Deposit limits | Bitcointalksearch.org

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Quote from: Oshosondy on July 24, 2023, 02:19:20 AM

This is how it is on gambling sites:

Quote

Many of our customers use Deposit Limits to manage their spending. Limits can be set for a 24 hour, 7 day or 30 day period and cannot be overridden

You can decrease your Deposit Limits at any time and this will be applied immediately.

Before increasing your Deposit Limits carefully consider if you can afford to do so. Never decide to increase your limit because you have lost money and think that you will win it back by gambling more. If you wish to increase a limit you will need to wait 24 hours before we action your request and then return to our site to confirm that you still want to increase it.

I quoted it from a gambling site.

This is just an evidence that their is nothing called deposit limit. Assuming you set it to 7 or 30 days and you set it to $100. Once you bet and lose the $100, you can wait for 24 hours to increase it above $100.

Without discipline yourself, you will increase the limit and gamble more. I have been into gambling for many years, this is one of the problem I have faced before.

But for people that gamble daily, setting a daily limit can be helpful. It is the only one that is useful.

So they can be overridden, it just takes a window of time - which is still good for the purpose they are intending. What I'd like to see is a bit more emphasis on the amount being spent rather than just the time period. Often you'll find a gambler will escalate in a exponential way, so if they lose control one day they might go from a $100 regular spend to dropping $2,000 when they're in a bad cycle. In such a scenario, it would be better if they could only double their previous days spend, which would force them to spread their betting across 5 days before they could spend that amount. Maybe even a sliding scale back down to prevent it staying much higher than their average spend.

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Quote from: pawanjain on August 09, 2023, 10:14:56 AM

Quote from: Oshosondy on July 24, 2023, 02:19:20 AM

This is how it is on gambling sites:

Quote

Many of our customers use Deposit Limits to manage their spending. Limits can be set for a 24 hour, 7 day or 30 day period and cannot be overridden

You can decrease your Deposit Limits at any time and this will be applied immediately.

Before increasing your Deposit Limits carefully consider if you can afford to do so. Never decide to increase your limit because you have lost money and think that you will win it back by gambling more. If you wish to increase a limit you will need to wait 24 hours before we action your request and then return to our site to confirm that you still want to increase it.

I quoted it from a gambling site.

This is just an evidence that their is nothing called deposit limit. Assuming you set it to 7 or 30 days and you set it to $100. Once you bet and lose the $100, you can wait for 24 hours to increase it above $100.

Without discipline yourself, you will increase the limit and gamble more. I have been into gambling for many years, this is one of the problem I have faced before.

But for people that gamble daily, setting a daily limit can be helpful. It is the only one that is useful.

I think it's a nice thing to have a deposit limit but they shouldn't allow us to change the deposit limit once set for the given period of time.
Only after the duration is over we should be able to change the deposit limit again. But I know they are allowing it to generate more business revenue.
This shows they don't care much about their users are into it only for profits. The ability to create a deposit limit is just a show off for them to convince users that they do care about their users.

Deposit limits are not practical, because if someone is actually addicted to gambling and cannot change the amount they can deposit, they would find different ways to gamble the money away. That is obvious.

Self-exclusion is similar, but arguably is the traditional way to exclude oneself from gambling. I think those measures would have been more effective if the online casinos would have never come to be so widely available and the only way to gamble was driving to the nearest casino.

With internet, smartphone an the high number of casinos we can find today if someone wants to gamble, it is just mater of going through a brief investigation, created an account, send documents and deposit.

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Quote from: Oshosondy on July 24, 2023, 02:19:20 AM

This is how it is on gambling sites:

Quote

Many of our customers use Deposit Limits to manage their spending. Limits can be set for a 24 hour, 7 day or 30 day period and cannot be overridden

You can decrease your Deposit Limits at any time and this will be applied immediately.

