Withdraw limits

[doomed4ever]

Ok Im not gambling much at the moment as Im on a big round of travel so have closed the few accounts I use until I return. This has also given me the time to check out and think about what makes me gamble at a casino or not. My main biatch has to be withdraw limits (and yes I know this subject has been covered here many times but ...) example they have few limitations on the amount you can deposit and even those casinos that do then im sure if your a high roller with the right documents verfication etc you can easily increas you deposit limits. So if I deposit say 10k in a session then why would a casino think it is within there right to withhold payment over a number of weeks and split a payout above the 2 or 3 or 5k max weekly cash out that seems to be the norm for say most RTGS. I just dont get it. Now some home truth. In the past 6 months I low rolled at a number of casinos a few 100 to 1k per week max (approx) I can if i wanted to up the stakes as I have disposable income but the main thing that puts me of is the fact of so many casinos with Terms and cons that limit the amount payable on each withdraw. I wont name any casinos here as I dont want to bash. But it is a fact. The past 2 weeks I have visited 2 Land based casinos in different parts of our wonderfull globe, first visit busted me nuts and dropped 7k 2nd casino I hit lucky and cashed out over 22k. On cashing out I was paid cash - hard notes no questions asked. I then prceeded to spend around 250 in the bar having a blast - then hit the sac. What the frig is the difference with online casinos ? and why do people accept this ? To say its due to secuirty measures is pure bull .. yep this is a rant aimed only at those casinos who i will refuse to bet big with becuase of this kind of term. Rant over ... phew. Peace n love Doomed

[love2winalot]

Hiya: imhop I think it is because, Land Based Casino's must have a certain amount of money on hand at all times, and must pay out Cash. It is the Law.

Internet Casino's are not bound by, Law, and thus, kind of do what they want to. There is no Law forcing them to pay all winnings at one time. And who know's how much money they have on hand at any one time?

[Jasminebed]

Perhaps for those casinos with cashout limits, terms should be something along the lines of:

Withdrawals shall be limited to $5,000 per month, or 1/12 of total deposits in the last 12 months WHICHEVER IS GREATER. All progressive jackpot wins will be paid in full.

This would allow those higher rollers to receive their monies in a more reasonable time frame.

I think if I was a high roller, I would pay great attention to whether a casino had any cashout restrictions.

All the progressives are collected from player funds and paid to the casinos by the software provider, so there is ABSOLUTELY NO EXCUSE for them to withhold these funds from a winner...it does not affect their cashflow situation at all.

[RobWin]

Perhaps for those casinos with cashout limits, terms should be something along the lines of:

Withdrawals shall be limited to $5,000 per month, or 1/12 of total deposits in the last 12 months WHICHEVER IS GREATER. All progressive jackpot wins will be paid in full.

This would allow those higher rollers to receive their monies in a more reasonable time frame.

I think if I was a high roller, I would pay great attention to whether a casino had any cashout restrictions.

All the progressives are collected from player funds and paid to the casinos by the software provider, so there is ABSOLUTELY NO EXCUSE for them to withhold these funds from a winner...it does not affect their cashflow situation at all.

I hope you will take a few minutes and really think about what you said there real carefully and come back here and refute what you said there, otherwise you are backing us all up by about 10 years here..

[doomed4ever]

Perhaps for those casinos with cashout limits, terms should be something along the lines of:

Withdrawals shall be limited to $5,000 per month, or 1/12 of total deposits in the last 12 months WHICHEVER IS GREATER. All progressive jackpot wins will be paid in full.

This would allow those higher rollers to receive their monies in a more reasonable time frame.

I think if I was a high roller, I would pay great attention to whether a casino had any cashout restrictions.

All the progressives are collected from player funds and paid to the casinos by the software provider, so there is ABSOLUTELY NO EXCUSE for them to withhold these funds from a winner...it does not affect their cashflow situation at all.

Withdraws limited to 5k per month ? I have only seen that on 2 or 3 casinos and its such a joke makes me laff out loud. Their is zero excuse for a casino to withhold any funds - period. If I hit lucky and win 40k I want the 40k paid back to my account within days. All you are saying is helping those Casinos keep on using such abusive terms and conditions. Alot if not most RTGs (even accredited ones) have this clause for 1 purpose only. In that if you win big then you will reverse part of the withdraw while you sit around waiting weeks for the payments to processed. Thier is no other reason at all. And from the Casinos point of view it makes good business sense. As when I dropped a 6.5k RJ on a rtg. It would have taken around 3weeks to get the total. In the end I got around 4k and reveresed the rest. The casino was happy But that same Casino has never ever had another deposit from me and never will with these terms. I recon they lost around 10k in deposits from me becuase of this. It was fine as I gave that money to another network who have no such restrictions. The casino should be kicking themselves now. I cant wait for the USA to open up again which will stop all this bull and I think at least half the new starts up will fail within the next 12 months if this is the case.

[Jasminebed]

The figure of $5,000 per month is just an example. But that was the monthly limit at Bettercasino, until recently accredited at CM. The removal of its accreditation was because that limit included progressives, not because of the limit itself.

And 1/12 of total deposits, to give a monthly average, is just an example as well. Perhaps 1/4 of total deposits over the last 3 months to average a player might be better?

And please note, it is to be the higher of the two sums.

I am aware of cashout limits where I play, and I would not be hitting large sums by any means other than a progressive win.

I suggest that the high rollers vote with their wallets and patronize casinos which have withdrawal terms favourable to them.

I think that is true for us low rollers too.