whats your opinion on these terms

shadow123

Ueber Meister
MM
Joined
Mar 19, 2008
Location
midlands
Just wondered whether other players consider these to be reasonable withdrawal terms for UK based MG bingo/flash casino site.
Not keen on the 3 times WR deposits + bonus for bingo play, not sure if there
is a an opt out on the automatic 25% bonus given all deposits.
I have only made 1 withdrawal from here and they incorrectly tried to use
the first deposit rule to block the withdrawal but did admit the mistake and
processed the withdrawal

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babs7262

Banned User
Joined
Oct 9, 2006
Location
PA
IM Kinda confused on the problem, so if you dont mind Ill tell you what I read and you tell me if Im right. (sometimes thsi helps me)

OK, You go play at a bingo site. The rule is that you have 3 times the WR before you can cash out for the first time. You cashed out after your first win after getting through the WR

You go and make a 2nd dep, you win and they made a mistake because they overlooked the fact that it wasnt your first cashout but then fixed it and paid you. DId I read that right?

If I did....sometimes people make mistakes. If they apologized and paid you, I dont see a problem. Chit happens. BUT...if they refused to pay you even though its your 2nd cashout, you would have a right to be upset.
 

shadow123

Ueber Meister
MM
Joined
Mar 19, 2008
Location
midlands
I have no complaints with the site, just thought the withdrawal terms
were a bit restrictive for an established UK site and was wondering what
other players felt about them. The 3xWR is for all deposits as far as I can see
which gives me little incentive to deposit more than very low amounts
 

babs7262

Banned User
Joined
Oct 9, 2006
Location
PA
3 times for ALL deposits even if you dont take a bonus??? I wouldnt play there, especially for a UK site, like you said, its not like UK is banned
 

shadow123

Ueber Meister
MM
Joined
Mar 19, 2008
Location
midlands
Think the bonus is automatic, I cant see an opt out but maybe not looked too hard.If there is no opt out,the 3 x WR does seem to apply to all deposits
As the standard bonus is 25%, on a deposit of say 50 the WR is 187.50.
The 25% bonus is for bingo play only and cannot be withdrawn.
 

Simmo!

Paleo Meister (means really, really old)
Joined
May 29, 2004
Location
England
So reading this right, you're saying that it's on all deposits, irrespective of whether a bonus is applied? Although I'd guess the bonus is regular?

Thinking about that based on this assumption, I would guess there is some logic, but I don't play bingo so this is speculative. Processing costs are high and one would imagine the average deposit for a bingo player is generally low. Additionally, when you win on bingo, I assume the win is generally a fair bit above 3x your bet?

So maybe, it's designed to stop players putting in 5 and taking out 10 on a regular basis as I would imagine the number of transactions involved might actually mean a loss for the bingo room. And if the average win is greater than 3x, then in theory this shouldn't be restrictive for small depositors, although I agree it is an issue for big deposiors and would be offputting. Guess it depends on the nature of the bingo player - low rollers generally?

I know from chatting to casino reps that small players who regularly deposit and withdraw small sums are actually loss-leaders for a lot of them, not because of the sums won, but because the costs involved can more than negate the house-edge on many games, so maybe this is designed to minimise the impact of that?

Only a guess.
 
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