Before increasing your Deposit Limits carefully consider if you can afford to do so. Never decide to increase your limit because you have lost money and think that you will win it back by gambling more. If you wish to increase a limit you will need to wait 24 hours before we action your request and then return to our site to confirm that you still want to increase it.

I quoted it from a gambling site.

This is just an evidence that their is nothing called deposit limit. Assuming you set it to 7 or 30 days and you set it to $100. Once you bet and lose the $100, you can wait for 24 hours to increase it above $100.

Without discipline yourself, you will increase the limit and gamble more. I have been into gambling for many years, this is one of the problem I have faced before.

But for people that gamble daily, setting a daily limit can be helpful. It is the only one that is useful.

I think it's a nice thing to have a deposit limit but they shouldn't allow us to change the deposit limit once set for the given period of time.
Only after the duration is over we should be able to change the deposit limit again. But I know they are allowing it to generate more business revenue.
This shows they don't care much about their users are into it only for profits. The ability to create a deposit limit is just a show off for them to convince users that they do care about their users.

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Quote from: Eureka_07 on July 28, 2023, 09:09:20 AM

Quote from: Oshosondy on July 24, 2023, 02:19:20 AM

How can there be 'no deposit limit' if it is clearly stated in the quoted text? It is a great feature, in my opinion. You set it when your self-discipline is good and prevent yourself from playing more if you're just driven by greed or similar behavior, which could cost you more funds. This is something that I will definitely use myself.

Greed makes us forget everything, we only focus on chasing big wins.
greed makes us forget the amount of money we have spent playing gambling compared to the wins we get, and they will only realize when all their money is gone and there are no more assets that can be sold to be used as playing capital.

if there is such a feature i will use it. because for now I always ask other people to accompany me to play so that when I lose control someone wakes me up.

Quote from: Gozie51 on July 28, 2023, 09:22:54 AM

Quote from: Oshosondy on July 28, 2023, 07:34:31 AM

Quote from: Rabata on July 28, 2023, 05:57:33 AM

When a gambler engages in uncontrolled gambling, some casinos and gambling platforms may ask the gambler to take a temporary break. But most casino gambling platforms don't want to take such initiative because this will make them loss in business.

Are you sure about this? When I was using fiat casinos before I joined this forum, I was addicted, I have three different local gambling sites and bet365 which is foreign, none of them stopped me from gambling after I have lost such much more on the four gambling sites. They even make deposit to be easy and fast within seconds.

What I know about soccer betting to be precise in an off line gambling house, there are no limit to how many times you want to play or lose. All I see there is sympathy in the faces of the workers if you have lost heavily Grin

Such sympathy is not made openly because they can't stop you if you insist to play. So what @Rabata is saying could be in other games or in an online casino.

what I am now trying to instill in myself is not only limiting the amount of deposits but I also always try to do gambling when I have more money after my needs and savings have been met.

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Quote from: Eureka_07 on July 28, 2023, 09:09:20 AM

How can there be 'no deposit limit' if it is clearly stated in the quoted text? It is a great feature, in my opinion. You set it when your self-discipline is good and prevent yourself from playing more if you're just driven by greed or similar behavior, which could cost you more funds. This is something that I will definitely use myself.

The casinos though want you to deposit more because it is what drives their business but to show people that they support responsible gambling they come up with these features. Its like the place where you get your kicks from putting your money in and they put up a deposit limit - should that work?

Well for an addicted gambler, since gambling acts like a drug in them, very less chance of working - the person will remove that limit if already set and deposit more or never actually use it.

For a disciplined gambler which is again a rarest of rare species, it might work.

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Quote from: Pierre 2 on July 25, 2023, 12:40:36 AM

In such case deposit limits are given to customers as self serving option. So you decide if you want to limit yourself or not. I think its not good to blame casino because it doesn't create service that will nearly permanent block you. They are a business that needs to make money. They wouldn't like to block their customers totally. It wouldn't make sense in my opinion. I feel grateful honestly because gambling websites have such option.

