Mr smith casino withdrawal issue.
#1
I don't have a great deal of time so this may seem short..but has anyone had an issue withdrawing money because 'you haven't turned over your money? '

Basically I made a 3 figure deposit and went 150 down. Got a feature which paid about 450. So 300 up. I then withdrew it as was quick profit. 
Next thing I get an email saying I need to wager my money once before I can withdraw it! I didn't tie in to any bonus or anything. So  bbasically if you deposit 10 grand, you have to wager 10 grand before you can withdraw it. It's madness and never knew this was a thing. Anyone any advice? I'm pretty stuffed at the moment.
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#2
(10-15-2016, 08:33 AM)w1ckedw1lly Wrote: I don't have a great deal of time so this may seem short..but has anyone had an issue withdrawing money because 'you haven't turned over your money? '

Basically I made a 3 figure deposit and went 150 down. Got a feature which paid about 450. So 300 up. I then withdrew it as was quick profit. 
Next thing I get an email saying I need to wager my money once before I can withdraw it! I didn't tie in to any bonus or anything. So  bbasically if you deposit 10 grand, you have to wager 10 grand before you can withdraw it. It's madness and never knew this was a thing. Anyone any advice? I'm pretty stuffed at the moment.

Sounds a bit naughty.

I've found this in the terms 

You agree that funds in Your Account must only be used for playing the Games found on the Site. If you request a withdrawal without turning over an amount that is equal or more than the amount deposited we can charge a fee on this withdrawal. We can reject a withdrawal request if we suspect that funds are being withdrawn for any fraudulent or money laundering reasons[/quote]

They're basically using money laundering worries to force you to bet more
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#3
Is this common knowledge around casino sites? I've basically gotta pay 5% on 3326 to take my own money back? So I've won 326 profit but having to give half of it back to take my own money. Sounds flipping criminal.

Thanks for taking the time to look. But be aware on this site anyone. I'll be deleting my account. What great service
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#4
Tell em to fuck off, how can they charge you on your own winnings. To me it stinks of, we'll make you play through with a chance you will spunk it all back.
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#5
Loads of sites do this now mate, check t and c's before playing in case u get burnt..they basically don't want you using the casino as a bank,play through a bit first before you trying to withdraw
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#6
Just find out how much you need to wager then low roll it on 20p bet the profit you have should be enough to leave you still in profit or evens and then withdraw and close account. Dirty trick but they know most gamblers won't read Ts and Cs
Take me back to the paradice city where the drinks are free and the slots are pretty, oh wont you please take me home...yeaaaahhh
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#7
Cheers boys. Just feels fucking wrong to be on the receiving end of such dodgyness. As if they don't make enough money, they want part of your winnings back for not betting enough! That would go down a treat in real casinos. Do you think if you deposited 5k and then lost 500, that you wouldn't be able to withdraw your 4.5k then?
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#8
Seems a little silly, but since lots of sites now offer facilities with multi channel deposits and withdrawals it seems like the only way it would fit into the legal framework.

just play out blackjack at min stakes or anything low varience?
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#9
Yeh I think I'll try some low stakes and see how it goes. Or the other option is to pay the 5% which means handing them 160 odd quid and at least I've got 160 profit out of them. A bit of karma would be nice and walking away with even more profit if I go for the gamble option
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#10
I think they're taking the piss there. You bet £150 and won £300. If you did that in Ladbrokes they would pay out immediately.

I understand if they give you a free bet you have to churn it but not winnings on your real money stake.

