Deposit limits - page 4. | Bitcointalksearch.org

Oasisman

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Quote from: Oshosondy on July 24, 2023, 03:19:20 AM

Deposit limits

This is better than nothing though. It's not easy to identify who's who that can afford to lose this certain kind of amount and what would be his ideal deposit limit, unless the gambling website implements KYC that includes a proof of your monthly income. But online casinos won't do that of course otherwise they'll ran out of clients.
So, this is better than nothing IMO. That 24hr timeframe for increasing your deposit limit is just right, fair enough for the players to not wait a little bit longer. Afterall, it's still our responsibility to set limits to avoid over-doing gambling.

Mr.suevie

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Quote from: BitcoinPanther on July 24, 2023, 04:06:11 PM

Quote from: Oshosondy on July 24, 2023, 03:19:20 AM

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.

Not only that, gambler may just move on to another gambling site and just leave the deposit limit on the site as it is. I also think that deposit limit is imaginary unless the gambler himself has strong will to keep his deposit limit in effect all the time. So I believe for people who wanted their deposit on a certain gambling platform to have limit, this option of a gambling platform is helpful. Since there is no stopping a gambler to hop in every gambling platform available or within his reach.

funny enough what you said is actually the truth because many gamblers just go on deceiving themselves about ways in which they can keep their gambling habit in check and I say this because of some of the bad experiences I had when trying to control. I would just call customer service of some of casino here in my locality and ask them to deactivate my account totally and a couple weeks will pass and I will just find another casino and continue which is just as moving in one big whole circle and I feel same thing is going to happen even after controlling your deposit limit, all this thought boils down to one main fact which is the self discipline of the gambler

Lida93

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Quote from: aylabadia05 on July 24, 2023, 04:36:24 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.

If gambling sites will be mandated to enroll and implement the gambling limit into their policy like they do so much with withdrawal policies it will help cushion the effects of gambling addiction in gamblers. As each gambler will have a limited time to spend either online or offline gambling because immediately you consume your limit you're done for the day giving yourself time for other important things in the day than spending all day gambling chasing loss leading to imminent addiction.

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Quote from: Oshosondy on July 24, 2023, 03:19:20 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 do not understand what exactly the point in a deposit limit would even be in the first place? A marketing tactic?

If you have a business and your venture makes profit off people who deposit their money on your platform, why would you want to limit the amount that they can deposit? That is at the same time limiting for the business owner in regards to potential profits.

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?

A gambling casino which has deposit limits sounds weird.

Wexnident

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Quote from: Oshosondy on July 24, 2023, 03:19:20 AM

~

A daily limit isn't going to stop you from gambling, it's only going to limit your spending habits. Ofc said limit can be bypassed by waiting for 24 hrs, but I reckon it depends from person to person. Having that limit set for 24hrs can be more than enough to cool down your brain and stop yourself from wanting more, but well, if you were THAT desperate, there are a lot of ways to bypass this (new account, another casino) so really, self-discipline should be practiced instead of relying on third-party tools to help you.

And to be fair to casinos, they put out badly designed limits anyway since they'd lose revenue if they actually did it perfectly no?

Sandra_hakeem

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There are no deposit limits anyways.... But there's a limit to what you can wager. Yunno, if casinos don't set those limits, anyone would go too far as to depositing and staking high, with the mindset of lifting a jackpot that invariably becomes way too heavy on the casino itself, assuming the game cuts..... That's bankruptcy!!
it's imperative to know that alot of things we do could actually be curbed to avoid future regrets - the likes of gambling and other habits that'd Forster addiction....that's where the funding and refunding of wallets comes into play...

