How does inetbet handle max withdrawal on fre chip

sandman748

Newbie member
Joined
Jul 27, 2011
Location
canada
So as a new player i used a $10 free chip and managed to turn it into 160. I noticed that once i hit playthrough, my balance went straight down to 50 which was the max on the chip. So sure enough i kept playing (not sure why) and managed to hit 1000 on a one dollar bet.

So my question is this? Will I get that 1000 since my balance was already reduced from 160 down to 50 once i met playthrough? Or should I play through that money all the way down to 50 to try and get as many comp points as possible?

Thanks
 

Kotsy1

Dormant Account
Joined
Nov 10, 2005
Location
USA
Since you are playing on a free chip and won more and above, if the rules state 50 max, that's all you'll get.

Pretty straight forward rules.
 

sandman748

Newbie member
Joined
Jul 27, 2011
Location
canada
I understand the rules. I guess I am used to just having the money removed when I cashed out. I was surprised to see inetbet drop my balance down to 50. Effectively removing all my overage on the chip. I guess I was hoping that since they had already removed my winnings above, that if I continued playing, I would get to keep the winnings.

Maybe not. In that case, i may as well maximize my comp points.
 

chayton

aka LooHoo
webmeister
PABnonaccred
CAG
Joined
Jun 5, 2006
Location
Edmonton Canada
No you're still only allowed to cash out $50 so might as well spend it.....although you might want to check whether your comp points are actually adding up while you're playing back down. One of the reasons I think they 'remove excess funds' is to keep people from accruing comp points using casino money.
 

Tirilej

Still a Lady
CAG
MM
Joined
Apr 18, 2009
Location
Sweden
No you're still only allowed to cash out $50 so might as well spend it.....although you might want to check whether your comp points are actually adding up while you're playing back down. One of the reasons I think they 'remove excess funds' is to keep people from accruing comp points using casino money.

...and even if he get comppoints they usually don't let people redeem them if they are from only playing free chips.
 

sandman748

Newbie member
Joined
Jul 27, 2011
Location
canada
i'll be depositing. only playing the free chip to try a new company. Club world won't give me promos anymore, so gotta find a new home.
 

chuchu59

gambling addict
PABnonaccred
CAG
PABinit
Joined
Sep 26, 2004
Location
SOMEWHERE IN ASIA
I understand the rules. I guess I am used to just having the money removed when I cashed out. I was surprised to see inetbet drop my balance down to 50. Effectively removing all my overage on the chip. I guess I was hoping that since they had already removed my winnings above, that if I continued playing, I would get to keep the winnings.

Maybe not. In that case, i may as well maximize my comp points.

While the casino is unlikely to allow you to cash out anything more than 50 I think they are dead wrong if they do this as the purpose of the automatic removal of winnings and have your balance reduced to the max withdrawable amount ie 50 means that the $50 is wholly yours and you can play anything you like and run your balance to any amount you like. The automatic reduction to 50 already prohibits you from raking up comps (that's courtesy of the schemers from RTG) so there is absolutely no reason why the max w/d should continue to be 50 as essentially the 50 is akin to you making a fresh deposit. If the automatic reduction system wasnt in place I would agree that one should abide by the max. w/d limit on a free chip.
 

sandman748

Newbie member
Joined
Jul 27, 2011
Location
canada
While the casino is unlikely to allow you to cash out anything more than 50 I think they are dead wrong if they do this as the purpose of the automatic removal of winnings and have your balance reduced to the max withdrawable amount ie 50 means that the $50 is wholly yours and you can play anything you like and run your balance to any amount you like. The automatic reduction to 50 already prohibits you from raking up comps (that's courtesy of the schemers from RTG) so there is absolutely no reason why the max w/d should continue to be 50 as essentially the 50 is akin to you making a fresh deposit. If the automatic reduction system wasnt in place I would agree that one should abide by the max. w/d limit on a free chip.


My thoughts exactly. Looks like I'm not getting comp points on my play now either. So whatever happens, it was a free chip to start so I guess I can't complain. I will never play on a free chip again. I hit a RJ on club world on a free chip for 7k and only saw 500 of it, and now this.
 

chuchu59

gambling addict
PABnonaccred
CAG
PABinit
Joined
Sep 26, 2004
Location
SOMEWHERE IN ASIA
My thoughts exactly. Looks like I'm not getting comp points on my play now either. So whatever happens, it was a free chip to start so I guess I can't complain. I will never play on a free chip again. I hit a RJ on club world on a free chip for 7k and only saw 500 of it, and now this.

