Rant about instant withdrawals...

[johnsteed]

Hello Casinomeisters,

Obviously, I would assume that 99.99% of the online gaming community (closer to 100% than to 99.99%, but there are crazy people out there ) would prefer to have instant withdrawals as opposed to waiting for even a day. While it certainly feels great knowing that you can get your wins instantly, I think there's something just as... if not more important than collecting wins.

Personally, I have these strong feelings about how I know I'm not going to win after playing for a few minutes. Lately, I generally make $100 deposits at MG casino's (whereas I used to make the majority of mine in the $20-50 range). The problem when you know you're going to lose (as I'm sure some of the other posters would share these same feelings), while you can withdraw, you have to wait a day or two to get those funds back. Sure, it's not that long of a wait, but sitting there while playing, you're more than likely to keep playing through JUST because you'd rather be occupied (with futile hopes of winning) than to have to wait another day. When you're at a casino, you can go grab a drink, and switch tables.

For me, the best game at figuring out IF I'm going to have a winning session or a losing one is BJ. To many people, my reasons are likely to appear as fruitless. But I know I'm not going to be doing much winning IF:

- The dealers bust cards routinely end of being 20's and 21's.
- The player draws bust cards (less than 6) on the majority of doubling up situations WHILE the dealer is showing a bust card. For eg. I have 2 and a 9, and the dealer is showing a 4. I double-up and draw a 3, and the dealer draws a 10 and a 6. Either way, I would have lost.
- The dealer routinely puts together 19-21's with 4-5 cards, while the player generally busts on 3 cards (and can't ever have similar luck as the dealer).
- When the rare BJ's that the player gets results in a push, ditto on 21's.
- When hitting on anything equal and higher than 12 results in drawing a face card, yet hitting on 8-10's results in drawing low cards.
- Splits on A's and face cards consistently result in either a loss or a draw (or even money, let's say a win AND a loss).


When you see these things occuring after a short amount of time in succession, it's not likely to change over the course of a full-session (at least in my long-term experience). So, ideally, if this is happening at Capital Casino for example, I'd love to take what's left of my credit and go over to Spin Palace and try my luck there.

I accept losing, generally expect to lose, when I win, that's super (that's why I play BECAUSE that's the fun in it). But for me, my instincts tell me when I'm not going to win somewhere, and that this particular casino has dried-up for me for the time being (generally after making 1-2 substantial withdrawals). I know MANY people who'll disagree with this, and that ALL MG's play-out the same way. That may very well be true, and there may be great statistics to back that up. I feel differently about that very subject though.

Another note, I've often read about how some of the online gaming community prefers having the reverse-withdrawal option. I read 10% prefer having that option. Since when is 10% of anything in a poll, ENOUGH to keep an option around? These polls that are "really" done:

- Who's voting?
- Who REALLY wants the reverse withdrawal option?
- And if that person REALLY wants that option, is that opposed to merely flushing or say, instant withdrawals? Because, that's a huge difference.

If there is a faction of people out there in the world who would rather have reverse withdrawals as opposed to instant withdrawals, I'm finding that hard to believe. Frankly, that doesn't even make any sense. If Phoenician can offer instant, if Extreme can offer instant, why can't this be the standard then? We hear all these wonderful reasons as to why it can't be done, but why are these smaller operations able to do it (I assume they WERE smaller operations PRIOR to offering instant)?

[bpb]

This seems more like a rant about your lack of belief in probability ....

[DarthVader]

I'd like instant withdrawals whenever I'm losing.

[johnsteed]

bpb

This seems more like a rant about your lack of belief in probability ....

Hello bpb,

In some ways, yes, you're correct. My main point though, was that while most online players would love the option for instant withdrawals when they win, I feel just as strongly to have that option for when one's losing. When I know I'm losing big, and I feel that I'm in a middle of a shit-storm, I would like to take what's left and go to another casino. And.... do all of this in about 10 minutes time (withdrawal, and deposit).

