Sheet W04 Revision 1 Counted 16 October 2026
Ethereum casino: the charge that ignores the size of the payment
A transfer fee on this network is quoted in the network’s own unit, and what fixes it is the traffic on the network rather than the size of the payment. Priced at £1.20 against a £60.00 payment that is 2 per cent, which buys 588 spins where £60.00 should buy 600, and moves the break-even demand from 25 turnovers to 24.5. Charge the same £1.20 on the way out and the round trip costs a full turnover.
Sent in £60.00 A spin at 10p Comes to 588 spins, not 600
What a transfer fee comes to in spins
Every destination on this board is bought advertising. The site takes a fee if a reader goes on to register, and no figure printed below moves because of it.
The Spin Count
Gauge No 01
Betportal
Lowest multiple here
Priced at this site's own 10p a spin
What is counted
What is asked
No Great Britain licence
Licensed in Anjouan, Comoros, run by BetPortal Gaming Ltd, with Excite Ultra Media Ltd, reference ALSI-202601040-FI2.
Terms read 16 October 2026
Open the offer at Betportal, opens in a new tabThe Spin Count
Gauge No 02
WinBeast
Largest count here
Priced at this site's own 10p a spin
What is counted
What is asked
No Great Britain licence
Licensed in Curaçao, operator not named on the site.
Terms read 16 October 2026
Open the offer at WinBeast, opens in a new tabThe Spin Count
Gauge No 03
EliteSpin
Longest spin window
Priced at this site's own 10p a spin
What is counted
What is asked
No Great Britain licence
Licensed in Costa Rica, run by PrimeTier Limited.
Terms read 16 October 2026
Open the offer at EliteSpin, opens in a new tabThe Spin Count
Gauge No 04
Crown Jewelz
Multiple unpublished
No foot figure struck
What is counted
What is asked
No Great Britain licence
Licensed in Curaçao, number not verified, operator not named on the site.
Terms read 16 October 2026
Open the offer at Crown Jewelz, opens in a new tabThe figure in the third register is this site's own arithmetic and nothing an operator has published: the count at face, less the share a spin gives back at 96 per cent return to player, less what playing the wagering through costs at the same return. It describes the offer, not one reader's afternoon. Where the conditions price above the count the counter prints nothing rather than a negative sum, and where a figure the sum needs is unpublished it prints the condition in the operator's words instead.
A count has no unit of its own, so one is supplied. Where an operator publishes what a spin of its own is worth, that figure stands in the second register and is labelled as theirs. Where it does not, the second register carries this site's own 10p a spin and says so, and the foot figure moves in proportion: at half the price, half the money. The figure after it, what the count comes to for each spin, is the one that compares a large count against a small one.
Three words stand in the amount column where no figure can. Noted is a published condition that takes value away without leaving the sum a figure to take. Unpriced is a condition whose figure nobody has published, or a credit that is not a sum until a deposit of your own sets it. Own money is money of yours, which is never part of a foot figure.
Not one of the operators printed above holds a Great Britain licence, so the duties that licence carries do not reach them. Every online gambling company licensed in Great Britain has to be part of Gamstop Online, and a reader who has shut themselves out through the scheme is therefore not shut out here. The ceiling of ten times the bonus funds on a wagering requirement, in force since 19 January 2026, is a condition of that licence and binds the companies that hold one. Where a dispute goes instead is a matter for the authority named on the counter, and the Gambling Commission describes what a reader faces without a British licence as a lack of recourse if things go wrong. Nobody under 18 may hold an account at any of them.
Every term printed on a counter is the operator's own, and each counter carries the day it was read. The oldest of those readings is 16 October 2026. What binds a reader is the operator's own full terms, and not a line printed here.
1
Twelve spins, gone before the first one
The cost of arriving is a debit struck before any credit exists. A £60.00 payment at 10p a spin should buy 600 spins. Take £1.20 off it for the transfer and 588 spins are what remain. Twelve spins have been spent on getting to the desk, and no promotion in the world refunds them.
