Play equal to deposited funds before you can withdraw

[Lanatsa]

Who else finds this requirements from casinos BS?

Is it your first time? If yes then this is a standard thing and this is what we do call on trying out to avoid money laundering and since these platforms are businesses which are obviously regulated then it would really be normal that they would really be that getting in line with government rules and conditions and this is really that including on this kind of term. You cant really just barge in into a casino site and just tending to make deposit and trying out to clean those tainted coins.If it was really just that easy then money launderers would really be just simply doing those kind of  cleaning without any problems.

Totally BS requirements? You do really make yourself that funny. lol.
Good thing that they are really just that requiring 2x of your initial deposit and not something that needs to be wagered 5x or more which it is really just that too much.
This is what makes that gambling platforms arent that best place if you are trying out to clean up your coins or simply tending to make those laundering thing.
You would really be finding this to be that BS thing if you do have just recently tried out to make deposit and tend to withdraw directly. You cant really just do it
on which they do have those requirements first before you could really be able to push through.

[Jemzx00]

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 wagering 1x from the deposit you are made.

Not really "unwritten" as it is almost always included on the terms and conditions on every casino out there.

But yeah, casino abide by these rules to avoid illicit activities being involved on their platform but there can be exemption on this rules such as Identity verification or KYC. Also, the casino expect their players to gamble on the platform with their deposit since that's the only purposes of the platform and not a wallet.

[irhact]

I've come across some sites that aren't too particular about that, but there are also those that implement such a rule. The best thing to do is to read their TOS so you don't end up complaining when your withdrawal gets put on hold. Just remember that the crypto gambling industry is a huge market, which means there are lots of players. So, choose the best one for you.

Casinos shoudn't be having this rules and that's why many of them don't have it, there shouldn't be a restriction on your deposit. When there's a requirement to play equal to the deposited amount before you can withdraw, it'll chase away gamblers but when that requirement is done for bonuses, it'll help reduced cheaters that wanted to cheat the bonus by using multiple accounts.  If I see a casino making it compulsory to play as much as I deposited, I'll have to leave then to go to other casino and continue playing.

Most of the casino has similar games so we won't be missing much games abandoning the casino and switching to another that won't make it compulsory to gamble all the money we deposited before they can allow us to withdraw. Some gamblers use casino to store the money they want to use for gambling, giving them this rule will make them over gamble and leads to addiction.

[Findingnemo]

I find it's bullshit if they ask for their user to wager 10x or 50x ot whatever from their deposited amount but 1x is pretty sensible and if someone didn't want to bet then they shouldn't be deposited in the first place.

The actual reason for the wagering requirement to exist is to avoid money launderers and if there is no such requirements in place then they can deposit millions and bet a few hundred then withdraw everything as whitewashed then the casino will have to face legal issues and charges and if that can be avoided with one rule then it doesn't sound like bullshit to me.

[abel1337]

I find it's bullshit if they ask for their user to wager 10x or 50x ot whatever from their deposited amount but 1x is pretty sensible and if someone didn't want to bet then they shouldn't be deposited in the first place.

The actual reason for the wagering requirement to exist is to avoid money launderers and if there is no such requirements in place then they can deposit millions and bet a few hundred then withdraw everything as whitewashed then the casino will have to face legal issues and charges and if that can be avoided with one rule then it doesn't sound like bullshit to me.

Yep, wagering the deposited amount is sensible because of money laundering issue though there are people who are in change of heart and not to do bets anymore after realizing the deposited the amount. There's should be another options for gamblers and should not be stuck in force wagering just because they want to withdraw their money. One thing I'm thinking is limiting the wager amount depending on the amount of deposit, having amount brackets on how much times should they wager or if they don't need to wager because the amount is too small. One other thing is to just have a stricter KYC option like having a recorded video call why they withdraw the money without spending and asking for reason. I think we all need options on situations like this.

[o48o]

Who else finds this requirements from casinos BS?

Those requirements don't come from casinos but from regulators. And there's a good reason for asking that. You don't want to make money laundering easy, and just putting in and withdrawing would definitely make it easier. Also when people are depositing because of bonuses, casinos need to make some money back from it from some players at least. They are not just handing out free money without any requirements.

[ralle14]

Who else finds this requirements from casinos BS?

I used to find it annoying when casinos introduced the requirement back then but I eventually got used to the wagering requirement until it didn't bother me anymore because you'll see most casinos have it as one of their requirements before withdrawing.

It only becomes annoying if the wagering requirement is suddenly higher than 1x because you rarely see a high requirement almost similar to a promo reward.

[ethereumhunter]

I find it's bullshit if they ask for their user to wager 10x or 50x ot whatever from their deposited amount but 1x is pretty sensible and if someone didn't want to bet then they shouldn't be deposited in the first place.

The actual reason for the wagering requirement to exist is to avoid money launderers and if there is no such requirements in place then they can deposit millions and bet a few hundred then withdraw everything as whitewashed then the casino will have to face legal issues and charges and if that can be avoided with one rule then it doesn't sound like bullshit to me.

