Risk management and responsible gaming

uswa56

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Quote from: Negotiation on September 25, 2024, 07:09:04 AM

Quote from: Su-asa on September 24, 2024, 11:43:20 PM

That would be very helpful to support addicted and compulsive gamblers but I don't think the government has time for this. When we talk about risk Management some gamblers think it's a system that reduces their chances of winning big. First of all, staking extremely high doesn't give you an assurance of winning instead you are putting yourself at risk losing more, reducing your stake would help you minimize losses. Being a responsible gambler puts you in control of your finances, this is something some gamblers don't understand

It's true that risk management is very difficult to understand in the case of addicted gamblers, they just keep on winning. Even if the government wants to it cannot do anything here awareness of gamblers is most effective. Gambling addiction is a complex condition that if unrecognized and untreated can have very serious and devastating consequences in a person's life. This problem can be associated with other mental illnesses such as depression and anxiety disorders. Responsible gamblers go to great lengths to maintain responsible gaming principles players are advised to be vigilant and pay attention to potential signs of a problem to prevent a minor problem from turning into a serious addiction.

When someone has become addicted to eating gambling it will be difficult for them to think about the risks that will be faced while betting because all they think about is the victory of the bet played but it is difficult for them to win the bet if they do not have risk management, it will indeed be difficult to treat those who have experienced the addiction to gambling without having any awareness of themselves then it will never be can get rid of the habit of gambling, but when they have the desire to get rid of the habit to gamble, it will certainly be easier for them and there must also be people close to them who support them so that they can get rid of their desire to gamble slowly.

If someone can gamble responsibly then when they bet of course they will be able to do it casually and also be able to enjoy every bet they play and when they have won from the bets they have played, of course they will prefer to enjoy the winnings they have gotten compared to hoping to be able to get bigger wins and when they lose will certainly stop to take funds to continue their gambling which results in even greater losses.

summonerrk

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Quote from: btctodamon on September 29, 2023, 04:25:17 AM

Governments and several organisations work to encourage responsible gaming. This involves establishing betting restrictions, offering support to those who think they have a gambling problem, and participating in self-exclusion programmes.

And that's right. Complete freedom doesn't make people happy, control is needed. All adults are grown children, and everyone has their own development. Someone stops at 16 and lives like that their whole life with the mentality of a child. And such people need protection from casinos and betting. We need regulators who won't let them lose all their money.

Maybe someone will say that everyone should be given freedom, but I come to such people to think about children whose parents are problem gamblers. This needs to be regulated.

Negotiation

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Quote from: Su-asa on September 24, 2024, 11:43:20 PM

Quote from: btctodamon on September 29, 2023, 04:25:17 AM

Governments and several organisations work to encourage responsible gaming. This involves establishing betting restrictions, offering support to those who think they have a gambling problem, and participating in self-exclusion programmes.

That would be very helpful to support addicted and compulsive gamblers but I don't think the government has time for this. When we talk about risk Management some gamblers think it's a system that reduces their chances of winning big. First of all, staking extremely high doesn't give you an assurance of winning instead you are putting yourself at risk losing more, reducing your stake would help you minimize losses. Being a responsible gambler puts you in control of your finances, this is something some gamblers don't understand

It's true that risk management is very difficult to understand in the case of addicted gamblers, they just keep on winning. Even if the government wants to it cannot do anything here awareness of gamblers is most effective. Gambling addiction is a complex condition that if unrecognized and untreated can have very serious and devastating consequences in a person's life. This problem can be associated with other mental illnesses such as depression and anxiety disorders. Responsible gamblers go to great lengths to maintain responsible gaming principles players are advised to be vigilant and pay attention to potential signs of a problem to prevent a minor problem from turning into a serious addiction.

ethereumhunter

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Quote from: Su-asa on September 24, 2024, 11:43:20 PM

Quote from: btctodamon on September 29, 2023, 04:25:17 AM

Governments and several organisations work to encourage responsible gaming. This involves establishing betting restrictions, offering support to those who think they have a gambling problem, and participating in self-exclusion programmes.

