A Max Win is the worst thing that could happen to you.

[nullama]

Do casinos really not let you go through the Know Your Customer process until after you’ve made a deposit? That’s seems strange to me and is something you’re reasonable to complain about. I guess I understand the other side of it too. They don’t want to waste time checking documents of people that will never make a deposit.

Yeah, it's not a free check for the casinos so they probably only pay for potential real customers.

I'm sure there must be an order of magnitude of accounts that are registered but never actually get any deposits in.

It's easy to create a free account, but putting money in is what makes the difference. No point in wasting money from the casino's point of view.

[crwth]

I think I understand where you are coming from. Mostly, we can see how other exchanges operate as well. Maybe it comes from the part where you can deposit money but you cannot withdraw the funds unless you submit KYC. I think it's their responsibility now, as a business, to have clean money come into their system and operate and do it accordingly.

They shouldn't really be afraid of max wins as long as the money came correctly to their business, if not, it's not the casino's fault. Maybe they just keep it as a bank roll but the user that deposited it should be responsible as well if they were to withdraw their money.

[ethereumhunter]

I wouldn't mind submitting my KYC in the beginning before making deposits, as far as I know that the casino is reputable. I also think that the reason why some casinos don't ask for KYC in the beginning is to encourage more gamblers to gamble in their casinos, the easier the process to get in the more customers they'll get because it's not every gambler that can be willing to submit KYC unless it becomes necessary to collect their wins. I believe that the reason why casinos even requires KYC is because of government, I don't think that they'll bother about KYC.

If that casino have a good reputation, we don't have to worry to submitting KYC to them because we believe that they can take care of our document with right. They will protect our identity from any bad things that can occur so they will gives secure to their members that they are in the right hands.

By doing KYC, casino will knows their customer and will lets them to deposit or withdraw money in a huge amount because casino will check every document before they approve their submission. Their members will finds more benefits by becoming verified members on the casino because sometimes, casino gives something to their verified and loyal members to appreciate what they did to casino. But that will depends on every gamblers because some gamblers doesn't wants to do KYC process because they thinks that they only use gambling as for fun so they don't thinks that doing KYC is important for them.

[junder]

Not all casinos implement KYC but in fact many casinos state that they are non-KYC but they still ask for KYC when in certain conditions such as customers getting big wins and they have to complete KYC for the withdrawal process.
Things like this cannot be denied and in fact they always happen, especially in casinos that are not really big or well developed, for those that are already popular and have good reputation, everything is clearly stated in tos.

But I think if we have completed it from the start then even if we get big win there will still never be another KYC request, we have to be wise in taking stance regarding this kind of thing.
Moreover, if the casino is trusted with good reputation then we don't need to worry about carrying out KYC because they will definitely protect any information we provide regarding personal identity.
Everything will depend on us, if we don't want to have problems at another time or in the future then we must be able to make several preventative efforts from the start.

That's true, there are indeed casinos that usually don't provide KYC, but at certain moments the casino can submit KYC to the customers involved, for example when a player actually gets a big win or Maxxwin, who knows what the clear purpose is for why the casino submits KYC differently. usually but that is a normal thing, although maybe the player who gets the winnings is a little annoyed or burdened by the presence of KYC like that which makes him perhaps impatient to withdraw his winnings because it is not usual for the KYC application to be submitted which can take the player a bit longer. get the win.

sometimes small things like this are often overlooked by gamblers, I myself have never experienced this, even when I get a win that I think is big, I just withdraw it as usual without any hassle. But there really is no other way if the casino submits KYC to us, because if we don't do it, the winnings might not be able to be collected. It's true what you said, it all depends on us, if we are careful at the beginning there will be no problems in the future at certain moments.

[nullama]

I think I understand where you are coming from. Mostly, we can see how other exchanges operate as well. Maybe it comes from the part where you can deposit money but you cannot withdraw the funds unless you submit KYC. I think it's their responsibility now, as a business, to have clean money come into their system and operate and do it accordingly.

They shouldn't really be afraid of max wins as long as the money came correctly to their business, if not, it's not the casino's fault. Maybe they just keep it as a bank roll but the user that deposited it should be responsible as well if they were to withdraw their money.

