Gambling platform require wager on first deposit before withdrawal

[GreatArkansas]

I've recently come across in a platform that has a requirement fora customers to wager their first deposit at least five times before they can make a withdrawal.
This is my first time to encounter a gambling platform like this.

So I want to hear what can you say about this. Is this even legal and good?

I also want to know why they have some terms and conditions about this.


For example:

[Cantsay]

For some casinos, they'll claim that it is used as a means to prevent money laundering through their sites - so that players wont just register an account and withdraw it instantly to a different address, so to prevent this they will have to wager it first. Although, personally I think 5x is a bit large - like for bcgame you'll have to wager your deposit once before you'll be allowed to withdraw and that's kinda okay compared to the 5x.

I don't know the site you got that image from but there was a site here that made it mandatory for users to wager their first deposit 5x and any other deposits after that won't need any wagering requirement  - I'm not sure if that's the same one you got the image from (I can't even recall the name of the site anymore).

[Darker45]

As to the legality, it depends on the country from which the platform got its license. But I highly doubt there's a specific provision in the gambling laws of different countries which specifically limits maximum wagering requirements. So I think this is legal.

But is this good? Definitely not. This is more or less a suicide considering there are so many competitors out there that require only 100% or even lower wagering requirements. But if this is a wagering requirement for a first-deposit bonus, I can understand that.

By the way, that looks like Trustdice's color.

[Oshosondy]

I've recently come across in a platform that has a requirement fora customers to wager their first deposit at least five times before they can make a withdrawal.
This is my first time to encounter a gambling platform like this.

Are you sure it is up to five times? What I have seen before and even the first gambling site that I used requested for is that I should at least gamble with the deposited money at ones.

Which countries side did you see that?

So I want to hear what can you say about this. Is this even legal and good?

This is common. I do not see any issue with it. Maybe because I read the terms of service of the first gambling site that I used and I know all the rules.

[NurseHub]

For some casinos, they'll claim that it is used as a means to prevent money laundering through their sites - so that players wont just register an account and withdraw it instantly to a different address, so to prevent this they will have to wager it first. Although, personally I think 5x is a bit large - like for bcgame you'll have to wager your deposit once before you'll be allowed to withdraw and that's kinda okay compared to the 5x.

I don't know the site you got that image from but there was a site here that made it mandatory for users to wager their first deposit 5x and any other deposits after that won't need any wagering requirement  - I'm not sure if that's the same one you got the image from (I can't even recall the name of the site anymore).

You have a point where you said they might be doing this to avoid people using different address to withdraw money but just as you said 5× it quite much for a gambling platform which I doubt to be legit.

At most 2 deposit which a person can use at least one among it to play a game. And keep on depositing without using the first deposit.

Secondly it's all depends on the country. Because there are country which wouldn't put their consumer on that stress .

if it's worth ricking then I advice you go with less funds to repeatedly, on one account check it out and if it's legit you can still hold on to it minimum to avoid losing more.

[Joca97]

A lot of casinos and sportsbooks do this for new players. Mostly this happens because you receive a bonus from the bookie or casino and once you receive that you need to wager a certain amount. If you didnt get a bonus then i think you should be able to withdraw really fast.

[Cantsay]

I've recently come across in a platform that has a requirement fora customers to wager their first deposit at least five times before they can make a withdrawal.
This is my first time to encounter a gambling platform like this.

Are you sure it is up to five times? What I have seen before and even the first gambling site that I used requested for is that I should at least gamble with the deposited money at ones.

Which countries side did you see that?

As suspected it turned out that the casino where the Op saw this term is Trustdice.win - and it has been addressed by their representative before when someone brought up the issue.

Hello everyone!

[cut]

It seems there is a major misunderstanding here that many people are being misled into believing that we enforce 5x wager requirement on all deposits:

[cut]

This is simply not true. As we have previously addressed, 5x wager requirement only applies to the first deposit:

5.10 In order to make a withdrawal, a player must wager at least 5x the 1st deposit amount from deposits.

You can click on it to get the whole thing that happened in the thread.


