Reverse Withdrawal

Simmo! · Feb 24, 2005

Having been told recently by one MG I was testing out that they "can't" reduce the Reverse feature down from 24 hours (although we all know they could if they wanted to) I thought it was time for a poll. To either find out if I'm alone in my misery or to provide some feedback to the casinos.

I see RW as evil - if i withdraw my money, i dont want to wait 24 hours until it gets processed. This casino told me it was a "highly valued feature" to most players...and probably even more highly valued to the casino! They said they would flush the withdrawal if i emailed them but 12 hours later it was still available for reverse.

So you can guess where I voted

Simmo!

Black21Jack · Feb 24, 2005

I had a withdrawal last week at Colosseum Casino. I was informed on this forum that Colosseum will forgo the 24 hour pending period and expedite my withdrawal if requested by email but when did request it they said that they never do that and that I had to wait 24 hours during which I can reverse it if I want. They tried to say that it was necessary for auditing purposes. They made sure that they reinforced that I have the option to reverse it. The fact that Phoenician Group had instant withdrawals when they were RTG makes me wonder why MG casinos cannot do this. I do not understand what they are doing in this 24 hours that warrants them holding onto the money in a pending period. I think it is strictly so that the funds are accessible by the player, increasing the chance that the player will reverse it and give it all to the casino.

Slotster! · Feb 24, 2005

32RED and Spin Palace set mine to a very acceptable couple of hours instantly following live chat. They are always more than happy to 'flush' them too should I so desire.

That's just enough time for me if I decide on a cheeky little reversal, but not long enough for me to go mental the next day.

The Gaming Club strangely never changed my reversal time, but I don't play/win there often enough these days for it to bother me.

I agree it's absurd that a casino won't reduce/remove it - you should name and shame!

I remember once in Las Vegas when I walked up to the cashiers cage with my chips. They took them off me, then made me stand there until the following day - waving the dollar bills in my face from behind the cage and laughing.

Simmo! · Feb 24, 2005

Slotster! said:
... you should name and shame!

I don't need to now

Pepmintpatty · Feb 24, 2005

RW button

I am in total agreement with you Simmo! That darn button makes me nervous too. The weekends are the worst, heck, it's all bad. Sometimes I do make it to the end of the pending period and when the money is gone, it feels so good to know I made it

There is no pending period when we deposit, therefore should be none when we want to withdraw.

But you and I know that it's about self control.

Of which I have not been showing much of lately. I have signs hanging all over the walls, saying don't even think about it, but I do :rolleyes:

I think, we need a place in the forum like RW Annoymous where we can immediately, post that we just cashed in and get the wonderful support of those knowing what we are going through! Other than that, I guess we'll just keep feeling the way we do, until get tired of feeling that way.

Slotster! · Feb 24, 2005

Simmo! said:
I don't need to now

Ah! I see. I thought that maybe The Gaming Club had just lost my email or whatever, didn't think they wouldn't actually do it!

I'm really surprised at Belle Rock, they seem pretty straight-up in all other areas!

Strikes them off the list permanently. That's a shame that is!

Simmo! · Feb 24, 2005

missm said:
I am in total agreement with you Simmo! That darn button makes me nervous too. The weekends are the worst, heck, it's all bad. Sometimes I do make it to the end of the pending period and when the money is gone, it feels so good to know I made it But you and I know that it's about self control. Of which I have not been showing much of lately. I have signs hanging all over the walls, saying don't even think about it, but I do I think, we need a place in the forum like RW Annoymous where we can immediately, post that we just cashed in and get the wonderful support of those knowing what we are going through! Other than that, I guess we'll just keep feeling the way we do, until get tired of feeling that way.

Welcome to the CM forums missm

Actually thats a neat idea - we could have a thread where we keep a note of all those casinos that will bring it down for players when asked. Maybe even some casino reps will chip in.

Hell, I'll start us off:

32Red - only have a 4-hour RW as the norm, but like Slotster says, they bring it down if you ask.

Casino Kingdom - also did 1 hour for me too :thumbsup:

Presumably Cooks would do on that basis too.