If I had found this casino from other people's reviews, I would not have tried playing at it. Wagering 1x-5x the deposit amount makes sense but if it reaches 50x, it might be tough. So instead of risking more money to take the bonus or to withdraw winnings that are not large, it is better to look for another casino.

We know casinos do those wagering requirements to avoid money laundering. We must be observant and thorough in checking the regulations and only immediately deposit a sum of money if we have found clear information. And rather than later we will experience problems like that, it is better for us to postpone it first while gathering more information.

[Silberman]

Who else finds this requirements from casinos BS?

Those requirements don't come from casinos but from regulators. And there's a good reason for asking that. You don't want to make money laundering easy, and just putting in and withdrawing would definitely make it easier. Also when people are depositing because of bonuses, casinos need to make some money back from it from some players at least. They are not just handing out free money without any requirements.

For those that are just starting to gamble such kind of measure may seem unfair, but it is when those people read about what caused casinos and regulators to implement those policies when they finally understand why those wagering requirements are there, and in a way this is no different than what we see with most laws anyway, in which a person takes advantage of something that was not considered by lawmakers and then the law is modified to make that behavior illegal.

[BitcoinTurk]

Who else finds this requirements from casinos BS?

Many online gambling services especially those that accept payments with cryptocurrencies have these or similar rules because the main purpose here is to prevent money smuggling and not allow cryptocurrency transfers to be mixed in this way. Although this situation prevents the person from depositing a certain amount of money and then regretting it and wanting to withdraw this money, unfortunately, it is a precaution taken to prevent malicious people from easily carrying out such transactions especially money smuggling. Generally speaking, although this isn't a serious problem for many people since many gamblers invest as much as the balance they want to spend in gambling, it causes the money deposited into the online casino to not be withdrawn immediately if needed. For this reason, it is necessary to be careful not to deposit too much money into online gambling services or more than the amount to be gambled especially considering the situations in which money may be needed.

[Hispo]

Obviously, it is about keeping money laundering at bay as other have said.
Though, because I do not have much experience with landbased casinos, I have wondered whether those also have some equivalent rules so criminals won't easily launder assets in their resorts.

Since casino ships are more difficult to track and control than credit onan online casino account, then how are they supposed to track chips which are being used for criminal activities?
Also, how do they guarantee gamblers are wagering the minimum of their entire deposit in their gambling floor, if they are using chips instead an electronic balance?
Unless the managers and staff are supposed to keep a record of each FIAT-Chip swap their guesses do during their glambling session or gambling night?

How is this supposed to work?

[Jemzx00]

I find it's bullshit if they ask for their user to wager 10x or 50x ot whatever from their deposited amount but 1x is pretty sensible and if someone didn't want to bet then they shouldn't be deposited in the first place.

The actual reason for the wagering requirement to exist is to avoid money launderers and if there is no such requirements in place then they can deposit millions and bet a few hundred then withdraw everything as whitewashed then the casino will have to face legal issues and charges and if that can be avoided with one rule then it doesn't sound like bullshit to me.

If I had found this casino from other people's reviews, I would not have tried playing at it. Wagering 1x-5x the deposit amount makes sense but if it reaches 50x, it might be tough. So instead of risking more money to take the bonus or to withdraw winnings that are not large, it is better to look for another casino.

The only sensible wagering amount requirements should just be 1x or possibly 2x ( but not really) of the original deposited amount. Apart from that, the casino is just forcing their users to continuously gamble which may put at risk.

I also call BS for any platform who requires more than 10x and hell up to 50x as it's more likely that these platforms expects players to lose. You can't even do a dice game with minimal odds like 1.1x more than 5 times without losing and they expect you to bet more than 10 time the deposited amount. These platforms should be avoided at all cost.

[Fortify]

Who else finds this requirements from casinos BS?

There tend to be two different kinds of casinos out there I've noticed: The major casinos, that are run professionally and have vast teams with resources to maintain a profitable casino & sportbook. They are generally trustworthy, display all the information you need to make informed decisions about your bets (like RTP and terms of service) and invest in their long term survival. They will often offer small bonuses and regular promotions to keep players interested. Then there is a breed of websites which pretend to be casinos, but they are basically empty shells trying to trick people into depositing by offering things like a $500 bonus, but like you say - they attach ridiculous terms to the offers which effectively means that you're lucky if you can walk away with $5 of that $500 bonus if you complete all the conditions.

[robelneo]

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?

I agree there's no such thing as a change of mind in gambling when you deposit you should play, it's not a store where after you enter and you pick something you then decide you don't want to buy anything, it is a general rule of every casino I'm not saying OP is naive but so many newbies fell into this they deposit and after playing a few rolls decide that it's not the casino for them and withdraw, now this will trigger an alarm on their security.
I don't think there is a casino that does not have this rule.
It's better to always read the terms of every casino you are about to play, some casinos are tweaking their terms to make their terms different from other casinos and slight changes will have an effect on your playing, especially when it comes to bonuses.

