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akneverwin

[Edited:] Cashmio - Max bet bonus terms

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Their first deposit bonus is extremely predatory. The terms involve a myriad of restrictions like all casinos but the one that got me was the $5 max bet restriction. Normally, this is fine but the max bet is not restricted when placing bets. I managed run up a small sum but only when I requested a withdrawal was I informed about the max bet restriction. They then proceeded to confiscate all but the initial deposit! I'm sure they would have had no problems taking my "bad bets" had I Lost my money. Beware!

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Hello there and welcome to AskGamblers Forum. 

Afraid there's absolutely nothing 'predatory' in the max bet rule since it's pretty much used and implemented by any modern online casino you could think of. 

In your place, would use the occasion to learn my lesson, accept it and move on. 

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I agree, and I've decided to withdrawal the initial deposit and move on. However, I feel that its worth calling out this particular casino for their max bet rule because of the way they handle it.

The "freeroll" aspect of their terms with respect to confiscating all wins and not compensating or preventing lost bets on $5+  is most definitely predatory. Its all upside for the casino and zero upside for their clients. If I win, the entire bonus balance is null and if I lose the balance is not replaced. Lose. Lose.

Just because its included in their terms does not make it an acceptable rule. If a casino decided to include a "bonus wins are confiscated regardless of outcome of casino games, its just for entertainment" in their ToS, would that also be non predatory?

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Again, this is exactly what any online casino would do in a situation when the max bet rule has been violated. No drama, no suspense and nothing unusual here. 

Re the so called casino terms, keep in mind these have been constantly reviewed and approved by the relevant regulatory body which means if you have any particular concerns about their fairness you may forward the matter to the regulator and check what their response would be. For all these years I never saw or heard of any online casino operator been fined by any serious regulator for unfair terms...  

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