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Reverse of withdrawals should it be aloud

Discussion in 'Online Casinos' started by spintee, Jun 8, 2014.

    Jun 8, 2014
  1. spintee

    spintee Meister Member webby mm2

    Occupation:
    gambler :)
    Location:
    Northants
    Most of us have been there & bought the tshirt & smoked the cigar, But should casinos really allow this to go on?

    I myself do it on a constant basis, Being that fast casino payouts you rarly win but when it comes to a site where your cash is on hold for a few days you seem to get a good hit untill you reverse it and lose than make more depos, Sound familer :)

    Reverse is there for a reason & hopefully when the new regs hit they should stop it, If you withdraw than should be game done, fair enought if they want to hold on to your cash a few days than let it be, But please do not give people a chance to reverse,

    Whats your thoughts on this tactic considering they most have links to gambling help ect yet they ecourage you by doing this,

    By the way I not moaning because I have had a loss or just because I have just done it :) Its a bad thing for casino to do this
     
    1 person likes this.
  2. Jun 8, 2014
  3. Tirilej

    Tirilej Still a Lady CAG

    Occupation:
    Breathing
    Location:
    Sweden
    I see it as my money so if I want to act like an idiot so who's to stop me? ;)
     
    2 people like this.
  4. Jun 8, 2014
  5. spintee

    spintee Meister Member webby mm2

    Occupation:
    gambler :)
    Location:
    Northants
    I do not get that, But thats the point no 1 will stop you other wise they would not do it
     
  6. Jun 8, 2014
  7. Tirilej

    Tirilej Still a Lady CAG

    Occupation:
    Breathing
    Location:
    Sweden
    To play with your money demands responsibility.
    You should use that way of thinking when it comes to reversing too.

    Be strong!
    I know it's not easy but noone force you to reverse. Fight the casinos the right way and don't let them win.
    They are anyway ;)
     
    3 people like this.
  8. Jun 8, 2014
  9. bigjohn

    bigjohn Meister Member MM PABnoaccred

    Occupation:
    Swimming Pool Serviceman
    Location:
    Northeast Coastal USA
    I think in jurisdictions where the transfers of money to and from the casino cost the casino nothing or very little there should probably be little to no reverse time.

    Do the casinos want you to reverse and lose it all back? Sure they do, but I think there is another reason.

    If a player deposits $20 and a few minutes later they withdraw $25 and then deposit $20 again the casino just had to do 3 transactions. If they have to pay a dollar or two for each transaction or a percentage like with credit cards they just lost their house edge on that player.

    Online wallets that offer fee free transfers for their customers are not charities either, somebody is paying them for their service.

    The scenario I outlined above may not be the norm but I can easily see it happening with a great many players potentially costing the casino a lot of money. Perhaps they could institute an instant flush based on a percentage, say a withdrawal for 4X your deposit or more would be non-reversible.
     
    5 people like this.
  10. Jun 8, 2014
  11. spintee

    spintee Meister Member webby mm2

    Occupation:
    gambler :)
    Location:
    Northants
    I agree but its hard after its been sitting there, Its not like I am skint either, I have a few more funds for this weekend, I think I might start only playing sites that quick withdraw from now on even if my lucks not there, At least if win its in your bank next day, To name a few, Coral casino, guts, vs,
    Happy Spinning
     
    1 person likes this.
  12. Jun 8, 2014
  13. davos11

    davos11 Experienced Member

    Occupation:
    self employed
    Location:
    uk
    I to have a problem with this but also have mixed opinions on it .

    A gamblers weakness is always patience and greed ,Sometimes it may take a moment of strong mindedness to say ok time to stop , be it on a winning or losing streak ,When you stop and make that withdrawal , That is you having the willpower to say enough is enough i am either cutting my losses or i am taking what i have won and running with it ,

    The fact some casinos now have a mandatory period of sometimes 48 hours where the money just sits in limbo i think is terrible and just preying on any weakness in the players mind

    if you do reverse then this in no way affects future game play and you have as much chance winning with reversed funds as any other but for again this is just another delaying tactic , this feature probably makes the industry millions if not billions over a yearly period , rather than be a feature to help players .

    I mentioned this type of thing in a thread yesterday ,Alot of procedures or features that seem to have come into play in the last handful of years are there solely to make the casino more money rather than give players a more enjoyable experience , gambling is a risky business and they make the vast majority of there money from problem gamblers , I know your from the uk to , I would personally do the same as me and just go play at the uk based sites , William hill / skybet etc , you get your money sometimes within hours mate , no fuss , no docs , no stupid rules are foreign jurisdictions


    1. The odds are stacked against you winning in the first place and favour the casino.

    2. If you have taken a bonus then to get through the wagering requirements even with a decent win to start you off usually ends in failure ( our own fault in taking over inflated WR bonus of 25 x D+B and higher .

    3. Then having the patience not to touch any winnings you did manage to keep hold of for anywhere between 2-4 days depending if its close to the weekend or not while they are available for reversal .

    So you have 3 hurdles to over come instead of just 1 , You really need to have a think as i have done about what your trying to accomplish , Do you want to win some money or have a few hours of entertainment as you cant usually have both , Sure getting a 200% match on a low deposit is great and on low stakes means you can play for a few hours and get some good bonuses but it usually ends in an empty balance or would you prefer to take the risk of playing straight up without a bonus , maybe hitting a good bonus quickly and taking what you have got and running at the expense of having another hour or two of play / fun .