The only difference would be if you withdraw the 50 and then redeposit they will need to pay the processing fees. In addition, once you receive your cashout you have plenty of other casinos to choose from so they actually lose out on your business. It doesnt make any sense really.

Meanwhile, if you are continuously fishing for free chips you may encounter a casino who labels you as a bonus abuser and decline a cashout from a free chip.
 

Balthazar

The Governor
Joined
Aug 14, 2012
Location
Woodbury
While the casino is unlikely to allow you to cash out anything more than 50 I think they are dead wrong if they do this as the purpose of the automatic removal of winnings and have your balance reduced to the max withdrawable amount ie 50 means that the $50 is wholly yours and you can play anything you like and run your balance to any amount you like. The automatic reduction to 50 already prohibits you from raking up comps (that's courtesy of the schemers from RTG) so there is absolutely no reason why the max w/d should continue to be 50 as essentially the 50 is akin to you making a fresh deposit. If the automatic reduction system wasnt in place I would agree that one should abide by the max. w/d limit on a free chip.

That's exactly right. Once they removed the excess, it became his money and he was no longer bound to the bonus T&C. Wagering requirement was met and excess money was removed. The $50 was his to cashout OR TO PLAY WITH.

The fact that he kept playing is no different than withdrawing the money (maximum $50) followed by a reverse cashout. In this case, a reverse cashout would have been just like a $50 deposit.

With that said, I'd not hold my breath. It would take an extremely honest casino to admit that and pay your $1000.
 

LHofsdal

Ueber Meister
MM
Joined
Jan 9, 2010
Location
NY
That's exactly right. Once they removed the excess, it became his money and he was no longer bound to the bonus T&C. Wagering requirement was met and excess money was removed. The $50 was his to cashout OR TO PLAY WITH.

The fact that he kept playing is no different than withdrawing the money (maximum $50) followed by a reverse cashout. In this case, a reverse cashout would have been just like a $50 deposit.

With that said, I'd not hold my breath. It would take an extremely honest casino to admit that and pay your $1000.

I do remember 1 casino stating a longtime ago that even though they cashed out, a reversal would not make it a new deposit. The withdrawal needs to be fully cashed out, meaning it would have to be processed and sent to the player. However, I don't remember which casino this was.

I tend to agree with everyone else, I think you are only going to get the 50 dollars, but lets see what Inet says. They do read this forum just about daily. So you should get a response soon. IF you don't PM the rep and see what they say.

LH
 

Jasminebed

Game old gal
Joined
Mar 13, 2008
Location
Ontario
I know in the past, I have emailed Inetbet to ask if I reversed win from a free chip, could I then play without the max cap, and was told no.

They also have a term that comp points earned solely from free chips are not redeemable.

If you haven't already did so, Inetbet is going to require a faxback form and your ID, a recent utility bill and a copy of the card (if you used a card) used to deposit.

Here's a link to the page with the download for the form: Old / Expired Link
 

lettingyouknow

Dormant account
Joined
Feb 24, 2009
Location
ocean
That Casino is clubworld all of them in the group

I do remember 1 casino stating a longtime ago that even though they cashed out, a reversal would not make it a new deposit. The withdrawal needs to be fully cashed out, meaning it would have to be processed and sent to the player. However, I don't remember which casino this was.

I tend to agree with everyone else, I think you are only going to get the 50 dollars, but lets see what Inet says. They do read this forum just about daily. So you should get a response soon. IF you don't PM the rep and see what they say.

LH

That casino is Club World, all of them in the group have this same rule. A reversed withdrawal is NOT considered a deposit.
 

mattsgame

Meister Member
webmeister
CAG
Joined
Sep 17, 2009
Location
Out Of Town
That casino is Club World, all of them in the group have this same rule. A reversed withdrawal is NOT considered a deposit.

It is not just Club World though, Jackpot Capital, Slotastic, Grande Vegas, Sloto, etc all have the same rule and I assume its just an RTG thing.


