Wagering requirements for withdraw

[karmamiu]

-snip-

1. Every casino has unwritten rules, every deposit need to be wagger 1x (most the time).

When a site offers a deposit bonus, the site can demand wagering as they wish because they are offering the bonus to their customers.  If there is no wagering requirement then everyone will only deposit money and withdraw with bonus.  For example, if the site offers a 50% deposit bonus, if someone deposits $100, his balance will be $150. If there is no wagering requirement, then everyone will repeatedly deposit and withdraw that money with the bonus he he.

2. KYC : They're not offering anynoymous feature right ? In the term & condition is also being mentioned sometime casino can ask you KYC in some situation.

Licensed casinos will not offer anonymous features.  Because many illegal activities like money laundering can take place here and at that time the details of the criminal may be required and on the other hand the casino site will have to take responsibility for these illegal activities.  So almost all casino sites require KYC for high amount deposits,  withdrawals and gamble.

Exactly! They will also not allow themselves to be on the loosing ends. Regarding KYC, sometimes it is required specially on those famous gambling platforms, it is not thaf when you win they will exploit your information or they will manipulate your information, but it is just a measure to prevent launderers from doing hideous things like you have said. Although you can say that your data is at risk since there could be a breach on their platform or if someone will hack and stole your data they will immediately use it, of course there are still the risk like a coin in which there are heads and tails, so if ever something is offering you complete anonimity it is quite troublesome to deal with if something bad happens. As I've said repeatedly here on this forum, being unknown and popularity will never go hand in hand.

[Mr. Magkaisa]

It's pretty common indeed but you need to keep doing your part in terms of reading the terms and condition to make sure you'll be able to maximize the uses of the gambling site you pick to play your game, with proper understanding of the requirements you will not be surprise if something is needed to implement since you do your part reading and understanding what is being said.

Accepting the requirements means that you are willing to follow whatever the house is implementing, for you to be able to transfer your money or for you to manage to take advantages of any offers that the house is offering.

Do you know that some persons does not to be an instruction of a particular gambling platform before they participate to that have already cause people things that they don't know or lead them into problems so it is good from my understanding to at least studied a particular platform that you want to partner with very well before you make your bet so that you will not have any difficulties during the withdrawal

Most times, its not about reading a pill load of terms and services before knowing  what to do and I believe that op already  know of what it take to make withdrawal  from the very sportbook he was referring  to but what op was worried about I guess was the high and unfair conditions associated with making withdrawals on those sportbook and though those regulations were typically  to help prevent money laundering and criminality through the casino but I think  it isn't fair for the relatively common man as moat times it seems impossible  to make away with winnings  from those casinos due to their wagering and withdrawal requirements.

     -  At that point there is nothing we can do in such a situation. That's why it's still important that we know what is really called toc that a casino platform has here.

Now, if we know the toc in advance, it is certain that there will not be many whining or complaining because you only have to follow their wagering limit just to be entitled to withdraw from their platform.

[Fredomago]

It's pretty common indeed but you need to keep doing your part in terms of reading the terms and condition to make sure you'll be able to maximize the uses of the gambling site you pick to play your game, with proper understanding of the requirements you will not be surprise if something is needed to implement since you do your part reading and understanding what is being said.

Accepting the requirements means that you are willing to follow whatever the house is implementing, for you to be able to transfer your money or for you to manage to take advantages of any offers that the house is offering.

Do you know that some persons does not to be an instruction of a particular gambling platform before they participate to that have already cause people things that they don't know or lead them into problems so it is good from my understanding to at least studied a particular platform that you want to partner with very well before you make your bet so that you will not have any difficulties during the withdrawal

Most times, its not about reading a pill load of terms and services before knowing  what to do and I believe that op already  know of what it take to make withdrawal  from the very sportbook he was referring  to but what op was worried about I guess was the high and unfair conditions associated with making withdrawals on those sportbook and though those regulations were typically  to help prevent money laundering and criminality through the casino but I think  it isn't fair for the relatively common man as moat times it seems impossible  to make away with winnings  from those casinos due to their wagering and withdrawal requirements.

     -  At that point there is nothing we can do in such a situation. That's why it's still important that we know what is really called toc that a casino platform has here.

Now, if we know the toc in advance, it is certain that there will not be many whining or complaining because you only have to follow their wagering limit just to be entitled to withdraw from their platform.

Correct! if you know the terms and condition nothing you can do but to complete the requirements and transfer your money if you decide not to play or whatever the reason, but without completing then better not to complain as you know it from the beginning that you needed to process that wagering requirements in order for you to move your money.

