whatsoever, a casino should impose such a high wager requirements for withdrawals on its customers, its an act of robbery, and such casino should be boycotted.

Come on guys, the thread is just barely 3 pages long at the time of me posting this. It's not a megathread with 50 pages so you guys taking the time to read replies before replying shouldn't be an issue. Be part of the solution, not part of the problem guys.

[Gozie51]

What truly concerns me is the 5X wagering requirement on normal deposits without any bonus in order to withdraw the initial deposit or winnings.

I don't know if Op has scrutinized to confirm this and I think responses here have ignored this line and this is serious more like an indictment already. If a casino is trying to put a check on money laundering activities, then placing a 5x wager on the initial deposit (which is regarded as your personal money) before you can withdraw same deposit, is such a distrust already. We know casinos are made in a way that percentage of winning against it is lower and percentage of losing is higher , so having a 5x wager is weigh too much even for a money laundering speculation.

The ineptitude of op not reading ToS has exposed certain conditions not known already to players. Playing in a casino that has such stringent conditions before withdrawal is a meal for second thought.

[Nrcewker]

What happened with you, is just pure torture. Can’t blame the casino either. You didn’t read the terms and conditions thoroughly and for that reason you have been suffered. Moreover I always advised all the members to avoid sites with these types of shady terms and conditions, but still many people join these new casinos with moe greed. Nothing can be done other than fulfilling the required conditions. Atleast keep in mind that from next time onwards choose a casino with good reputation and terms and conditions.

[traderethereum]

If you are new to the casino and deposit $1000, it will make the casino suspect you and may conduct a thorough investigation of your account.
It is highly not recommended to deposit large amounts of money until your gambling account can regularly play gambling at the casino.
But the amount of betting that is too large is also often encountered in several casinos, especially new ones, because I have also encountered it and have had difficulty withdrawing the winning money I received.
And I will no longer want to bet at that casino because many other casinos still don't set too large a wagering amount.

[AHOYBRAUSE]

I recently discovered that I signed up for a casino without thoroughly reading its terms and conditions agreement. But of course this was entirely my fault even that I am still bothered by the withdrawal requirements on deposits. It is well known that deposit bonuses or any bonus offered by a casino will have wagering requirements that goes to x50 or more. What truly concerns me is the 5X wagering requirement on normal deposits without any bonus in order to withdraw the initial deposit or winnings.
To clarify things better here is an example : if you were to deposit $1000 and win $200 in your first few games then you wouldnt be able to withdraw your winnings or even your deposits without wagering at least $5000. This means that 80% of the time, you would lose your money before reaching the required amount.
In my opinion this term is unfair. I am not attacking any specific casino, but I do believe that if users were aware of these requirements they would be less likely to deposit their money in such casinos since there are other casinos without such stringent requirements.

Never heard of such rules outside of a bonus offer. That would be a total ripoff. I think this site just targeting players that don't read the TOS and just register and play. Many do such thing even though it's really risky.
In the past maybe I did as well but I'm not a casino player so such rules in sports would also be hard to swallow but much more doable. Nowadays I check a lot like KYC, country restriction and so on before even considering to deposit.

Nobody in their right mind would deposit under such conditions knowing they have to rollover their deposit 5 times for no reason or gain. For a deposit bonus I get it but without it's straight up crazy.

Hope you didn't deposit too much.

[Plaguedeath]

But maybe OP wagered once using very low odds like 1.05. I wonder if very low odds are enough for casinos to allow withdrawals. They might want you to bet 20x with an average odds of 1.05 in order for withdrawals to be allowed.

I don't think it's enough, just bet on heavy favorited team or fighter, the chance to win is very high and it's almost impossible we will lose, unlike dice or other lucky based game. Usually the casino ask the minimum odds is 1.50, I think 5x wagering requirements with 1.50 minimum odds will mostly make the gambler lose their money.

I think it's no problem if it's a bonus money, but this is a normal deposit and the requirement is really big.

[Rruchi man]

I recently discovered that I signed up for a casino without thoroughly reading its terms and conditions agreement.

This is your first mistake, good thing you have owned up to it.

