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Topic: Deposit limits - page 5. (Read 715 times)

hero member
Activity: 644
Merit: 520
Leading Crypto Sports Betting & Casino Platform
July 24, 2023, 03:31:33 PM
#44
LoL, "deposit limit" more like market strategy for making some of their customers feel as if they care for your rapid online spending while it's exactly opposite of what you feel because you spending more actually makes these casino owners fcking rich. Well like you said for those who are highly discipline this could help but for real time or should I say hard core gamblers it's just one big waste of time because you are the one who can actually set and unset these limits yourself.
hero member
Activity: 3010
Merit: 794
July 24, 2023, 03:24:32 PM
#43
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.
Deposit limits or something this like or kind of feature isnt really that necessary if you are really just that mindful about your spending or you are only making use of the amount which you can afford to lose. Every platform

would really be just making those warnings or prohibitions but only would really be focusing out when it comes to addiction but having that kind of consideration on how much they would be depositing is something
that would really be out of their concern. If there's a feature about deposit limits then it would be helpful for those gamblers who are really that impulsive when it comes into their gambling activity.
Actually its not really that something necessary but if you do find yourself already that impulsive then it would be actually that relevant. Somewhat it would really be useless into those gamblers who are really
that addicted already on gambling on which it would really be that just simply they would really be jumping into other places on the time that they would really be seeing that they cant already make out deposit
and they do still have the eagerness on playing gambling which no one could ever stop them on doing so.
hero member
Activity: 2184
Merit: 891
Leading Crypto Sports Betting and Casino Platform
July 24, 2023, 03:18:13 PM
#42
I mean that's the very nature of it anyway, these implements aren't necessarily imposed by the casino upon everyone cause we still have high rollers with a greater capacity for loss and wins, but at the same time they know they need to cater to people who are on the uncontrollable side when they gamble. That's why disclaimers are put where the casino is effectively free of any responsibility if the gambler chooses to disobey the parameters he set for himself in the first place. At the end of the day, it's not the casino who's going to help you with gaining discipline and control over your gambling urges. They may try all they could to make sure that you're not straying too far but the decision will ultimately lie upon your hands. If you can't settle with that then might as well not gamble cause you're effectively relinquishing control just so you can blame someone else.

hero member
Activity: 1918
Merit: 564
July 24, 2023, 03:06:11 PM
#41

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.
legendary
Activity: 1610
Merit: 1131
July 24, 2023, 01:02:36 PM
#40
Snip...

Deposit restrictions are intended to provide people some degree of control over their gambling expenses, particularly for those who might have issues with compulsive gambling or addiction. Players can avoid going over their budgets and possibly running into financial difficulties by establishing a limit!!!
The success of deposit limitations, on the other hand, mostly rests on the person's capacity to uphold them and practise restraint. As you noted from your own experience, some people may find methods to raise their restrictions following losses, which might cause new issues.
For those who gamble daily or frequently, setting a daily limit can indeed be more effective in managing their gambling behavior. This is because daily limits create more frequent checkpoints and prevent rapid, large losses in a short period. It may help players to stay within their means and avoid significant financial harm!!
Personally, I allocate a weekly budget, and if I lose it in the early days of the week, I wait for the following week before depositing the same designated amount again.
hero member
Activity: 1498
Merit: 504
July 24, 2023, 01:01:34 PM
#39
This is the same as when every gambling site has a warning to gamble responsibly but there is no action from the casino and now it has really started with the help of the casino limiting deposit.
It really help gambler not to keep putting in money just to gamble for the sake of pleasure or for the pursuit of defeat and with this it is evident that actually gambling is also always concerned about its customer about gambling with money that can afford to lose and don't regard gambling as enough income as a place to have fun.
I would totally agree if one day all gambling sites have a feature system like this which can really prevent someone from becoming addict.
But I would like to suggest which site has a feature like that and will it really be carried out by gambling partie or is it just a rumor?
hero member
Activity: 2044
Merit: 784
Leading Crypto Sports Betting & Casino Platform
July 24, 2023, 12:50:41 PM
#38
Nothing defeats self-discipline.
This is exactly what this thread is indirectly all about. People should gamble responsibly and gamblers should have self-discipline in gambling. If not having those and the person is addicted, he will only prefer to choose 7 days or 30 days, lose and increasing the amount which makes nothing to change. It is people that have self-discipline that will go for 24 hours. That said, there are many other gambling sites that gamblers are using, we have more than one gambling site that we are gambling and many of the sites do not have this feature.
I believe the countdown to edit the limit once again should be higher, because solely 24 hours doesn't correspond to enough time for a gambler to cool down his head and forget his loss. After 24 hours he is still tempted to recover his money and won't think twice before depositing large sums of money on the casino to chase losses. I believe something between 3-7 days would be enough time to start getting resigned about the fact the money is gone and there is nothing else he can do to recover it with assurance. So he will tend to continue sticking with his initial limit, without raising it further.
legendary
Activity: 3122
Merit: 1102
Leading Crypto Sports Betting & Casino Platform
July 24, 2023, 12:38:11 PM
#37
Yeah I think this works well for gamblers who gamble daily. It would be pretty good for them not to exceed their set limit and gamble much more than they should. However, for gamblers who only gamble once in a while it may not matter as much. After all, one should know precisely when to stop and when not to. It's your money, and being wise before losing it all is important because gambling isn't even a joke tho