Except for the clients the casino has decided to not service anymore due to being problematic, cheaters or scammers, a casino is not going to want to limit itself permanently and block users from which they obtain profits, so asking them to block you completely may not be the best option.

Besides gamblers need to also do their part, as if they think that a casino which adds such features will save them they are wrong, as there are thousands of casinos online and even if every single one of them had those features a person can lose most of their money after just playing at a handful of casinos, so self-control is key for anyone that is thinking about leaving gambling completely or at least want to reduce the time and money they use to gamble.

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Quote from: Oshosondy on July 28, 2023, 07:34:31 AM

What that matters most is what that comes from you, not what that comes from the gambling sites. You can have more than one gambling sites. If one restrict you because of the limit that you set, you can use the other. Some gamblers know other gambling sites too that they can easily register and play games, this do happen.

That means we decide which casino to play at and are not bound by just one or two casinos. And with so many crypto casinos that we know about, we can have a list of trusted casinos and I think the number of casinos on that list is probably more than 4. But still, gamblers must always limit the amount of their deposit to play gambling so they don't experience any problems, including long-term gambling addiction.

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Quote from: Oshosondy on July 28, 2023, 07:34:31 AM

Quote from: Rabata on July 28, 2023, 05:57:33 AM

When a gambler engages in uncontrolled gambling, some casinos and gambling platforms may ask the gambler to take a temporary break. But most casino gambling platforms don't want to take such initiative because this will make them loss in business.

Are you sure about this? When I was using fiat casinos before I joined this forum, I was addicted, I have three different local gambling sites and bet365 which is foreign, none of them stopped me from gambling after I have lost such much more on the four gambling sites. They even make deposit to be easy and fast within seconds.

What I know about soccer betting to be precise in an off line gambling house, there are no limit to how many times you want to play or lose. All I see there is sympathy in the faces of the workers if you have lost heavily Grin

Such sympathy is not made openly because they can't stop you if you insist to play. So what @Rabata is saying could be in other games or in an online casino.

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Quote from: Oshosondy on July 24, 2023, 02:19:20 AM

How can there be 'no deposit limit' if it is clearly stated in the quoted text? It is a great feature, in my opinion. You set it when your self-discipline is good and prevent yourself from playing more if you're just driven by greed or similar behavior, which could cost you more funds. This is something that I will definitely use myself.

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Quote from: famososMuertos on July 27, 2023, 03:41:59 PM

Quote from: Oshosondy on July 24, 2023, 02:19:20 AM

...//:::
This is just an evidence that their is nothing called deposit limit. Assuming you set it to 7 or 30 days and you set it to $100. Once you bet and lose the $100, you can wait for 24 hours to increase it above $100.

Without discipline yourself, you will increase the limit and gamble more. I have been into gambling for many years, this is one of the problem I have faced before.

But for people that gamble daily, setting a daily limit can be helpful. It is the only one that is useful.

These "tools" are useful for normal people if you suffer from addiction or have lost money before, you must keep away from casinos.

It's a wrong view of the players in the gaming industry, it's like the fine print in a contract, you have to read it and then do something, not just know it's there.

The best example of this are the small letters on cigarette boxes, they are there as a reminder of the problem it they cause, this allows the tobacco industry to avoid lawsuits for the consequent use of smoking.

But for what we are concerned, if you read (or anyone), about this control is not to prevent you from not playing or losing money, it is a warning and it protects casinos from lawsuits for user negligence when they lose their money.

Therefore, if you use one, two, three times this type of control, you simply have a problem and far from improving or controlling your deposits, it is simply best to stop betting.

If you deposit again it is not the fault of the casino or its weak "tools" to avoid it, it is that your deposit limit must be "0", zero.

These "tools", I repeat, are for normal people who enter Tilt or who are having a downsize losing streak, losing control is normal in short periods, these types of tools are made for that, not for the sick, addicts.