Nothing you can do if you don't find that time to read and understand the terms. You can't blame anyone and you can force the house to excuse you as it's being written before you deposit your money.

[Casdinyard]

I really hate it when casinos pull stunts like these even though of course, this is something that is stated in their ToS. It’s supposed to be an unspoken rule that you are to be given the opportunity to withdraw your assets from them anytime you want. Because there’s no real incentive in these wagering requirements other than to retain the customer’s funds to keep the casino from working as lazy as possible and not offering secure remunerations for their players, which are things that need no further explanation, are telltale signs that the casino you’re dealing with is a big sham.

Casinos should allow you to withdraw without requiring you to put on a wager. You already played in their house for god’s sakes. It’s mad insulting at this point to disallow gamblers from getting their money nack or their winnings over petty requirements.

[wxa7115]

I really hate it when casinos pull stunts like these even though of course, this is something that is stated in their ToS. It’s supposed to be an unspoken rule that you are to be given the opportunity to withdraw your assets from them anytime you want. Because there’s no real incentive in these wagering requirements other than to retain the customer’s funds to keep the casino from working as lazy as possible and not offering secure remunerations for their players, which are things that need no further explanation, are telltale signs that the casino you’re dealing with is a big sham.

Casinos should allow you to withdraw without requiring you to put on a wager. You already played in their house for god’s sakes. It’s mad insulting at this point to disallow gamblers from getting their money nack or their winnings over petty requirements.

A great deal of gamblers will agree with you as they do not like to face wagering requirements even when they do not take any bonuses, but it seems to me this is going to become more and more common until we get to a point in which it will be impossible to withdraw your money out of a casino without wagering your deposit several times.

However while some casinos use this as a weapon against their gamblers, the truth is the majority of the casinos which implement this are simply forced by their casino license to do this, so if there is someone at fault then that would be the governments behind those regulations.

[dezoel]

When a site offers a deposit bonus, the site can demand wagering as they wish because they are offering the bonus to their customers.  If there is no wagering requirement then everyone will only deposit money and withdraw with bonus.  For example, if the site offers a 50% deposit bonus, if someone deposits $100, his balance will be $150. If there is no wagering requirement, then everyone will repeatedly deposit and withdraw that money with the bonus he he.

There is actually a difference between a wagering requirement for the deposit and a wagering requirement for the deposit bonus. A wagering requirement for the deposit itself shouldn't be higher than 2x maximum, while a wagering requirement for a bonus can be as high as the platform wants since it is not your money and is a bonus.

But when a casino starts asking for a wagering requirement of about 5x or more for the money that you've deposited, that is where the problem is, because even if you try to withdraw, you are not requesting to withdraw the provided bonus but only the money you've deposited yourself.

[LUCKMCFLY]

If they are open about asking such high waging requirements for people to withdraw their money from their accounts then they are clearly not a scam, they are just a very unfriendly casino to their customers, and since that is the case then gamblers need to also be very unfriendly towards those casinos, as what is the point of gambling there when you can do so at other casinos that are nowhere near as strict when it comes to their policies?

They will choose another casino if the casino policies and regulations are not in favor of the gambler, every casino rules must be fair and not make it difficult for high withdrawal values, if the casino does not change the policy soon then many gamblers will choose another casino option, many of the top casinos on the forum have gain the trust of the betting community.

There are some good reputation casinos on this forum which are popular for having very high minimum withdrawal policies and regulations and some members also complain about that and the casino doesn't give any changes.
Actually, it seems unfair but nevertheless, it is casino policy that must be obeyed.

Actually, its not the wagering requirement that is not welcome but high wagering requirement for withdrawal. What we don't want, some casinos actually set their wagering requirement to up to 20x and above making it impossible for the player to meet those demands and in the process they lose their entire balance trying to meet up with withdrawal.

It's not bad if a casino has a 1x wagering requirement since it is obvious that it's part of the licensing requirement to subject players' deposits to some wagering condition to minimize using the casino for money laundering.

There are casinos such as bitcasino.io that have 1x betting requirements, which is normal, something that everyone can accept and is fair, however, in my case, sometimes I lose, and it may be because of bad or because I didn't know how to play or I simply didn't have the luck, that's something valid, but the highest requirements are those that I don't accept for anything in the world, it's something I don't like and apart from that they are things that are not within the normal cavities of betting requirements, I know that each casino is autonomous and has its own rules, but it will be a casino with few customers, that's for sure.