Two things make this network’s fee behave differently from a card charge. Its quotation is in the network’s own unit and not in pounds, which means its pound value rides on the exchange rate. And what sets it is the traffic the network happens to be carrying, rather than the size of the sum going through, so it behaves as a flat charge and not as a percentage.
Shrinking with the sum is the thing a flat charge does not do, and that single property is what this page is about. £1.20 against £60.00 is 2 per cent. The same £1.20 against £10.00 is 12 per cent, and against £500.00 it is 0.24 per cent. Nothing about the charge changes; only the denominator does.
Pounds are the unit throughout. Where a sum is held in the network’s own unit it is converted at whatever that unit was worth when the arithmetic was done. What it is worth now, or next week, is not something this site can source, and so it says nothing about it. The £1.20 is this page’s own working figure for a transfer, chosen to be arithmetically convenient and not published by anyone.
2
One charge, seven payments
Set the charge at £1.20 and vary nothing but the amount sent. The percentage falls as the payment rises, and so does the damage to the break-even demand. The starting point is 25 turnovers, arrived at from the 4p a pound sheds on a pass through a reel game: twenty-five such passes and the pound has gone. A toll of T on a payment of B moves it to 25 multiplied by one minus T over B.
| Sent | What the charge is in percentage terms | Spins at 10p | Spins lost to the charge | Break-even demand |
|---|---|---|---|---|
| £10.00 | 12 per cent | 88 spins | 12 spins | 22 turnovers |
| £20.00 | 6 per cent | 188 spins | 12 spins | 23.5 turnovers |
| £40.00 | 3 per cent | 388 spins | 12 spins | 24.25 turnovers |
| £60.00 | 2 per cent | 588 spins | 12 spins | 24.5 turnovers |
| £100.00 | 1.2 per cent | 988 spins | 12 spins | 24.7 turnovers |
| £250.00 | 0.48 per cent | 2,488 spins | 12 spins | 24.88 turnovers |
| £500.00 | 0.24 per cent | 4,988 spins | 12 spins | 24.94 turnovers |
The fourth column never moves. Twelve spins is the whole of what the charge takes, at every payment size in the table, and the reason the top row hurts is that twelve spins is a larger share of 100 than of 5,000. Anyone sending small amounts through a flat charge is paying a percentage nobody quoted them.
The last column is the one to carry into the terms. Every 1 per cent a rail keeps costs a quarter of a turnover off 25. At 2 per cent the crossing is 24.5, at 6 per cent it is 23.5, and at 12 per cent it is 22. Against a licensed ceiling of ten turnovers those movements are immaterial. Against the thirty and forty times conditions found beyond that ceiling they are the least of a reader’s problems.
12 spins is the whole cost of the charge at every payment size
3
Two charges, one each way
A payment in is half the journey. Money comes back out through the same sort of transfer, and a second charge of £1.20 lands on the way. The round trip on a £60.00 payment is therefore £2.40, which is 4 per cent of the sum, and 4 per cent is exactly one turnover off the crossing: 25 becomes 24.
That equivalence is worth keeping because it is easy to use. A round trip costing 4 per cent of the payment has cost a reader one full pass of their money through the reels. At 8 per cent it is two passes. At 20 per cent it is five. Whatever the rail, the conversion holds, because 4 per cent is the edge the arithmetic on this site assumes a reel game takes.
| Charged each way | Round trip in pounds | Share of £60.00 | Turnovers lost off 25 |
|---|---|---|---|
| 30p | 60p | 1 per cent | a quarter of a turnover |
| 60p | £1.20 | 2 per cent | half a turnover |
| £1.20 | £2.40 | 4 per cent | 1 turnover |
| £2.40 | £4.80 | 8 per cent | 2 turnovers |
| £6.00 | £12.00 | 20 per cent | 5 turnovers |
Two further points of arithmetic sit under that table. The first is that the charge out is levied on the sum being taken out, not on the sum that came in, so a reader withdrawing £200.00 of winnings pays the same £1.20 as one withdrawing £5.00. The second is that withdrawing in pieces multiplies the charge: four withdrawals of £50.00 cost £4.80 where one of £200.00 costs £1.20.
