I recently discovered that I signed up for a casino without thoroughly reading its terms and conditions agreement. But of course this was entirely my fault even that I am still bothered by the withdrawal requirements on deposits. It is well known that deposit bonuses or any bonus offered by a casino will have wagering requirements that goes to x50 or more. What truly concerns me is the 5X wagering requirement on normal deposits without any bonus in order to withdraw the initial deposit or winnings.
To clarify things better here is an example : if you were to deposit $1000 and win $200 in your first few games then you wouldnt be able to withdraw your winnings or even your deposits without wagering at least $5000. This means that 80% of the time, you would lose your money before reaching the required amount.
In my opinion this term is unfair. I am not attacking any specific casino, but I do believe that if users were aware of these requirements they would be less likely to deposit their money in such casinos since there are other casinos without such stringent requirements.
Wow. That's a lot of percentages to gain first before you take out your initial investment capital with that game. Unless you gamble luckily on short period of time, you will reach that wagering requirement. They are holding your fund and you feel not in control of your own money. That simply means the casino puts a lot of pressure to the players and let them gamble irresponsibly from unrealistic goal and expectation.
Bonuses won't compensate for the money lost if it's gambled irresponsibly.
Well, we actually lose control of our money the moment it leaves our non-custodial wallet to move into a casino, not peculiar to gambling casinos though, it is the same for centralized exchanges and other businesses that are centralized..
This is why I said, earlier that, most times, deposit bonuses and other forms of bonuses are kind of a trap, a strategy most casino use to hold the gambler to some kind of ransom, this is one of the reasons I dont seem to pay attention to bonuses most times., because it's hard for any casino to offer a bonus without any strings attached.
For this reason it is said that once our money has left our wallet and we enter it into a casino or an exchange, that money is no longer ours, and it is our responsibility to use it for what it is and to be able to win and withdraw with success , but when we trust high-level casinos I think there is a little more security and confidence there , for example I know that freebitco.in is a casino that has always promoted its site as a wallet and that it gives annual profitability, in which In the case of stake.com, it is also a casino where we can Protect our money and enjoy some security , of course , taking into account security Resources such as 2FA.