That would be very helpful to support addicted and compulsive gamblers but I don't think the government has time for this. When we talk about risk Management some gamblers think it's a system that reduces their chances of winning big. First of all, staking extremely high doesn't give you an assurance of winning instead you are putting yourself at risk losing more, reducing your stake would help you minimize losses. Being a responsible gambler puts you in control of your finances, this is something some gamblers don't understand

Support for addicted and compulsive gamblers already given from the government and the organizations but if they don't realize about what happen to them, that will not makes them want to reduce or even to stop their gambling activity. They will see that there is no problem with them so they will still playing gambling as usual and the help will not work as the government and the organizations wants. The awareness from gamblers itself needed to see the help will works good for them so they really can reduce their gambling habit and cure their gambling addiction. That is why every people must have risk management and responsibility when playing gambling so they can avoid the gambling addiction and can enjoy their gambling activity as an entertainment while they can also relax themselves from gambling.

Rabata

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Quote from: DaNNy001 on July 22, 2024, 05:53:06 AM

Quote from: btctodamon on September 29, 2023, 04:25:17 AM

Governments and several organisations work to encourage responsible gaming. This involves establishing betting restrictions, offering support to those who think they have a gambling problem, and participating in self-exclusion programmes.

Very striking topic but the contents are not impressive enough, risk management is very crucial in gambling, it's very important to gamble responsibly so you don't end up in huge losses. In Nigeria I don't think there's anything the government can do to have a successful influence over majority of gamblers in Nigeria to gamble responsibly because of a lot of people have nothing to, there are no job opportunities, the economy is in total disarray and most people claim to make a lot of money from gambling by staking huge amounts of money..but I always say that having in a limit is very key in gambling, do not stake more than 5 to 10 percent of your income because profit isn't guaranteed.

If no one can guarantee winnings in gambling then it is almost impossible to imagine to get regular money from gambling or be financially sound after winning from this platform. Some people may be lucky. That's why they may have more wins than their pursuits, but that won't always be consistent. Gamblers must be prepared to lose. A large part of the youths in Nigeria are involved in gambling as there are many who have won a lot of money and the loss is undisclosed. If someone focused gambling only on winning, I would find it hard to believe. A combination of winning and losing results in gambling. Of course a gambler should consider risk. If risk management is not managed properly, there will be increased chances of loss.

Su-asa

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Quote from: btctodamon on September 29, 2023, 04:25:17 AM

Governments and several organisations work to encourage responsible gaming. This involves establishing betting restrictions, offering support to those who think they have a gambling problem, and participating in self-exclusion programmes.

That would be very helpful to support addicted and compulsive gamblers but I don't think the government has time for this. When we talk about risk Management some gamblers think it's a system that reduces their chances of winning big. First of all, staking extremely high doesn't give you an assurance of winning instead you are putting yourself at risk losing more, reducing your stake would help you minimize losses. Being a responsible gambler puts you in control of your finances, this is something some gamblers don't understand

Hatchy

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Quote from: DaNNy001 on July 22, 2024, 05:53:06 AM

Very striking topic but the contents are not impressive enough, risk management is very crucial in gambling, it's very important to gamble responsibly so you don't end up in huge losses.

I think that's the worst misconception they are getting about gambling. In Nigeria, where it's people finds all means to put foods on their table, there won't be much of responsible gambling. Most people might just want to gamble to be able to sustain them self and they might have the wrong idea that staking huge amounts will yield more rewards. Though it's true but then you are actually risking too much. I've seen so many of these gamblers trying to fortunes overnight. They place full confidence on their one game and expect to make so much over a short period.

rachael9385

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Quote from: DaNNy001 on July 22, 2024, 05:53:06 AM

Quote from: btctodamon on September 29, 2023, 04:25:17 AM

Governments and several organisations work to encourage responsible gaming. This involves establishing betting restrictions, offering support to those who think they have a gambling problem, and participating in self-exclusion programmes.

Very striking topic but the contents are not impressive enough, risk management is very crucial in gambling, it's very important to gamble responsibly so you don't end up in huge losses. In Nigeria I don't think there's anything the government can do to have a successful influence over majority of gamblers in Nigeria to gamble responsibly because of a lot of people have nothing to, there are no job opportunities, the economy is in total disarray and most people claim to make a lot of money from gambling by staking huge amounts of money..but I always say that having in a limit is very key in gambling, do not stake more than 5 to 10 percent of your income because profit isn't guaranteed.

