Most crypto gambling sites have 1x wagering requirements

[CryptoHeadlineNews]

I’m sure many users here don’t realize that Duelbits has lower wagering requirements compared to other casinos. They probably assume Duelbits has a 1x wagering requirement. Even I, who used to bet on Dota 2 on Duelbits quite often, thought they had the same requirement as other casinos. I only found out today that their wagering requirement is actually very generous.  

I'm also one of those individuals who got to know about Duelbits having the lowest wagering requirement through this thread, because before now I always thought the requirement was the same as 1x like other crypto casinos, not until I saw the screenshot shared by O.P and I got to realize. And this feature also stand to be of very good advantage which this casino has over the rest, because users of Duelbit will no more be scared of not having their money back if they mistaken transfer to their casino account, just as users of other crypto casinos will be scared of a compulsory 1x wagering requirement. And as it stands now, this casino stands to be a low deposit risk free casino.

[Pandorak]

I hope you know that there are some with higher wagering requirements than just 1x? For deposits, 1x seems to be the highest that I have seen, but when it comes to bonuses, there are so many casinos out there with some kind of requirements that would instantly just kill your interest in that bonus, imagine having to wager 35x and then still only be able to withdraw just 5x as the max withdrawal from that casino.

In my opinion, the wagering requirements that must be met for casino deposit bonuses are pretty crazy, just imagine that the amount you have to wager can be tens of times the bonus amount. The problem is if you don’t pay close attention to the withdrawal terms, once the bonus is activated, you’ll definitely get trapped, realizing you have to wager your funds tens of times over or on top of that and there’s a maximum win limit. This is probably what the casinos take advantage of, because not all gamblers pay close attention to the terms and conditions of casino bonuses, most are more interested in the bonus itself, LOL.

[Moreno233]

I can see some people on that this thread thinking that it is all gambling sites: 1x wagering made sense

They are thinking that the 1x wagering requirement is for every gambling site, but that is not true. There are some gambling sites that are KYC that require 0x which may not be common.

There are some gambling sites that have less than 1x. Example is Duelbits that it is 0.1x. You can see that under section 5.3 of duelbits terms of service.



Which other crypto gambling sites do you think have less than 1x wagering requirement?

I would have loved to see the gambling site that require 0x as wager on deposits. Even the 10% wagering requirement is low but fair because if casinos do not enforce this wagering requirements, the platform will definitely be used for cleaning operations and that might bring troubles to the casino. Imagine sending stolen funds to a casino and getting clean cryptocurrency, there is no way the casino can easily be exonerated from the crime because they will be accused of colluding with the scammers.

[Swordsoffreedom]

Just imagine, without 1x wagering requirement, people would simply use crypto casino as fee free crypto mixer. No casino would want to come under scrutiny of Chainalysis and regulator and be branded a hub for wash trading and money laundering. In my opinion 1x turnover is sweet spot, it doesn't cause much hassle for legitimate player, yet it somewhat curb fraudulent activity. If any casino offer 0x or 0.1x, rest assured they are employing high level KYC or strict risk analysis on backend. TBH 1x wagering requirement is nothing for regular gambler.

[Charles-Tim]

Just imagine, without 1x wagering requirement, people would simply use crypto casino as fee free crypto mixer. No casino would want to come under scrutiny of Chainalysis and regulator and be branded a hub for wash trading and money laundering.

This is not about wash trading. Wash trading is one of the crypto manipulations and has nothing to do with this discussion. But you are right about money laundering. Wash trading is when a trader that has huge amount of money is using many trading accounts to buy and sell himself an asset like a low marketcap altcoins, which can fool some people to buy the coin and used to manipulate the coin price.

[Jaycoinz]

Only Duelbits have a 0.1 x wagering requirement, right? You can check most of the casinos in the forum, on average apply 1x wager to be able to process withdrawals.

I've done a little research just now... Sportsbet, Rainbet, Whale, Vega, Betfury and some other casinos apply 1x wager.

Some I didn't check... but I'm pretty sure the majority of casinos have requirements like the one I mentioned 1x.

