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Author Topic: Play equal to deposited funds before you can withdraw  (Read 430 times)
Strongkored
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October 15, 2023, 11:16:47 AM
 #21

Who else finds this requirements from casinos BS?
This is almost implemented in all casinos and not only almost but all casinos apply this, and some even have more than 1x or equal, for example, 1.5x or 2x, the reason is to avoid money laundering but in my opinion casinos really have to implement this because they are in business and when there is Players who only make deposits without playing and then making withdrawals will only waste their time in processing these things, because even though the casino uses an instant tag line, that doesn't mean there are no staff working to supervise and process deposits and withdrawals, so that's not the case needs to be debated and gamblers seem to really understand this.

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Coin_trader
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October 15, 2023, 11:28:10 AM
 #22

Who else finds this requirements from casinos BS?

This is understandable to counter money laundering. Why you will deposit an amount that you are not willing to wager in total? You should deposit only an amount which you are comfortable to gamble instead to deposit huge amount without wagering it all.

Before, casino doesn’t require wagering requirements since most of the casino doesn’t have license or license provider is not strict on AML policy. Fortunejack is the first casino that I knew which implemented this requirements but they also acquired Curacao license that time when they implement it. If the casino has a license then this requirements is not BS. It only becomes BS if casino asking for it is unlicensed since they don’t have AML policy to follow.

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October 15, 2023, 11:41:34 AM
 #23

Who else finds this requirements from casinos BS?

If you are referring to the deposit bonus I am one of them who find it bullshit but there can be ways around them,for example if the casinos let's you use IDR as a currency you can find a medium to low volatility game like Sweet Bonanza who can keep you playing longer until the requirement is fulfilled and you can then withdraw whatever amount is left to be withdrawn.I used to use this in my beginnings at casinos where they offered deposit bonus some long while ago,I don't see many of them offering this type of bonus anymore,not the reputable ones from what I have seen.

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October 15, 2023, 12:40:52 PM
 #24

TO/wagering requirement isn't BS as long as it's only 1x. People deposit into the casino to play, and the requirement will be fulfilled without us needing to think about it. There are some scenarios where I wish I didn't have to go through the TO requirement though, such as when I get a big win at the beginning of my playing session. Anyway, if that's the case, completing the requirement should be no problem if you play smart. Money laundering exists, so a 1x TO requirement is the best solution IMO.

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October 15, 2023, 01:17:24 PM
 #25

Who else finds this requirements from casinos BS?

If you are referring to the deposit bonus I am one of them who find it bullshit but there can be ways around them,for example if the casinos let's you use IDR as a currency you can find a medium to low volatility game like Sweet Bonanza who can keep you playing longer until the requirement is fulfilled and you can then withdraw whatever amount is left to be withdrawn.I used to use this in my beginnings at casinos where they offered deposit bonus some long while ago,I don't see many of them offering this type of bonus anymore,not the reputable ones from what I have seen.

No, it is not about deposit bonus but it is about pure deposit without bonus where there is 1x wagering requirement before you are able to withdraw.
1x wagering requirement for deposit is a basic thing in this crypto gambling industry, most casinos implement this requirement and I think 1x wagering requirement is quite normal.
We as player make a deposit is to gamble and wagering 1x of our deposit is not hard to achieve especially if the casino provide original games with low house edge.
Even if we talk about deposit bonus and its 40x wagering requirement, I will not say it is as BS because it is how the bonus works where the casino has calculated to make them the one which get more chances to win.

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October 15, 2023, 01:39:20 PM
 #26

In my opinion, it's okay. If you deposited $100 just to make $1 and withdraw then wouldn't be absurd for the business?
My $10 can wager $100-$200 in just 3 hours of playing any original games. Not the slots that are being provided by the likes of Pragmatic, Microgaming, or others because they are expensive for just 1 bet and even with 100 bets you might not get your money back through RTP.
Original games like Keno, Plinko, Dice, and more let us play with even 1 or 2 satoshi bets so by playing it safe with low-risk bets we could wager a high amount although it will take a lot of time and some losses too.
I think it's just normal that gambling sites can keep gamblers in their business. If every gambler is just using the site to deposit and then withdraw then that will be a fishy transaction like they are cleaning their money which could cause trouble to their business because of money laundering cases circling around using this kind of method.

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October 15, 2023, 01:47:08 PM
 #27

This is actually one of the most common things you will see in different gambling platforms. A wagering requirement is not something that will harm actual gamblers of the casino. It's in place to make sure that money laundering will not happen and that fraudsters will not use their platform for these kinds of things. If you're looking to use the casino as your personal mixer, then those days are over. If you deposit your money, best use it because that's the only reason why a person would deposit some money in the casino.
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October 15, 2023, 02:26:16 PM
 #28

Who else finds this requirements from casinos BS?

