Gambling platform require wager on first deposit before withdrawal

[Cantsay]

::/::
I still feel its too high it just as if the casino is actually telling you that your money is gone once you make that deposit. Believe to roll over x5 in gambling is never an easy task and am sure it's one of their shady tactics to actually trap some gamblers there.

If they don't have a minimum deposit amount then it will become something can be easily completed but if there is a minimum deposit amount then it might become difficult depending on the amount they set - since the 5x wagering requirements is only applicable to the first deposits then all a user have to do is to make a small amount deposit (in cases where there's no minimum deposit amount ) and then play with that one until then requirement has been meant

[Sunderland]

If the requirement is a part of ToS you have to accept then it's legal.
IMO this is a part of AML requirements. They probably had people deposit money just to wash it and withdraw without wagering.
The way I see it, it's not going to change much if you are to wager 5 times before withdrawing, because you can do it with a fraction of the money, but if you are to wager the whole amount 5 times then it's a scam. Imagine that you have $1k and you put that on a sports match that you win and now you have $2k and can't withdraw because they want you to wager that initial 1k 4 times more. Chances are you will lose everything.
Makes me wonder if in such situation you'd be allowed to withdraw profit, so 1k, leaving another 1k to wager 4 times. If not - it's a scam.

Beside to prevent money laundering, I think it might be their policy to prevent abusers/fraudsters from signing up and making the first big deposit.
It is possible that these abusers made their first deposit with a small amount, but the platform may already know who they are after making the first deposit/bet and they can take further precautions such as limiting the bet limit, etc.
And if that happens, then the abusers will definitely not want to deposit and play on that platform again.

[Forsyth Jones]

If this is a casino rule, there is nothing you can do other than follow the rules imposed by the casino. I think 5x is a bit much for the first deposit, but if that's the casino's rule, it's fine.

Did you discover this before registering or when you made the withdrawal for the first time? It's always good to read the terms of service so as not to be surprised later, at least at a glance, I know that it is not possible to read all the terms in the world and in the software we download.

[mirakal]

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.

As much as gamblers want to assure their withdrawals, the platform itself wants to secure as well that any gambler won't resort into money laundering, so it's the least the casino can do to avoid this kind of modus. And if the country's gambling boards approves it, then rest assured that it's 100% legal. It's up to the gambler itself if he will pursue wagering on that certain casino or not.

[_act_]

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.

As much as gamblers want to assure their withdrawals, the platform itself wants to secure as well that any gambler won't resort into money laundering, so it's the least the casino can do to avoid this kind of modus. And if the country's gambling boards approves it, then rest assured that it's 100% legal. It's up to the gambler itself if he will pursue wagering on that certain casino or not.

We should not discuss about money laundering at all on this thread. I do not know why people are discussing about money laundering here. It is wrong. A gambling site can only increase the percentage to win before they can be able to withdraw because they do not want the users to be able to win up to the percentage required for withdraw. This is not about money laundering at all. Let us stop discussing about money laundering on this thread.

[Despairo]

Are you new in gambling? most of casinos are asking wager requirement at least 1x-2x from your deposit.

But isn't that exactly what money laundering is all about? The trace of the origin of the funds is effectively erased, therefore, the funds now look legitimate and clean. Casinos have become closely associated with money laundering because they have been providing an easy way for launderers to obtain a new source of their dirty money. Even here in my country, prominent brick-and-mortar casinos have also been involved in large money laundering activities.

Centralized casino technically can't be used for money laundering, the casino can easily know every accounts and every address they use. If someone want to hide the origin of the funds, they should use mixer or privacy coins.

Brick and mortar casinos are easy to use for money laundering, you can convert your cash for poker chip, instead of carrying a lot cash in suitcase, you can just holding few poker chip.

I have a big doubt that such is phishing of being a scam.
Maybe others with more experience can tell more.

Nope, that casino has an active signature campaign in this forum.

[panjul07]

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.

I'm quite sure it has been discussed in some different threads already and I know the casino you are referring to is trustdice but let me tell you that trustdice is not the only one.
For me it is not about legal or illegal because any casino has the right to have their own policy/terms for their own services.
But if it is about good or bad then it will be about preferences by players, I myself say that it is not a good term because 5x is too much.
I prefer 1x wagering requirement for every deposit than 5x for the 1st dpeosit only.
About the reason why they such a term, most common reason is that it is to make sure that players do not use the casino as mixing service.

[Dr.Bitcoin_Strange]

Just as the first comment  already stated, that's the one reason that makes some casino to add such rule to their casino, another reason for wagering requirement is to prevent unfair play by some customers that might want to cheat and abuse bonuses. Most casinos have this wagering requirement but they don't raise it as high as 5x wagering but only limited it to 2 or 3x at max.