It is a shame because technically the money has become yours once you have finished wagering.
 

cheetahwind

Senior Member
Joined
Aug 16, 2009
Location
Iowa
Actually sloto will allow you to play beyond what you've won on the free chip once the wagering is complete.
Once you've completed the wagering and the excess is removed they will let you play on. I've done this a few times because of being in the US I don't wanna cashout to a wallet. I want the money right in my bank. So they've let me play on several times, never have gotten close to getting the minimum for a wire, but it's nice to know that I can get my freebie money in my bank though.
It is not just Club World though, Jackpot Capital, Slotastic, Grande Vegas, Sloto, etc all have the same rule and I assume its just an RTG thing.


It is a shame because technically the money has become yours once you have finished wagering.
 

Balthazar

The Governor
Joined
Aug 14, 2012
Location
Woodbury
That casino is Club World, all of them in the group have this same rule. A reversed withdrawal is NOT considered a deposit.

IMO, every single casino that enforces such a dumb rule strongly deserves that winners from free chips withdraw their money and never play there again.

A reverse withdrawal isn't a deposit? Really? If I owe $20 to my friend and he happens to also owe me $20, do we have to physically exchange the $20 bills otherwise we're both still in debt to each other? Same (lack of) logic. "Take your $50 then give it back to us".
 

Stovetopp

Senior Member
MM
Joined
Jul 11, 2008
Location
On the Beach
I know that you cannot win more than the free chip bonus says you can.
However, esp to KK, what happens if you have some cash lying around in your account and you win the maximum allowed on a free chip and you cash it....Does that mean you have to cash out ALL funds then redeposit?

Sp why take a free chip when you cannot collect the money esp if one is from the good old USofA and does not have e wallets? There is a minimum amout to get monies by courier check
Quite frankly, I think the mgmt of online casinos are having a big laugh at all of us for trying to beat the T&C's

I still play though, but the day will come "when the chicken comes home to roost" As aside What the hell does this mean anyway ? lol where did that expression come from and dont tell me it was from OBAMA's minister
 

cheetahwind

Senior Member
Joined
Aug 16, 2009
Location
Iowa
See this is where 3Dice had it right, no max cashout period on a free chip.
Granted slotocash had a nice varience, but still removing excess money period does seem like a bit of rip off.
 

sandman748

Newbie member
Joined
Jul 27, 2011
Location
canada
Well I got the email saying my withdrawal cant be processed until i send in my forms(which i did yesterday) and it also stated 50 dollar max cashout. So it is what it is, even if I don't agree with it. Here's hoping I can keep my comp points. On a side note, club world appears to be letting me use promos again so I may not even bother with inet. I'll definitely redeposit the 50 and if I make play through, will judge them on their payout time. Weekend cashouts are a plus, since I mainly play on Friday and its oh so tempting to reverse withdraw while waiting for CWC to approve my withdrawal on Monday.
 

Tirilej

Still a Lady
CAG
MM
Joined
Apr 18, 2009
Location
Sweden
Congrats to that free winnings. It was at least more than nothing:thumbsup:

There are some here that don't like Inetbet, mostly because they don't have livechat, but many of us do think they are the best. They pay fastest, the bonuses are okey and they can be trusted.
I have never had a single problem with them so they are at least my number one among the RTG's.
 

chayton

aka LooHoo
webmeister
PABnonaccred
CAG
Joined
Jun 5, 2006
Location
Edmonton Canada
That casino is Club World, all of them in the group have this same rule. A reversed withdrawal is NOT considered a deposit.

But Club World doesn't remove excess winnings once wagering is met, do they? It's been so long since I won on a freebie I can't remember.
 

sandman748

Newbie member
Joined
Jul 27, 2011
Location
canada
But Club World doesn't remove excess winnings once wagering is met, do they? It's been so long since I won on a freebie I can't remember.


club world does not remove the winnings on a free chip after play through. The remove the bonus and overage on withdrawal. When I won the RJ for 7k they actually encouraged me to play it down to 500 (max on $50 chip) so that I would at least get some comp points as well. Otherwise they just blow away the extra with no benefit to the player.
 

tooodoggs

Dormant account
Joined
Mar 8, 2012
Location
California
Also keep in mind that Inetbet has a max withdraw on comp points. CW does not.


club world does not remove the winnings on a free chip after play through. The remove the bonus and overage on withdrawal. When I won the RJ for 7k they actually encouraged me to play it down to 500 (max on $50 chip) so that I would at least get some comp points as well. Otherwise they just blow away the extra with no benefit to the player.
 
Top