KasinoKing · Feb 24, 2005

I have never reversed a withdrawal request, but I think it's a very good feature.
Because when all you suckers go back in there and blow your stash, it ensures the casino will have plenty of ca$h for my payout!

jonevegas · Feb 24, 2005

Reverse Withdrawl

The worst are some Playtechs, I play at one and seem to do pretty good but what really pi**es me of is I have to wait 4 days which is total BS, you cant even make a deposit while you have a withdrawl pending, I tried to make a partial withdrawl and they would have no part of it, and when you do a reverse the 4 days start all over again. I wish I didnt have so much luck there otherwise I would remove them and never play there again.

Simmo! · Feb 25, 2005

jonevegas said:
The worst are some Playtechs, I play at one and seem to do pretty good but what really pi**es me of is I have to wait 4 days which is total BS, you cant even make a deposit while you have a withdrawl pending, I tried to make a partial withdrawl and they would have no part of it, and when you do a reverse the 4 days start all over again. I wish I didnt have so much luck there otherwise I would remove them and never play there again.

4 days is ridiculous jv. I couldn't put up with that personally. RW is doubly-evil in actual fact:

1) it encourages players to chase their losses
2) it gives casinos an excuse to delay payment

Let's be fair, its maybe not just a casino we should hold liable. Microgaming and Playtech probably sell it as a "plus point" to them. Lol. Well, it is to them i suppose - just not the player :cool:

Worth noting though: an MG (and Playtech?) casino cannot choose not to have RW, and MG only allows it to be set at a minimum of one hour I'm lead to understand. Cryptologic and Ecash have it exactly right IMHO.

Question though: would organisations supporting "responsible" gambling support the RW feature bearing in mind (1) above? I'm not very strong-willed I'll admit and any casino I've played in the past with 24 hour RW always suckers me back in. I'd always check i can have RW set to one hour before I'd play a casino now and if they won't do it, i wouldn't play. Plenty of choice out there after all

Cheers.

Simmo!

Simmo! · Feb 25, 2005

Ok own up! Which MG casino rep voted for "Very Good"

universexf6 · Feb 25, 2005

Simmo! said:
Having been told recently by one MG I was testing out that they "can't" reduce the Reverse feature down from 24 hours (although we all know they could if they wanted to) I thought it was time for a poll. To either find out if I'm alone in my misery or to provide some feedback to the casinos.

I see RW as evil - if i withdraw my money, i dont want to wait 24 hours until it gets processed. This casino told me it was a "highly valued feature" to most players...and probably even more highly valued to the casino! They said they would flush the withdrawal if i emailed them but 12 hours later it was still available for reverse.

So you can guess where I voted

Simmo!

The more the casinos are trying to "pend" my money for withdrawal, the
more I want to cashout.

universexf6 · Feb 25, 2005

It is not MG casino, sorry, but Starluck flushes your money like toilet water
very quickly without even pending money for second.

maxlevine · Feb 26, 2005

The only reason I wish the withdrawal process would be instant is so I could deposit some of that money in another casino. Apart from that, once I withdraw, I'm done playing in that casino for the week.

Max

Slotster! · Feb 26, 2005

Ok, talking about knowing when you've hit your wagering requirements.. I'm getting worse!!! I deposited 100 this morning to get a 100% match bonus, with 10x wagering requirements... 2000 I thought, I should be able to guess that pretty accurately if I really really really try.

Anyhow, hit a good lucky streak following a few ups and downs, eventually deciding I'd fulfilled my requirements and used up my luck with a balance of around 1600, and cashed out.

Out of interest, I just spent a few minutes on Playcheck just to see how close I got....

Wagering required: 2000
Actual Wagering: 7950

universexf6 · Feb 26, 2005

Is there any voice from casino operators regading this issue?. Please, speak.

slotchik · Feb 26, 2005

Slotster! said:
Ok, talking about knowing when you've hit your wagering requirements.. I'm getting worse!!! I deposited 100 this morning to get a 100% match bonus, with 10x wagering requirements... 2000 I thought, I should be able to guess that pretty accurately if I really really really try.

Anyhow, hit a good lucky streak following a few ups and downs, eventually deciding I'd fulfilled my requirements and used up my luck with a balance of around 1600, and cashed out.

Out of interest, I just spent a few minutes on Playcheck just to see how close I got....

