Deposit/Withdrawal ratio???

[loganberry]

Is anyone prepared to share their thoughts on deposit/withdrawal ratios, particularly those of the low-rollers among us?

I am curious to know just what a Casino would consider, on a daily basis perhaps, to be a reasonable withdrawal request, taking into consideration the minimum withdrawal limits defined in the T&Cs.

For example, if the deposit was $30, would anyone consider withdrawing $50/75/100, or does everyone wait until the ratio is higher.

And in fact, how would a casino treat a player who withdrew $50-$100 on a daily basis, if the deposit was about $50?

Just wondering, as I think I may need to change my deposit/withdrawal strategy.

 

[GrandMaster]

Don't worry, you won't be withdrawing $50 or $100 daily on a $50 deposit.

 

[buck]

Cashout Frequency

Logan,

I often frequented Global Player and had daily cashouts, (for REAL MONEY) Until I hit their radar screen. At that point cashouts took much longer. Following response from CS

E-Mail From GP
Thank you for contacting us.

Our policy is to process payments as quickly as possible. As usual, we
would like to proceed with your withdrawal immediately, however, we
noticed, that you tend to make deposits and withdrawals within very
short periods.

As we absorb the (rather high) transaction fees for these transactions
we do not encourage frequent deposit/withdrawals within short periods.
We recommend to use the park options for funds not immediately used.
This will enable you to unpark some funds for your game play, should
you
need some more, instead of re-depositing money which you just cashed
out
a few hours earlier.

Your withdrawal request is therefore delayed for another few hours in
order to give you time to make adjustments if desired.

We thank you for your understanding and your cooperation.

Kind Regards,

Patrice Ahrensburg
--
Global Player


Buck

 

[Simmo!]

Okay the way i generally do it is this.

If i start with a pot of say $1,000, then my aim is to get that back out as priority, then be less cautious with the rest. Thus i usually start with a couple of $200 playing cautiously (Thunderstruck around $2.70 / $3.60 a spin) and withdrawing maybe $100 there, $200 here. If i'm lucky i get my $1k out with a bit to spare. Then i just up the bets to $5.40 - $9 (or more if its a good day so far!) , cross my fingers and hope those Rams are feeling hungry

Thus every day i'm taking out something, be it just $100 or $2000.

Of course, that doesnt allow for my nemesis, the Reverse Withdrawal, but it does usually (at least) limit my losses and sometimes pays good dividends

 

[liquidsoap]

i depostit anywhere from 30-100 dollars most of the time 50 i dont cashout unless i get to 400 no matter what, then ill make a cashout of 300 and try again, doesnt work all the time but it sure keeps me in the game, and once you hit the mark, you lower your bet back to what you start at. usually .90 to 1.50 depending on the game, but occasionally when i get tipsy i bet from 4.50 to 15 dollars

 

[silcnlayc]

Interesting you should say this liquidsoap

and once you hit the mark

for I too have a goal/mark as you say to reach before making a withdrawal for why withdraw anything other than at least double your money, when you know you will be putting it right back in...doesn't make sense to me in the least..

I start with $100 each and every time...when I reach my mark ($400), I too withdraw the $300 and leave the initial $100 for future play...then go to another casino and use another $100...and so on...and Simmo says it perfectly..

then my aim is to get that back out as priority, then be less cautious with the rest

and hope for the best!

I usually have funds in most of my favortite casinos to play with, without making additional deposits..and some in my neteller for backup (the withdrawn excess funds).

Hope this helps!

Thats the plan that works best for me...in a nutshell...keeps me playing for long periods on an initial deposit and keeps the funds building up in my account...

 

[vedat]

why to cash out little

i try to cash out from a casino 7-10x my deposit or more i enjoy playing and never had a problem with a casino i always take bonuses also it allows me to win more (sometimes bust while meeting the wagering requirements)

 

[liquidsoap]

at least i am not the only one

 

[caruso]

And in fact, how would a casino treat a player who withdrew $50-$100 on a daily basis, if the deposit was about $50?

Just wondering, as I think I may need to change my deposit/withdrawal strategy.

Don't worry. If you're playing as above, the casino will welcome you with open arms. Don't change a hair.

 

[nafanny29]

As an ex bank employee one of my ex colleuges (a personal friend) has a client who works in this area. My friend (Who plays online also) discussed the matter of credit card funding of UK casinos and his client said that most casinos pay a MAXIMUM of 0.15% of the deposit as a fee for credit card transactions. This guy actually negotiates these rates with the casinos.

Maybe its different with neteller etc but for UK card processing it doesnt cost them too much if this is correct.

 

[GrandMaster]

As an ex bank employee one of my ex colleuges (a personal friend) has a client who works in this area. My friend (Who plays online also) discussed the matter of credit card funding of UK casinos and his client said that most casinos pay a MAXIMUM of 0.15% of the deposit as a fee for credit card transactions. This guy actually negotiates these rates with the casinos.

Maybe its different with neteller etc but for UK card processing it doesnt cost them too much if this is correct.

0.15% sounds incredibly low. Even 1.5% would be on the low side for internet transactions.

 

[dominique]

Okay the way i generally do it is this.

If i start with a pot of say $1,000, then my aim is to get that back out as priority, then be less cautious with the rest. Thus i usually start with a couple of $200 playing cautiously (Thunderstruck around $2.70 / $3.60 a spin) and withdrawing maybe $100 there, $200 here. If i'm lucky i get my $1k out with a bit to spare. Then i just up the bets to $5.40 - $9 (or more if its a good day so far!) , cross my fingers and hope those Rams are feeling hungry

Thus every day i'm taking out something, be it just $100 or $2000.

Of course, that doesnt allow for my nemesis, the Reverse Withdrawal, but it does usually (at least) limit my losses and sometimes pays good dividends

That is about what I do, with the amounts being somewhat smaller.
And yes, reverse withdrawal is my nemesis too. If it wasn't for that I'd likely be a totally loyal player, sticking to one or two casinos.

 

[nafanny29]

0.15% sounds incredibly low. Even 1.5% would be on the low side for internet transactions.

I think that its too low also, but I guess if they are putting through enough money they will get a good rate. As I say this is only hearsay from a friends client but he would have no reason to lie, the subject came up during a general interview between my friend(The Bank employee) and his client, and because my friend plays online they got chatting about it.

 

[loganberry]

I would just like to thank everyone who has contributed to this thread. In conjuction with the thread raised by Liquidsoap - 'How much do you deposit' - it has certainly given me food for thought on how I can manage my deposits/withdrawals better, and given me some very good ideas on limits, etc.

So once again, thanks a lot.

 

[Alfran]

reviving this old thread....
i set targets too, but its so hard to stick to it.... sigh.
always tell myself to withdraw smaller amt but end up playing it away... i guess on average i play anywhere between 10-80 and seldom withdraw anything less than 200. (sometimes with a 10 i get my balance over 150 but don't withdraw then want to kick myself). But the last year has not been too bad... in the red but not much.


*on a gambling break at the moment, haven't played for a month, but get my fix by watching dunovers winning videos