Casinos with extremely low daily withdrawal limit

[lima1]

Hello

I found this interesting website just today, spent basically the whole day reading various casino reviews.  I am an avid casino player,  playing for fun on regular basis with smaller amounts.

I noticed today browsing AG that a bunch of casinos from the same family have extremely low daily withdrawal limit, 500 EUR. 

I am curious to ask a fellow players the following:

1. why would anybody play there in the first place? Are players not aware of this limitation or you simply do not care? There are so many complaints regarding this that it is mind boggling

2. what is the reason for such a low withdrawal limit? Is the casino hoping that the player having to wait several days for his money simply cancels the withdrawal and continues playing? On top of that I can see they have up to 72h processing time, I am quite frankly shocked about such methods.

Please educate me

 

[lima1]

What, nobody has an opinion?

[cocopop3011]

Hi and sorry but I think I may have missed your post. A lot of casinos do have some kind of withdrawal limits in place, 500 is obviosuly one of the lower ones. I think people who make complaints are mainly those who failed to read the terms and conditions first, in fact I'd bet money on this!

[ValDes]

Hey there @lima1 and welcome to AskGamblers Forum  

Yeah, kinda missed that post, but you know, better late than never.  

Basically, why people choose to deposit  and play in mediocre online casinos is a million dollar question actually. Yet, it's true and happening all the time with countless amount of online punters despite: 

- the mind boggling amount of casino reviews and posts commenting how unfavorable are these ridiculously low withdrawal limits towards players;

- the mind boggling amount of complaints and negative feedback from real players; 

- the mind boggling amount of people who still refuse to read the terms prior registering and depositing... 

Go, figure it out... 

[pinnit2015]

What’s makes it worse if they have the limit like that and apply 72hour pending periods and you can only make one withdrawal at a time; essence it becomes a 500/3 daily limit. It’s mental; best course would be if people stopped playing in such places to such an extent that they went under. 
 

High rollers shouldn’t be caught out like this; you’d think if you were depositing 2k at once you’d read the terms; lower level players may well just throw money in without reading.

[pinnit2015]

Fortunately I don’t think such limits are overly common these days; you see Redbet paying out 100k in one go, William Hill 106k in one go and Leo Vegas 160k in one go.

All one thing in common; relatively large operations; if rolling relatively high I’d stick with the big boys for peace of mind.

Why? Could be they don’t have much cash behind them and worried of a flurry of payouts; who knows cos I wouldn’t stick a penny in such places  Or they’re just a shower of chancers 

[Eug3dertted]

HAving to wait that long for that amount is nonsense tbh. Maybe they do it with the intention to attract people who dont gambling that much, just to try. These kind of people aren't used to read terms and conditions and don't deposit big ammounts neither.

 

It's still a bad strategy because at the end people feel cheated, don't recomend the casino and even trash talk about it, which is worst and completely natural with this situation. 

[lima1]

Sorry guys that I was not replying earlier, I am simply not getting notifications to my email that somebody replied in my thread.

So yeah I cannot figure out why would people play there and in fact this casino family gets quite decent reviews here on AskGamblers despite the ridiculous low withdrawal limit and 72h processing time. Only a handful of fellow players complained about the withdrawal limits, all other reviews seems to be quite positive, go figure

[cocopop3011]

4 hours ago, lima1 said:

Sorry guys that I was not replying earlier, I am simply not getting notifications to my email that somebody replied in my thread.

So yeah I cannot figure out why would people play there and in fact this casino family gets quite decent reviews here on AskGamblers despite the ridiculous low withdrawal limit and 72h processing time. Only a handful of fellow players complained about the withdrawal limits, all other reviews seems to be quite positive, go figure

Players who have complained about the withdrawal limits though are ones that never read them in the beginning. You can reall moan about a withdrawal limit if you were fully aware of it in the first place lol. 

[lima1]

lol you are so right, but actually I was the stupid guy in the past who never read the terms, life taught me so that now I study terms like crazy

[cocopop3011]

23 hours ago, lima1 said:

lol you are so right, but actually I was the stupid guy in the past who never read the terms, life taught me so that now I study terms like crazy

Don't worry I used to be exactly the same when I joined this forum about  8 years ago. We can all live and learn.

[Afi4wins]

I'm a newbie and I'm not very experienced with online casinos, nor am I that experienced with slot games/table games/sports betting or whatnots. Whenever I get a nice promotional offer in my mailbox from a casino offering a huge deposit bonus plus free spins, my eyes would widened up, with jaws widely opened, and I would suddenly get a huge adrenaline rush to grab that offer before it expires! And before I knew it, I was already a new member at that casino, made a deposit, claimed that huge deposit bonus, and I simply couldn't wait to start playing. Little did I realise, or see, that I have just stepped into a QUICKSAND!!!

Does that sound familiar?

To most players out there, yes. To me, no, because I'm actually a blardy veteran when it comes to slotting...and still slotting! 

What's the morale of the story? To each his/her own! The point is, always watch where you are going, see where you are putting your feet onto, and be aware of what you are stepping on. Never think "oh, it is just some sand, or a mere puddle of water...it could be a quicksand, or a water-logged sinkhole! But of course, if you're walking with your eyes open, you'd avoid the sand or the puddle patch...but nowadays, almost everyone walks with their eyes on their smartphones!!!