Yes, there are lots of casinos that have the a wagering requirement of 1x but as for 0.1x I'm not so there are casinos that offer this asides drom duelbits. I have done a little research on this and I'm still searching for casinos that have this same wagering requirement. I don't think that any casino would offer such a small wagering requirement without having any terms and conditions to it, no casino can just make things that easy for players.

[Localhostspeed]

There is this local casino I have used that also have just 1x wagering requirements to initiate withdrawals from their platform and most time this is what actually makes me use them.
However, it's very easier to make minimal deposit such as less than a dollar to gamble,
Considering the conversion rate to our currency. But it's good to know that Duelbits also have It very low as well.

I know many casins too but it's just 1 wagering requirements but I have this casino that is fiat based. They allowed on fiat deposit and withdrawals and if you make deposit and don't want to gamble, you can take your money out of the casino without any wagering requirement. I don't know if other casino with fiat deposits and withdrawals requests for that condition, I'm not sure but I remember I have withdraw a couple of times without any problem.

Casino are doing this to mitigate money laundering. When you make deposit to casino, the money goes straight to their hot wallet and because the casino knows about how kyc can be faked, they ask for this requirement so they don't use them to exchange money. Even casino that that does not require kyc do ask for this requirement too.

[Outhue]

Only Duelbits have a 0.1 x wagering requirement, right? You can check most of the casinos in the forum, on average apply 1x wager to be able to process withdrawals.

I've done a little research just now... Sportsbet, Rainbet, Whale, Vega, Betfury and some other casinos apply 1x wager.

Some I didn't check... but I'm pretty sure the majority of casinos have requirements like the one I mentioned 1x.

Either 1% or more there is no way to avoid it, you need to atleast wager before you can be allowed to withdraw money, it's one of the simplest task to complete on any online casinos, but this Duelbits own is even looking more interesting because I've never seen wagering requirement this lower before, pretty impressive, I guess this can attract some certain set of people.

[Emitdama]

I can see some people on that this thread thinking that it is all gambling sites: 1x wagering made sense

They are thinking that the 1x wagering requirement is for every gambling site, but that is not true. There are some gambling sites that are KYC that require 0x which may not be common.

There are some gambling sites that have less than 1x. Example is Duelbits that it is 0.1x. You can see that under section 5.3 of duelbits terms of service.

I have never seen a casino platform with 0x wagering requirement while also being compliant to AML and KYC rules, because it wouldn't make any sense. Anti-money laundering rules don't allow casinos to have a 0x wagering requirement for a normal deposit because that would allow anyone to use casinos for non-gambling purposes as mentioned in the picture you shared, and this is also the first time I'm seeing a platform that only requires 0.1x wagering for a normal deposit without any bonus, because this also doesn't make any sense, because a 10% wager of the total deposit is nothing, it can be completed pretty easily, which doesn't even serve the purpose for the imposed requirement.

For most casino platforms I have used in my life, the requirement is mostly 1x, or in rare occasions, it might even be higher than 1x, maybe 2x or something, because some casinos have the tendency of using every tactic they can to make their gamblers lose their money instead of being able to win something and make a withdrawal immediately, because if the gambler deposits $500, completes the 1x wager, or 0.1x wager, and then some $100 over the deposited amount, they can easily just withdraw $600 and leave, and a lot of gamblers can do such things if they see the wagering requirements are very low.

[Bitcoin_Budha]

I would have loved to see the gambling site that require 0x as wager on deposits. Even the 10% wagering requirement is low but fair because if casinos do not enforce this wagering requirements, the platform will definitely be used for cleaning operations and that might bring troubles to the casino. Imagine sending stolen funds to a casino and getting clean cryptocurrency, there is no way the casino can easily be exonerated from the crime because they will be accused of colluding with the scammers.

Rules are always for safety and security of society casinos are having enough space for doing things off the track just because of this regulations done and mostly are always stay on track because they understand if they are not going to do things as par their requirement they are going to be face serous problems.
Money laundering is one of the serious problems in recent times. Things are getting worse because money is used for things that have never been favorable for humanity and society. Even this required wagering is just for the purpose of washing things, but more strict actions also need to be done because it's always needed for better results.

