King Billy casino 3x wagering requirement for withdrawal without bonus

King Billy is reviewed at Casinomeister

Bunbu

Newbie member
Joined
Apr 25, 2021
casinos withdrawals are so pain in the a**
When I notice that the casino is slowing my withdrawals and asking me to shave my beard. to take a shower or to use my left hand when i spin slots, to open the window when i talk with support, or to hop on a my own head ... I close my account immediately after I receive money on my bank account, e-wallet etc.

I've been with bet365 for 11-12 years and have never had a problem with withdrawals, never. They asked me a few years ago if I had a new ID card because my old one was about to expire: "Please send us a new one when you get it." After the initial KYC (completed years ago), that was all they asked for update, In midtime (before i got new ID card ) they never stopped my withdrawals or deposits or asked me to shave my beard. :)

I had withdrawal issues on Rizk a few years ago, so after a painful (second) KYC, I withdrew everything and closed the account. Important notice: A problem with Rizk KYC occurred after I won big and requested to withdraw it all. Just checked, and the account is still blocked, and will remain so endlessly.

Are withdrawals (KYC) simple or painful, and that is what matters most when you gamble online, my personal rule and most important. Says a LOT is it casino ok or its - you know what .

Let the the force be with us!
 
Last edited:

Eliot85

Newbie member
Joined
Dec 14, 2020
Location
Sweden
I deposited on winny casino wich is a sistersite... There was malfunctions on the site and i could not open any game from any provider. then i went to chat and spone to them and tomd them to roll back my 500euro to my bankacount, they did not doit they said i have to wagger it 3 times... Imagen i have to waggwr my own money 1500euro to have my own money back. And this beacuse that they can not provide a game ho is playable.. But in not suprised when i chekd N1 interactive site... Biggest scam casinos. a support wich is arrogant and not helpfull at all... I personally avoid all of N1 interactive sammers.
 

Rs.Kingbilly

Accredited Casino Representative
Joined
Jun 20, 2017
Location
Ukraine
I deposited on winny casino wich is a sistersite... There was malfunctions on the site and i could not open any game from any provider. then i went to chat and spone to them and tomd them to roll back my 500euro to my bankacount, they did not doit they said i have to wagger it 3 times... Imagen i have to waggwr my own money 1500euro to have my own money back. And this beacuse that they can not provide a game ho is playable.. But in not suprised when i chekd N1 interactive site... Biggest scam casinos. a support wich is arrogant and not helpfull at all... I personally avoid all of N1 interactive sammers.
We are not a sister site to Winny Casino, we share a single platform - SoftSwiss - that is all we have in common.
 

Guntis

Senior Member
Joined
Dec 29, 2017
Location
United kingdom
It is mainly meant for adequate affiliates you are not related to.

Well, your smart-ass replies won't help against the hard facts that your casino is trapping players money with the 3x deposit wagering requirements. For the affiliate's part, I guess you know well what are peoples opinion on KingBilly from the posts on AGD, GPWA forums.

Making the players wager their deposits three times is a crafty practice to keep their money in-house; it's plain and simple.

Don't believe me? Stick 100 bucks in your casino and try to play it through 3 times, and then come back and share your experience on how you did get on. Don't forget to share your screenshots in the dedicated thread!

For those who don't understand how this crap works, here is an example:

  1. You deposit 100$ in KingBilly.
  2. You start playing, for example, slots at 1$ per spin.
  3. You hit the bonus within the first 50 spins.
  4. The bonus pays you 100x
  5. And here you think; fuck it I'll cash it out!
  6. But you can't, because you haven't played your deposit three times.
  7. Then, you get well pissed off hearing different bollocks from their live chat; still, you have no other choice than to go back and put at risk your deposit and winnings, which you were just about to withdraw...
 