It's important to understand that these warnings and controls are also a part of the corporate social responsibility of these establishments

Your suggestion for individuals to stop betting entirely after repeated use of control tools? Absolutely! But isn't it oversimplifying the issue? Addiction, my friend, is a psychological beast. Beating it isn't as easy as saying, "I'll stop"

Now, about deposit limits... "0", zero? Is it even gambling then? Wouldn't that essentially be saying, "Stay away from casinos altogether?" It's not a workable solution for everyone. Let's not demonize the tool; it's about how we use it

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Quote from: Pierre 2 on July 25, 2023, 12:40:36 AM

In such case deposit limits are given to customers as self serving option. So you decide if you want to limit yourself or not. I think its not good to blame casino because it doesn't create service that will nearly permanent block you. They are a business that needs to make money. They wouldn't like to block their customers totally. It wouldn't make sense in my opinion. I feel grateful honestly because gambling websites have such option.

It's not mandatory in short? Well, that is because they are hoping that they can earn more and they believe that many gamblers won't bother about it even though they already lose a lot and start complaining. Sometimes they can think of limiting their selves but they also think that it will cause a boredom.

And For those who already did it, they can also regret. Indeed, it's not the casino's fault wherever we find our selves problematic because of gambling. The problem is with us because we are too weak to resist the temptation or distractions around us. But some of them aren't that bad at all but they can also be beneficial, if you will only use or do them rarely.

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Quote from: ethereumhunter on July 28, 2023, 05:53:09 AM

But it's not easy to be a responsible gambler because we really have to be able to set limits and be committed to maintaining those limits. And indeed, if there is a feature like that, it can help gamblers to become responsible gamblers so they don't cross the line. Everything depends on you because you are responsible for the money, so you must prevent excessive use. If you are successful, you will not become addicted to gambling because you always pay attention to spending your money while playing gambling.

What that matters most is what that comes from you, not what that comes from the gambling sites. You can have more than one gambling sites. If one restrict you because of the limit that you set, you can use the other. Some gamblers know other gambling sites too that they can easily register and play games, this do happen.

Quote from: Rabata on July 28, 2023, 05:57:33 AM

When a gambler engages in uncontrolled gambling, some casinos and gambling platforms may ask the gambler to take a temporary break. But most casino gambling platforms don't want to take such initiative because this will make them loss in business.

Are you sure about this? When I was using fiat casinos before I joined this forum, I was addicted, I have three different local gambling sites and bet365 which is foreign, none of them stopped me from gambling after I have lost such much more on the four gambling sites. They even make deposit to be easy and fast within seconds.

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Quote from: aylabadia05 on July 24, 2023, 03:36:24 AM

Too good gambling sites to warn players about deposit limits. By itself the gambling site wants to make its customers not addicted.
On some of the gambling sites that I usually play, I have never come across a warning like the quote from the gambling site.
Most gambling sites that I often play only provide information about the withdrawal limits that players can make within 24 hours.

Giving a warning about the limits imposed by casinos does seem quite strange, but I believe the casino aims to make gamblers pay more attention to funds that should really be fully controlled over themselves, not other people or the ambition to continue betting. Online casinos out there have started to implement this kind of thing, even I still remember the famous casino on this forum (I won't mention the name) but we talked via online chat and told me to take a short break of 2 to 3 days if you feel the bet less profitable. Not much different from what happened above, both of them provide advice so that we don't get addicted so that we are more aware of the limits of betting every day.

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Quote from: shogun47 on July 27, 2023, 06:05:22 PM

Quote from: famososMuertos on July 27, 2023, 03:41:59 PM

Quote from: Oshosondy on July 24, 2023, 02:19:20 AM

...//:::
This is just an evidence that their is nothing called deposit limit. Assuming you set it to 7 or 30 days and you set it to $100. Once you bet and lose the $100, you can wait for 24 hours to increase it above $100.