A rail of this kind therefore rewards few large movements and penalises many small ones, which inverts what a reader keeping an eye on their spending would otherwise do. The tension is real and worth naming aloud, since it is the single point at which what a rail costs argues against a sensible habit.
4
The rate between the two ends
There is a second quantity in this rail and it is not a charge. Between the moment a sum is sent and the moment it comes back, the unit it is held in has its own price, and that price moves. On £60.00 a move of 5 per cent comes to £3.00 whichever way it goes, which is two and a half transfer charges.
The honest treatment is to call that a variance and not a cost. It has no sign in advance. What can be said is its size relative to everything else on this page: a 2 per cent move is the whole transfer charge, a 4 per cent move is the whole round trip, and a 20 per cent move is five turnovers of the crossing. The reader who sends £60.00 and plays for a week is carrying that exposure whether they wanted it or not.
| Move while the balance sits | In pounds on £60.00 | Equal to | Turnovers of the crossing |
|---|---|---|---|
| 1 per cent | 60p | half a transfer charge | a quarter |
| 2 per cent | £1.20 | one transfer charge | half |
| 4 per cent | £2.40 | the whole round trip | 1 |
| 10 per cent | £6.00 | five transfer charges | 2.5 |
| 20 per cent | £12.00 | ten transfer charges | 5 |
Nothing on this site forecasts that figure, and nothing here should be read as a view about it. The point is one of proportion. A reader worrying about £1.20 while holding a balance that can move by £6.00 in a week has the two quantities in the wrong order.
a 4 per cent move in the rate equals the whole round trip on £60.00
5
The same charge at four spin prices
A charge expressed in spins depends on what a spin costs, and 10p is this site’s working price rather than anybody’s rule. Raise the price and the charge shrinks in spins while staying identical in pounds. A table earns its place here, this being the single spot at which a toll can be made to look smaller while staying exactly as large.
| Price of a spin | Spins the charge eats | Spins left of a £60.00 payment | Share of the payment |
|---|---|---|---|
| 5p | 24 spins | 1,176 spins | 2 per cent |
| 10p | 12 spins | 588 spins | 2 per cent |
| 20p | 6 spins | 294 spins | 2 per cent |
| 50p | 2.4 spins | 117.6 spins | 2 per cent |
The final column is the honest one. A toll is a share of the money, and the share does not care what a spin costs. Quoting it in spins makes it vivid and also makes it manipulable, which is why the share sits beside the count in every table on this page.
A desk may add a charge of its own on top of the network’s, and where it does the two stack arithmetically rather than competing. Suppose a desk adds 2 per cent to a £60.00 payment: £1.20 of its own alongside £1.20 of network charge, £2.40 in total, 4 per cent of the payment, and a crossing at 24 before any withdrawal has been requested. The round trip then runs to £4.80 and two turnovers.
The other term that interacts with a flat charge is a minimum payment. Where a desk will not accept less than £20.00, a reader who wanted to risk £10.00 has two options and the arithmetic dislikes both: send £20.00 and carry twice the exposure intended, or send £10.00 somewhere the charge is proportionately worse. A minimum of £20.00 against a £1.20 charge fixes the lowest toll available at 6 per cent, which is a crossing of 23.5.
£1.20 is 2 per cent of £60.00 whatever a spin happens to cost
6
What the British rulebook has to say
On this network, and on every other, the British material is silent. No provision permits a unit of this kind as payment for gambling, and no provision prohibits one by name. A reader looking for a rule that settles the question will not find one, which is a fact worth stating plainly rather than filling with inference.
What the material does regulate is a single rail, named once. A licensee accepts no payment for gambling made on a credit card, and a money service business put in the path of such a payment is caught by that same refusal. 14 April 2020 is the date. One rail, one detour shut, and silence about every other method.