Sandra 🧑‍🦰

Westinhome

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Quote from: Casdinyard on July 26, 2023, 05:01:33 PM

I'll do you one better. Since the deposits limits can be altered and changed depending on the user's preferences, what is the propensity that these people will follow through with what they imposed upon themselves in the first place? Isn't this deposit limit a little futile especially if gamblers end up changing/removing these limitations anyway so they can gamble more? Hypocritical even lol. Deposit or not it all boils down on the ability of the gambler to discipline himself and follow through with his regiments, because unless the casino is to strictly impose these limitations I don't see this helping anyone at all really, cause if I'm someone who's addicted to gambling already, what good would it do if I could just reset my deposit limits when I feel the need to?

Only some of the website limit the deposit to avoid of using their site for the black money handling.Some of the casino will allow only certain amount to be deposit per day.This will be the good one to avoid of losing the entire funds by the gamblers by the gambling addiction after the loss.The experienced gamblers will know the thing,they should pause the game after some continuous loss.Because their strategy of the current was wrong,they should pause the game and start to earn for the future game.When the capital was raised,they can play the gambling by using the new strategy.The gambler can use the earning time to create a new strategy for the next game.When the new strategy works,he can increase the capital for next game.

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Quote from: Dr.Bitcoin_Strange on July 26, 2023, 09:37:34 AM

You know, what happens in some cases @Oshosondy, since there are a lot of casinos, and I also think that every country has a few local casinos too, and most of these casinos don't even support the limit stuff you are talking about. But what really happens in some cases is that, except for a newbie gambler, most old-time gamblers do have accounts with different casinos, and some gamblers too can have two different accounts in one casino, so the question is, for such gamblers, would the deposit limit even stop them from gambling daily if they wanted to? Nop! The reason is that with their other casino account, they can still place their bet and not be affected with the limit of deposit.

I'll do you one better. Since the deposits limits can be altered and changed depending on the user's preferences, what is the propensity that these people will follow through with what they imposed upon themselves in the first place? Isn't this deposit limit a little futile especially if gamblers end up changing/removing these limitations anyway so they can gamble more? Hypocritical even lol. Deposit or not it all boils down on the ability of the gambler to discipline himself and follow through with his regiments, because unless the casino is to strictly impose these limitations I don't see this helping anyone at all really, cause if I'm someone who's addicted to gambling already, what good would it do if I could just reset my deposit limits when I feel the need to?

Dr.Bitcoin_Strange

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You know, what happens in some cases @Oshosondy, since there are a lot of casinos, and I also think that every country has a few local casinos too, and most of these casinos don't even support the limit stuff you are talking about. But what really happens in some cases is that, except for a newbie gambler, most old-time gamblers do have accounts with different casinos, and some gamblers too can have two different accounts in one casino, so the question is, for such gamblers, would the deposit limit even stop them from gambling daily if they wanted to? Nop! The reason is that with their other casino account, they can still place their bet and not be affected with the limit of deposit.

Oshosondy

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Quote from: Shinpako09 on July 25, 2023, 08:56:20 AM

A feature like this is good but do popular casinos will have this feature coz it's like they are limiting their profit? Instead of a deposit limit, why not go for a daily vault withdrawal limit and you can't do anything until the time you've set will come.

The best is responsible gambling and self-discipline. Like I have said before, if a gambler set 7 days, the gambler can increase the limit within 24 hours. Also is 30 days too.

The only one that can be effective is the daily limit which is also 24 hours. But gamblers do have many gambling sites and can more from one to another, even within a day.

But if someone is disciplined and gambling responsibly, having weekly budget and not going beyond that, that is the best. The best towards responsible gambling comes from inside you, not what gambling sites are offering.

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Quote from: gabbie2010 on July 25, 2023, 08:18:09 AM

Quote from: Bitinity on July 25, 2023, 05:03:59 AM

Quote from: Oshosondy on July 24, 2023, 03:19:20 AM

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.

This is the main point for us to remember, no matter what kind of available features provided by the casino to limit our gambling activity (deposit, lose, wager, etc) but as long as there is still also a feature to increase the limit then the decision will always depend on ourselves. The same applies for self exclusion feature in online casinos, players may use it in order to stop playing but it can be useless feature if the gamblers cant control themselves because they may create new account or move to other casinos. Self-discipline is absolutely the main key.