Without discipline yourself, you will increase the limit and gamble more. I have been into gambling for many years, this is one of the problem I have faced before.

But for people that gamble daily, setting a daily limit can be helpful. It is the only one that is useful.

These "tools" are useful for normal people if you suffer from addiction or have lost money before, you must keep away from casinos.

It's a wrong view of the players in the gaming industry, it's like the fine print in a contract, you have to read it and then do something, not just know it's there.

The best example of this are the small letters on cigarette boxes, they are there as a reminder of the problem it they cause, this allows the tobacco industry to avoid lawsuits for the consequent use of smoking.

But for what we are concerned, if you read (or anyone), about this control is not to prevent you from not playing or losing money, it is a warning and it protects casinos from lawsuits for user negligence when they lose their money.

Therefore, if you use one, two, three times this type of control, you simply have a problem and far from improving or controlling your deposits, it is simply best to stop betting.

If you deposit again it is not the fault of the casino or its weak "tools" to avoid it, it is that your deposit limit must be "0", zero.

These "tools", I repeat, are for normal people who enter Tilt or who are having a downsize losing streak, losing control is normal in short periods, these types of tools are made for that, not for the sick, addicts.

That is the important part in your post, the casinos have no interest whatsoever in effectively keeping you from playing when they would realize you are losing control. Some casinos claim that they would block accounts and I have no idea whether that is true or not, but this part of their toolbox to save limits on deposits and I think there are a few other options, it is just to protect themselves, not the people who lose money on their site. Your loss is their income, hence why would they want effective tools to keep you from generating income for them. It would be like a candy shop prohibiting a fat kid from buying sweets. It won't happen. Tongue

When a gambler engages in uncontrolled gambling, some casinos and gambling platforms may ask the gambler to take a temporary break. But most casino gambling platforms don't want to take such initiative because this will make them loss in business.

Typically in a gambling platform one gambler loss more in gambling, the gambling platform earn more profit so they must prioritize their profits. However, according to my knowledge, fiat license based casinos take various initiatives in this regard, but I don't know that they take any such initiative in crypto gambling. As far as I know, no casino closes their accounts for unregulated casino gambling. They can warn but have no recourse if the gambler does not seek such assistance on his ownself.

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Quote from: Johnyz on July 28, 2023, 02:30:07 AM

This kind of feature can be a big help, now all you have to do is to set your limit and commit on that.
Yes this can still be changed but the good thing here, the site promotes a responsible gambler and you should too.
I saw some post about having a limit on your account, this one is a good example. I also have problem when it comes to increasing my capital on the spot, this can stop me from being uncontrolled and be more responsible, gambling is very risky you can lose everything here.

But it's not easy to be a responsible gambler because we really have to be able to set limits and be committed to maintaining those limits. And indeed, if there is a feature like that, it can help gamblers to become responsible gamblers so they don't cross the line. Everything depends on you because you are responsible for the money, so you must prevent excessive use. If you are successful, you will not become addicted to gambling because you always pay attention to spending your money while playing gambling.

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Quote from: goldkingcoiner on July 26, 2023, 04:55:09 PM

I do not understand what exactly the point in a deposit limit would even be in the first place? A marketing tactic?

It is common on gambling sites located in EU like UK that has more gambling regulation.

Quote from: goldkingcoiner on July 26, 2023, 04:55:09 PM

What I can imagine the deposit limit could be used for is for minimal AML law limits. Like on some cryptocurrency exchanges. Perhaps, if you deposit below the limit of a certain amount then certain regulations can be loop-holed or something?

It has nothing to do with AML. Try and read more about deposit limit in responsible gambling.

Quote from: goldkingcoiner on July 26, 2023, 04:55:09 PM

A gambling casino which has deposit limits sounds weird.

