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.
"If it looks too good to be true, then it probably is". There's a reason that many gambling sites out there can offer these supposedly huge promotions, where they dangle $500 of "free" cash in front of players. In reality you have to wager it so many times that you'll fall victim to the natural losses that a casino will inflict on your bankroll. However the casinos are banking on you ignoring all the losses and becoming conditioned to playing their selection of games, with all the triggers and habit forming behaviors that come out of it. Even if you do end up with 50 bucks left, they know that you'll likely just return it straight back to them. Quite often they force you to play your deposited money first as well, so you'll lose that long before the "free" cash disappears too.
They would really be making it as much as possible to be that interesting for them to hook up those gamblers to deposit into the platform and would really be able to get those bonuses and diving it out which we know that
it is really that kind of deceptive kind of approach on having these kind of things but in the sense that they are giving out those kind of terms and conditions then it would really be just depending on a certain gambler whether they would be activating these bonuses or not according to their likes but since you are a noob then you would directly be getting these bonuses and on the time that you cant be able to withdraw just because you hadn't able to reach out such threshold then this is where you have realized that it was really that a huge mistake that you have taken that bonus.