Do casinos release big wins instantly?

[Crypto Library]

My experience and observation in communities have shown that big wins are typically launched at a rapid pace on reputable casinos when your account is KYC-approved and you are not a suspicious user. The withdrawal of cryptocurrency is quicker, and fiat can also be a little slower. The delays are mostly associated with newer or more untrustworthy casinos--they may stall even in case you play fairly. The best solution here is therefore to maintain recognized, licensed sites which will allow hassle free withdrawals.

You have largely restated the language I expressed in your own language, in fact, according to my experience, those who do KYC verification at a reputable casino and then win a big amount are not asked for KYC verification a second time. However, those who have opened multiple accounts through the same IP or suspicious activity is basically what you said, KYC verification is asked again.
Finally, I would like to say that it is not enough to just have a licensed casino, but to be on the list, you have to verify the company that issued the license and find out about their reputation, and at the same time, you have to find out about the reputation of that casino in different communities, then basically we will be able to play fair.

[_BlackStar]

-snip-

You have largely restated the language I expressed in your own language, in fact, according to my experience, those who do KYC verification at a reputable casino and then win a big amount are not asked for KYC verification a second time. However, those who have opened multiple accounts through the same IP or suspicious activity is basically what you said, KYC verification is asked again.
Finally, I would like to say that it is not enough to just have a licensed casino, but to be on the list, you have to verify the company that issued the license and find out about their reputation, and at the same time, you have to find out about the reputation of that casino in different communities, then basically we will be able to play fair.

Have you ever heard of KYC levels? If so, I guess some casinos might require customers who win big to pass the next level of KYC in order to withdraw their winnings. I don't know which casinos implement that kind of KYC level - but it seems to exist because usually the lowest KYC level doesn't require personal documents and so on. The situation would be different if the customer was detected to have multiple accounts - the casino would likely handle that issue in a different way.

[Sonia_123]

I haven’t won really big in a casino or sportsbook, so I’m making this topic to get information from users who have already hit big, or who know stories about bettors who have.

My question is, do casinos release big wins instantly, like it’s just part of their normal process?

Please share your experiences so we can be aware..
And if there are any requirements aside from KYC, let us know so we can prepare for it in case we get lucky and hit the jackpot in the future.

Yes they do releases big wins, no matter how long it takes the person to present himself as long as you are a winner they have no right to keep your wins, filling your KYC is to help them know their customers and his full details, also for advert purposes and having close relationship with him, casinos does not have any right to keep your big win except the issue is complicated and one it is sorted out they will definitely release the fund if not they can be sued and charged to court by the winner which will also affect their business which will not be good for them at all.

[HONDACD125]

Yes they do releases big wins, no matter how long it takes the person to present himself as long as you are a winner they have no right to keep your wins, filling your KYC is to help them know their customers and his full details, also for advert purposes and having close relationship with him, casinos does not have any right to keep your big win except the issue is complicated and one it is sorted out they will definitely release the fund if not they can be sued and charged to court by the winner which will also affect their business which will not be good for them at all.

Well, suing the casino and dragging it to court and all this stuff is only possible if the casino operates within the same jurisdiction where you reside, because only then it will be easy for you to take the case to the court and fight for the money they owe and you should only do that if the amount is significant enough which means that even after all the expenses you will need to go through if you decide to sue them, you should still get a good sum left behind for you, because you will obviously need to spend some money if you decide to do that, hiring a lawyer, doing so much travelling, etc.

Most casinos in the crypto gambling industry are mostly not available in the countries where they are operational, and if such a casino doesn't pay a big win gotten by a user from somewhere around the world, the casino knows that they are not going to travel from their country to another country only to sue them or fight for their money unless it's a very large amount, like in millions of dollars, but still, people should make sure that they are gambling with reputable casinos so that they don't face such problems in the first place.

[icebar]

I haven’t won really big in a casino or sportsbook, so I’m making this topic to get information from users who have already hit big, or who know stories about bettors who have.

My question is, do casinos release big wins instantly, like it’s just part of their normal process?

Please share your experiences so we can be aware..
And if there are any requirements aside from KYC, let us know so we can prepare for it in case we get lucky and hit the jackpot in the future.

Yes they do releases big wins, no matter how long it takes the person to present himself as long as you are a winner they have no right to keep your wins, filling your KYC is to help them know their customers and his full details, also for advert purposes and having close relationship with him, casinos does not have any right to keep your big win except the issue is complicated and one it is sorted out they will definitely release the fund if not they can be sued and charged to court by the winner which will also affect their business which will not be good for them at all.