[Cantsay]

One mistake gamblers make is assuming that because a casino offered them an excellent service, every other other casino should follow suits which doesn't always end that way and that is why I would prefer people verify their informations rather than just assume.

If a gambler fails to read the terms and conditions of a casino because they have played something similar in a different casino and because of that it should be the same terms, they would only end up creating multiple accusation threads for different casinos because they are going to see different things.

This is also why it is nice to stick to one site and not jump from one to another because of offers, because you are going to see something different and that would only lead you to call them a scam, while in reality it was you who didn't read the terms to know how that site does its thing.

[o48o]

-cut-
There are some gambling sites that have less than 1x. Example is Duelbits that it is 0.1x. You can see that under section 5.3 of duelbits terms of service.
-cut-

I went to research ToS and other fine print from duelbits, because i am pretty sure that wagering limits depends on if it's a deposit or a bonus you are trying to wager for withdrawal. And in the case of 0.1x it's for deposit. I can't find anything specific about bonus prize requirements in there

And i am certain that requirement depend of the currency you are depositing / withdrawing. Like for fiat money purchases it's going to be different.

As a side note, while reading ToS, i fell into rabbit hole and found out that most big crypto casinos are saying that they aren't financial institutions. I don't know if i have missed out something, but i have been taught that especially all big casinos are financial institutions. It's weird and i want to look into it, but that might affect on their needs for AML regulatory compliance as well.

[Iranus]

And as it stands now, this casino stands to be a low deposit risk free casino.

Ehh, having 0.1x requirement is certainly user friendly. However, calling any casino low-deposit, risk-free casino based on this is a bit of strong conclusion, imo. Withdrawal risk does not depend solely on wagering requirement. Account review, source of fund, transaction pattern, restricted jurisdiction, bonus term these factor can also be relevant at the time of withdrawal. Even at 0.1x, if  player's balance is large then actual risk does not disappear completely. In this case, only real advantage is that, in any event of accidental deposit, unnecessary exposure is reduced. However, saying 0.1x is risk-free is not same as saying 0.1x is lower friction. No one deposit into casino to withdraw right after his deposit.

[sunsilk]

And as it stands now, this casino stands to be a low deposit risk free casino.

Ehh, having 0.1x requirement is certainly user friendly. However, calling any casino low-deposit, risk-free casino based on this is a bit of strong conclusion, imo. Withdrawal risk does not depend solely on wagering requirement. Account review, source of fund, transaction pattern, restricted jurisdiction, bonus term these factor can also be relevant at the time of withdrawal. Even at 0.1x, if  player's balance is large then actual risk does not disappear completely. In this case, only real advantage is that, in any event of accidental deposit, unnecessary exposure is reduced. However, saying 0.1x is risk-free is not same as saying 0.1x is lower friction. No one deposit into casino to withdraw right after his deposit.

I agree, there's still risk attached to it even with that low wagering requirement. But that's better than the other casinos who's asking that much.

I think what we're seeing right now is that the casinos are also adjusting these days and they're getting the pulse of the gamblers of which one is being preferred by the majority.

And so, we might see more trend of this change for the other casinos that will follow the same adjustment of their wagering requirement.

[Royal Cap]

Ehh, having 0.1x requirement is certainly user friendly. However, calling any casino low-deposit, risk-free casino based on this is a bit of strong conclusion, imo. Withdrawal risk does not depend solely on wagering requirement. Account review, source of fund, transaction pattern, restricted jurisdiction, bonus term these factor can also be relevant at the time of withdrawal. Even at 0.1x, if  player's balance is large then actual risk does not disappear completely. In this case, only real advantage is that, in any event of accidental deposit, unnecessary exposure is reduced. However, saying 0.1x is risk-free is not same as saying 0.1x is lower friction. No one deposit into casino to withdraw right after his deposit.

Those who deposit money in casinos for instant withdrawals are not actually depositing money to play casino games. They are depositing their money there to launder it through casino. And this is why most casinos have introduced the 1x wagering policy. This is basically an anti money laundering policy, as a result of which if someone deposits their stolen funds in the casino, they have to at least do One X Wagering so that they cannot abuse this casino and it falls under a law. So if someone is a real casino player, 1x wagering should not be a problem for them, because they have deposited money there to play casino games.