They strictly enforce it to prevent people from using casinos to launder their dirty money, if they don't have this people will just abuse the casino, it's a parameter to stop this abuse, all casinos have these terms and requirements, it's very unusual and your account is suspect what is your motive if you deposit and you withdraw without wagering or you do not follow the casino's wagering requirement.
Those who plan not to follow the wagering requirement are not reading the TOS and policy of the casinos and their account will be flag eventually.

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October 15, 2023, 03:15:07 PM
 #29

Before we deposit into a casino, we can ask first if there are any wagering requirements if we deposit some money, let say $10-$20. If there is and we don't want to go through the wagering requirements, we can look for another casino that is more friendly. But usually, if we deposit $10-$20, there are no wagering requirements because we are not participating in any program and can just play and withdraw the money without any problems unless it's a shady casino.
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October 15, 2023, 03:30:32 PM
 #30

They have their own rules as and in order to use their platform you need to agree to that. I don't think there are platforms that don't require it, so you are needed to do that in order to use their platform. So there's no other way. If you want to keep using the platform you have to do it. But if you find other platforms that don't require it, then my suggestion should be moving towards those platforms. But I doubt there are any.
The main reason behind wagering is to prevent criminal activity. People could use gambling platforms to move funds illegally if there aren't any restriction as this. So I don't blame them. It is for their own safety and for the players too. Also, they want to ensure that you will stay to the platform and play. It seems like a win situation for the gambling platform, but we have to accept it if we want to continue using it.
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October 19, 2023, 05:39:42 AM
 #31

Before we deposit into a casino, we can ask first if there are any wagering requirements if we deposit some money, let say $10-$20. If there is and we don't want to go through the wagering requirements, we can look for another casino that is more friendly. But usually, if we deposit $10-$20, there are no wagering requirements because we are not participating in any program and can just play and withdraw the money without any problems unless it's a shady casino.
You do not really need to ask as this is information that I would think it will be clearly stated on their TOS, still I do not see too much of a problem with this rule, after all if you make a deposit at a casino it is completely fair for the casino to assume that you are doing this because you want to gamble some money with them, so a small wagering requirement is acceptable and it will not affect most gamblers anyway, and the only ones affected by this will be those that wanted to use casinos as improvised mixers.



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October 19, 2023, 06:00:24 AM
 #32

Before we deposit into a casino, we can ask first if there are any wagering requirements if we deposit some money, let say $10-$20. If there is and we don't want to go through the wagering requirements, we can look for another casino that is more friendly. But usually, if we deposit $10-$20, there are no wagering requirements because we are not participating in any program and can just play and withdraw the money without any problems unless it's a shady casino.

Wagering requirement for deposit has nothing to do with the amount. As long as there is a term that there is lets say 1x wagering requirement, no matter how much your deposit is, you need to wager it 1x before you are allowed to withdraw. It has nothing to do with any program as well but it is related to general term in the casino. If you are looking for casino without wagering requirement for deposit only, I doubt you'll find it because it is a common term that you'll find in most casinos.
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October 19, 2023, 10:46:23 AM
 #33

This is actually one of the most common things you will see in different gambling platforms. A wagering requirement is not something that will harm actual gamblers of the casino. It's in place to make sure that money laundering will not happen and that fraudsters will not use their platform for these kinds of things. If you're looking to use the casino as your personal mixer, then those days are over. If you deposit your money, best use it because that's the only reason why a person would deposit some money in the casino.
I'm with the OP not that I'm a money launderer and it's better to not judge easily if we don't know the people and we don't have much evidence. My reason BTW is because I like to withdraw immediately once I already won some money. It's a safe way for me to play gambling but I can not do that anymore because of these new rules made by the casino.

If someone wants to launder money, casino isn't the only way or the best place for doing that but there are already mixing services even before. They can always go on it. Now will you still say that a wagering requirement won't harm the gambler? No it's not true but it was actually for the sake of the casino so that their services won't get shut down by the regulators.

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October 19, 2023, 11:20:20 AM
 #34

This is a common rule in most casinos and it is nice because I don't see any reason why you will fund your gambling wallet and you are not ready to gamble with some amount, and later you come back to make withdrawal. This will make the casinos raise eye browns towards your action. It is not also fair to show the casino that you have funds and don't want to use the money to enjoy their service, since they are not banks, where anyone will just dump some money and withdraw immediately. One should note that if you don't want to use that money for gambling, there is no need that you put it into your gambling wallet, if not you will not be given access to withdraw it you wager.

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October 19, 2023, 11:31:07 AM
 #35

This is a common rule in most casinos and it is nice because I don't see any reason why you will fund your gambling wallet and you are not ready to gamble with some amount, and later you come back to make withdrawal. This will make the casinos raise eye browns towards your action. It is not also fair to show the casino that you have funds and don't want to use the money to enjoy their service, since they are not banks, where anyone will just dump some money and withdraw immediately. One should note that if you don't want to use that money for gambling, there is no need that you put it into your gambling wallet, if not you will not be given access to withdraw it you wager.