Three duties do bear on a desk that quotes in a network unit, and they bear on it hard. Identity is obtained and verified before a customer gambles at all, and three particulars are the minimum gathered: a date of birth, a residential address, a full name. A free bet, or a bonus, is play inside that duty as well. So do the free-to-play versions of games, which are outside gambling altogether because no prize attaches, and which a customer reaches only once an age check has been done.
The consequence for this rail is direct and it does not require a rule about networks. Where a desk sells an account that opens and takes money with no name attached, no address and no date of birth, what it sells is something a Great Britain licence will not carry. Whatever is quoted about transfer charges, that is the sentence that places such a desk.
The second duty is a financial limit. Facilities for a customer to fix their own limit are provided and easy to reach, available from registration onward, and a prompt to set one arrives either while registering or as the first payment is made. The third duty concerns the deposit balance. Whatever a reader paid in stays theirs to take out, with no ceiling written over it by any term, and the drafting published as an example of failure permits £50 inside a day; £500 inside a week.
7
Whose rulebook the desk names instead
A desk taking payment on this network generally names a regulator somewhere, and the names repay reading rather than skimming. They are not interchangeable, and the differences between them are matters of what each body publishes.
| Body named | What its own material shows | What cannot be said about it |
|---|---|---|
| Anjouan Gaming | A commercial domain, a stated authority over internet gaming, a public register and a verification tool | What its complaint route contains, because the page would not load |
| Malta Gaming Authority | An Act with directives, an enforcement register, a searchable licensee register and a formal complaint form | Any time limit, any residency rule, or whether a decision binds |
| Kahnawà:ke Gaming Commission | A gaming law empowering regulations, five licence types, and complaints reviewed under those regulations | How long a review takes, which its material does not state |
| Costa Rica | Nothing. No regulator’s own website could be found at all | That a registration there amounts to gambling regulation |
The first row is the one that turns up most often beside a payment page of this kind. The body issuing it keeps its material on a commercial domain and not on a government one. Its own role it describes as the licensing and the supervision of internet gaming, as the body designated for that work. Above itself it names an offshore financial authority, established, on its account, under laws belonging to an autonomous island inside the Union of the Comoros. Ordinance, Act, regulation: the site names not one of the three.
There is a player complaint process advertised, with a list of authorised dispute providers beside it. An error came back from the complaint page when it was opened, on 15 October 2026, which leaves that process unknown in its contents here. Its time limits: unknown. Whether any decision would bind an operator: unknown. What remedies it offers: unknown. The absence is itself the finding, and nothing taken from another jurisdiction may be used to fill it in.
Malta is a different sort of jurisdiction and should not be bundled with the rest. A statute with directives, two registers and a complaints form whose stated purpose is the lodging of a complaint against the authority’s own licensees. The omissions from that form are as useful as its contents. A deadline is not given. A residency rule is not given. The extent of the authority’s own powers is not given. Nor is there anything to say whether an operator would be bound by the outcome.
8
The register, and what it settles
One test answers the question this page is built around, and it takes about two minutes. Cashiers taking a coin at a flat charge hold no Great Britain licence, and the test is how a reader confirms that for themselves rather than taking it from a page.
Three steps. Find the licence statement, usually in the footer, and take the number out of it. Search the public register on that number and open the entry it produces. Set the domains shown on that entry beside the address in the bar and read them character by character. No matching entry means no licence for the site in front of you, whatever the footer claims.
Software is no substitute. Games supplied by licensees have turned up on sites holding no licence at all. One supplier parted with £4.75m over six of them, each within reach of consumers here. So a reel set a reader recognises tells them nothing whatever about who is holding the £60.00.
A warning notice from the regulator, dated 20 January 2025, sets out what is missing. Controls may be inadequate, the social responsibility ones as much as those aimed at money laundering. Risks left sitting with the customer include fraud, issues over the privacy of data, and practices that are unfair. Targeting tends to fall on vulnerable customers, including those who have self-excluded. None of that concerns a payment rail. All of it concerns where the rail ends up.
