Gambling deposit bonus truth — are they promotions or scams targeting users?

[nonlogs]

I have seen some Gambling sites offering a deposit bonus of $1, then setting the minimum withdrawal to $20, and requiring a $5 network fee for BTC (but they actually pay only a very small fee, around 2–3 sats per vbyte, which would be 0.00000222 BTC or about $0.24). Can this be considered a promotional activity or tricking the user? $1 isn’t a big amount, but most of these Gambling sites are just trying to trick users to grow their audience.

[Oshosondy]

This one is even better. I have seen gambling sites that can give people like $25 bonus in bitcoin but their minimum withdrawal for bitcoin is 0.001 BTC which is around $109. It is in a way that the gambler will still lost the bonus most likely.

I still think having minimum withdrawal for bitcoin of about $20 is not bad but the fee of $5 is too much in my opinion because the mempool is very less congested now.

[nonlogs]

This one is even better. I have seen gambling sites that can give people like $25 bonus in bitcoin but their minimum withdrawal for bitcoin is 0.001 BTC which is around $109. It is in a way that the gambler will still lost the bonus most likely.

I still think having minimum withdrawal for bitcoin of about $20 is not bad but the fee of $5 is too much in my opinion because the mempool is very less congested now.

Yeah, probably making $85 through gambling sounds difficult unless they got really lucky. The most interesting fact about the fees is that if you look at the network fee graph, it stays very low around 3–7 sats per vbyte. Link: https://bitinfocharts.com/comparison/bitcoin-transactionfees.html#1y

[Shishir99]

I have seen some Gambling sites offering a deposit bonus of $1, then setting the minimum withdrawal to $20, and requiring a $5 network fee for BTC (but they actually pay only a very small fee, around 2–3 sats per vbyte, which would be 0.00000222 BTC or about $0.24). Can this be considered a promotional activity or tricking the user? $1 isn’t a big amount, but most of these Gambling sites are just trying to trick users to grow their audience.

The minimum withdrawal in Bitcoin is too low if it's only $20. If a casino allows players to withdraw $20 in Bitcoin, do you expect them to give you a $10 bonus so you can double and withdraw the funds? They are here to do some business, mate. They won't give a $10 bonus if they allow you to withdraw a $20. If they send you $10 bonus, they would set a minimum withdrawal limit to $200.

Why would you say it's a scam? As for the $5 network fee, I don't think it's too much for Bitcoin. The $5 fee is fixed, and they charge the same fee when they send large withdrawals. In this case, the casino pays more fees, but they won't charge you a large amount.

[Charles-Tim]

Why would you say it's a scam? As for the $5 network fee, I don't think it's too much for Bitcoin. The $5 fee is fixed, and they charge the same fee when they send large withdrawals. In this case, the casino pays more fees, but they won't charge you a large amount.

This is the reason I like Stake.com (Stake.us for United States users). When I registered on the gambling site, I noticed that it has one of the lowest withdrawal fee. For bitcoin, the withdrawal fee on Stake is $1.69 as of now.

[Davidvictorson]

Can this be considered a promotional activity or tricking the user? $1 isn’t a big amount, but most of these Gambling sites are just trying to trick users to grow their audience.

Well we can look at it from two sides. The first side being that it's been be considered a promotional activity if there is a terms and conditions where it is clearly stated without any hidden motive. However if there are no clear rules turns and conditions and the gambler only gets to know and the point of withdrawal then that is very deceptive. I know that there are some casinos that do the latter, it is just to expose them so that other people will be aware of them and completely avoid them.

[The Cryptovator]

I think the thread should move into the gambling discussion board from the scam accusation. Please move the thread yourself to the gambling discussion, because this isn't any scam accusation against any specific gambling site. Also, the thread isn't correctly formatted as, like, a scam accusation thread. However, this bonus is a policy of gambling sites to draw attention from the gamblers. A minimum withdrawal of $20 seems fair enough to me. If you can win, then you will be able to withdraw more bigger amount; it doesn't matter really.

Regarding withdrawal, if you compare it with miner fees, then it won't work. They spent only a few satoshi for a transaction because they sent withdrawals to multiple addresses by a single transaction. So it does reduce fees for gambling sites. But they charge a withdrawal processing fee, and it should mention their website as well. Like centralised exchanges do, if the gambling platform mentioned their withdrawal fees, then there is nothing wrong.