Even if the rules are placed because of some certain reasons like money laundering and others, I still feel its too high it just as if the casino is actually telling you that your money is gone once you make that deposit. Believe to roll over x5 in gambling is never an easy task and am sure it's one of their shady tactics to actually trap some gamblers there.

Well, we are not sure which casino OP got the rule he quoted, but for all the casinos I have used, I don't think there is any that has more than a 2x - 3x wagering requirement, which I think is more appropriate than having 5x. The thing is, every company has a policy, and you are not to tell them how to run their company; they have their rules in their terms and policies, and it's left for customers to agree or decline and look for other casinos to use. 

[Lanatsa]

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.

I'm quite sure it has been discussed in some different threads already and I know the casino you are referring to is trustdice but let me tell you that trustdice is not the only one.
For me it is not about legal or illegal because any casino has the right to have their own policy/terms for their own services.
But if it is about good or bad then it will be about preferences by players, I myself say that it is not a good term because 5x is too much.
I prefer 1x wagering requirement for every deposit than 5x for the 1st dpeosit only.
About the reason why they such a term, most common reason is that it is to make sure that players do not use the casino as mixing service.

Speaking about terms and conditions or simply with those policies then every platform would really be having their own on which it would really be something that understandable that there might be some difference but surprisingly this one is really just that far off if we do speak about those standard set ups that we do have mostly in the business or industry nowadays. This is why it wont really be that shocking that people or gamblers would really be making out some comment that it is really just that too much with having that kind of rules or terms on which this is something that would really be that impossible for gamblers to get out.
Yes, it would be understandable that for the sake of avoiding money laundering but it isnt really that too much to set 5x of your initial deposit?

Thinking up alone on how you would really be able to make withdrawal then you would really be definitely be giving up on mid way on which it would really be that something
hard to reach up such threshold but of course it would really be still that depending on you whether you would be finding something new or would be sticking
into the platform.

[ralle14]

If it's your first time seeing that rule, you have to get used to it because as the others have already mentioned, some gamblers abuse their cashier system. A stricter rule like 5x might sound discouraging, but it shouldn't be a big problem if they offer provably fair games so you can clear the requirement with little losses.

I'd assume having a higher wagering requirement encourages their players to think several times before sending their deposit because i've seen many gamblers (including myself) quickly change their minds after depositing.

[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.

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.

Yes, it is 5x. What I did recently just to make my total wager reach 5x is I just do "auto" in a dice game with a high winning chance so I just keep winning even small amounts of money.
Since this is my first time experience, I'm totally new on it.

[yahoo62278]

If you are depositing to a site to gamble, they expect you to gamble. You are not depositing for the money to sit there or to place 1 bet on dice at x1.01 win and wd. If you don't have the intention to gamble, you shouldn't deposit. Not to mention AML policies and such.

Let's say I deposit 50$. I am expected to wager 250$ from that 50. They don't limit where I can or cannot wager I assume, so I will try to run it up on say dice. If I am lucky enough to at least double the depo and still need to wager 150-200$ then I'll start betting some low multis in dice and clear the wager hopefully losing 1-2$ and wd. It's not really all that hard to wager 5x.

With that being said, I do remember the thread created by GxSTxV a couple years back talking about the casino you are referring to and their wager requirements. I do not agree with a 5x wager requirement even though I feel it's really easy to achieve. Usually a 1x wager requirement will suffice. A lot of the smaller gamblers will feel they're being cheated with the requirement even though they are not and should read all the ToS before ever depositing.

Trustdice is not scamming users by having this requirement and they only apply the requirement to your 1st deposit on their site as far as I know. Really nothing to be concerned about IMO. If you dislike the rule, don't deposit.

[swogerino]

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:

Well it is their right to implement such rules claiming it is from all kind of laws incuding sponsoring terrorism.It is not a common implementation in many reputable casinos however keep in mind though that the 5x wager is really easy and it can be achieved in many different ways.The first one is to use IDR as a currency if the casino permits to do so and use minimal bet to do buy ins and this way most likely over time will pass 5x wager in no time.I mean buying the bonus in slot machines.If IDR is not allowed then go to dice with 0.01 dollar bet and use 98% chance,with this one it can be achieved even faster,so lots of ways to get past a 5x wager.

[Viscore]

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

To ensure their customers are really interested in gambling, casinos have these rules in place. Besides, why would you deposit in a casino if you plan to withdraw right away? I think that certain rule is fair. At least it's in their TOS, so you can't complain if you didn't read it when you signed up. Other casinos I've played at only require a 100% wager of your deposit before you can make a withdrawal, which is easier than x5. But then again, that's their rule, and we can't do anything about that.

But this is just for the first deposit, maybe next time you'll deposit there will be no more wagering requirement.

[Mr. Magkaisa]

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.

