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.
Every casino needs to cover its costs in some way and obviously this is only possible to be obtained by the bets that users place on the site.
So, if you just deposit money and then try to withdraw it, you will certainly be causing damage to the site because you have already used its infrastructure, the money probably went through the processing of other companies (if the deposit was made in Fiat), so this generates costs.
In addition to the fact that with this obligation to place at least X bets, they greatly inhibit the practice of money laundering, in which you would be using the site simply to convert dirty money.
Anyway, you already blamed yourself for not having read the terms of use, I just wanted to clarify why this restriction exists.... some sites are less strict, require 1x or 2x, others are more "complicated" and I believe let it be just to get more profit.