But to be honest, the feature of setting a limit isn't bad especially for people who are trying to gradually overcome gambling addiction. It would be helpful for them if they genuinely want to break free from it imho.

this feature is indeed helpful to those that are in addiction mode or is about to be addicted in gambling and also to those who want to control their gambling impulses. but for just occasional gamblers, they won't need such restriction as they will only play if they have spare funds or spare time. most of the time, they only gamble if his favourite team is playing or just to pass the time.
so whether you want to limit your deposit or not, is all up to you. how you will manage your funds in your gambling activities. but definitely, most gambling sites want you to play as long as you want as this will give them more revenue. and that's their business.
sr. member
Activity: 1078
Merit: 342
Sinbad Mixer: Mix Your BTC Quickly
July 24, 2023, 12:26:21 PM
#36
Yeah I think this works well for gamblers who gamble daily. It would be pretty good for them not to exceed their set limit and gamble much more than they should. However, for gamblers who only gamble once in a while it may not matter as much. After all, one should know precisely when to stop and when not to. It's your money, and being wise before losing it all is important because gambling isn't even a joke tho

But to be honest, the feature of setting a limit isn't bad especially for people who are trying to gradually overcome gambling addiction. It would be helpful for them if they genuinely want to break free from it imho.
hero member
Activity: 2170
Merit: 530
July 24, 2023, 12:05:37 PM
#35
If there is a casino platform that provides a feature like this, it is a very good casino platform, because they really care about the effect addiction has on their users and setting limits like this will prevent users from being able to deposit over a certain period of time and it will prevent them from spending more money on their games.
But I doubt that there will be many casino platforms that put a feature like this, because it's like prohibiting people from sending money to them and of course most casino platforms prefer to set withdrawal limits compared to deposit limits.
I never heard something like this but this could be good since they can help the gamblers to have a limit and discipline to themselves, if we can't discipline ourselves maybe this feature can really help us. But the thing is other people doesn't want that limit, it will break the momentum of the game but it will be for their own sake of course that's why we need it.
sr. member
Activity: 1106
Merit: 391
July 24, 2023, 11:37:28 AM
#34
If there is a casino platform that provides a feature like this, it is a very good casino platform, because they really care about the effect addiction has on their users and setting limits like this will prevent users from being able to deposit over a certain period of time and it will prevent them from spending more money on their games.
But I doubt that there will be many casino platforms that put a feature like this, because it's like prohibiting people from sending money to them and of course most casino platforms prefer to set withdrawal limits compared to deposit limits.
hero member
Activity: 798
Merit: 509
Leading Crypto Sports Betting & Casino Platform
July 24, 2023, 11:21:27 AM
#33
That means every gambler is responsible for his gambling and must know how to manage his money for gambling. If a person cannot control his finances to gamble, he should not gamble or approach gambling. Many people have lost a lot of money from gambling so they don't need to follow it and it's better to find other entertainment. Self-discipline is needed in gambling, including having the self-discipline to limit his money and time to gamble to how many times a week he can gamble. If he has good self-discipline, he will not get addicted to gambling because he can take good care of himself while gambling.

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.
hero member
Activity: 2660
Merit: 630
Vave.com - Crypto Casino
July 24, 2023, 11:09:37 AM
#32

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.

I'm also not use to such gambling site warning players on the limit for their deposit. This site must be a "saint" not wanting to attract extra money from the gamblers pocket. What I know is about football betting where gamblers are not expected to bet beyond stipulated amount per slip.

This should be nice for gamblers if it is for casinos.
hero member
Activity: 1120
Merit: 554
🇵🇭
July 24, 2023, 11:09:13 AM
#31
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.