My first guess in my post above was correct, the wagering requirement only applies to the first deposit the rest that will be deposited will no longer require you to wager before you can withdraw from the site.

[Franctoshi]

I've recently come across in a platform that has a requirement fora customers to wager their first deposit at least five times before they can make a withdrawal.
This is my first time to encounter a gambling platform like this.

So I want to hear what can you say about this. Is this even legal and good?

I also want to know why they have some terms and conditions about this.


For example:

This isn't a new thing with some of the betting platforms I have came across, However,  during my first time of experiencing this sanario I was equally shocked too why someone must bet first before withdrawing their funds if it was to be a first time deposit,  but mine wasn't restricted up to 5 time in the particular platform but you just need to make that first bet with the funds regardless of the amount of money which you will use.

[gunhell16]

I've recently come across in a platform that has a requirement fora customers to wager their first deposit at least five times before they can make a withdrawal.
This is my first time to encounter a gambling platform like this.

So I want to hear what can you say about this. Is this even legal and good?

I also want to know why they have some terms and conditions about this.


For example:

I've played a lot of crypto gambling games that have rules like that, so that's normal as far as I know, dude. And one of the casinos that has such rules is Betfury. I remembered that if I had experienced playing at this casino before, there were wager requirements before being able to withdraw.

Even if I don't want to, I don't have a choice but to do it and follow the rules that the casino has. I just think that I hope to be lucky and not run out of my balance, because I also know that even if I lose, the amount that was bet is still counted and you lost there in the wager they needed, if I'm not mistaken.

[danherbias07]

It's legal to prevent money laundering schemes which these gambling sites are trying to avoid to keep their business intact. I just don't know about the percentage that must be used but it is said that it's supposed to be done only in the first deposit which makes me curious if there's still a wagering amount needed for the next to be able to withdraw.

I mean, what if these money launderers find a hole in that rule of them? Deposit once, wager it, or much better lose it all and then deposit again. Will it give them the free pass to withdraw it back afterward?
Those kinds of questions makes me scared that these bad intentions will do harm to the gambling industry after washing their money.

[Findingnemo]

I've recently come across in a platform that has a requirement fora customers to wager their first deposit at least five times before they can make a withdrawal.
This is my first time to encounter a gambling platform like this.

So I want to hear what can you say about this. Is this even legal and good?

I also want to know why they have some terms and conditions about this.

It is within their rights to specify how much wagering amount is required before making a withdrawal so this is allowed legally.

5 times is not an outrageous number though and most casinos have similar requirements to prevent users from involving laundering money through their platform but still, people try to launder in other ways like betting with lowest possible odds and once they reach the required value they withdraw the money that is why KYC became mandatory in the crypto casinos as well.

[PhillipDe78]

Unfortunately, these are the current realities of the casino industry. In order to close any possible loopholes that could be used for illegal money laundering, the rules have become stricter. However, this is a necessary step to ensure the integrity of the system.

[Upgrade00]

I'll need to test out more new sites to confirm this, it looks legal but not ideal. There are casinos who allow you withdraw bonus bets (not won on wagering) if you stake on odds less that 2.00, requiring a 5× bet for a withdrawal after the user has made a deposit doesn't practical.

Mostly this happens because you receive a bonus from the bookie or casino and once you receive that you need to wager a certain amount. If you didnt get a bonus then i think you should be able to withdraw really fast.

This is probably what happened here. For large bonuses most casinos require you to wager multiple times to claim the reward, this serve as VIP rewards. Regular bonuses don't require such multiple wagers as I mentioned above.

[Lida93]

I've recently come across in a platform that has a requirement fora customers to wager their first deposit at least five times before they can make a withdrawal.
This is my first time to encounter a gambling platform like this.

So I want to hear what can you say about this. Is this even legal and good?

I also want to know why they have some terms and conditions about this.


For example:

What I know about casinos giving this requirement for withdrawal is when the gambler is being given a bonus he would be required to wager it at least with a designated odd size before eligible for withdraw. For this very one from the op I haven't witnessed or knows any casino that operates this way.