It is well known that deposit bonuses or any bonus offered by a casino will have wagering requirements that goes to x50 or more. What truly concerns me is the 5X wagering requirement on normal deposits without any bonus in order to withdraw the initial deposit or winnings.
To clarify things better here is an example : if you were to deposit $1000 and win $200 in your first few games then you wouldnt be able to withdraw your winnings or even your deposits without wagering at least $5000. This means that 80% of the time, you would lose your money before reaching the required amount.

The intention for wagering requirement is to make you stay longer with a casino you are playing with. If you won a bonus and a wager requirement is required, it is to redeem your reward by performing the task of playing some more with the casino. If there are wagering requirements for withdrawal, people will hunt for casino's with rewards and jump from one to another.

In my opinion this term is unfair. I am not attacking any specific casino, but I do believe that if users were aware of these requirements they would be less likely to deposit their money in such casinos since there are other casinos without such stringent requirements.

Some users who have long term plan to play in a reputable casino and they discover the casino has a condition for wagering requirements for withdrawal, they may go ahead knowing that that they intend to keep gambling.

If your intention is mostly that you are gambling for fun, you wouldn't mind as well.

[Peanutswar]

That's the reason why it's a must to read their terms and conditions so you don't need to get bothered with those problem with the deposit and withdrawal in that case seems like you made a deposit and make a good profit and wants to have an instant withdrawal and just recently created or active the account some of the casino will prevent this thing to happen to have an immediate withdrawal because there a possibility they will flag the account as one of the suspicious activity. Better to check their requirements and promos before activating to make sure you can still withdraw your funds. Some platform requiring having a minimum games to play and games to withdraw. This could serve as a lesson an expensive lesson.

[Coin_trader]

What truly concerns me is the 5X wagering requirement on normal deposits without any bonus in order to withdraw the initial deposit or winnings.
To clarify things better here is an example :

Can you share what casino is this since this wagering requirements for deposit is unfair and not for AML purposes already because this some kind of hostage to the deposit since not all users are thoroughly reading the ToS because the typical wagering requirements for deposit is just x2 on exchange.

If there’s a live casino such us evolution gaming. You can use french roulette to farm your wager if dice game is not available. This is by far the most common way to barely have a loss while completing the requirements. Blackjack is also good but this game is only advisable if you can stay disciplined all throughout the game without engaging to greedy bets since Blackjack has a low house edge if you knew how to play it by the book.

[goldkingcoiner]

I recently discovered that I signed up for a casino without thoroughly reading its terms and conditions agreement. But of course this was entirely my fault even that I am still bothered by the withdrawal requirements on deposits. It is well known that deposit bonuses or any bonus offered by a casino will have wagering requirements that goes to x50 or more. What truly concerns me is the 5X wagering requirement on normal deposits without any bonus in order to withdraw the initial deposit or winnings.
To clarify things better here is an example : if you were to deposit $1000 and win $200 in your first few games then you wouldnt be able to withdraw your winnings or even your deposits without wagering at least $5000. This means that 80% of the time, you would lose your money before reaching the required amount.
In my opinion this term is unfair. I am not attacking any specific casino, but I do believe that if users were aware of these requirements they would be less likely to deposit their money in such casinos since there are other casinos without such stringent requirements.

That sounds like a scammy casino. I am not going to pretend to be an expert on casino laws and regulations but if you want to determine whether or not a casino is halfway trustworthy then you need to do a little research on the gambling website. If they cannot provably show you that they are a registered and licensed online gambling casino which has to follow certain laws, or if they have a dubious or strange terms and conditions then its best to stay away from that website.

There are more than enough trustworthy casinos which have been greenlit by the Bitcointalk community. I suggest you stay with those casinos only, in the future.

Although doing your own research on top of that is always best.

[GxSTxV]

Well i will repeat it one last time here, the casino i was referring to is Trustdice
post #8

The casino is Trustdice and also known here. But i believe that many users aren’t aware of their terms.

they even run a signature campaign here, plus we are not accusing this casino with anything. It's just facts
Thank you @yahoo for your clarification. I didn't have much time replying to every post here

Come on guys, the thread is just barely 3 pages long at the time of me posting this. It's not a megathread with 50 pages so you guys taking the time to read replies before replying shouldn't be an issue. Be part of the solution, not part of the problem guys.