Truly setting a daily limit wouldn't limit the desire of an addicted gambler to control or stop their gambling habit, for instance an addicted gambler who set $100 daily limit lost all the funds and willing to gamble more unfortunately couldn't do so due to the limit would be prompted to increase the daily limit next day after incurring streaks of losses will subsequently continue to increase the daily limit which is of no use, honestly self control and self discipline would adequately control a gambler habit, in my case once I lost all the funds deposited in my gambling account I quit for the day, though I fund my account with the amount of money I can afford to lose.

I used to do this before whether it is win or lose but as time passed by I ignored the limit I'd set if I lose and withdraw another set of amounts from my vault. I will only stop if I reach my daily quota. A feature like this is good but do popular casinos will have this feature coz it's like they are limiting their profit? Instead of a deposit limit, why not go for a daily vault withdrawal limit and you can't do anything until the time you've set will come.

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Quote from: Bitinity on July 25, 2023, 05:03:59 AM

Quote from: Oshosondy on July 24, 2023, 03:19:20 AM

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.

This is the main point for us to remember, no matter what kind of available features provided by the casino to limit our gambling activity (deposit, lose, wager, etc) but as long as there is still also a feature to increase the limit then the decision will always depend on ourselves. The same applies for self exclusion feature in online casinos, players may use it in order to stop playing but it can be useless feature if the gamblers cant control themselves because they may create new account or move to other casinos. Self-discipline is absolutely the main key.

Truly setting a daily limit wouldn't limit the desire of an addicted gambler to control or stop their gambling habit, for instance an addicted gambler who set $100 daily limit lost all the funds and willing to gamble more unfortunately couldn't do so due to the limit would be prompted to increase the daily limit next day after incurring streaks of losses will subsequently continue to increase the daily limit which is of no use, honestly self control and self discipline would adequately control a gambler habit, in my case once I lost all the funds deposited in my gambling account I quit for the day, though I fund my account with the amount of money I can afford to lose.

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Quote from: Kemarit on July 24, 2023, 08:50:38 AM

Quote from: passwordnow on July 24, 2023, 06:57:46 AM

Whether there are deposit limits or none, at the end of the day it's still the call of the gambler. He can entirely lose that limit within the day and have it refreshed if the feature allows it after 24 hours has passed. I think the best limit is what is set in our minds and the control that we have for our gambling activities. You always remember what everyone is saying about the amount we can afford to lose. So, if you're the one to control the limits, you'll surely even increase it based on the mood that you have within the day.

But still though, they could find a way to go around this and still can play? I know someone, I will say that his local wallet has a limit (fiat wallet), for deposit and withdrawal. So if he reach that limit he can't used his wallet anymore and will have to wait for the 1st day of the month to reset everything. However, if he wanted to gamble and play, he will simply borrow someone's wallet and continue to play. My point is that still boils down to self control, whether we take advantage of deposit limit or not, still up to us.

Well, that's within the will of the gambler. Despite activating that deposit limit, if he wants to go against that feature he'll certainly gonna find a way to keep on going upon hitting the limit. And in his mind that only means that feature is useless because he's going against what he has activated.

Quote from: Kemarit on July 24, 2023, 08:50:38 AM

Because if we wanted to, we might think of ways to still continue to play per day even if we have reach our limits.

This is inevitable. Gamblers tend to do that if they're itching to gamble upon hitting the limit, so basically it's a total useless feature for them if they're breaking their own set of rules for themselves to have an adjusted limit that serves as their stopper.

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Quote from: Oshosondy on July 24, 2023, 03:19:20 AM

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.

This is the main point for us to remember, no matter what kind of available features provided by the casino to limit our gambling activity (deposit, lose, wager, etc) but as long as there is still also a feature to increase the limit then the decision will always depend on ourselves. The same applies for self exclusion feature in online casinos, players may use it in order to stop playing but it can be useless feature if the gamblers cant control themselves because they may create new account or move to other casinos. Self-discipline is absolutely the main key.