People will always give a way to make money, and as humans we are always careful with our capital so that we don't get to lose them easily, mostly if they capital haven't generated any profits yet. The risk of making gamble a means of making money is high but it's seems that some gambler don't care that's why they use big money to wager on big/small odds, and truth be told that they sometimes they are lucky to win.

nara1892

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Quote from: adpinbr on May 16, 2024, 09:09:12 AM

It will be so amazing and understanding if the government is putting a good support in Gaming and gambling at the same,they can also encourage responsible gambling and also a good gaming, it is everyone intention to make money in gambling and I really appreciate good gaming and having a good Thoughts in the gambling world.
Well it just an individual opinion

From its intentions and objectives, yes, the government is quite concerned about the safety of its people, but we have to understand that if there is nothing that can make people, especially gamblers, feel afraid of these regulations for some reason, such as the lack of punishment for breaking them or any threats, then I think In the end, there will always be some people who gamble blindly.

This is nothing more than a rule, because when a gambler has entered a gambling session then the story will be different, especially when they experience emotions due to losing for example, and it is very possible for them not to be a responsible gambler in the sense of treating their gambling activities beyond their limits.

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Quote from: SeaCoinCollector. on February 21, 2024, 01:01:19 AM

Promoting responsible gaming is important. Governments and organizations promote this to set betting limits and offer support for those with gambling issues.

Is this really happening in real scenarios, like in our online casinos here? I believe they'll only limit a gambler if they are winning, but if they are losing, they'll be okay with accepting more bets. And how would they determine that a gambler is already gambling a lot of money when they don't know the financial status of a gambler? So if you are a millionaire, it's okay to bet $1,000 to $10,000 per bet. For most of us, that's too much, but for a millionaire, they can afford that. So it's really challenging to implement such rules if they have no idea how financially capable their gambler is.

Quote from: SeaCoinCollector. on February 21, 2024, 01:01:19 AM

Self-exclusion programs help individuals control their gambling habits. It's all about protecting people's well-being and making people stay away from harm.

it's a feature available in some online casinos, but are we really using it?

DaNNy001

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Quote from: btctodamon on September 29, 2023, 04:25:17 AM

Governments and several organisations work to encourage responsible gaming. This involves establishing betting restrictions, offering support to those who think they have a gambling problem, and participating in self-exclusion programmes.

Very striking topic but the contents are not impressive enough, risk management is very crucial in gambling, it's very important to gamble responsibly so you don't end up in huge losses. In Nigeria I don't think there's anything the government can do to have a successful influence over majority of gamblers in Nigeria to gamble responsibly because of a lot of people have nothing to, there are no job opportunities, the economy is in total disarray and most people claim to make a lot of money from gambling by staking huge amounts of money..but I always say that having in a limit is very key in gambling, do not stake more than 5 to 10 percent of your income because profit isn't guaranteed.

adpinbr

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It will be so amazing and understanding if the government is putting a good support in Gaming and gambling at the same,they can also encourage responsible gambling and also a good gaming, it is everyone intention to make money in gambling and I really appreciate good gaming and having a good Thoughts in the gambling world.
Well it just an individual opinion

JMBitcointernational

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Quote from: btctodamon on September 29, 2023, 04:25:17 AM

Governments and several organisations work to encourage responsible gaming. This involves establishing betting restrictions, offering support to those who think they have a gambling problem, and participating in self-exclusion programmes.

I sincerely do not understand the point you are trying to make but from every indication you just gave us the conclusion of what you have in mind. government as the name implies, does not work well in my country and i don't really know your country where government supports gaming. But here in my country they have a lot of responsibilities which they have failed to meet, the have a lot of unfulfilled promises which they have not fulfilled even one other than to support. they have not even provided us with one basic needs, like basic social amenities, like water, electricity, good roads and job employment. my own government is so corrupt that they the masses are suffering every day and the level of economic has drastically increased beyond measures.

so, i doubt with utmost trust that in my country, no government or any organization will pay attention to responsible gaming o to thinking of solving gambling problems, gambling is a private affair and should learn how to support yourself and not to hope on government for any kind of help or support, so let's face the reality and tell ourselves the truth. that government can never pay attention to gambling unless it generates revenue for the politicians. or that they see it as another measure to steal funds.

dansus021

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Quote from: wakier on February 20, 2024, 10:02:48 PM

Quote from: dansus021 on February 20, 2024, 09:13:52 PM

Risk management and responsible gaming are our responsibility, not the government, tho most of governments worldwide would consider gambling is illegal but some are not so they don't really care about us that much as long the gambling has a license and give money to the government they feel free to operate.

If prostitute and drugs has tax maybe the government also gonna take it the money and leave the operation as is it be. So in my opinion both Risk management and responsible gaming is our responsibility.