How much did you pay in? Maybe the machine doesn't think you gambled your entire stake yet.
Ed
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#11
It's a complete and utter piss take but it's their t's and c's so don't stand much chance arguing. I deposited 3k. The email they've sent after my withdrawel attempt, clearly states that I needed to wager the 3k (or whatever you've deposited) before you can withdraw. So just be warned that I guess. They must make a fortune out of this alone. Oh or I can pay a 5% fee of the withdrawal amount. Imagine I'd won a few grand!
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#12
This is an industry wide standard clause when depositing. You'll be hard pushed to find a site that doesn't have this clause regarding deposits. As mentioned, it's to avoid money laundering and also to make sure banking costs of depositing/withdrawing don't go through the roof from the casino's side.
As you are not playing with a bonus, you can pretty much wager how you like now to complete the wager requirement. If you were on a bonus, even then they might have something to say about low rolling after a big win to complete WR and some casinos have refused a withdrawal when people have drastically reduced bets to complete wagering on a bonus.
No such issue for you. I'd just fire up Bloodsuckers and stick it on auto. It's a very low variance game, but remember even low variance games can suck ass at times.
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The following 1 user Likes kidgloves's post:
playford7
#13
Oh. I thought you'd made a three figure deposit. It's clear that if you've deposited three bags you need to churn ask that before you can withdraw anything. That's harsh but makes more sense. Only deposit what you need from now on
Ed
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#14
(10-15-2016, 04:15 PM)Boulderdash Wrote: I think they're taking the piss there. You bet £150 and won £300. If you did that in Ladbrokes they would pay out immediately.

I understand if they give you a free bet you have to churn it but not winnings on your real money stake.

How much did you pay in? Maybe the machine doesn't think you gambled your entire stake yet.

Pretty sure ladbrokes have a simular term, since you can deposit and withdraw cash in shop.
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#15
Oh. I thought you'd made a three figure deposit. It's clear that if you've deposited three bags you need to churn all that before you can withdraw anything. That's harsh but makes more sense. Only deposit what you need from now on
Ed
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#16
(10-15-2016, 05:52 PM)Boulderdash Wrote: Oh.  I thought you'd made a three figure deposit. It's clear that if you've deposited three bags you need to churn all that before you can withdraw anything. That's harsh but makes more sense. Only deposit what you need from now on

Yeh my mistake. I meant to say 4 figure. I only deposited that as it drives me nuts doing 500 say then having to re deposit and reload etc etc. I tend to deposit what I can afford to lose in order to avoid this. Obviously wanting to win before doing the lot, hence the withdrawel. Of all the years gambling online I've never been in this situation so didn't know it was a thing. I bet  (lol) that a lot of others didn't and still don't know this is industry standard.
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#17
Have u competed wagering on the other deposits you made mate?..I mean wagering the balance u deposited
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#18
(10-15-2016, 05:44 PM)kidgloves Wrote: This is an industry wide standard clause when depositing. You'll be hard pushed to find a site that doesn't have this clause regarding deposits. As mentioned, it's to avoid money laundering and also to make sure banking costs of depositing/withdrawing don't go through the roof from the casino's side.
As you are not playing with a bonus, you can pretty much wager how you like now to complete the wager requirement. If you were on a bonus, even then they might have something to say about low rolling after a big win to complete WR and some casinos have refused a withdrawal when people have drastically reduced bets to complete wagering on a bonus.
No such issue for you. I'd just fire up Bloodsuckers and stick it on auto. It's a very low variance game, but remember even low variance games can suck ass at times.

Bloodsuckers is a class wager buster, beware tho as that and doa are excluded from many a casino Smile
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The following 1 user Likes playford7's post:
adamtheaddict
#19
(10-15-2016, 06:55 PM)playford7 Wrote: Have u competed wagering on the other deposits you made mate?..I mean wagering the balance u deposited

I only made one deposit mate which was 3k. It's what I could afford to lose but bailed with a quick profit, or so I thought. I got it quite quickly so would imagine I've got at least 2500+ to wager before I can withdraw. I would send them an email about how shit this is but it won't make a difference and they won't give a shit. If I go for the wagering option, there is a chance I could walk away down, so not sure about it.
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#20
Just back a bunch of dead cert horses and you're likely to win a little...
Ed
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