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Author Topic: A Max Win is the worst thing that could happen to you.  (Read 516 times)
EarnOnVictor
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May 13, 2024, 10:19:12 AM
 #101

Most casinos nowadays don't let you do the KYC process until they request it, this means you will not get KYCed unless a lot of money or fraud is involved, but it would be nice if users could do the KYC process before deciding if to deposit or not.
Are you for real? Well, I've not met such casinos before that will stop me from completing my KYC when I am ready. They might be flexible about this by not forcing you to do it as quickly as possible, but restricting me from doing it is just out of it. And I advise anyone in that situation to find their foot off that casino pretty fast because they can't be for any good in the long run.

How can a casino stop you from doing what is lawful? That must mean they have some ulterior motives and if you are a good gambler or want to withdraw a huge amount of money, a problem is probably lurking for you in such an establishment. This is not until they wait for fraudulent activities from your end, they can crook one thing or the other, so "half a word is enough for the wise."

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If you could do KYC process before making a deposit, would you do it?
It is not a big deal for me to complete the KYC process upon registering with any company and before depositing my money. As a matter of fact, that is what I usually do to save myself from the later issues of any company.

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When a user wins a huge amount the real nightmare starts, the users have to complete the worst KYC process he will see in his life, so, should users be afraid of getting a Max Win?
Well, these days, the fear is there due to how casinos and sportsbooks have treated people. This is not particularly true for all though, nevertheless, if it is happening around us, the doubting fair will possibly be attached. Regardless, we should continue to do our thing and when we are lucky to win big, we should provide the needed details and documents asked of us.

In case the casino continues to prove stubborn, try to call them out on the relevant social media and website outlets, and also consider the option of suing them with them paying all the legal charges if you win the case.

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Casinos ask for KYC to avoid money laundering, but if the gambler isn't able to give the requested data then the casino keeps the money. If the casino keeps the money isn't that Money laundering?
First, the casino is not the one that is avoiding money laundering but just obeying the law and supposedly operating with the authorities of the land in accordance with the AML Acts. They are two different things, the law only tied them. However, not only casinos are guilty of this, but all companies collecting people's deposits, they are mostly cheating shamelessly in this regard. Enough money would have been stolen using this scheme, notwithstanding, this is not money laundering unless the company later launder the money.

It's mere stealing by trick.

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Betwrong
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May 14, 2024, 09:29:37 AM
 #102

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Yeah you're right it sounds funny, most individuals dream is to win very big from whether they gamble for fun or whatever reason, if people are afraid of getting a max win, should they rather be happy to get max losses, no I don't think so. There's this joy that comes with winning a jackpot because it's rare, especially when the saud individual who wins is a poor or an average one.

You can't be rich enough to not enjoy the max win or Jackpot, it's always a great pleasure for everyone. The problems associated with the win, be it KYC or the obligation of sharing the winnings with someone, are laughable, to be honest. After all, the worst thing that can happen is that you won't get your prize or a part of it, but you won't end up in the worse conditions than before, unless you will harm yourself intentionally.

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nullama
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May 15, 2024, 12:49:35 PM
 #103

~snip~
You can't be rich enough to not enjoy the max win or Jackpot, it's always a great pleasure for everyone. The problems associated with the win, be it KYC or the obligation of sharing the winnings with someone, are laughable, to be honest. After all, the worst thing that can happen is that you won't get your prize or a part of it, but you won't end up in the worse conditions than before, unless you will harm yourself intentionally.

Yeah, that's the thing, rich and poor both have the same odds, and they will win and lose with the same probabilities, which means that both will be losing money in the long term in the most common pathway.

Of course you can make money gambling, but it is so rare that it might as well called a null event.

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Betwrong
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Today at 09:43:19 AM
 #104

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Yeah, that's the thing, rich and poor both have the same odds, and they will win and lose with the same probabilities, which means that both will be losing money in the long term in the most common pathway.

Of course you can make money gambling, but it is so rare that it might as well called a null event.

It's not that rare, if you think of it. Millions of people win each day, but, of course, they are not winning life-changing amounts, rather, something they can spend on little trinkets or a restaurant visit.

I think it's wrong to keep saying that no one wins in gambling, mainly because it's not true. The truth is that you are likely to lose, so, you shouldn't make plans about making money through gambling. But you can gamble for fun and you can win like many others, that is true also.

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