The widespread trend of social/sweepstakes casinos! Are these considered legit online casinos? (strana 3)

Good news. Support finally got back to me this week and apologized for making a mistake on the 1099-MISC. After they reviewed my history , they agreed that all I withdrew was $4500 and not $15,700. I was so happy and relieved. I think Im going to take a break for a couple of months, Besides I notice I'm not winning at all right now. So just wanted to let you guys know the end result. I didnt ask how the mistake happened, I'll ask later when I start playing again. So thank you Zena5755 and Radka for all your help. You all are AWESOME!!!!!

I lost track of how many times you have experienced issues in casinos. It's not funny, I know. 🙂

Just to keep myself in the right perspective, you are not speaking about social casinos now, are you?

Even if you are, I agree that sometimes third-party providers are part of the unnecessary delay, and hopefully, the solution and also your happy end are both around the corner!

Yes this situation is a social casino. Lol

Sweeptastic.com

Hey! I'm so glad for you!

Even though I still don't fully understand the sweepstakes model, which seems to be closer to the real money payout, at least in my opinion, it's great to see your trouble resolved.

The credit goes all to Zena5755, though.

For now, let's hope there are no further surprises. And if you find anything you would like to discuss, our community will be here for you. 😉

I'm glad it worked out for you. That was a big mistake someone made. Human error! You actually had me thinking that I could possibly be taxed on winning spins without redeeming.

😀

Oh my! 😀

Anyway, could you please explain to me, how you managed to get real money winnings in such a sweepstake? I imagine I sound dumb completely, yet I still don't understand where these winnings come from, when players play with in-game currency - coins.

I have an idea, though - If I'm not mistaken, if you accumulate enough in-game coins, you may exchange it for a coupon, perhaps? Something redeemable,... This "conversion" and the final "withdrawal" are both parts I could use some help with. 🤔

Sorry to bother you. It's just that you are so helpful around the forum.

Basically it’s like this. They found a loophole which i credit who ever that thought it is a genius. 2006 Bush signed a bill that made it illegal for banks to fund or transfer money into a casino for the purpose of gambling. This person who thought out of the box and twisted a simple word and said, look, we going to open a casino but we’re going to call it a social casino where people can come and purchase fun gold coins whith no monetary value where they can play these games with friends and have fun and for for buying these fun coins, we’re going to give you these sweep coins which has monetary value of 1 sweep coins = $1 for free. so if you buy $100 worth of gold coins will give you 100 sweeps coin for free. That right there is key to making it legal. you’re buying gold coins - no value but we give you 100 sweep coins - has value for free. you can play those sweep coin on a different platform excuse my terminology where you can try to win more and after redeem these sweep coins at $1 = 1 sweep coin for gift cards or cash out those free sweep coins for a cash prize. since you didn’t buy the sweeps coin but received it for free, it’s considered a prize. even though your playing it just as if it is cash but legal term it’s free so it’s a prize. Thus born the social casino. Best way to withdraw pretty much within a day is by skrill. when you fund skrill they ask is this to fund an online casino. you click on no and there you go. you deposit into a social casino which is selling gold coins to play for fun and they give you free sweeps coin where you can redeem for money or gift cards. that’s why you can use your credit card or debt card because your buying funny money and not real money. There you go. I hope that helps explain things better

and when you do your taxes you can not claim any losses because you bought gold coins to play for fun and what you win is with freee coins. i typed it in AI and everytime it would say it depends on the interpretation of of how the person wants to perceive it. legally it’s legal due to a technicality but everyone knows the truth. because they worded it that way, it makes it legal. That’s why i was thinking before if it becomes legal it’ll be because someone twisted a word a tad bit and it becomes a total different meaning. I wish i paid attention in english class better because these past few years i realized how importance words are and how it can be used to your benefit.

i’ll be honest with you, i play so much that i start to see things when i play online. Patterns, streaks, control programs. And this is for all online casinos. i’m not going to post it either because that’s basically a death wish for me if I do meaning I’m not going to screw myself if i want to continue playing online. it’s not a 100% or even close to anything special. I will say this, if you have discipline and control and you don’t play on your emotions. Let me be honest, if I had t what I just said, I’d be a rich man. But truth is most of us a degenerate compulsive gamblers that has no patience to wait for a withdraw. all rtg casinos make you wait a week or minimum a couple of days because they know we can’t go without gambling and they are betting on us to go back in and reverse the withdraw and lose it back. i honestly have no respect for any RTG casino because they do it purposely so they don’t have to pay out as much. that’s why they will give you no rules bonus of 400% your deposit with no play thru cus they know only a small percentage will have that patients to withdraw and the rest is ching ching in their pocket. at the end i trained myself to withdraw and i started withdrawing more often and around 2-3k per withdraw. what they did was classified me as a certain coupon user where i wasn’t allowed to redeem coupons no more. and when they did allow me to i notice i couldn’t even hit 2 # Kenos. let’s face it, it’s a computer, computers can be programmed. people , people are compulsive when they act on emotions. don’t you notice when you first open an account you win a lot and after not so much. they have to allow you to get that bite and they know they got you for life chasing that feeling again. all free no deposit bonus well most i should say hits pretty well but when you deposit your like wyf? everything i am saying is just my opinion and is not a fact. it’s just speculation but it’s a nice story to listen to.