[Questat]

They are thinking that the 1x wagering requirement is for every gambling site, but that is not true. There are some gambling sites that are KYC that require 0x which may not be common.

Thank you for your research, but honestly i don't think this discussion is quite significant anymore.

I mean no offense, if we are gambling regularly, we will not be thinking too much about this minimum wagering requirement, because when you deposit in a casino you expect to use that money, or worst case you have to accept the loss. you don't deposit $100 and then lose $10 and withdraw the balance, that's insane. 

[serjent05]

Only Duelbits have a 0.1 x wagering requirement, right? You can check most of the casinos in the forum, on average apply 1x wager to be able to process withdrawals.

I've done a little research just now... Sportsbet, Rainbet, Whale, Vega, Betfury and some other casinos apply 1x wager.

Some I didn't check... but I'm pretty sure the majority of casinos have requirements like the one I mentioned 1x.

Either 1% or more there is no way to avoid it, you need to atleast wager before you can be allowed to withdraw money, it's one of the simplest task to complete on any online casinos, but this Duelbits own is even looking more interesting because I've never seen wagering requirement this lower before, pretty impressive, I guess this can attract some certain set of people.

0.1 x is equivalent to 10% not 1%.  10% wagering for me is a generous offer as a requirement in order to withdraw funds that were deposited.  Of course 0% wagering is the best but the question is, is there any casino that implements a 0% wagering requirement for the deposits to be withdrawn?  Probably in previous years, but today, I have not seen that kind of setup exist though one of the reply states that some KYC gambling sites require 0x wagering.

90% lower requirement for deposit withdrawal is indeed eye-catching. Those who have the intention of washing their funds will surely go after this setup. 

[Obulis]

Any wagering that's less than 1× is a serious plus for the gamblers. Wagering somehow seems unfriendly mostly when it is that high but can be seen as company policy whether higher than 1× or less than 1×.

I believe duelbits wagering will for sure encourage customers because that appears to be more friendly than the others even as it's all collective or a general policy in the gambling companies.

[5W-KILO]

I hope you know that there are some with higher wagering requirements than just 1x? For deposits, 1x seems to be the highest that I have seen, but when it comes to bonuses, there are so many casinos out there with some kind of requirements that would instantly just kill your interest in that bonus, imagine having to wager 35x and then still only be able to withdraw just 5x as the max withdrawal from that casino.

In my opinion, the wagering requirements that must be met for casino deposit bonuses are pretty crazy, just imagine that the amount you have to wager can be tens of times the bonus amount. The problem is if you don’t pay close attention to the withdrawal terms, once the bonus is activated, you’ll definitely get trapped, realizing you have to wager your funds tens of times over or on top of that and there’s a maximum win limit. This is probably what the casinos take advantage of, because not all gamblers pay close attention to the terms and conditions of casino bonuses, most are more interested in the bonus itself, LOL.

That's true and most times it always leads to complete drain of the account balance, gamblers who looks into bonuses most of the time are either beginners who can't tell the differences or those who don't know what they are doing.

Bonuses are mostly not worth anyone's time and once you make deposits on the casino always know that it's gone, that is why you must not deposit money you aren't ready to lose.

[Comeacross]

Although this isn't directly related to standard turnover requirement but it is quite interesting.

I once deposited $50 into Rollbit. To withdraw the fund I was required to clear 1x turnover by betting the full $50 amount. Then I jut went to Rollbit's Crypto Futures section. I selected my $50 balance for Bitcoin and applied 10x leverage. I immediately opened a small Long position and closed it within just few hours! In an instant, my future trading volume hit more than $500, I can't recall correctly.

After that, I was able to withdraw my fund directly to my wallet without any hassle regarding 1x turnover requirement . I’m not sure if this method still works, though.

This method should still work but it's too risky in my opinion.

My method is more simpler but I don't know if it works in every platform, but it work for me always. If I made a deposit and later changed my mind to withdraw it, I will just pick some games on live market and then place the full amount then request for cash out immediately. Although you'll lose a few cents depending on timing but this method usually work for me. Bet is considered settled if you cash out, doesn't matter how long.