Gamblers who complain about this rule are usually not committed gamblers, as they aren't sure if they're ready to risk what they have. When we gamble, we must understand that the amount we deposit should be ready for action, not something we just leave sitting in a casino, spend a little of your deposit, and eventually withdraw it. It's like you're wasting your time and the casino's time. If you're going to gamble, do it wholeheartedly, as that's where the real enjoyment is found. Gamblers aren't known for being timid, right? We even go all-in when we're desperate.

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October 19, 2023, 11:43:37 AM
 #36

There are some scenarios where I wish I didn't have to go through the TO requirement though, such as when I get a big win at the beginning of my playing session. Anyway, if that's the case, completing the requirement should be no problem if you play smart.
I have experienced this, when I had just played a few spins, i got a big win. Because the deposit I made was less than half of the big win I got, to shorten the time to be able to withdraw, I did a bonus buy feature and normal spins with a higher bet, of course with a limit as long as it didn't reach 40% of the win previously obtained. in case I get another win, consider it a bonus. This is just my strategy to speed up to completing the 1x wagering requirements.

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October 19, 2023, 03:18:09 PM
 #37

Who else finds this requirements from casinos BS?
I have not tried using all platforms, but I am almost certain that all of them impose this condition, or at least play at a rate exceeding 50 to 80 percent at the very least. I find that imposing this standard is necessary and largely logical for several reasons, some of which I can mention, but not limited to:
- Preventing the platform from being used as a mixer so that the casino becomes a pool of dirty money. The platform is legally required to prevent this from happening.
- Prevent manipulation of the casino system. A person can cause a malfunction in the system by simply depositing a small amount, dividing it into smaller units, and then making repeated and consecutive withdrawals. This will harm the system, especially since most casinos do not ask for fees for withdrawals.
- Ensure that users spend as much money as possible. This is a legitimate will, of course.
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October 19, 2023, 03:21:57 PM
 #38

It's the most common rule.

Most the time (unwritten) rules, and if you read on term & condition some casino put these rules on there t & c. The reason is classic, to avoid money laundry and casino is not exchange.

So, they required you to do at least waggering 1x from the deposit you are made.
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October 19, 2023, 04:59:19 PM
 #39

Before we deposit into a casino, we can ask first if there are any wagering requirements if we deposit some money, let say $10-$20. If there is and we don't want to go through the wagering requirements, we can look for another casino that is more friendly. But usually, if we deposit $10-$20, there are no wagering requirements because we are not participating in any program and can just play and withdraw the money without any problems unless it's a shady casino.

If you own a casino or any betting platforms, will you allow attempt of money laundering, of course not. Betting platforms knows over the years that casinos are been use for money laundering and you don't want to be questioned about some money that came into your platforms without been use for the purpose unless the casino really want to support laundering of money which is great to me. Most of crypto gambling platforms I know has this requirement if you must use their platforms.

The only gambling platforms that don't support 1x wagering as a requirement to withdraw funds are probably not the license ones. The license casino must be ready to accept this rules because just imagine some deposited stolen Ether into casino platforms and then without playing any games requested to have back the same amount, it will raise suspicious from the company because if they are to interrogate them of how the money.wws used, they will be prosecuted, that's clearly how money laundering is supported by some companies.

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October 19, 2023, 05:16:45 PM
 #40

Who else finds this requirements from casinos BS?

That's what's called a wagering requirement. I don't consider it to be BS, though; they have their own rules, and as long as it doesn't break the law, that's fine. You know, I understand the reason behind it. They want to ensure that their platform won't be abused by players whose intention is just to mix their funds. So, I think it's reasonable to implement these rules because, in the first place, when you deposit funds, you intend to gamble with them, right?
Quite unfair to some ‘coz there are players who accepts their loss and just wanting to stop already than to lose everything that they have deposited. But indeed wagering requirements vary from one gambling site to another. Unfortunately there are sites who tends to change the required wager which is quite a downside to those who are unaware of such feat.
This is a common rule in most casinos and it is nice because I don't see any reason why you will fund your gambling wallet and you are not ready to gamble with some amount, and later you come back to make withdrawal. This will make the casinos raise eye browns towards your action. It is not also fair to show the casino that you have funds and don't want to use the money to enjoy their service, since they are not banks, where anyone will just dump some money and withdraw immediately. One should note that if you don't want to use that money for gambling, there is no need that you put it into your gambling wallet, if not you will not be given access to withdraw it you wager.

Gamblers who complain about this rule are usually not committed gamblers, as they aren't sure if they're ready to risk what they have. When we gamble, we must understand that the amount we deposit should be ready for action, not something we just leave sitting in a casino, spend a little of your deposit, and eventually withdraw it. It's like you're wasting your time and the casino's time. If you're going to gamble, do it wholeheartedly, as that's where the real enjoyment is found. Gamblers aren't known for being timid, right? We even go all-in when we're desperate.
Well, I won’t invalidate those who does this. There are circumstances we cannot control and those which are unexpected. These are the instances which often pushes gamblers to pull out what they still have than to gamble their luck and be left with nothing which is obviously a bigger problem.

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..PLAY NOW..
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