As much as gamblers want to assure their withdrawals, the platform itself wants to secure as well that any gambler won't resort into money laundering, so it's the least the casino can do to avoid this kind of modus. And if the country's gambling boards approves it, then rest assured that it's 100% legal. It's up to the gambler itself if he will pursue wagering on that certain casino or not.

           -   What you are saying is correct, mate. It really depends on the gamblers if they strive to comply with the wager requirements demanded by a casino. Then, for the gamblers who just want to have fun, they will not realize that they will achieve the wager amount of a casino.

In my experience, in my desire to even the amount of the wager amount, I did not notice that the amount that I was losing in gambling was getting bigger. At that time, I was just a beginner, and I did not have a limitation in my gambling. then.

[Dr.Bitcoin_Strange]

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

To ensure their customers are really interested in gambling, casinos have these rules in place. Besides, why would you deposit in a casino if you plan to withdraw right away? I think that certain rule is fair. At least it's in their TOS, so you can't complain if you didn't read it when you signed up. Other casinos I've played at only require a 100% wager of your deposit before you can make a withdrawal, which is easier than x5. But then again, that's their rule, and we can't do anything about that.

But this is just for the first deposit, maybe next time you'll deposit there will be no more wagering requirement.

Yeah, such a rule is usually applicable for first-time gamblers who just made a deposit for the first time in the casino, but after they meet the first wagering requirement, they will not need to meet such a requirement again on the second deposit. Whichever casino OP got that rule from, I think it's such an unusual rule because it states that "you must wager 5x the amount you deposit for the first time" before you can withdraw, which means if you deposit $500, you must make sure you wager $500 five times before you can be allowed to withdraw. If I'm right, that's strange. 

[DaNNy001]

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

To ensure their customers are really interested in gambling, casinos have these rules in place. Besides, why would you deposit in a casino if you plan to withdraw right away? I think that certain rule is fair. At least it's in their TOS, so you can't complain if you didn't read it when you signed up. Other casinos I've played at only require a 100% wager of your deposit before you can make a withdrawal, which is easier than x5. But then again, that's their rule, and we can't do anything about that.

But this is just for the first deposit, maybe next time you'll deposit there will be no more wagering requirement.

Yeah, such a rule is usually applicable for first-time gamblers who just made a deposit for the first time in the casino, but after they meet the first wagering requirement, they will not need to meet such a requirement again on the second deposit. Whichever casino OP got that rule from, I think it's such an unusual rule because it states that "you must wager 5x the amount you deposit for the first time" before you can withdraw, which means if you deposit $500, you must make sure you wager $500 five times before you can be allowed to withdraw. If I'm right, that's strange. 

Of all the casino I have gambled with and am not trying to brag or anything but I feel I have gambled with quite alot and of all, this is the first that I have heard about such rules and for me it's really strange because to roll over x5 even on a regular bet is not an easy task and for a casino requiring or should I say conditioning their users to fulfill such rules just sounds in my ear like a scam for me because almost all their customers would definitely find it hard to roll that over.

[uneng]

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

Legal maybe, but never good. They should only encourage gamblers to wager their deposit X times before withdrawing it through deposit bonus promotions, but to force gamblers to do so is too much. It's hard enough already to win from casinos, so they shouldn't even consider this measure against gamblers, as it's going to increase even more the difficult of making profit for gamblers.

The point is: if people just avoided this kind of service and stated they were avoiding it due to those conditions imposed by the house, no other casino would adopt such measures for their services as well, and gamblers would find themselves free from such annoying and abusive withdrawal requirements. The problem is that many people think it's normal, so casinos feel comfortable in creating rules which difficult you profiting from their platforms.

[348Judah]

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:

We cannot condemn a gambling platform for setting their own rules or policy, because that is why we have to read their terms and conditions before signing up with them, this is what their own requirement is, you may also discover something different from this from another platform, if we think we are ok by them and what they gave, we may proceed to using them and if we can't afford the conditions given, then there is nothing we can do in changing them, which all these make it an important thing to always research first on a gambling platform before using them.

[Hispo]

If this is a casino rule, there is nothing you can do other than follow the rules imposed by the casino. I think 5x is a bit much for the first deposit, but if that's the casino's rule, it's fine.

...

🍑

Actually, there is something we can do as gamblers and costumers and that would be not to partake in gambling in platforms like that one which have pretty much unreasonable wager requirements.  
I would be okey with a 1,5x or even 2x  wager requirement, but asking for a 5x is simply too much and I believe it only highlights the possible lack of liquidity a casino could be suffering from, since they cannot allow their deposits to go out their Bitcoin/cryptocurrency wallets, either that or the staff behind the casino itself has allowed greed to completely embrace them and do not care to provide a fair service.

In my opinion, these Anti money laundering lwas and regulations are supposed to be more equilibrated and not only set a minimum wager requirement for casinos to operate within legality, they should also set a maximum wager requirement, so some casino won't be able to take advantage of those who do not care to read the Terms of Service before depositing.