As we know that most gambling sites will require you to gamble and wager your whole balance once, before you can cash out or withdraw from the gambling site and they take this measure so people do not do money laundering whereby deposit and withdraw without gambling.
This kind of requirement by those gambling sites as measure to tackle money laundering also puts innocent and clean money owners using such gambling sites in a disadvantageous position. This creates a wide window of opportunity for the gambling site to gain much as chances are that large numbers of losses is highly possible, a ratio of 70:30. And this includes both normal gamblers monies and those of launderers.
Now the point here is that on the gambling site, there are many easy winning bets with odds like 1.01x etc. If the money lauder is sensible he can easily be wagering the whole amount by placing a few bets where the odds are very low and the winning chances are 99%.
So does this mean that there is a loophole here and the money launderers can easily by pass this wagering requirement?
Those small odds doesn't guarantee you will win your bet as there are no easier or cheap odds in gambling, you just need to be lucky enough to pick the right odds with the right prediction else you would consistently be losing every wager you place. We just got to avoid gambling sites that requires us to make wagering of total amounts in our account before we can make withdrawal, IMO, such requirement is far worse than that of kyc.