Casinos have a lot of money coming in and out.

I think the main problem about a max win is that the gambler receives a lot of money, and they want to repeat that.

But in reality they will most likely lose it all back to the casino eventually. It's just how the game works.

[TheUltraElite]

I think the main problem about a max win is that the gambler receives a lot of money, and they want to repeat that.

Even after a small win they most likely will reapeat the same game because now the confidence blinds their logic.

But in reality they will most likely lose it all back to the casino eventually. It's just how the game works.

That is how it is made to be. To be able to use the human emotion properly is the essence how casinos keep their losses at bare minimum and continue making money.

Jackpot winners have a cumulative loss more than wins , that was what it costed them to win the jackpot in reality.

[Porfirii]

I think the main problem about a max win is that the gambler receives a lot of money, and they want to repeat that.

Even after a small win they most likely will reapeat the same game because now the confidence blinds their logic.

This morning I have been told that an old friend had problems in the past with gambling and, thinking about it, I realised that the cause was exactly the one you mentioned.

I have always had a terrible luck in gambling, so I will never play for the money. But those who won and tasted the sweet flavor of the victory have to find it more difficult to think like that. Massive or not. Who knows, if it is really massive he/she'll never have to gamble again.

[KTChampions]

Each casino has a certain withdrawal threshold that does not require a KYC. If I had problems with KYC, then first I would make small withdrawals of money from the casino. But naturally, as soon as this stopped working, I would go through the KYC (if using the services of that casino is legal for citizens of my country) or would look for a front person who would do it for me. If this is a huge win, then I think it would be easy to do (roughly speaking, to get several million from the casino, you can easily afford to spend a couple of tens of thousands of dollars).

[Fivestar4everMVP]

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.

Well, this time i have 3 questions for the community, i want to see what people think about how gambling works nowadays.

If you could do KYC process before making a deposit, would you do it?

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?

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?

To your first question, I would say that it is always best to pass your KYC verification even before making a deposit and playing on a casino, this is if like you did mentioned, the casino allows you to do so, like when I joined stake.com, after signing up, I straight away went to my profile and completed the kyc verification even before making my first deposit, not minding the fact that passing kyc verification was not really mandatory at the time, but today I am happy because even if a make a max win, the casino won't have to bug me with account verification.

To your second question, it absolutely not right to be afraid of max win as a result of fear of being asked to pass kyc verification, its definitely better to hit a max win than lose all your money to gambling, yeah?

To your third question, stealing is abit different from money laundering, when a gambler wins, and the casino require kyc verification before they can pay the gambler, and the gambler provided all the documents the casino requested for, but still, the casino held the money back, it simply means the casino management are thieves, they are trying to rob the gambler off his winning and such matter shouldn't be taken lightly.

[danherbias07]

Since this was brought back to life, I guess I am going to share my worries too.

There's now a local gambling site in our country and there's a bingo game where you can win millions in pesos. The hosts say the players should only be 21+ years old to receive the winnings but what if a gambler receives the same thing in a slot game or other games that could win hundreds of thousands of pesos?
The thing that got me worried is actually not the KYC but the wagering requirement. If millions are available to be won, they should not include such a thing because, in another gambling site that services our local currency too, I was once deflected to withdraw my funds because the wagering requirement resets daily which for me is absurd.
Imagine losing 1000 yesterday and you came back today to win 500 in your first bet but you cannot withdraw it because it says you have wagered less for the day. Is that even fair?

[Don Pedro Dinero]

If you could do KYC process before making a deposit, would you do it?

I do that in fiat casinos, which oblige me beforehand. For me the biggest attraction that cryptocurrency casinos had, and still have, although less and less, is the no kyc, or at least below certain limits.

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?

It has not happened to me to win such a high amount that triggered kyc, what has happened to me, and it is curious, is that I have passed the supposed limits so that kyc was required of me and I was not told anything but I have never won exorbitant amounts.

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?

Money laundering I understand not, supposedly that money that is confiscated from you will have to be declared.