It's for requirements of this nature that gamblers are advised to not get weary of reading casino's ToS to know if they will be comfortable with certain requires as part of policy before making use of the casino, that's if the feel cool with the whole ToS. Wagers 5x before I can withdraw my money feel like a trap in disguise for me.

[MarvinHagler]

I think they do this to stop players abusing bonuses and promotions.

[Joca97]

I'll need to test out more new sites to confirm this, it looks legal but not ideal. There are casinos who allow you withdraw bonus bets (not won on wagering) if you stake on odds less that 2.00, requiring a 5× bet for a withdrawal after the user has made a deposit doesn't practical.

Mostly this happens because you receive a bonus from the bookie or casino and once you receive that you need to wager a certain amount. If you didnt get a bonus then i think you should be able to withdraw really fast.

This is probably what happened here. For large bonuses most casinos require you to wager multiple times to claim the reward, this serve as VIP rewards. Regular bonuses don't require such multiple wagers as I mentioned above.

The main thing that im intrested here is to know what casino/bookie this was. If i knew what one it was i could give an instant answer because probobly it says in their promotions or something. This is why people should stick with bigger casinos to avoid this kind of things that they dont happen. I just wonder what did the OP get as a bonus once he deposited for the first time and did he take it.

[Hatchy]

I also want to know why they have some terms and conditions about this.

That's new, I haven't heard of 5x deposit before being able to make withdrawal on any casino before. What I'm used to is making a first deposit and then you are able to withdraw from their casino. It mostly when it comes to bonuses or free spin rewards as you must be a user of their platform for you to withdraw your rewards from them.
If such casino make it compulsory then a lot of players would just not use them to gamble as most time gamblers tend to try new casinos to check out their games and if I can't withdraw without making a 5x deposit then I might not be willing to use such sites at all.

[Coin_trader]

I've recently come across in a platform that has a requirement fora customers to wager their first deposit at least five times before they can make a withdrawal.
This is my first time to encounter a gambling platform like this.

So I want to hear what can you say about this. Is this even legal and good?

I also want to know why they have some terms and conditions about this.


For example:

In general this is bad since we all knew that only user read the ToS word by word until the end while the majority deposits immediately right after they registered an account.

X5 is already a huge wagering requirements for normal deposits especially if someone is using a high bankroll value. Imagine wagering x5 of your bankroll just to withdraw without any bonuses attached on it.

I knew this casino and many threads like this was created. I’m not sure why they keep using that format instead of the regular x1 wager on deposit which is the standard of all casino.

[Taskford]

I've recently come across in a platform that has a requirement fora customers to wager their first deposit at least five times before they can make a withdrawal.
This is my first time to encounter a gambling platform like this.

So I want to hear what can you say about this. Is this even legal and good?

I also want to know why they have some terms and conditions about this.


For example:

If they won't implement that requirements then they will be the target of those criminals who usually do those money laundering schemes. I'm fine with that requirements since it could able to make those criminals decide not to use those casino implementing that since they might face an issue before they succeed to withdraw their stolen funds.

Although maybe there are more other things has been prevented but I guess all people is just taking their guess. But if people got confused about this and want to get a clarification better they should ask the supports assistance regarding on this queries. But also we need to see the wager requirements if the implemented is achievable since if the casino set a high ones like you need to wager 20 times before you can withdraw then provably that there's something wrong with that casino.

[Wapfika]

I've recently come across in a platform that has a requirement fora customers to wager their first deposit at least five times before they can make a withdrawal.
This is my first time to encounter a gambling platform like this.

So I want to hear what can you say about this. Is this even legal and good?

This is legal since they stated it in their ToS which all players should read and agreed before they can register. It’s players mistake if they don’t like this terms while they still play on this casino since they are not forced to play. Not unless this terms just changed right after the players registered to make it illegal.

I also want to know why they have some terms and conditions about this.


For example:

Obviously, for AML policy to avoid money laundering. AML doesn’t provide specific wagering requirements for their rule. Casino is the only one using this method to enforce AML policy which means this casino wants an extra safety precautions to counter money laundering.