Mouse75

Experienced Member
Joined
Nov 16, 2018
Location
Southport
Every time when you raw deposit you should wager your money one time over. Even if not read separately in the t&c, it's an unwritten rule in the casino world because money laundering. And casinos have pretty sensitive systems. I'm sure their systems will alert red flags if player time after time example deposit 100 euros, wager 10 euros and then cash out. Pretty soon player may be in little problem if casino starts investigate player's gaming style. And never use any red + black-tactic or other grey zone-styles when wagering your deposit. That style can also lead to problems

But yes 3x wager to raw deposits. What a joke!
I agree.

If you walk into a casino - to lose £100, but hit a royal flush on 1st hand, or a £4000 SLOT JACKPOT 1st spin and cash out.... no one bats an eyelid.

The 1x wagering is also bollocks. I mean, any player who was just laundering money would simply low roll roulete for hours and pay the 2.8% house edge. I mean in the Ozark losing 15% laundering is acceptable.

Its just a casino scam.
 

sufferinsilence

Senior Member
MM
Joined
Dec 13, 2017
Location
Belgium
Well, your smart-ass replies won't help against the hard facts that your casino is trapping players money with the 3x deposit wagering requirements. For the affiliate's part, I guess you know well what are peoples opinion on KingBilly from the posts on AGD, GPWA forums.

Making the players wager their deposits three times is a crafty practice to keep their money in-house; it's plain and simple.

Don't believe me? Stick 100 bucks in your casino and try to play it through 3 times, and then come back and share your experience on how you did get on. Don't forget to share your screenshots in the dedicated thread!

For those who don't understand how this crap works, here is an example:

  1. You deposit 100$ in KingBilly.
  2. You start playing, for example, slots at 1$ per spin.
  3. You hit the bonus within the first 50 spins.
  4. The bonus pays you 100x
  5. And here you think; fuck it I'll cash it out!
  6. But you can't, because you haven't played your deposit three times.
  7. Then, you get well pissed off hearing different bollocks from their live chat; still, you have no other choice than to go back and put at risk your deposit and winnings, which you were just about to withdraw...

Should atleast be able to cash your winnings out, it shouldn't be tied in with the 3x deposit wager rule.
 

colinsunderland

Experienced Member
webmeister
MM
Joined
Jan 28, 2016
Location
uk
@Casinomeister is this acceptable, you have to wager cash deposits 3 times before you can cashout?
I don't believe it has anything to do with AML rules, otherwise all the casinos who operate on 1x deposits are in deep shit. Like almost all casinos.
Maybe @Rs.Kingbilly could link to which AML rules they are following that state they have to do this?
 

Bunbu

Newbie member
Joined
Apr 25, 2021
The 1x wagering is also bollocks. I mean, any player who was just laundering money would simply low roll roulete for hours and pay the 2.8% house edge. I mean in the Ozark losing 15% laundering is acceptable.

Its just a casino scam.
+1 total truth you said, but lets disect it more why is bollocks.

First, no one will money launder 100, 500, 1000, 5000, or 10000 EUR/USD/whatever. Money laundering begins with cash, rather than money deposited on/from bank accounts. (laundered money are already washed when they come into bank account and go out to casino!)

Even, if anyone does it this sci-fi money laundering, it's easy to notice if the same thing happens over and over (deposit - cashout without playing) .

So yes this rule is big bollocks (even x1 wager rule)!
 

Rs.Kingbilly

Accredited Casino Representative
Joined
Jun 20, 2017
Location
Ukraine
+1 total truth you said, but lets disect it more why is bollocks.

First, no one will money launder 100, 500, 1000, 5000, or 10000 EUR/USD/whatever. Money laundering begins with cash, rather than money deposited on/from bank accounts. (laundered money are already washed when they come into bank account and go out to casino!)

Even, if anyone does it this sci-fi money laundering, it's easy to notice if the same thing happens over and over (deposit - cashout without playing) .