[Zwei]

I have seen some Gambling sites offering a deposit bonus of $1, then setting the minimum withdrawal to $20, and requiring a $5 network fee for BTC (but they actually pay only a very small fee, around 2–3 sats per vbyte, which would be 0.00000222 BTC or about $0.24). Can this be considered a promotional activity or tricking the user? $1 isn’t a big amount, but most of these Gambling sites are just trying to trick users to grow their audience.

are you sure it was a deposit bonus? or just $1 they give new users to try the site?
i have never seen a bonus that low anywhere that requires a deposit, if you need to deposit to get $1, it's a joke, not a bonus.

if it's just a free $1 with nothing attatched to it, it's basically just a promo to get you on the site, and if you like it, you might stick around and depo later to play more. it's markting 101, not a scam.

[Stalker22]

Its a Trick, Not a Treat!  I mean, they make it sound all nice and sweet by offerin you a free buck just for signing up.  But then you gotta read the fine print and realize theres a $20 minimum withdrawal.  Oh, and dont forget the $5 fee just to move your money around. so it kinda feels like they are trying to pull one over on people ya know? Danglin' that $1 carrot in front of your face thinkin you wont notice the other catch. 

I doubt theyre actually tryin to be generous here.  More like they wanna lure you in, get you hooked, and hope youll deposit more cash to try and actually withdraw someday. 

[Sonia_123]

I have seen some Gambling sites offering a deposit bonus of $1, then setting the minimum withdrawal to $20, and requiring a $5 network fee for BTC (but they actually pay only a very small fee, around 2–3 sats per vbyte, which would be 0.00000222 BTC or about $0.24). Can this be considered a promotional activity or tricking the user? $1 isn’t a big amount, but most of these Gambling sites are just trying to trick users to grow their audience.

Since these is a business, you can't expect them to lose, how will the make their profit and then give out bonuses to attract customer and get them trapped for their interest . Gambling sites are out there to make money and so they can make use of any strategy that will be favourable to them in as much they will be gaining from every registered customer .
In as much as you are aware of the terms and conditions,it's all about choice the service fee is being controlled by network, which will determine how much you will be charge for your transaction fee, but if you have a big win, I don't think that deposit and transportation fee will be an issue, it is because we have more losses than wins, if not you will be carried away with the joy of your wins and not nothing more.
Promotion are being made for the gambling sites to get more customers.

[Nwada001]

It can be considered a promotional strategy by the casino owner to lure customers into their site even with such welcome bonuses. As a player, we should make sure to check casino policy, their withdrawal limit, wager requirements, fees, etc., so that when you meet it on your way, you will not consider it to be a means of defrauding, whereas the rules have always been there.

As absorbed as some patterns can look, it's also a bit understandable that they are businesses looking for means to make money. If they make everything too easy, they close down from business in no time. Fees are another way of revenue generation for some casinos too, so with high fees, the withdrawal limit is definitely going to be on the high side too so that it can match with the fee.

[AmoreJaz]

It can be considered a promotional strategy by the casino owner to lure customers into their site even with such welcome bonuses. As a player, we should make sure to check casino policy, their withdrawal limit, wager requirements, fees, etc., so that when you meet it on your way, you will not consider it to be a means of defrauding, whereas the rules have always been there.

As absorbed as some patterns can look, it's also a bit understandable that they are businesses looking for means to make money. If they make everything too easy, they close down from business in no time. Fees are another way of revenue generation for some casinos too, so with high fees, the withdrawal limit is definitely going to be on the high side too so that it can match with the fee.

Anyway, even if there are some clickbaits, later on, the players will understand why such bait and it may give not-so-good impression to them. And so word of mouth is a very powerful marketing tool to spread awareness of what's happening in the site. So if they are luring their customers, it will be known to other users as they can easily tell it to others because of social media platforms today.

[Floxynice]

I have seen some Gambling sites offering a deposit bonus of $1, then setting the minimum withdrawal to $20, and requiring a $5 network fee for BTC (but they actually pay only a very small fee, around 2–3 sats per vbyte, which would be 0.00000222 BTC or about $0.24). Can this be considered a promotional activity or tricking the user? $1 isn’t a big amount, but most of these Gambling sites are just trying to trick users to grow their audience.

I don't think these are scammers, and I don't think there is any bonus here in the first place. Many casinos do this, they tell you there's a mouthwatering bonus awaiting once you deposit with them. But then, there are some terms and conditions attached before you can withdraw that bonus.
Those are just strategies used by casinos to attract gamblers, especially those who do not see the need to read the casino's terms and the services they offer.

Having noticed this, it should tell gamblers not to be in a hurry to grab bonuses. Be sure you won't get stuck while trying to claim them.

[sheenshane]

Its a Trick, Not a Treat! 

Exactly what was in my mind while reading the OP post.  It's a trick for me.
That's the problem when we only read for the highlight bonus, it's a kind of marketing strategy for them to get interest from some gamblers who only chase the bonuses and free giveaways.

