whats your opinion on these terms

[shadow123]

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]

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]

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]

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]

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The 25% bonus is for bingo play only and cannot be withdrawn.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!]

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.