    Eliminate all the wagering , t's and c's , reversal periods , documents and just stay uk and then all those problems go away and if you have the willpower to stop on a winner then in a few hours that money is in your bank and you can go and celebrate with a few pints , Job done :)
     
    3 people like this.
  14. Jun 8, 2014
  15. spintee

    spintee Meister Member webby mm2

    Occupation:
    gambler :)
    Location:
    Northants
    I agree bigj but if lose or win I think that the casino would rather you put cash in there site than others, I agree It does cost casino site for transactions and like you said if people do 10 x20 quid deposits in a week and a few withdraws it might not be worth there while,
    But I really think that small deposit players like myself that does put the casino in profit,
    With the ewallets yes we are paying them, They no if you win on casino than its getting paid back to them and they charge for withdraw to bank,
    I also agree if you win certain amount x your depo than that claerly shows a nice win it should be locked, But agin to my post I deposit like 10-20 quid but can be over a nuber of sites all day long, I do not really win much, I get a nice hit somtimes a few hundrud x my bet, It would be nice to have that cash and not put all back in,

    Also now days on alot of sites you are charged with deposit and withdraws, Again my self as a small roller it can make a diffrense but at least you get the money and well worth the few quid
     
    1 person likes this.
  16. Jun 8, 2014
  17. spintee

    spintee Meister Member webby mm2

    Occupation:
    gambler :)
    Location:
    Northants
    Cheers mate, Yes from U.K, I think Im gona stick to casino I no best from now with no reverse time, I not moan but I realy think its a disgrace for any casino to do this, Them few beers sound good and could of bought a few lorrys full if I nether reversed :)
    But saying that it does not help after having a few lol (beers),
    Im not 1 to moan but would really like to see some changes, I can go in deep about the casino practises but will not make no difference

    I wish us the best of spins
     
  18. Jun 8, 2014
  19. Googobucs

    Googobucs Meister Member

    Occupation:
    IT Manager
    Location:
    Florida, USA
    I try really hard to not reverse but I do on occasion. Some times it pays off, and sometimes I kick myself. I've gotten in the habit now of always asking support to flush it as soon as I make the withdraw.
    For places that don't flush, I've found that just the ridiculous chat like "what's a flush mean" or "that bonus does not allow video poker" is enough for me to not reverse.
    I've stopped playing at any place that has long delays and does not flush.

    I get what your saying though. I currently have 2 pending withdraws since Friday and only 4 places that I currently play at so my selection for the rest of the weekend are limited.
     
  20. Jun 8, 2014
  21. catapultaudio

    catapultaudio Senior Member

    Occupation:
    Computer Programmer
    Location:
    Leeds, UK
    Anybody know how much Skrill/Neteller charge the merchant? I've never worked with them in the past only paypal, where the fees are pretty crazy in all fairness but they provide so many services to users free of charge unlike Skrill who are charging you to upload money, withdraw money, send it to another user... all things that are free at paypal.

    Skrill must be a proper goldmine if they are charging the casinos a chunky fee for the service on their end as well.. !!

    Oh, with regards reversing ..I'm against anything that tries to dictate to the public what they can or cannot do with there own money, the fact so many of us have used this service regularly shows that on some level we actually do want it .. no matter how much we kick ourselves for using it if we lose our money sometimes !! It's particularly important to honour this principle in the gambling world, when so many are determined to stop us gambling altogether - IE ... protect us from ourselves at any cost.
     
  22. Jun 8, 2014
  23. Mousey

    Mousey Ueber Meister Mouse CAG

    Occupation:
    Pencil Pusher
    Location:
    Up$hitCreek
    I hate long 'pending' phases. USA players are accustomed to 4 or more days (more if you have to add in weekends) with no flushing.

    However, having said that... I've taken a pair of shoes back to the store as they didn't fit properly. I'm allowed a refund or exchange. I'd love to have a new pair of darling shoes that I really don't need and probably won't even wear, and I could use the money for more practical things, but it's my money. So... Should the store stop me from buying them?

    How far should casinos take their role as Nanny?

    If you have a withdrawal pending, most of the accredited casinos should allow you to lock your account for a few days or a week or whatever till you get your withdrawal.

    Only you can stop you. If you are constantly withdrawing and reversing, you might want to look at finding another hobby to fill in the wait times - or find another form of entertainment altogether.
     
    2 people like this.
  24. Jun 8, 2014
  25. davos11

    davos11 Experienced Member

    Occupation:
    self employed
    Location:
    uk
    Your either a responsible gambler or not right so as a responsible gambler or indeed NOT , Should you have the right to opt out out of reversals ,I don't mean get fast tracked to the withdrawal stage , I mean just have all withdrawals on your account locked , so no reversing ....

    If this is a feature set up to help players or enhance there experience but for certain players they find it the complete opposite ,They should have a choice ,If they are not given that choice i do believe the system is there to take advantage , Solely . Of those type of players

    But lets face it there are casinos that make there money by being the best they can possibly be ensuring players will always return and there are casinos that make there money by trying there hardest to stop any winnings leaving there hands
     
  26. Jun 8, 2014
  27. Simmo!

    Simmo! Moderator Staff Member

    Occupation:
    Web Dev.
    Location:
    England
    Two years ago - or even one year for that matter - this thread would have resonated with me. However, with many casinos all now moving to open platforms, the games choice is becoming very similar and I can now play Playtech, Microgaming, Aristocrat, Novomatic and WMS games primarily at casinos with no reverse time whereas before, some of those games weren't available. Some others offer flushing which is reasonable but it's a bit of a chore that you don't need now anyway if you don't want to.
     
    2 people like this.
  28. Jun 9, 2014
  29. horseplayer

    horseplayer Senior Member MM

    Occupation:
    NA
    Location:
    Charlotte, NC
    I wouldn't have a problem with reversals if it didn't reset the clock. I suspect most that do a reversal, will also resubmit a withdrawal and not use all of the original withdrawal request. The problem then becomes you lose the few bucks you wanted to play with and are back at square one waiting another week to get your withdrawal.
     

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