Somehow I understand them, why?
Though it's kind of a trap to us as gamblers, this also prevents players from just taking the free bonus and immediately cashing out without making any deposits or playing enough.  Most casino makes money through the "house edge" over many bets, so the wagering conditions help keep the player engaged and betting longer, increasing the chances that the casino will profit.  That could be the reason, IMO.

[ralle14]

I rarely see deposit bonuses go that low, but it's one way to encourage casual gamblers to play on the site while saving their budget on something else. It reminds me of the old times when faucets were still a thing in most casinos so new users won't be forced to deposit right away just to test their casino games.

Even though the deposit bonus isn't as tempting, I still think the minimums they've set are somewhat okay after experiencing higher minimums from other casinos.

[Tmoonz]

It can be considered a promotional strategy by the casino owner to lure customers into their site even with such welcome bonuses. As a player, we should make sure to check casino policy, their withdrawal limit, wager requirements, fees, etc., so that when you meet it on your way, you will not consider it to be a means of defrauding, whereas the rules have always been there.

As absorbed as some patterns can look, it's also a bit understandable that they are businesses looking for means to make money. If they make everything too easy, they close down from business in no time. Fees are another way of revenue generation for some casinos too, so with high fees, the withdrawal limit is definitely going to be on the high side too so that it can match with the fee.

Anyway, even if there are some clickbaits, later on, the players will understand why such bait and it may give not-so-good impression to them. And so word of mouth is a very powerful marketing tool to spread awareness of what's happening in the site. So if they are luring their customers, it will be known to other users as they can easily tell it to others because of social media platforms today.

Exactly the main point even while they can succeed in getting few customers through that means of luring customers the moment it is discovered to be fake or a scammed attempt as to this regards then it is already a drawback to the team when customers finds it not to be true, you are right about the use of social media platforms today being use for such criticism which of course it is very necessary because we can't fallen in to trap and also allow others to do the same without creating the consciousness awareness, any gambling platforms deposit bonus that are not real with an attempt to scam users means that they don't have a long term plan for the such project because their name will be rubbed in the mud.

[viljy]

I have seen some Gambling sites offering a deposit bonus of $1, then setting the minimum withdrawal to $20, and requiring a $5 network fee for BTC (but they actually pay only a very small fee, around 2–3 sats per vbyte, which would be 0.00000222 BTC or about $0.24). Can this be considered a promotional activity or tricking the user? $1 isn’t a big amount, but most of these Gambling sites are just trying to trick users to grow their audience.

If the withdrawal conditions do not suit the gambler, then you should find another casino. For example, if I don't like the bonus wagering conditions, then I won't use this bonus. In general, if the conditions are transparent to the gambler, then there is nothing fraudulent. It's another matter if, for example, obstacles appear when withdrawing funds that have not been announced anywhere. But this is clearly not the situation you are describing. So just choose another casino. In general, it should be understood that such loyal conditions as a microscopic deposit bonus are not charity, but an advertising campaign to attract gamblers.

[lovesmayfamilis]

This is definitely advertising, advertising to attract players.. You start playing and find out that the withdrawal costs much more than expected; after that, in excitement, you add your funds to continue the game. This is a tricky tactic, but you can always decide whether you need such conditions or not. I do not see fraud here; different casinos have different conditions that the player agrees to. Any bonus should always be assessed from the casino's interest.

[bettercrypto]

I have seen some Gambling sites offering a deposit bonus of $1, then setting the minimum withdrawal to $20, and requiring a $5 network fee for BTC (but they actually pay only a very small fee, around 2–3 sats per vbyte, which would be 0.00000222 BTC or about $0.24). Can this be considered a promotional activity or tricking the user? $1 isn’t a big amount, but most of these Gambling sites are just trying to trick users to grow their audience.

What is the $1 bonus deposit? Every time a player makes a deposit, they will give $1 to the gambler's balance to play the game? If that's the case, then it's okay with me, at least that $1 bonus can still be used to win more than $1 if the minimum bet is 0.2$, in which case there are 5 attempts that we can use with the chance of winning more than $1.

But if the minimum withdrawal was $20, it would still be okay, but I don't agree with the $5 fee for the withdrawal transaction, and it's a bit expensive, honestly speaking.

[red4slash]

The concept is simple, they do it for business and it is clear that regardless of the bonus or whatever is a form of promotion so there is no need to feel cheated by it because the choice is only two if you are interested then do it according to the conditions that the casino provides but if not then look for another site that is indeed more profitable our version.

Not that I support what casinos do but on the other hand we must realize that their position is as managers and businessmen so it is clear that they do not want to lose with the promotional system they do because their job is to attract the interest of their users not to give it away for free.

I think gamblers should be aware of this condition so that we don't seem to feel cheated but continue to do the same thing by looking for bonuses that they think are worthy but after losing they feel cheated by what the casino is doing.