Wagering required: 2000
Actual Wagering: 7950

How do you know from playcheck how to figure out wagering without counting each wager individually? Maybe I'm missing something

Slotster! · Feb 26, 2005

slotchik said:
How do you know from playcheck how to figure out wagering without counting each wager individually? Maybe I'm missing something

That's exactly it, but if you play the same slots a lot - it's really easy. Every 100 transactions page had pretty much entirely "4.50" or "9.00" wagering, hence 450 or 900. The ones where I'd swapped halfway through took a little longer but not much.

I agree it'd be a nightmare if you chopped and changed your wager all the time without cutting and pasting it into Excel.

wobble33 · Feb 26, 2005

slotster
the way to tell if u have met the wagering requirements is through comp points. if its 1 point for every $10 wagered, you then work it out like this. deposit $100 get $100. wagering req say are x10, so u must wager $2000. u would have 200 comp points, and wagering would be finished.

Simmo! · Feb 26, 2005

wobble33 said:
slotster
the way to tell if u have met the wagering requirements is through comp points. if its 1 point for every $10 wagered, you then work it out like this. deposit $100 get $100. wagering req say are x10, so u must wager $2000. u would have 200 comp points, and wagering would be finished.

Good point :thumbsup:

Slotster! · Feb 27, 2005

Ah! Good point cheers! :thumbsup:

Where's the fun in doing it accurately though!!??! That way I may actually make some money or something crazy like that

universexf6 · Feb 27, 2005

　Again, Samurai demands operators to speak up about this. What is the
reason of holding my money before cashout?? Why don't you just zero-balance
my withdrawal request and process it internally? Does bestowing players
with the option of reversing withdrawal give players any benefit?? Please
tell me the "reasonable reasons" about it otherwise I will thrust you by
my Samurai sword!

venetian · Mar 2, 2005

I play the most on the weekends and even if the casino flushes your account it still doesn't get processed until Monday or Tuesday. I'm curious to see if anyone has ever won after redepositing. I never have! I also would like to have it processed right away so I could play at a different casino. It seems if you win big enough to withdraw....you won't win anthing else (there) for at least a week or longer. I am amazed when I read the occasional post saying the player went from one game to another collecting jackpot after jackpot. The whole thing makes me crazy.

Simmo! · Mar 2, 2005

venetian said:
I also would like to have it processed right away so I could play at a different casino.

Another reason the casinos like RW

I must admit i dont usually withdraw to play somewheer else - i withdraw mainly so i can effectively set my session limit and then "that's it" for the day. But i'm usually back at the same casino once its back in NETeller.

KasinoKing · Mar 2, 2005

venetian said:
I am amazed when I read the occasional post saying the player went from one game to another collecting jackpot after jackpot. The whole thing makes me crazy.

'Occasional' is the key word here. Of course we hear about these rare occasions, but we don't hear from the thousands of losers.

It's like the National Lottery: Every week I hear someone has won the jackpot - but I never see a newspaper headline 'Millions of people lose a pound on the lottery!'

Simmo! · Mar 2, 2005

KasinoKing said:
It's like the National Lottery: Every week I hear someone has won the jackpot - but I never see a newspaper headline 'Millions of people lose a pound on the lottery!'

vinylweatherman · Mar 4, 2005

RW Feature

I would like my money in my Neteller account the next working day from the day of withdrawal. Pending should only be there to correct a mistake. If we still want to play after it is flushed from pending, say for a tournament, would we not simply deposit through our normal means? Long delays can also lead to players thinking the worst about the casino, especially on a first request where trust has not been built up.

Digress:-
As for Microgaming WR beware, Playcheck duplicates the bottom entry on sheet 1 as the first wager of sheet 2 - this does not happen on all sheets though. With slots and VP I use constant stake and count the spins/hands and multiply by the stake. Where comp points are 10 for one and all games have the same WR this is best. Unfortunately, some award comps at varying levels depending on games, and have different WR on different sets of games. I am sure this is to put us off playing Blackjack! It is possible to cut & paste the Playcheck output into Excel or similar and use the =SUM function on the wagers placed column, uncheck 'display advanced graphics' for this to work best.
Microgaming should develop a proper tool for this.