I used BJ as an example of when (in my experience) I see things going sour. I can think of various sessions of Thunderstruck, not getting any bonus sessions in over 800 spins, and then getting little when the bonus round does hit. Same thing for Tombraider, going 300 spins with no bonus round OR aztec statues. Or VP.

When I feel that a casino is cold, I would much rather take that money out and deposit somewhere else than to continue playing at that specific place. I don't want to always sit around waiting for my faith in probability to play it's role. For me, when things are going South, they stay on course more often than not.

[dickens1298]

My "definition" of instant withdrawals is not so much that it is "instant", but rather how many days the cash is unavailable to me (eg "in transit"). The distinction is important because those are funds that are unavailable to be "in play" - either earning interest, serving as investment capital, or for gaming purposes. Under that definition, I have found the Crypto casinos the best, with the "downtime" being merely a day. For instance, if I deposit Friday morning, and cash out later in the session, I would see the debit in my checking account on Monday, but the winnings credited to the account on Tuesday.

For that reason, I have an aversion to Casino-On-Net and Bodog, both of which seem to have 5 day waiting periods.

As for your earlier comments, they seem to deal more with a lack of discipline (which we all suffer from to some extent) than anything else. OF COURSE the casinos offer a REVERSE option - they WANT you to play out your winnings (or the remainder of your stake). Why become sucked into that particular maelstrom when you're already guaranteed money? In a similar vein, why continue playing if you "know" you're going to lose?

[Macgyver]

Someone couldn't keep their accounts straight, methinks ...

You had to be here before the edit to know what I mean.

[johnsteed]

dickens1298

For that reason, I have an aversion to Casino-On-Net and Bodog, both of which seem to have 5 day waiting periods.

As for your earlier comments, they seem to deal more with a lack of discipline (which we all suffer from to some extent) than anything else. OF COURSE the casinos offer a REVERSE option - they WANT you to play out your winnings (or the remainder of your stake). Why become sucked into that particular maelstrom when you're already guaranteed money? In a similar vein, why continue playing if you "know" you're going to lose?

Hi dickens1298,

Well, yes, I for one lack a great amount of discipline. I've only stopped and withdrawn while in the red maybe 5 times. So in the end, I more often than not continue playing in hopes for the best (with futile results). And yes, the casino's obviously want you to stick-around, because MANY people will reverse the withdrawal and lose their funds (and let's not forget, perhaps winning much more ). I don't expect casino's to start changing their withdrawal periods, but it would REALLY please the player.

[rudepete]

I too favor instant withdrawals. I have played at Extreme and see I am on a losing streak and want out of there fast and go somewhere else or take advantage of a bonus somewhere else and have more money to play with.
It just doesn't make sense why some casinos offer it and some don't.
Probably would have to have more people to man the lines.
I hate reverse withdrawals and am glad that some casinos flush me instantly, so I Can't reverse it. Thus I have money to play another day.

[schnozzy]

Originally Posted by bpb

This seems more like a rant about your lack of belief in probability ....

I try to be logical about this stuff, but I'm not.

If I'm doubling a win at Good To Go, I break out my lucky deck of cards, shuffle it up, then peel cards off the top of the deck to pick red or black.

If I'm doubling at video poker, I take that same deck of cards, deal four cards face up, then I choose the highest one, and click the same one on the screen.

Is it logical? Absolutely not. But y'know what... it's fun.

[venetian]

Johnsteed, I agree with you 100%. I play VP and you know in a very short time if it will be a winning session. I would love to get my funds back and go elsewhere. Bellerock did a survey recently to see if anyone would like to use the Bellerock Buddy to be able to transfer their funds between their many casinos. Yes that would be great. (But I am upset with them for now so I am not playing there currently). So if the large group casinos would do that I think that's great at least that would be a start. I have always felt...our money goes to them right away, why can't we get it back right away?