[AmoreJaz]

I find it's bullshit if they ask for their user to wager 10x or 50x ot whatever from their deposited amount but 1x is pretty sensible and if someone didn't want to bet then they shouldn't be deposited in the first place.

The actual reason for the wagering requirement to exist is to avoid money launderers and if there is no such requirements in place then they can deposit millions and bet a few hundred then withdraw everything as whitewashed then the casino will have to face legal issues and charges and if that can be avoided with one rule then it doesn't sound like bullshit to me.

If I had found this casino from other people's reviews, I would not have tried playing at it. Wagering 1x-5x the deposit amount makes sense but if it reaches 50x, it might be tough. So instead of risking more money to take the bonus or to withdraw winnings that are not large, it is better to look for another casino.

The only sensible wagering amount requirements should just be 1x or possibly 2x ( but not really) of the original deposited amount. Apart from that, the casino is just forcing their users to continuously gamble which may put at risk.

I also call BS for any platform who requires more than 10x and hell up to 50x as it's more likely that these platforms expects players to lose. You can't even do a dice game with minimal odds like 1.1x more than 5 times without losing and they expect you to bet more than 10 time the deposited amount. These platforms should be avoided at all cost.

i can understand the 1x or 2x wagering requirement, but 10x or more for your deposited funds, that's really ridiculous. this is why before you deposit any penny to any casino, check their terms and so with the wagering requirements.
you will notice that those big casinos or bookies are not requiring high wagering requirements. most of them are just asking you to wager some of your deposit money before you withdraw.

[goaldigger]

Who else finds this requirements from casinos BS?

Some site have this kind of rules and that’s why its advisable to read the terms and conditions first before trying any site so you wont experience any unexpected requirements when you are starting already. Though I don’t agree on this especially if there’s no bonuses and you just want to gamble and try the site. There’s a lot of good site that don’t have this kind of rules, try to look for it.

[BitcoinPanther]

Who else finds this requirements from casinos BS?

I do not find this BS.  Casino is not an exchange nor any free platform that we can deposit and withdraw without using their service.  Casino is a business platform that pays people for every services they offer so it is normal for this casino to make a requirement to at least use their service if we deposit money on their platform.  Aside from that, many people are thinking to make these gambling platform to wash the history of their funds thus, this wagering requirement is one of the preventive measure of the casino to be exploited like that.

[Nwada001]

Who else finds this requirements from casinos BS?

This is most likely a normal casino wager requirement. It is set to scare launderers away from using their casino; they don't want a situation where you use someone else's card to fund your casino account, and this money goes into the casino's business account. In turn,  you use your own personal account to withdraw that money, leaving the criminal linking to the casino and not to you.
 
Setting the wagering requirements makes it a bit easier for the casino to be assured that those who deposit in their casino are in their to play and win games and not in any way trying to use the system for exchange or mixing purposes, because wagering with money you were not planning to wager with us is a big risk some launderers are not willing to take as the chance of losing that money to the casino is very high. although even with all of this, some people still somehow use the casino for their illegal activities.

[Slow death]

For a long time, casinos began to be labeled as the favorite place for thieves to launder money, with the reputation of casinos being tarnished in an unfair way, so many casinos began to introduce this betting rule, although in my opinion many casinos have exaggerated , you could put rules such as it being mandatory for people to play with at least 50% of the amount they deposit, but many casinos put rules of 2x, 3x, which are very difficult to comply with and to make matters worse, they have a high minimum withdrawal value and ask for kyc . so when you look at the high requirements that certain casinos are asking for

In my opinion, this is no longer about money laundering, but about forcing people to play until they lose everything and there are a very small number of people who will be able to make withdrawals. stake is one of the few good casinos where withdrawals have a very low value and don't have these high and absurd wagering requirements, which is why I consider them to be the best casino. I've seen casinos with withdrawal values above $50, with 3x requirements, and I asked myself: why this absurd rule? But to my surprise, there are many people using this casino and they don't complain. The fact is that as this is a market that governments have not paid much attention to, it makes it easier for many casinos to put in place rules that harm people.

[goinmerry]

Who else finds this requirements from casinos BS?

How come it became BS? It's just normal at most casinos. You can't use an online casino as a gateway to transfer funds to another at your will.

Besides, it's just a 1x requirement, I wonder what will be your reaction at x2 turnover although I'm sure at most, it's just a 1x.

In my opinion, this is no longer about money laundering, but about forcing people to play until they lose everything and there are a very small number of people who will be able to make withdrawals. stake is one of the few good casinos where withdrawals have a very low value and don't have these high and absurd wagering requirements, which is why I consider them to be the best casino.

Obviously, the higher the deposit, the more time you will need to spend to reach the turnover even if it's an x1.

Where's the forcing of the users on that part if in the first place, that would be expected?

It's like when you deposit $100, you are able to turn it into $200 within just a few spins and you will withdraw right away. I doubt any casinos will allow that. You can't even do it on Stake although the requirement they need is only 80% of the deposit amount which is below compare to other casinos. But the picture is just the same if you deposit a big amount there.