[piebeyb]

I really hate it when casinos pull stunts like these even though of course, this is something that is stated in their ToS. It’s supposed to be an unspoken rule that you are to be given the opportunity to withdraw your assets from them anytime you want. Because there’s no real incentive in these wagering requirements other than to retain the customer’s funds to keep the casino from working as lazy as possible and not offering secure remunerations for their players, which are things that need no further explanation, are telltale signs that the casino you’re dealing with is a big sham.

Casinos should allow you to withdraw without requiring you to put on a wager. You already played in their house for god’s sakes. It’s mad insulting at this point to disallow gamblers from getting their money nack or their winnings over petty requirements.

I also thought like this but we have to know that they have rules for us to respect and respect, if you don't like the rules you should find another casino and leave the one you don't like, of course this is an easy way to support your goals, after all we have to know that it is possible for casinos to implement these rules so that users who make deposits and then withdraw without playing are like people who are laundering money. but I also don't agree with having to gamble with high and hard-to-reach wagered amounts.

I might agree with you but there are things that must be appreciated and respected from the decision of the casino itself, if we don't really like it just leave it, I'm more interested in playing in a big casino, usually complicated rules exist in small casinos.

[danadc]

I really hate it when casinos pull stunts like these even though of course, this is something that is stated in their ToS. It’s supposed to be an unspoken rule that you are to be given the opportunity to withdraw your assets from them anytime you want. Because there’s no real incentive in these wagering requirements other than to retain the customer’s funds to keep the casino from working as lazy as possible and not offering secure remunerations for their players, which are things that need no further explanation, are telltale signs that the casino you’re dealing with is a big sham.

Casinos should allow you to withdraw without requiring you to put on a wager. You already played in their house for god’s sakes. It’s mad insulting at this point to disallow gamblers from getting their money nack or their winnings over petty requirements.

I also thought like this but we have to know that they have rules for us to respect and respect, if you don't like the rules you should find another casino and leave the one you don't like, of course this is an easy way to support your goals, after all we have to know that it is possible for casinos to implement these rules so that users who make deposits and then withdraw without playing are like people who are laundering money. but I also don't agree with having to gamble with high and hard-to-reach wagered amounts.

I might agree with you but there are things that must be appreciated and respected from the decision of the casino itself, if we don't really like it just leave it, I'm more interested in playing in a big casino, usually complicated rules exist in small casinos.

Each casino has its own rules and they have their regulations for the bonuses themselves, they are different, they differ a lot because they have different ways of dealing with the way they play, if in a small casino it has some of the limitations that we do not like, I agree I agree that they have to look for other casinos, in the case of duelbits I feel comfortable, they have the games that I like, there is no problem with the bonuses, with the withdrawals, I am very demanding with the withdrawals, I like that they occur when I want and that there is no need to be sending messages to support for my payment, I have no problems here , that's why I Recommend it.

[LUCKMCFLY]

-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.
 

That's why the best thing, as far as I'm Concerned, is that using the casino promos and bonuses will always be a double edged sword because it's something that is not guaranteed,what if it is guaranteed is that it increases the playing time of a person in a casino, but it does not increase the chances of winning in a casino,this is something that is always seen, it is noticeable, and also in my personal opinion it is what I have learned from the casinos, from the betting houses under my little Experience, of course I respect what others say,because they may have had more luck with the bonuses, but not me.

[Beparanf]

That's why the best thing, as far as I'm Concerned, is that using the casino promos and bonuses will always be a double edged sword because it's something that is not guaranteed,what if it is guaranteed is that it increases the playing time of a person in a casino, but it does not increase the chances of winning in a casino,this is something that is always seen, it is noticeable, and also in my personal opinion it is what I have learned from the casinos, from the betting houses under my little Experience, of course I respect what others say,because they may have had more luck with the bonuses, but not me.

If only gamblers use the bonus for its purpose and not the way that you said, I think no one will make this wagering requirement a big deal no matter how hard it is because the bonus is just an added chance to earn more when gambling. You won't even notice it if you are genuinely enjoying the game. But since many of us have a misconception about gambling use. We always view it as a source of income which is why a bonus is viewed as an extra chance of having profit even though house edge will kill us in long-term playing like the bonus's main objective is to prolong our game.

I agree on your suggestion and point of view in regard to the bonus.

[wxa7115]

If only gamblers use the bonus for its purpose and not the way that you said, I think no one will make this wagering requirement a big deal no matter how hard it is because the bonus is just an added chance to earn more when gambling. You won't even notice it if you are genuinely enjoying the game. But since many of us have a misconception about gambling use. We always view it as a source of income which is why a bonus is viewed as an extra chance of having profit even though house edge will kill us in long-term playing like the bonus's main objective is to prolong our game.