Duty follows the player regardless. Remote gaming profits carry a 40 per cent charge from 1 April 2026, and the charge reaches an operator wherever it is based once it offers gambling to someone who usually lives here. A desk outside the British licence is inside that charge and outside every protection named above.
9
Priced, not ranked
Entries stand in an order set by one rule, applied the same way wherever it appears on this site. An entry sinks as the chance of a reader getting their own money back shortens. Scores are not published, best is not a word used here, and no way of paying lifts an entry at all.
On the arithmetic above, a transfer on this network costs 12 spins out of 600, moves the crossing from 25 to 24.5, and costs a full turnover over the round trip. Those are small numbers. The large ones are the protections a reader gives up to use a desk that takes the payment at all: ten as the cap on a demand; a name and an address verified ahead of play; cards turned away; a limit on offer from registration onward; a deposit balance beyond rationing; eight weeks as the outside limit for a final answer, and an approved adjudicator past that point; and a self-exclusion with the operator inside its reach.
Price the rail, by all means. Then notice that the rail is the cheapest thing in the transaction.
Questions
- What does a transfer on this network cost in spins?
- At this page’s working figure of £1.20 a transfer, and 10p a spin, it costs 12 spins. A £60.00 payment buys 588 instead of 600. The 12 spins are the same at every payment size, which is why a small payment suffers most.
- Why is the fee not a percentage of what I send?
- Because it is set by how busy the network is rather than by the size of the transfer, and it is quoted in the network’s own unit. That makes it behave like a flat charge: £1.20 is 12 per cent of £10.00 and 0.24 per cent of £500.00, with the charge itself unchanged.
- By how much does a toll shift the break-even point?
- Every 1 per cent held back moves it a quarter of a turnover. The 25 is arrived at from the 4p a pound sheds on each pass through a reel game. So 24.5 is what a 2 per cent toll leaves standing, and 22 is what 12 per cent leaves.
- What does the round trip cost?
- £2.40 on a £60.00 payment where each leg is £1.20, which is 4 per cent and exactly one turnover off the crossing. Withdrawing in pieces multiplies it: four withdrawals of £50.00 cost £4.80 where a single £200.00 withdrawal costs £1.20.
- May a licensed casino be paid on this network?
- British material gives no answer either way. Nothing in it permits a unit of this kind as payment for gambling, and nothing in it names such a unit to prohibit it. The one rail addressed is the credit card. That has been refused since 14 April 2020, a money service business included in the refusal.
- Can such a desk give me an anonymous account?
- Not under a Great Britain licence. Before a customer gambles, identity has to be obtained and verified, and three particulars at least are gathered: a name in full, an address where the customer lives, a date of birth. A bonus is play inside the duty; so is reaching the free-to-play version of a game. An anonymous account is therefore something that licence does not permit.
- Should the exchange rate be counted as a charge?
- It is a variance rather than a charge, having no sign in advance. Its size is worth knowing: a 5 per cent move on £60.00 is £3.00, which is two and a half transfer charges, and a 20 per cent move is five turnovers of the crossing.
- Which regulator do these desks name?
- Most often a body publishing on a commercial domain under an offshore financial authority in the Union of the Comoros, which names no ordinance, Act or regulation on its site. On 15 October 2026 its complaint page would not open, which leaves the contents of that process unknown here. Malta, by contrast, has a statute, registers and a complaints form, though no stated time limit.
- How do I check whether a cashier is licensed here?
- Take the licence number from the footer statement, enter it on the public register, open the entry and compare the domains it lists with the address bar, character by character. Recognising the games proves nothing: one supplier paid £4.75m after its titles were found on six unlicensed sites reachable from here.
- At a desk outside the British licence, what is lost?
- Ten as the cap on a demand. The £5 and £2 ceilings on a cycle of a reel game. The floor between one cycle and the next. Verified identity ahead of play. A card refused at the desk. A limit on offer from registration. A deposit balance nobody may ration. A final answer inside eight weeks, with an approved adjudicator to escalate to. And Gamstop’s reach, which extends to participating operators and no further. Duty at 40 per cent stays, following the player.