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Quote from: Oshosondy on July 24, 2023, 03:19:20 AM

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.

That is the main point when it comes to dealing with money, we need discipline to control our own budget. It doesn't matter if we are in the city and buy unnecessary things in a shopping spree, order takeout food every night, or spend more money at the casino than we planned to do. Having a discipline for our money is something that we need to learn and focus on in all parts of life, not only in gambling. I would recommend anybody to try and stick to their own budget and limitis, don't rely on a casino to allow you only gamble with a certain limit each day. The casinos interest is for you to gamble as much as you want and not to limit your gambling time at the casino. Personally I haven't tried out the deposit limits at casino, because I set aside a fixed budget every month and stick to it. What I have tried in the past are the panic buttons, which are a great way to take a hard 24 hour break from gambling after a devastating losing streak. Instead of chasing my losses I pressed the button several times in the past to take a forced break. We all can have times where it becomes hard to control our emotions and to not give in to them it's helpful to have such a button.

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It's generally best to keep yourself in check when gambling. Play for fun and have no fear of harm. It is not right to blame anyone as it depends on the person himself how much the deposit limit will be. There is no set limit in the casinos, you can deposit as much as you like. The real reason for these uncontrollable recurring problems, which we face in our life, is that we lack proper knowledge. This is why other tasks should be prioritized in addition to controlling money as a way to feel safe without becoming addicted to gambling. Gambling depends on luck and is very difficult to control when money is lost.

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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.

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Quote from: Weawant on July 24, 2023, 12:21:27 PM

Self-discipline has many advantage and it should be what every gamblers should be practicing instead of depending on casino to do it for them. Self discipline prevents you from getting addicted as you'll be already discipline and won't over game or spend over your budget.

You should set your deposit limit, and also set our gambling limit. We should be incharge of our decision and not allowing casinos make it for us because they'll always find ways to decieve us into thinking we're doing what best for us whereas we're just doing their wants.

If you can't discipline yourself for your deposits then don't gamble because you'll be putting yourself at a position for addiction to get hold of you very quickly. Self-discipline is also require for you to manage the money you win from gambling so you don't waste them.

Good self-discipline can prevent us from losing too much because we know when to stop so we don't lose more money. We can set limits in gambling and, more importantly, avoid the gambling addiction that has befallen many gamblers. Most gamblers who do not have self-discipline will face defeat; the longer they try to gamble, the more losses they will have. And if they don't even realize it, they will only regret it after the money is gone.

So learning self-discipline is very important for all gamblers to avoid all the problems that can arise in gambling, including gambling addiction. And although it may be tough at first, it is only a test for any gambler who wants to learn self-discipline so that they can play gambling in peace because they can limit their gambling.

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Quote from: Oshosondy on July 24, 2023, 03:19:20 AM

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

I doubt a deposit limit is useful, especially for a gambler that is playing on a daily basis. When a gambler is on the verge of always losing, they will find ways to chase it no matter what. Having a limit on that day will just lead them to aggressively find ways to gamble more and they will not just sit back and relax after losing and will wait for 24 hours for the system to refresh.

In fairness though, it's good to see that some gambling sites have that feature however, it won't really bring any benefits for a daily gambler.

Again, and also as you mentioned, it all depends on the gambler's discipline. No matter how good the feature that gambling sites offered to their users, it's in the gambler's own hands how to make their gambling experience good or worst. Gambling sites are business after all, I doubt they really care much for the financial status of their users.

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It is mostly about the discipline we use on gambling platforms, if there were no deposit limits some irresponsible users may deposit over their financial limits they can't afford to lose. This is actually a good feature for gamblers who are good at managing personal finance, the most popular gambling platforms are using this feature for safe gambling experience, IMHO. I personally don't use this feature since I can control both my emotions and personal gambling limits on any gambling website.

Topic: Deposit limits - page 4. (Read 643 times)