[o48o]

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.

Well, this time i have 3 questions for the community, i want to see what people think about how gambling works nowadays.

If you could do KYC process before making a deposit, would you do it?

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?

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?

Are you purposely trying to trigger people with that title or if that something you really think?

Question 1: Yes, in fact i would prefer that sooner than later.

Question 2: You aren't afraid of getting max win, you are afraid of being scammed. Or getting caught if you are using VPN and bypassing regional restrictions.

Question 3: No, that's a fraud. IF you are not braking any of the TOS that is.

But seriously, how is the worst thing that could happen to you, is having to KYC yourself for being a potential millionaire? (Depending how much you mean by max win)
It sounds like you had a pretty worry free life where people are pouring millions to you from doors and windows without asking a single kyc ever.

Or your actual problem that casino won't accept your kyc? Then the problem is either that you aren't eligible for having the account/money in the first place, or you are being scammed. In a latter case, you could just sue them. Because i am certain that there are lawyers that would be interested to sue multi million dollar businesses.

In the case where you are trying to bypass restrictions, why are you gambling for the max win in the first place? You know you are not eligible for it.

[nullama]

I think I understand where you are coming from. Mostly, we can see how other exchanges operate as well. Maybe it comes from the part where you can deposit money but you cannot withdraw the funds unless you submit KYC. I think it's their responsibility now, as a business, to have clean money come into their system and operate and do it accordingly.

They shouldn't really be afraid of max wins as long as the money came correctly to their business, if not, it's not the casino's fault. Maybe they just keep it as a bank roll but the user that deposited it should be responsible as well if they were to withdraw their money.

Those places where it is easy to put money in but really hard to get it out sound like a honeypot.

There might be a lot of those in the crypto space in general, even having those constraints in the contract itself.

I guess it makes sense to test it first with a small amount and see how it goes.

In any case, it's probably better to stay with the most well known players.

[seoincorporation]

I think I understand where you are coming from. Mostly, we can see how other exchanges operate as well. Maybe it comes from the part where you can deposit money but you cannot withdraw the funds unless you submit KYC. I think it's their responsibility now, as a business, to have clean money come into their system and operate and do it accordingly.

They shouldn't really be afraid of max wins as long as the money came correctly to their business, if not, it's not the casino's fault. Maybe they just keep it as a bank roll but the user that deposited it should be responsible as well if they were to withdraw their money.

How can you ask for clean money while bitcoin and cryptos are even considered Money? And not to offense but let's be honest, the people who get bitcoin, don't do it with a contract or in a legal manner, i mean some users get the bitcoins by buying them on the change on a legal way, ut how do you know the use clean money to buy those bitcoins? that step isn't even tracked.

So, how do you explain to the casino the source of your bitcoin, how should we explain to them we get the bitcoin for doing posts on a forum but there is no contract, or we win the bitcoin o a casino giveaway, or we solve the bitcoin puzzle and that's our source of btc. Casinos, need documents and a real source of income to prove the money is legit.

[crwth]

How can you ask for clean money while bitcoin and cryptos are even considered Money? And not to offense but let's be honest, the people who get bitcoin, don't do it with a contract or in a legal manner, i mean some users get the bitcoins by buying them on the change on a legal way, ut how do you know the use clean money to buy those bitcoins? that step isn't even tracked.

I don't know why you are asking me, I'm just saying that it's the responsibility of the business to operate and know where the money is coming from. It's the business' problem that's why they do it with KYC. I don't know as well where they will get the SOF verification or something. That's the risk of having a business.

Crypto has value and it is tied to a price in the market, so it is money but not the traditional one.

So, how do you explain to the casino the source of your bitcoin, how should we explain to them we get the bitcoin for doing posts on a forum but there is no contract, or we win the bitcoin o a casino giveaway, or we solve the bitcoin puzzle and that's our source of btc. Casinos, need documents and a real source of income to prove the money is legit.

Well, I just do KYC and I don't have to explain it to them. It's not an alarming amount when I gamble. I don't know about other people.

[nara1892]

Even after a small win they most likely will reapeat the same game because now the confidence blinds their logic.