Yes, I agree with that, everything is our responsibility as gamblers and the government has no right to regulate things like that, indeed in some countries gambling is illegal but that doesn't mean governments are fully responsible for irresponsible gamblers, in my country gambling is also illegal. But there are still people who gamble irresponsibly and the government doesn't make any effort to stop it because it's none of the government's business.

In states where gambling is legal, they pay large taxes so they are free to operate. If there are some people who don't think about risk management and being responsible, that's their own fault, not the government's.

I know right to be honest the government in reality is only making the rules for gambling sites and casinos and gaining from their taxes ahahhaha. But yeah Risk management and responsible gaming is our priority, make the government should make a hotline for people who stop gambling I think is the best option for now

SeaCoinCollector.

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Promoting responsible gaming is important. Governments and organizations promote this to set betting limits and offer support for those with gambling issues. Self-exclusion programs help individuals control their gambling habits. It's all about protecting people's well-being and making people stay away from harm.

wakier

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Quote from: dansus021 on February 20, 2024, 09:13:52 PM

Risk management and responsible gaming are our responsibility, not the government, tho most of governments worldwide would consider gambling is illegal but some are not so they don't really care about us that much as long the gambling has a license and give money to the government they feel free to operate.

If prostitute and drugs has tax maybe the government also gonna take it the money and leave the operation as is it be. So in my opinion both Risk management and responsible gaming is our responsibility.

Yes, I agree with that, everything is our responsibility as gamblers and the government has no right to regulate things like that, indeed in some countries gambling is illegal but that doesn't mean governments are fully responsible for irresponsible gamblers, in my country gambling is also illegal. But there are still people who gamble irresponsibly and the government doesn't make any effort to stop it because it's none of the government's business.

In states where gambling is legal, they pay large taxes so they are free to operate. If there are some people who don't think about risk management and being responsible, that's their own fault, not the government's.

dansus021

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Risk management and responsible gaming are our responsibility, not the government, tho most of governments worldwide would consider gambling is illegal but some are not so they don't really care about us that much as long the gambling has a license and give money to the government they feel free to operate.

If prostitute and drugs has tax maybe the government also gonna take it the money and leave the operation as is it be. So in my opinion both Risk management and responsible gaming is our responsibility.

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Quote from: Nazmul012 on February 20, 2024, 06:37:43 PM

I think it is one of the necessary step for Governments and these organisations who start working for sake of gambling addicted people as well as encourage themselves to become responsible gambler. But things won't be so easy cause once after a person become a addicted in gambling it is very hard to get rid of it. And I've seen many Gamblers who have destroyed his life and his Carrier as well as his family because of gambling. I think gamblers shouldn't always mad at making money. It should think everything with cool mind and yeah self-exclusion could be best option in my option

I don’t quite see where the government come in when it comes to gambling and addiction. I think it’s about a personal choice to a gambler. When one gets to cultivate a habit that isn’t being very helpful to him or her, the individual gets to make that deduction or conclusion and seek steps for his or her salvation. Even though the individual tends not to notice, am sure he’s got to have that friend or family member or perhaps someone that has been observing him to at some point relay to him or her what is observed to be going on in his or her life for a change.

Government don’t get to look up every citizen or gambler neither will mandating the gambling house have much effects. They are in this for the money and an addict would hardly accept the obvious situation when presented to. Besides, you don’t get to stop them from playing after they’ve made some losses but still have funds to continue.

Nazmul012

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I think it is one of the necessary step for Governments and these organisations who start working for sake of gambling addicted people as well as encourage themselves to become responsible gambler. But things won't be so easy cause once after a person become a addicted in gambling it is very hard to get rid of it. And I've seen many Gamblers who have destroyed his life and his Carrier as well as his family because of gambling. I think gamblers shouldn't always mad at making money. It should think everything with cool mind and yeah self-exclusion could be best option in my option

passwordnow

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Those programs are needed by the gamblers that can't stop themselves and what they need to do is to make sure that they're not taking advantage of the situation of these gamblers that have no control over themselves anymore. That's why self exclusion and even if there are government bodies that are also stepping in on this issue. I think that's a good and fair program to them to see how hands on they are with the gamblers that are losing their control.

The responsibility of these establishments and even the governments are not ending. While they do their part, the gamblers also need to do their part for them to keep on helping themselves while they are getting some help on how to move forward and start a new life if they've been coming from a very hard situation of being addicted gambler. Because that's not going to do them any good if they can't help themselves as well. So aside from the responsible gambling, they also need to discipline themselves.

Topic: Risk management and responsible gaming (Read 1529 times)