ForumGeneral Gambling DiscussionNew to online gambling , what does this mean

New to online gambling , what does this mean

3 years ago by Razz
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3 years ago

Hi , so i was on Bovada and deposited a little to test it out and won a couple hundred and went to withdrawal some to test it out . And so it sees my request but says something to this effect. What does it mean exactly ? thanks " Thank you for your withdrawal request , However, as per our internal Anti Money Laundering (AML) policy, you are required to wager the full amount of your deposited funds before you’re eligible to receive a withdrawal. The pending amount to be wagered is USD 37.50. ".

Edited by author 3 years ago
3 years ago

Also , i noticed that most payouts are like Etherium or Bitcoin , or one of those and apparently a check costs 100 dollars and one has to wait. For someone that does not want to have to mess with any cryptocoins , is there any casino's that can payout ,like to paypal or something?

Razz
3 years ago

Hi, what they described about the AML policy makes sense and it's a standard thing. Basically, some people would like to make their illegally gained funds legal by depositing them into casino and then withdrawing straight away so it would look on their bank account like they won in the casino.

In order to avoid these cases, everyone has to wager the deposited amount few times (just to make sure they really played with the money). It's usually 1x - 5x.

The casino is telling you that you need to wager 37.50. It doesn't mean that you have to lose it. If you just carry on playing and wager 37.50 in total, you should be able to withdraw.

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