I agree on your suggestion and point of view in regard to the bonus.

You are not wrong however it is undeniable that some casinos have some wagering requirements that are very hard to achieve and this is what bothers some gamblers, as only by gambling nonstop they will be able to fulfill those requirements.

It is because of this that is important to read the requirements of each bonus before we accept it, as in my experience trying to fulfill those requirements takes a great deal of the fun I get from gambling, since instead of gambling just for the fun of it I will begin to gamble with the idea of fulfilling those requirements no matter what.

[CarnagexD]

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.

Wow. That's a lot of percentages to gain first before you take out your initial investment capital with that game. Unless you gamble luckily on short period of time, you will reach that wagering requirement. They are holding your fund and you feel not in control of your own money. That simply means the casino puts a lot of pressure to the players and let them gamble irresponsibly from unrealistic goal and expectation. 

Bonuses won't compensate for the money lost if it's gambled irresponsibly.

[Fivestar4everMVP]

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.

Wow. That's a lot of percentages to gain first before you take out your initial investment capital with that game. Unless you gamble luckily on short period of time, you will reach that wagering requirement. They are holding your fund and you feel not in control of your own money. That simply means the casino puts a lot of pressure to the players and let them gamble irresponsibly from unrealistic goal and expectation. 

Bonuses won't compensate for the money lost if it's gambled irresponsibly.

Well, we actually lose control of our money the moment it leaves our non-custodial wallet to move into a casino, not peculiar to gambling casinos though, it is the same for centralized exchanges and other businesses that are centralized..

This is why I said, earlier that, most times, deposit bonuses and other forms of bonuses are kind of a trap, a strategy most casino use to hold the gambler to some kind of ransom, this is one of the reasons I dont seem to pay attention to bonuses most times., because it's hard for any casino to offer a bonus without any strings attached.

[rojan]

I really hate it when casinos pull stunts like these even though of course, this is something that is stated in their ToS. It’s supposed to be an unspoken rule that you are to be given the opportunity to withdraw your assets from them anytime you want. Because there’s no real incentive in these wagering requirements other than to retain the customer’s funds to keep the casino from working as lazy as possible and not offering secure remunerations for their players, which are things that need no further explanation, are telltale signs that the casino you’re dealing with is a big sham.

Casinos should allow you to withdraw without requiring you to put on a wager. You already played in their house for god’s sakes. It’s mad insulting at this point to disallow gamblers from getting their money nack or their winnings over petty requirements.

I also thought like this but we have to know that they have rules for us to respect and respect, if you don't like the rules you should find another casino and leave the one you don't like, of course this is an easy way to support your goals, after all we have to know that it is possible for casinos to implement these rules so that users who make deposits and then withdraw without playing are like people who are laundering money. but I also don't agree with having to gamble with high and hard-to-reach wagered amounts.

I might agree with you but there are things that must be appreciated and respected from the decision of the casino itself, if we don't really like it just leave it, I'm more interested in playing in a big casino, usually complicated rules exist in small casinos.

Each casino has its own rules and they have their regulations for the bonuses themselves, they are different, they differ a lot because they have different ways of dealing with the way they play, if in a small casino it has some of the limitations that we do not like, I agree I agree that they have to look for other casinos, in the case of duelbits I feel comfortable, they have the games that I like, there is no problem with the bonuses, with the withdrawals, I am very demanding with the withdrawals, I like that they occur when I want and that there is no need to be sending messages to support for my payment, I have no problems here , that's why I Recommend it.

It is normal that all casino sites will have their own rules and regulations.  But their regulation should be such that it is attractive to the gamblers and that the gamblers find it fair.  Otherwise, the site will not be able to survive in such a competitive market. as op said the site he used requirement high wagering which may not seem fair to gamblers. In this case they will lose more gamblers from their site instead of gaining new gamblers. I don't know what their strategy is basically but it doesn't seem fair to me

[danadc]

If only gamblers use the bonus for its purpose and not the way that you said, I think no one will make this wagering requirement a big deal no matter how hard it is because the bonus is just an added chance to earn more when gambling. You won't even notice it if you are genuinely enjoying the game. But since many of us have a misconception about gambling use. We always view it as a source of income which is why a bonus is viewed as an extra chance of having profit even though house edge will kill us in long-term playing like the bonus's main objective is to prolong our game.

I agree on your suggestion and point of view in regard to the bonus.