I have read all of your responses regarding this matter and it seems that everyone agrees that a x5 wagering requirement for withdrewing your own deposit and no bonus is simply unacceptable.
Casinos excist to generate revenue from gamblers wtih a house edge, so logically we can assume that at least 5% of gamblers can make a profit from betting or playing a slot game. However, the problem with these types of casinos is that winners are unable to withdraw their winnings without meeting the conditions outlined in the terms and conditions.
Threfore it appears unlikely that anyone will withdraw any of his winnings without risking them by wagering five times again with the entire amount they won.

[Yatsan]

I recently discovered that I signed up for a casino without thoroughly reading its terms and conditions agreement. But of course this was entirely my fault even that I am still bothered by the withdrawal requirements on deposits. It is well known that deposit bonuses or any bonus offered by a casino will have wagering requirements that goes to x50 or more. What truly concerns me is the 5X wagering requirement on normal deposits without any bonus in order to withdraw the initial deposit or winnings.
To clarify things better here is an example : if you were to deposit $1000 and win $200 in your first few games then you wouldnt be able to withdraw your winnings or even your deposits without wagering at least $5000. This means that 80% of the time, you would lose your money before reaching the required amount.
In my opinion this term is unfair. I am not attacking any specific casino, but I do believe that if users were aware of these requirements they would be less likely to deposit their money in such casinos since there are other casinos without such stringent requirements.

That's huge for a wagering requirement. In most of the gambling sites I have encountered, they are simply putting a minimum amount for withdrawal but that is a fixed amount. As I've read through this topic, Trustdice is the referred gambling platform with the mentioned wagering amount. It is a popular gambling site in this industry as well as good reputation so I guess they would have a reason for this. One possible reason is ofcourse as a marketing strat to push people to deposit more whenever they are losing or to go all out until the capital is done. But on the other end, gamblers would be forced to make their capital smaller in order to reach the wagering requirement easily. But rules are rules no matter how we look at it. If you cannot carry the 'line' for this site, there are others to choose from.

[yahoo62278]

I have read all of your responses regarding this matter and it seems that everyone agrees that a x5 wagering requirement for withdrewing your own deposit and no bonus is simply unacceptable.

The casino is able to put whatever requirements they wish on their bonuses and deposits. We don't have to agree with them and we can choose to play elsewhere, but IMO a 5x wager requirement on a deposit is very bad for players. They're not scamming by having these terms, they're just a casino that's very hard to win on with these terms.

[ralle14]

In my opinion this term is unfair. I am not attacking any specific casino, but I do believe that if users were aware of these requirements they would be less likely to deposit their money in such casinos since there are other casinos without such stringent requirements.

You're right that it's unfair as other casinos would offer a similar bonus but with a reduced wagering requirement.

On top of that, casinos recently added a maximum win limit iirc so even if you're lucky enough and hit something big to clear the wagering requirement you might not be able to withdraw everything due to that limit.

That bonus used to be more common back then but at least now a lot of casinos have been switching to VIP rewards that are given based on your weekly, monthly, and overall activity.

The casino is able to put whatever requirements they wish on their bonuses and deposits. We don't have to agree with them and we can choose to play elsewhere, but IMO a 5x wager requirement on a deposit is very bad for players. They're not scamming by having these terms, they're just a casino that's very hard to win on with these terms.

I agree, with that discouraging requirement it's only going to hinder their success when other casinos have 1x deposit rollover at best.

[virasisog]

I have read all of your responses regarding this matter and it seems that everyone agrees that a x5 wagering requirement for withdrewing your own deposit and no bonus is simply unacceptable.

The casino is able to put whatever requirements they wish on their bonuses and deposits. We don't have to agree with them and we can choose to play elsewhere, but IMO a 5x wager requirement on a deposit is very bad for players. They're not scamming by having these terms, they're just a casino that's very hard to win on with these terms.

There are actually other casinos that ask higher than the 5x wager requirement. I once joined a casino without any wagering requirement upon withdrawal but suddenly they changed their TOS because they noticed that some players are just taking advantage of the bonuses. They even asked for 20x the withdrawal amount which is why lots of gamblers have left the said casino. This simply means that casinos could add or change any of their rules at any time.