gaputernut · Mar 5, 2005

Rw

I love the reference to a land casino.....give them chips and wait for 24hrs while they wave the money at you...rofl. That is what online casinos can do...
There are casinos I will not play much at....because when I do a cash out...I can not flush my account.
I am the worlds worst about using RW...but...that is what it is designed for...
The casino knowns people will put the money back in eventually, if it sits long enough.
I like bellrock casinos, and lake palace and casino grand bay....all because i can call and have account flushed!!!

sun vegas, crazy vegas won't allow flushes....and they have sent me and my husband.. fantom emails we are supposed to respond to.(no we don't have spam blocker, we checked with service provider and i have my own server and still don't get them..get all the news letters etc..just not these fantom emails).but we never get them until we call and call and finally they use a different send address and wow...the email gets right to us...a week later.
I play at them....but don't count on the cash out for a week.

I like being able to call or email to have cash out flushed...that way i can put aside a stash (of cash out) sometimes i use some of it....sometimes i just call them right away and have it flushed.

We should have the option to flush when requested...it's our money....even though it a win...it's not like we didnt' put in there at sometime...lol

just my 2 cents worth.....

Simmo! · Mar 28, 2005

Hi all

I'm doing a survey of all MG casinos to see what the times are and who will reduce it so i can put together a spreadsheet. If you have any info on casinos you play, can you PM me their stance if you get a mo?

Thanks

Simmo!

mgibson99 · Apr 1, 2005

Omni Casino has no reversal feature. I like that. Cashouts are always in my Neteller Account the next day. I think that's reasonable.

Sodax77 · Apr 2, 2005

removed

bAdSmoker · Apr 2, 2005

Well for the first time ever i actually won on a RW yesterday lol!

I had $150 cashed into Jackpot City then said oh well lets try $50 of it and went on to play the Belle Rock game and won $380 in about 10mins or so and i was feeling like i was on top of the world! LOL so i cashed that out and called it a nite.

ToucanSam · Apr 4, 2005

Just experiencing my first reverse withdrawl regret , glad to see theres a support group.
Wish i saw this post yesterday. :notworthy

Chill · Apr 5, 2005

I was 6k in the hole at a casino when I was lucky enough to win 10k on videopoker. I wirtdrew 8k and asked them to flush it so I could continue to play with the last 2k, received a big NO. I therefore withdrew the last 2k and deleted the casino from my PC. I received the money 3 days later but they haven't seen me since and never will.

winbig · Apr 6, 2005

Chill said:
I was 6k in the hole at a casino when I was lucky enough to win 10k on videopoker. I wirtdrew 8k and asked them to flush it so I could continue to play with the last 2k, received a big NO. I therefore withdrew the last 2k and deleted the casino from my PC. I received the money 3 days later but they haven't seen me since and never will.

lol, you would think they'd WANT you to keep playing, especially after a hit like that so they can try to get their money back.

slotchik · Apr 6, 2005

Phoenician casino said that FLUSHING is only reserved for their PLATINUM players. What a bunch of Crap!!!!!!!!!!!!!!!!!!!!!!!!!

largeeyes · Apr 6, 2005

slotchik said:
Phoenician casino said that FLUSHING is only reserved for their PLATINUM players. What a bunch of Crap!!!!!!!!!!!!!!!!!!!!!!!!!

That is true for the entire Casino Action Group.

Simmo! · Apr 6, 2005

Chill said:
I was 6k in the hole at a casino when I was lucky enough to win 10k on videopoker. I wirtdrew 8k and asked them to flush it so I could continue to play with the last 2k, received a big NO. I therefore withdrew the last 2k and deleted the casino from my PC. I received the money 3 days later but they haven't seen me since and never will.

Can you let me know which casino this was Chill...either name and shame or by PM :thumbsup:

Thanks

Simmo!

Simmo! · Jan 19, 2006

Old thread, topical bump

Slotmachine · Jan 21, 2006

I don't laugh out loud at posts very often, but Kasino King scores for the funniest post today (even though the post was ages ago):

KasinoKing said:
It's like the National Lottery: Every week I hear someone has won the jackpot - but I never see a newspaper headline 'Millions of people lose a pound on the lottery!'

I love it

Cheers,
SM

liquidsoap · Jan 21, 2006

kk that is pretty funny :thumbsup:

your either really cleveler and funny
or have alot of time on your hands

Simmo! · Feb 20, 2006

Ruby Fortune Reverse Withdrawal

Hey guys

I have (finally!) convinced another MG to try out 1 hour reverse withdrawal to see if its successful.