Its simple. you buy fake coins worth nothing to play with. The fake coins also gives you sweep coins that are real coins as a bonus. If you play with sweep coins and you get lucky you can win. Then they say you can redeem them for cash prizes.

Very clever!

You explained it perfectly. You should forward this to Radka. You explained it better than I did.

You have no idea how helpful this post is!

I was sure this "gambling" segment was invented to pass legal gambling restrictions, yet I was missing the most important pieces. Now, I've been enlightened!

Thank you from the bottom of my heart for this amazing summary.

It would be nice for other players to recognize this model too, because the way I see it when such markets decide not to pay, players do not have much chance to fight back.

What is your opinion on this, please?

Thank you kindly for your explanation! I think we are digging gold veins here. 🙂

Meanwhile, I'm still waiting for my money from sweeptastic. It was processed on March 18th and I still haven't received it. They said they're investigating it. How long does it take to Investigate a bank transfer?

Yep! This is my main interest. When these guys decide not to pay, is there any authority or regulator you could turn to? Like we're used to from standard online casinos?

I'm just asking a theoretical question.

I hope your transfer is okay!

Good question? I really do not know.

Hello Radka & community! So here's my opinion on your question of what, if any recourse players who engage with sweepstakes casinos have in the event of a dispute. I would suggest that in all likelihood it's going reflect what the other online casinos are doing or have done in the past. You're going to hear about a select few who care about their reputation enough that they quickly address any problems and resolve them fairly. There will still be reviews and posts from players insisting they've been cheated or wronged, and perhaps they were, but it's also a fact there's scammers and cheaters on the players side too, trying to get one over on a casino, or that did not take the time to read and understand the T&Cs properly. Then there's going to be a whole lot of casinos that will never operate in a fair honest way, and don't care who knows what scumbags they are, because they answer to no one, not Casino Guru, Gaming Commission, and will operate until there's no more money coming in. Sweepstakes casinos are no different than what's already out there. How many people are just out of luck when a " regular casino" won't pay and blocks the player? Sooooo many as you know. Doesn't matter who they complain to, they will never see one dollar of their winnings. People will just have to do their own due diligence and read reviews and proceed with caution with the social sites. That's about all they can do when it comes to online gambling. There are good and bad ones out there. I hope most people will be able to avoid the bad!

hey there everyone. i’ve been playing all the casinos online from microgaming and RTG in the 2000 to The new Rtg and social casinos. And like she said, there are some reputable site and not so reputable sites. i’ve played at every single social casino and sweeptastic is the only one i careless for. It’s something about that that casino that irks me because of the way the games play where the wins are far apart and payout is really minimal. The other i notice is pulsz doesn’t really allow you to win much, very minimal. the ones that i have experience fair wins to great in no order are as follows. STAKE.US Fortunecoins, definitely HIGH5casino Mcluck Zulacasino sportzino, Chumba is ok, Funrize, Wow casino. all have withdraws in less than a day. fastest withdraw and never gives out bonus because their reputation their attentiveness overall 10 straight across is Stake.us. please note i lost a lot to all these casinos as well but the fun, the experience i give the above casinos are all very very fair. Rtg casino i feel use to be loose but kinda punishes the players that win even tho they dont realize when we win and withdraw. we most of the time redeposit back to that casino to get that high of winning again. Rtg makes the argument of 10 business days for review. another 10 business day to process and another 14 business day minimum to get in your crypto account. very unfortunate cus i do like their games. That’s my experiences and choices of sites. Believe me. i signed up and opened 95% of all online casino sites because i love gambling. Not a good thing i must admit. but it is what it is. have a great weekend everyone.

Update! I got paid yesterday. Asked them why it took so long. What happened and I received no answer?

That's great, I'm glad you got the money. It wasn't short but they gave you the money in the time that we basically give to normal casinos. Do you play in social casinos like this often? 🙂