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Reverse Withdrawal

Discussion in 'Online Casinos' started by Simmo!, Feb 24, 2005.

?

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

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

    188 vote(s)
    82.5%
  2. I like it. As long as its no longer than 4 hours or so.

    27 vote(s)
    11.8%
  3. Very Useful. 24 Hours is good for me.

    11 vote(s)
    4.8%
  4. Love It. Duraton is irrelevant.

    0 vote(s)
    0.0%
  5. No opinion. Just want to see the voting.

    2 vote(s)
    0.9%
    Feb 24, 2005
  1. Simmo!

    Simmo! Moderator Staff Member

    Occupation:
    Web Dev.
    Location:
    England
    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!
     
  2. Feb 24, 2005
  3. Black21Jack

    Black21Jack Dormant account

    Occupation:
    Courier driver
    Location:
    Toronto, Ontario, Canada
    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.
     
    Last edited: Feb 24, 2005
  4. Feb 24, 2005
  5. Slotster!

    Slotster! I predict a riot. CAG

    Occupation:
    al Hazard
    Location:
    Location, Location!
    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.
     
  6. Feb 24, 2005
  7. Simmo!

    Simmo! Moderator Staff Member

    Occupation:
    Web Dev.
    Location:
    England
    I don't need to now ;)
     
  8. Feb 24, 2005
  9. Pepmintpatty

    Pepmintpatty Experienced Member

    Occupation:
    Administration assistant
    Location:
    Usa
    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 :D 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. :oops: 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. :(
     
    Last edited: Feb 24, 2005
  10. Feb 24, 2005
  11. Slotster!

    Slotster! I predict a riot. CAG

    Occupation:
    al Hazard
    Location:
    Location, Location!
    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!
     
  12. Feb 24, 2005
  13. Simmo!

    Simmo! Moderator Staff Member

    Occupation:
    Web Dev.
    Location:
    England
    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.
     
    Last edited: Feb 24, 2005
  14. Feb 24, 2005
  15. KasinoKing

    KasinoKing WebMeister & Slotaholic.. CAG MM PABnonaccred webmeister

    Occupation:
    House-Husband and Casino Advisor
    Location:
    Bexhill on sea, England
    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! :D :cool: ;)
     
    1 person likes this.
  16. Feb 24, 2005
  17. jonevegas

    jonevegas Dormant account

    Occupation:
    Compulsive Gambler
    Location:
    Gods Country Canada
    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.
     
  18. Feb 25, 2005
  19. Simmo!

    Simmo! Moderator Staff Member

    Occupation:
    Web Dev.
    Location:
    England
    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!
     
  20. Feb 25, 2005
  21. Simmo!

    Simmo! Moderator Staff Member

    Occupation:
    Web Dev.
    Location:
    England
    Ok own up! Which MG casino rep voted for "Very Good" :D
     
  22. Feb 25, 2005
  23. universexf6

    universexf6 Dormant account

    Occupation:
    Harakiri
    Location:
    A Country Called Full Of Geld

    The more the casinos are trying to "pend" my money for withdrawal, the
    more I want to cashout. :D
     
  24. Feb 25, 2005
  25. universexf6

    universexf6 Dormant account

    Occupation:
    Harakiri
    Location:
    A Country Called Full Of Geld
    It is not MG casino, sorry, but Starluck flushes your money like toilet water
    very quickly without even pending money for second.
     
  26. Feb 26, 2005
  27. maxlevine

    maxlevine Webmaster webmeister

    Location:
    Montreal
    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
     
  28. Feb 26, 2005
  29. Slotster!

    Slotster! I predict a riot. CAG

    Occupation:
    al Hazard
    Location:
    Location, Location!
    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

    :oops:
     
  30. Feb 26, 2005
  31. universexf6

    universexf6 Dormant account

    Occupation:
    Harakiri
    Location:
    A Country Called Full Of Geld
    Is there any voice from casino operators regading this issue?. Please, speak.
     
  32. Feb 26, 2005
  33. slotchik

    slotchik Dormant account

    Occupation:
    Marketing
    Location:
    USA
    How do you know from playcheck how to figure out wagering without counting each wager individually? Maybe I'm missing something :(
     
  34. Feb 26, 2005
  35. Slotster!

    Slotster! I predict a riot. CAG

    Occupation:
    al Hazard
    Location:
    Location, Location!
    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.
     
  36. Feb 26, 2005
  37. wobble33

    wobble33 Senior Member

    Occupation:
    x
    Location:
    uk
    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.
     
  38. Feb 26, 2005
  39. Simmo!

    Simmo! Moderator Staff Member

    Occupation:
    Web Dev.
    Location:
    England
    Good point :thumbsup:
     

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