This morning I have been told that an old friend had problems in the past with gambling and, thinking about it, I realised that the cause was exactly the one you mentioned.

I have always had a terrible luck in gambling, so I will never play for the money. But those who won and tasted the sweet flavor of the victory have to find it more difficult to think like that. Massive or not. Who knows, if it is really massive he/she'll never have to gamble again.

That is certain, in the sense that a gambler who has truly tasted the sweetness of victory will find it difficult to think about gambling without making winning the main priority. And I am also sure that from the start the reason they came and got involved in gambling was because they were attracted by the opportunity to win, but yes I think it is a fact that winning is nothing more than a temporary result for gamblers who have a mindset and approach like That.

Because in the end, whatever number of wins they manage to get when they are in a lucky situation, in the end they will apply greed so that they again lose all the initial winnings that they got, and therefore never make winning the main focus, gamble with The aim of filling your free time when you are bored is much better without thinking about the results.

[stompix]

Now this is a first, the worse of the two is not losing all your money, it's winning 

No casino will let you go with a huge amount of money with no KYC, and who woundn't do it if we talk about sums over 100k for example. I get it that it doesn't look fair to let you deposit and lose without KYC and only ask when it's their turn to pay but this happens everywhere, there is no ID needed to buy a lottery ticket  here but I've never heard of them giving the jackpot away without proper verifications.

[nullama]

~snip~
This morning I have been told that an old friend had problems in the past with gambling and, thinking about it, I realised that the cause was exactly the one you mentioned.

I have always had a terrible luck in gambling, so I will never play for the money. But those who won and tasted the sweet flavor of the victory have to find it more difficult to think like that. Massive or not. Who knows, if it is really massive he/she'll never have to gamble again.

Yeah, that's the thing.

If you play once, and get the jackpot, which statistically speaking, should happen from time to time to a person, then you would think that gambling is a sure way to make money.

In reality though, it is very, very, difficult to win.

So, yeah, someone will win, but that someone is not you, most probably.

And that's the message no one wants to hear.

[Minor Miner]

I think I understand where you are coming from. Mostly, we can see how other exchanges operate as well. Maybe it comes from the part where you can deposit money but you cannot withdraw the funds unless you submit KYC. I think it's their responsibility now, as a business, to have clean money come into their system and operate and do it accordingly.

They shouldn't really be afraid of max wins as long as the money came correctly to their business, if not, it's not the casino's fault. Maybe they just keep it as a bank roll but the user that deposited it should be responsible as well if they were to withdraw their money.

Those places where it is easy to put money in but really hard to get it out sound like a honeypot.

There might be a lot of those in the crypto space in general, even having those constraints in the contract itself.

I guess it makes sense to test it first with a small amount and see how it goes.

In any case, it's probably better to stay with the most well known players.

I think this happens in all exchanges, casinos and even in the most famous casinos. I think the fact that they force us to do KYC when it involves large amounts of money is just because they are complying with government regulations or to ensure their own safety. After all, this is the game they created and they are the masters of this game, we can do nothing but comply with the rules set by them.

Also, this doesn't just happen in the crypto space, as long as it's a large amount of money, they will always force you to KYC or even provide more relevant information. It's part of the centralized world we live in.

[Rabata]

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.

Well, this time i have 3 questions for the community, i want to see what people think about how gambling works nowadays.

If you could do KYC process before making a deposit, would you do it?

As much as any casino or gambling platform asks for KYC in my opinion it is best to do it before depositing. Because a big win in the casino can happen at any time and at that time if someone is prevented from withdrawing money due to KYC complications, it will definitely cause human pain to the gambler. KYC is must for conducting uninterrupted gambling. However, if a gambler consciously doesn't want to do that then he will be responsible for any unwanted incident.

Usually before depositing with a new site I try to get to know about the site. If I can trust there then I make my deposit and if there is confusion then of course i have to read the whole terms and conditions. I'm not too worried about doing KYC for a reliable site. Who have already gained a good reputation in the market will never cheat their clients. I would definitely take the decision to gamble with utmost caution in the case of new sites.