The casino must release the big wins quickly and it has to do so, but if there is a big win that is not as usual win, then the casino must take some time because then it must match the information related to the gambler's KYC. Moreover, the government can also ask for all kinds of information. You have to wait until the information is verified. But it must be within a certain limit. If a reputable licensed casino delays releasing the winning money more than specific time, then action must be taken against it. The casino must try to do it in a short time to maintain its reputation.

[AmoreJaz]

However, withdrawals can take a while due to the high winnings, unlike the usual low withdrawal amounts.

This shouldn’t be generalized, not all casinos delay huge wins, there are still gamblers who pay out huge amounts just as fast as they pay out small amounts. Although every casino has their various modus operandi, there are casinos who would require players to do certain verification in other to withdraw huge amounts, there are others that don’t, so it completely depends on the casino’s terms and conditions.

Just take for example, stake, I have never heard any complaint regarding huge withdrawal on their site, considering there are multi-million dollar of winnings. I am a promoter of this site but I am not being biased as I am just stating a fact. So for me, it depends on the credibility of the gambling site. If the site can handle big wins, there's no reason why they won't release such winnings.
Doubt the capability of the casino if they are offering staggered payments of winnings. It means, they don't have much in their vault but at least they are not running away from their obligations.

[Powerjumboo]

I haven’t won really big in a casino or sportsbook, so I’m making this topic to get information from users who have already hit big, or who know stories about bettors who have.

My question is, do casinos release big wins instantly, like it’s just part of their normal process?

Please share your experiences so we can be aware..
And if there are any requirements aside from KYC, let us know so we can prepare for it in case we get lucky and hit the jackpot in the future.

Like you, I have not won a big amount from gambling because when I gamble, I gamble for fun and I use very small amounts of money on the gambling platform, which is why if I win instead of a small amount of money, my winnings are very small. However, I think if someone wins a huge amount of money from gambling, then the casino platform can take KYC for their winnings because they will naturally have the experience to investigate the matter a little. However, if it is a reputable casino platform, then maybe you will not have any problems for big wins.

[lombok]

I haven’t won really big in a casino or sportsbook, so I’m making this topic to get information from users who have already hit big, or who know stories about bettors who have.

My question is, do casinos release big wins instantly, like it’s just part of their normal process?

Please share your experiences so we can be aware..
And if there are any requirements aside from KYC, let us know so we can prepare for it in case we get lucky and hit the jackpot in the future.

Like you, I have not won a big amount from gambling because when I gamble, I gamble for fun and I use very small amounts of money on the gambling platform, which is why if I win instead of a small amount of money, my winnings are very small. However, I think if someone wins a huge amount of money from gambling, then the casino platform can take KYC for their winnings because they will naturally have the experience to investigate the matter a little. However, if it is a reputable casino platform, then maybe you will not have any problems for big wins.

The most effective way of keeping our minds healthy in this state of a high degree of uncertainty is to enjoy games devoid of a blind ambition. This is ridiculous and you are correct that identity cheque processes in large sites keep huge fortunes out of the reach of possible cheaters. The faith of an open system makes us feel more comfortable with the use of our money in the expansive digital garden.

[Orpichukwu]

When the amount is too large like millions dollar then I think it is not a bad thing to make the user wait and relase the funds once check-ins and outs. It is save both for the gambling sites as well as for the players from being scammed by any scammer.

That double-checking which the casino does for all big winnings and withdrawals seems like a normal thing which they do, and their auto-withdrawal setting might be restricted when it comes to certain amounts. They need to check and be sure that the amount is from a legit winning and no error actually did come from their side, and for the winning, they also need to be sure they are the right person permitting the withdrawal into the right wallet.

[bhadz]

Yes they do releases big wins, no matter how long it takes the person to present himself as long as you are a winner they have no right to keep your wins, filling your KYC is to help them know their customers and his full details, also for advert purposes and having close relationship with him, casinos does not have any right to keep your big win except the issue is complicated and one it is sorted out they will definitely release the fund if not they can be sued and charged to court by the winner which will also affect their business which will not be good for them at all.

Sadly, they'll say that they have the right to keep someone's winning if they're asked for additional requirement and they didn't comply. That's why if you've got huge funds and winnings in them, you'll have to adhere the rules if they asked you to do so. But for as long as you have the requirements to fill that kyc that they'll ask, they'll release the funds and that's not theirs. Especially, if they are registered casinos they don't want to have their names put a tarnish into any reviews websites and even their ann threads to have a bad feed back.