So yes this rule is big bollocks (even x1 wager rule)!
Dear Bunbu,

If you are so smart or try to be the one, you are welcome to open your casino project and operate without any wagering requirements for deposits.
And, then we will see you comments afterwards...
Sitting upright in the armchair and bullshitting on the forum - it is another part of the story.
 

spiker1977

Experienced Member
Joined
Dec 1, 2017
Location
Finland
@Casinomeister is this acceptable, you have to wager cash deposits 3 times before you can cashout?
I don't believe it has anything to do with AML rules, otherwise all the casinos who operate on 1x deposits are in deep shit. Like almost all casinos.
Maybe @Rs.Kingbilly could link to which AML rules they are following that state they have to do this?

Dear @Rs.Kingbilly

Like @colinsunderland asked (you seem to have missed that question)
Could @Rs.Kingbilly link to which AML rules they are following that state they have to do this?

To clarify: its the 3x wagering/deposit link.
 

Casinomeister

Forum Cheermeister
Staff member
Joined
Jun 30, 1998
Location
Bierland
Dear Bunbu,

If you are so smart or try to be the one, you are welcome to open your casino project and operate without any wagering requirements for deposits.
And, then we will see you comments afterwards...
Sitting upright in the armchair and bullshitting on the forum - it is another part of the story.
That was not a helpful comment.

@everyone - please mellow out in this thread. So far there have been some agressive posts which will turn this into a flame war. Let us discuss the reasoning behind 3x turnover of non-bonus deposits. Most casinos all have at least 1x. I have seen 5x. I'm not sure about 3x.
 

Kroffe

เ๓ ค Ŧคภςץ ๒єคг
MM
Joined
Mar 2, 2019
Location
sweden
Imo the fact that most casinos have a 1x wagering req on deposits means that there cant be a single good reason for having 3x.
If its about aml, i guess that means all sites just doing 1x is doing it wrong, which does not seem very likely.
Its all about increasing the likelihood that deposits made wont turn into withdrawals.
Even in cases where it does lead to a withdrawal, that 3x wagering have probably munched back a sizeable chunk of it.

3x wagering on raw money deposits: 1/10 Honey jars

44.gif
 

Casinomeister

Forum Cheermeister
Staff member
Joined
Jun 30, 1998
Location
Bierland
Putting things into perspective: The MGA (if not most/all licensing jurisdictions) has AML requirements for wagering without a bonus. Operators are allowed 1x - 3x. Here are some terms taken at random:

King Billy
12.15 Money deposited in the Casino must be used for gaming activity. Due to this, any deposit has to be wagered 3 times (player must place bets three times of their deposit amount) before the withdrawal of funds connected to this deposit is available. In case several deposits were made with no gaming activity, player has to wager the total amount of these deposits prior to withdrawal. Otherwise the Casino has a right to charge a fee for the procession of deposit and withdrawal, which is at the sole decision of the Casino.

Twin
7. If a withdrawal is requested without wagering an amount that is equal or more than the amount deposited, we reserve the right to charge a 5% (five percent) fee of the transactional value, but no less than 10 EUR (ten) and may result in the permanent closure of your account.

N1 casino
Money deposited in casino must be used for gaming activity. Due to this, all deposits need to be wagered at least 1 time. If a player is suspected of money laundering or other fraudulent actions, the casino has the right to request that the deposits need to be wagered at least 3 times.

Betsson
Money deposited in casino must be used for gaming activity. Due to this, all deposits need to be wagered at least 1 time. If a player is suspected of money laundering or other fraudulent actions, the casino has the right to request that the deposits need to be wagered at least 3 times.

Nobonus Casino
A player, who wouldn’t have placed any bets, cannot withdraw any money from the casino Account. A player always needs to have placed at least his deposit amount in bets before he or she is able to withdraw the money.

So is 3x excessive? That should be the topic to be debated. And just to add, this is not a hidden term. It is right there clear as day. Also, most of you are aware that I rarely if ever take a bonus - my play is pretty much non-bonus play and I have NEVER had an issue withdrawing any winnings - ever, I am pretty sure - due to not meeting some sort of wagering requirement for non-bonus play.
 
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