Having a limit to the amount that you can spend within certain period of time is good for gambling site to have it, but only the 24 hours is effective (provided if the punter do not move to another of his gambling account site to continue to gamble for that day), others like 7 days and 30 days are not effective.

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Quote from: Johnyz on July 28, 2023, 02:30:07 AM

This kind of feature can be a big help, now all you have to do is to set your limit and commit on that.
Yes this can still be changed but the good thing here, the site promotes a responsible gambler and you should too.
I saw some post about having a limit on your account, this one is a good example. I also have problem when it comes to increasing my capital on the spot, this can stop me from being uncontrolled and be more responsible, gambling is very risky you can lose everything here.

A responsible gambler is a myth according to me, a gambler is a gambler and he would do anything for his addiction. What you are saying is ideally possible but in practice, a gambler would go ahead and reset the deposit limit again in 24 hours. In that way, he would be able to again gamble and continue with another big deposit. I never understood the concept of provably fair and now I do not understand the concept of deposit limits. It is just like showing you care for your user but with a small loophole for the user to exploit.

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This kind of feature can be a big help, now all you have to do is to set your limit and commit on that.
Yes this can still be changed but the good thing here, the site promotes a responsible gambler and you should too.
I saw some post about having a limit on your account, this one is a good example. I also have problem when it comes to increasing my capital on the spot, this can stop me from being uncontrolled and be more responsible, gambling is very risky you can lose everything here.

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Quote from: elevates on July 27, 2023, 07:42:14 AM

Quote from: tusandii on July 27, 2023, 07:21:31 AM

Quote from: Mr. Magkaisa on July 27, 2023, 05:18:47 AM

- It seems like I just know that there are limits to deposit at a gambling casino online. Is it applicable to all crypto gambling? Because I don't gamble often not five times a month I play gambling.

In each casino there is a limit to the number of deposits and withdrawals so that gamblers also do not experience losses when making deposits or withdrawals because in each transaction there are costs that must be borne by the gambler.
When only making a deposit with a small amount and then adding a fee, isn't that enough to cut the gambler's budget so that each casino imposes certain limits.

In a casual way, I would state the reason why casinos use such features. These casinos want you to gamble every day. They want you to believe that they do have humane sentiments. That is the reason they come up with such ideas. As a gambler, your trust would grow when a casino platform is showing some restrictions. In the end, it is a marketing gimmick as probably a fair feature. A casino would never give you a detailed reason on what basis they decided the deadline. The reason behind they want to make a profit. Unless they make a profit why would they ever market their platform? It is through marketing that guys like us are earning every week.

Providing withdrawal and deposit limits is actually not an excuse for customers to gamble every day but so that customers do not take advantage of the small profits provided by casinos and so gamblers can use larger amounts of money when depositing.
But actually there are also many reasons for the limitations imposed by casinos, it's just that maybe we as gamblers have a different perception of this problem.

As long as the costs don't increase, no matter what the limit is, I will never mind and make a problem of it.

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Quote from: pakhitheboss on July 27, 2023, 04:07:22 AM

This is nothing but a strategy by casinos to make thier users feel that they care for them. I mean why can't they increase it from 24 hours to 36 hours. They won't after all they are here to do business and make profits. This why daily gamblers should gamble resposibly. They should be disciplined and not fall for such kind of features which doesn't make any sense.

A casino would never take full responsibility for your activities nor will they stop you from gambling because that goes against their business, if they provide a tool like this, it doesn't mean that they don't want you to gamble but they are just trying to show that though gambling is their business, it can be harmful to you if you do it excessively, and whether they mean it or not, some of them actually do it so that they can make a good reputation for themselves.

It's definitely the responsibility of the gambler himself to take care of their money and their time about how much of it they have to spend gambling, if they feel it is getting out of control, they are the one who should find a way to limit it and not the casino, even if they provide a tool for it, it wouldn't completely stop you from gambling.

Topic: Deposit limits (Read 715 times)