This is the farthest thing casino can give to players to control addiction without hurting their business. I will take this feature if this is available on the casino I’m playing. Can you share what casino offer this kind of temporary deposit limit.

This is helpful to players that still barely manage to control their addiction but completely useless to those players that is spending most their time gambling. This feature will save me a lot of money every week since I’m only playing once or twice a week while I can set up this limits on 30 days period.
sr. member
Activity: 2296
Merit: 348
July 24, 2023, 11:00:39 AM
#30
I'm pretty much surprised that the casino has written that one should never decide to increase their limit only because they've lost money and want to recover it by gambling more, because when that happens, the casino earns more money, but if they are warning their players about this, it means they want them to be responsible gamblers which is exactly why they have provided a tool like this so that people can limit their gambling activities.

But still, as you said, one cannot be stopped this way if they allow increasing and decreasing the amount with only an interval of 24 hours if they really want the players to be responsible gamblers and don't be able to deposit more than once they've lost the amount they've set, they shouldn't allow them to change the numbers at least more than once a month if you set it to $100, you can't change it back until after one month.
sr. member
Activity: 672
Merit: 416
stead.builders
July 24, 2023, 10:52:19 AM
#29
The thing is very simple, only make deposit of the amount you think you can afford on gambling, if you also feels like reducing the extent to which you gambles oftentimes, then you can set a limit to the amount you deposited to your casino wallet, this is very easy to do, when we have the personal right to control how we gambles, we should not rely on external drive to control us than we taking a step by ourselves to manage how we gambles before it gets out of hands.
hero member
Activity: 1106
Merit: 570
July 24, 2023, 10:45:57 AM
#28
  It Is a very nice idea and could serve as a risk management in gambling, thereby helping bettors reduce their addictions for gambling for instance if I set my gambling limit to $100 for 7 days I know that my daily budget for the is about $14 so it would encourage me to gamble responsibly because when I exceed my  budget for the day I'll have to wait and strategies of how to spend my $14 in gambling to win the next day, it Is a very good Idea by various platforms to help bettors control their reckless spending in gambling activities.
 
 This would help people in managing their funds and making choices in making deposits of funds they could risk losing, and would also help people to different money meant for gambling and the one for other bills, because most people would want to recover their loss and temper with food, utility or other bills which is considered very risky, although this could help tame addicted and reckless gamblers but in a case where gamblers are impatient they could easily create another account or sign up with other sites as well so this would mostly work for those gamblers that have tolerance.
legendary
Activity: 3276
Merit: 3537
Nec Recisa Recedit
July 24, 2023, 09:57:31 AM
#27
Nothing defeats self-discipline.
This is exactly what this thread is indirectly all about. People should gamble responsibly and gamblers should have self-discipline in gambling. If not having those and the person is addicted, he will only prefer to choose 7 days or 30 days, lose and increasing the amount which makes nothing to change. It is people that have self-discipline that will go for 24 hours. That said, there are many other gambling sites that gamblers are using, we have more than one gambling site that we are gambling and many of the sites do not have this feature.

for those who use cryptocurrencies, further solutions can be implemented... such as a cold storage (maybe placed somewhere "far away" / hard to be accessed).
Create wallets with multiple signatures (2 of 3 signatures etc), password protected etc etc
Funds in a timelock contract... Roll Eyes

In addition to the classic feature of some casinos, with crypto you can exclude yourself in several way and not only in one casino Wink
legendary
Activity: 1624
Merit: 1200
Gamble responsibly
July 24, 2023, 09:23:18 AM
#26
Nothing defeats self-discipline.
This is exactly what this thread is indirectly all about. People should gamble responsibly and gamblers should have self-discipline in gambling. If not having those and the person is addicted, he will only prefer to choose 7 days or 30 days, lose and increasing the amount which makes nothing to change. It is people that have self-discipline that will go for 24 hours. That said, there are many other gambling sites that gamblers are using, we have more than one gambling site that we are gambling and many of the sites do not have this feature.
hero member
Activity: 1400
Merit: 674
July 24, 2023, 09:14:38 AM
#25
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.
This is one of the conservative actions of the casino to keep their customers from exceeding the limits that they have set for themselves, it is a good step, and shows that they care about their customers well, I think this action is worthy of respect, because if you think about it in numbers, they certainly won't get much money from gamblers.

But for those who are addicted and want to play again with unquenchable ambition after finding their gambling limits confined to one casino, perhaps the gambler will create another account or move to another casino to feed his curiosity with the winnings he is waiting for.

Which in the end returns to each gambler again, how can they control themselves properly so they don't gamble too much.
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