You are not wrong however it is undeniable that some casinos have some wagering requirements that are very hard to achieve and this is what bothers some gamblers, as only by gambling nonstop they will be able to fulfill those requirements.

It is because of this that is important to read the requirements of each bonus before we accept it, as in my experience trying to fulfill those requirements takes a great deal of the fun I get from gambling, since instead of gambling just for the fun of it I will being to gamble with the idea of fulfilling those requirements no matter what.

I do not say anything when it comes to bonuses or promotions where they demand what they want, things that nobody can do, because they can do it because it is simply their promotions and bonuses, but when it comes to withdrawal I understand that they can ask for the KYC, but It seems exaggerated to me when they take more than 3 days to verify or that they demand many requirements to be able to verify, it is not something that seems good to me, a withdrawal must be approved quickly because that causes one to get angry when they ask for many things which are not necessary.

[Wiwo]

I do not say anything when it comes to bonuses or promotions where they demand what they want, things that nobody can do, because they can do it. After all, it is simply their promotions and bonuses, but when it comes to withdrawal I understand that they can ask for the KYC, but It seems exaggerated to me when they take more than 3 days to verify or that they demand many requirements to be able to verify, it is not something that seems good to me, a withdrawal must be approved quickly because that causes one to get angry when they ask for many things which are not necessary.

It's rear to see a casino that does not give a requirement for a wager on deposits and innings but then the issues with KYC is an exceptional case since casinos only ask for KYC when there is an alleged abuse attempt and possible cases of activities that fall within KYC demands and not that a casino will ask for KYC because a player wants to claim bonuses I haven't seen or heard much in a long while now.

But coming to terms with the fact that, a casino holds the sole right to demand whatever their want at any time since you operating in a licensed casino,  and you agreed to the terms of service.

[summonerrk]

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.

When I used to play poker, I often saw similar withdrawal conditions there, only there it was necessary to double your deposit at account on the service. That is, if you have entered $ 1,000, and you want to withdraw them, then you should earn another $ 1,000. Even then, this demand seemed unfair, because it seems to force you to play, play and play.
The author of the topic above wrote that the deposit should be increased five times.
This is an incredibly unfair demand!
The owners of the casino expect that this money will be lost on their site.

[Coin_trader]

When I used to play poker, I often saw similar withdrawal conditions there, only there it was necessary to double your deposit at account on the service. That is, if you have entered $ 1,000, and you want to withdraw them, then you should earn another $ 1,000. Even then, this demand seemed unfair, because it seems to force you to play, play and play.

Are you aware that most of the casino nowadays especially those who have a Curacao license requires x1 wagering on the deposit amount counter the use of the casino on mixing purposes. That x1 wagering doesn’t mean you need to earn x1 of your deposit but only a wager so it’s good if you just break even in the end. I doubt there’s a casino that requires user to earn a certain profit before they can withdraw, probably you overlook the wagering requirements details on the poker site that you play.

Wagering requirements on deposit is not unfair as long as it’s already there before you made deposit. It’s player responsibility to check all the casino standards before we deposit. The only time this requirements become unfair is when you deposit and the casino changed the rules afterwards to trap your deposit.

The author of the topic above wrote that the deposit should be increased five times.
This is an incredibly unfair demand!
The owners of the casino expect that this money will be lost on their site.

Regardless of this wagering requirements. Casino really expects that players will loss part of their money due to the house edge. But in regards with this specific casino. It offers a bonus without a wagering requirements which means they are using the deposit wagering requirements as back up safety measure to prevent cheater abusing their no wager requirements bonus. The problem on this kind of bonus structure was players often don’t read the ToS due to the excitement on claiming the bonus.

Who doesn’t love no wagering requirements bonus?

[Fredomago]

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.

When I used to play poker, I often saw similar withdrawal conditions there, only there it was necessary to double your deposit at account on the service. That is, if you have entered $ 1,000, and you want to withdraw them, then you should earn another $ 1,000. Even then, this demand seemed unfair, because it seems to force you to play, play and play.
The author of the topic above wrote that the deposit should be increased five times.
This is an incredibly unfair demand!
The owners of the casino expect that this money will be lost on their site.

I also figure it out since the house is requiring x5 of your initial capital before you can transfer your money meaning to say that they are expecting that you will continue to push your bets until you reached the require wagering so you can transfer your money, which most of the time the outcome will not favor you, instead of winning some the chance of losing it back together with your bankroll is really possible, end of the day you will lose everything instead of enjoying doubling your money because of the wagering requirements.