[Shamm]

I recently discovered that I signed up for a casino without thoroughly reading its terms and conditions agreement. But of course this was entirely my fault even that I am still bothered by the withdrawal requirements on deposits. It is well known that deposit bonuses or any bonus offered by a casino will have wagering requirements that goes to x50 or more. What truly concerns me is the 5X wagering requirement on normal deposits without any bonus in order to withdraw the initial deposit or winnings.
To clarify things better here is an example : if you were to deposit $1000 and win $200 in your first few games then you wouldnt be able to withdraw your winnings or even your deposits without wagering at least $5000. This means that 80% of the time, you would lose your money before reaching the required amount.
In my opinion this term is unfair. I am not attacking any specific casino, but I do believe that if users were aware of these requirements they would be less likely to deposit their money in such casinos since there are other casinos without such stringent requirements.

This must be an awareness but we all know that not all casino are the same some of them are following this kind of methods that there are. Alot of requirements before you can withdraw but also there's a casino that after 2-3 wager then you can easily withdraw so. A lesson learn here is that as a gambler we need to know first about the casino read thier terms of conditions (TOC)  in order to know what we need to do in order to withdraw.

[Cling18]

I recently discovered that I signed up for a casino without thoroughly reading its terms and conditions agreement. But of course this was entirely my fault even that I am still bothered by the withdrawal requirements on deposits. It is well known that deposit bonuses or any bonus offered by a casino will have wagering requirements that goes to x50 or more. What truly concerns me is the 5X wagering requirement on normal deposits without any bonus in order to withdraw the initial deposit or winnings.
To clarify things better here is an example : if you were to deposit $1000 and win $200 in your first few games then you wouldnt be able to withdraw your winnings or even your deposits without wagering at least $5000. This means that 80% of the time, you would lose your money before reaching the required amount.
In my opinion this term is unfair. I am not attacking any specific casino, but I do believe that if users were aware of these requirements they would be less likely to deposit their money in such casinos since there are other casinos without such stringent requirements.

This must be an awareness but we all know that not all casino are the same some of them are following this kind of methods that there are. Alot of requirements before you can withdraw but also there's a casino that after 2-3 wager then you can easily withdraw so. A lesson learn here is that as a gambler we need to know first about the casino read thier terms of conditions (TOC)  in order to know what we need to do to withdraw.

Sometimes we tend to miss reading their conditions but it has a big impact on our gambling journey in the lng run. It is important that we have a complete idea about their wagering conditions and withdrawal rules. There are still reputable casinos that won't require too high wager amounts before withdrawal but we can't actually blame casinos for implementing wager requirements because they also have to manage their business finances and profit.

[Jody.Drummer]

I recently discovered that I signed up for a casino without thoroughly reading its terms and conditions agreement. But of course this was entirely my fault even that I am still bothered by the withdrawal requirements on deposits. It is well known that deposit bonuses or any bonus offered by a casino will have wagering requirements that goes to x50 or more. What truly concerns me is the 5X wagering requirement on normal deposits without any bonus in order to withdraw the initial deposit or winnings.
To clarify things better here is an example : if you were to deposit $1000 and win $200 in your first few games then you wouldnt be able to withdraw your winnings or even your deposits without wagering at least $5000. This means that 80% of the time, you would lose your money before reaching the required amount.
In my opinion this term is unfair. I am not attacking any specific casino, but I do believe that if users were aware of these requirements they would be less likely to deposit their money in such casinos since there are other casinos without such stringent requirements.

This must be an awareness but we all know that not all casino are the same some of them are following this kind of methods that there are. Alot of requirements before you can withdraw but also there's a casino that after 2-3 wager then you can easily withdraw so. A lesson learn here is that as a gambler we need to know first about the casino read thier terms of conditions (TOC)  in order to know what we need to do in order to withdraw.

Yes, reading the terms and conditions is the first thing we have to do before making a deposit. The reason is that it will be detrimental to us if in the end there are terms and conditions that are not in accordance with our wishes. And even if we argue with the support provided they will win and it is clear that we are at fault, why don't we first read the terms and conditions. Every casino has different ToC so we have to be really thorough about that.
Indeed, sometimes we are very lazy when we have to read something, but it is laziness that will make us lose money in the end. We also can't blame anyone here because it's purely our fault and the casino has a strong argument.