Ruby Fortune will give permanent 1 hour reverse withdrawal to anyone signing up and playing by the end of February through this tracked link: Outdated URL (Invalid).

Once you have played, you must email me (webmaster @ oggs.com) with your account number and I'll get the reverse period set to one hour for you.

If the link proves popular, they may extend the option.

Cheers,

Simmo!
(Link posted with CM's permission)

liquidsoap · Feb 20, 2006

simmo i downloaded through ur affiliate tag.....
ill be sending an email soon
your wallet will thank me

silcnlayc · Feb 20, 2006

The reverse feature is definitely an enticement to come back and spend just a little bit more and a little bit more till theres nothing left. I too have fallen into that trap I think twice in the last year of 05, but I learned now to just not play at that casino until the withdrawal is actually gone from the RW feature.

I make depsits and play at other casinos until the withdrawal is back in my neteller account regardless of how long it takes. Was a hard thing to do for a while but now I am very used to not going back to the casino with the reverse withdrawal funds sitting there.

Casinos are losing a lot of funds the way they have it now, IMO for the deposits I make in other casinos could be thiers.

cjb · Feb 20, 2006

Simmo!...this is for new players only?

Simmo! · Feb 21, 2006

cjb said:
Simmo!...this is for new players only?

I dont mind having a word cjb if you send me your ID. However, the way I pitched it was that it would bring new signups which would (if i was proved right!) more than make up for any lost earnings. So I cant promise but i will try

Cheers,

Simmo!

PS. Liquid - no email yet received?
PPS. Makes me smile when i see a whopping 4.96% of players like this "feature" the way most casinos have implemented it

cjb · Feb 22, 2006

Thanks Simmo!, but that's ok. If it is only intended for new players I will wait and hope they change it for everyone

managra · Feb 23, 2006

Fortune Lounge has added another "promo" to their 24 hour reverse withdrawal rule. At the end of the 24 hours you get an email suggesting that you phone them immediately and ask them to reverse the withdrawal. If you do, you will be entered in a "win your share of $2,000 in the Fortune Lounge
Cashin Reversal Lucky Draw". I just ignore those emails and found that despite this additional gimmick the funds are in my neteller on day 2.

BrianC · Feb 23, 2006

managra said:
Fortune Lounge has added another "promo" to their 24 hour reverse withdrawal rule. At the end of the 24 hours you get an email suggesting that you phone them immediately and ask them to reverse the withdrawal. If you do, you will be entered in a "win your share of $2,000 in the Fortune Lounge
Cashin Reversal Lucky Draw". I just ignore those emails and found that despite this additional gimmick the funds are in my neteller on day 2.

That is purely evil on their part to make that kind of offer.
I hope no one ever falls for it BUT if they do, I hope they win
big then follow thru with cash-out just to throw it in their face.

I never cared for the Fortune Lounge group. For one, their spam
is excessive and when you ask to be removed and follow the
correct procedure for email-removal you still get the emails. I had to
write nasty letters to the support people their to finally get removed.

Brian

managra · Feb 23, 2006

BrianC said:
I never cared for the Fortune Lounge group. For one, their spam
is excessive and when you ask to be removed and follow the
correct procedure for email-removal you still get the emails. I had to
write nasty letters to the support people their to finally get removed.

Brian

There are a couple of FL casinos where i tend to do okay. I have no complaints about their customer service and withdrawal funds reach my neteller on day 2. I have gotten their manipulative "reverse withdrawal lucky draw" emails 3 times now but it doesn't seem to delay payment. I would get one of those emails on 11 pm and found the funds in Neteller around 9 am the next morning. I have read many comments about their spam but, fortunately, haven't received any of it. When i started out with them i received an email to "be sure to add us to your contact list". I didn't do anything as i had already received an email from them with pertinent info. So, i just happened to avoid opening the spam floodgates. Can't you just block their spam email address?

Reverse Withdrawal

What do you think of the Reverse Withdrawal "feature"?

Its a con. If I've made a withdrawal i want it processed.

I like it. As long as its no longer than 4 hours or so.

Very Useful. 24 Hours is good for me.

Love It. Duraton is irrelevant.

No opinion. Just want to see the voting.

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