Deposit threshold can minimize gambling addiction from poor sector?!

[maydna]

I don't believe it because that will depend on how we limit ourselves. But it is no problem if our lawmakers believe it because they really want to control the number of addicted people to gambling.

Limiting the age of people who can play gambling also helps because it prevents minors from playing gambling easily. They should pass the strict verification from the casinos but they can not gamble because of their age. It will be easy if they ask for help from the adults so they can pass the verification.

But no matter if the law is strict, people can find other ways that will give them a chance to gamble. They will still like that because they want to make money from gambling. It needs awareness to realize that gambling is not a source of income.

[Oasisman]

I see another useless decision here. Why create gambling as something for privileged people, for those who are rich. Imho it should be available for everyone. But if there is such a huge desire to limit something, then make a limit for withdrawal. Deposit 10 bucks, can withdraw 30 only and see you next day. Also limit session, those who won x3 of their deposit, cant gamble anymore today. This is still a limitation that I dont like, yet still everyone can gamble, but people wont gamble too much. People could make another account, but they risk getting banned.

That's also a good idea. But it also limits the person from withdrawing everything. What if he won x500 of his bet, and the gambler only deposited 5 percent of it? He might want to withdraw it all in just one transaction, and if he is being limited to do so, then he might just look for another online casino that will offer a better option.

It's actually difficult to create a rule that would benefit both sides and would also minimize gambling addiction, because it might hurt those who want to gamble more and can afford it.

I don't that would actually work. If they want to minimize gambling addiction - It would be better for them to just shut it down completely. Authorities pressuring the online casinos into this kind of gambling rules, especially that they know people would get upset over this, gave them the idea that online casinos may bleed a lot of money just to allow some considerations. Yeah, there's a lot of money in gambling (if you own one). Imagine, when your social media page starts to get monetized, in just 24-48 hrs there will be an offer coming from these casinos to promote them in a fairly generous offer.
That's what makes these law makers and authorities turn their heads to the online gambling industry today. Remember, governments loves to put their fingers in things where it bares a lot of money.

[DiMarxist]

The minimize gambling deposit can really influenced gamblers to be addicted because since the depositing amount is small they would not mind to deposit the minimum deposit amount and gamble and when it has been exhausted, they can still top up again and continue the gambling from there. I see that as gambling as a gambler's mind to win big one day and that is why he has not given up. And the gambler would always saved money to gamble but if the minimum deposit is big then he would not have that much to play game at all time.
Whether small or big play gamble according to your capability.

[yhiaali3]

   If they want to minimize gambling addiction - It would be better for them to just shut it down completely. Authorities pressuring the online casinos into this kind of gambling rules, especially that they know people would get upset over this, gave them the idea that online casinos may bleed a lot of money just to allow some considerations. Yeah, there's a lot of money in gambling (if you own one). Imagine, when your social media page starts to get monetized, in just 24-48 hrs there will be an offer coming from these casinos to promote them in a fairly generous offer.
That's what makes these law makers and authorities turn their heads to the online gambling industry today. Remember, governments loves to put their fingers in things where it bares a lot of money.

Governments won't shut down casinos because they make a lot of money from them through taxes and the like. Therefore, I don't expect them to seek to shut them down. Even if the government wanted to, casinos would not comply with government orders and would always find a way to operate in secret.

This happens in many Islamic countries that prohibit gambling, where hundreds of casinos operate underground. Many people there also gamble in secret despite strict laws prohibiting gambling.

[adaseb]

Yes I think if the minimum deposit limit is higher then many people will just avoid gambling all together.

Its no different if you go to a casino. Most people will put $1 or $2 inside a slot machine. However if they approach some Poker table which says "Min bet $50" then many will completely avoid that game because for many people $50 is considered a large amount.

Raising the age to 21 is common sense, minors shouldn't be allowed to gamble. In some areas gambling is allowed at 18 but that is still too young. The younger a person is, the more prone they are to getting addicted to gambling.

[Zlantann]

Yes I think if the minimum deposit limit is higher then many people will just avoid gambling all together.

Its no different if you go to a casino. Most people will put $1 or $2 inside a slot machine. However if they approach some Poker table which says "Min bet $50" then many will completely avoid that game because for many people $50 is considered a large amount.

Raising the age to 21 is common sense, minors shouldn't be allowed to gamble. In some areas gambling is allowed at 18 but that is still too young. The younger a person is, the more prone they are to getting addicted to gambling.

This law will also affect the gambling activity of responsible gamblers who cannot afford the increased minimum deposit. Some poor people use small amounts that don't affect them adversely and they enjoy gambling.

If the government increases the gambling age in my country many casinos will lose a large portion of their biggest customers. Young people are the most popular users of online gambling platforms. I guess the government would not do it because it would reduce the revenue generated from the sector. But I support an increase because younger people are more prone to addiction.     

[Lanatsa]

I see another useless decision here. Why create gambling as something for privileged people, for those who are rich. Imho it should be available for everyone. But if there is such a huge desire to limit something, then make a limit for withdrawal. Deposit 10 bucks, can withdraw 30 only and see you next day. Also limit session, those who won x3 of their deposit, cant gamble anymore today. This is still a limitation that I dont like, yet still everyone can gamble, but people wont gamble too much. People could make another account, but they risk getting banned.

That's also a good idea. But it also limits the person from withdrawing everything. What if he won x500 of his bet, and the gambler only deposited 5 percent of it? He might want to withdraw it all in just one transaction, and if he is being limited to do so, then he might just look for another online casino that will offer a better option.

It's actually difficult to create a rule that would benefit both sides and would also minimize gambling addiction, because it might hurt those who want to gamble more and can afford it.

I don't that would actually work. If they want to minimize gambling addiction - It would be better for them to just shut it down completely. Authorities pressuring the online casinos into this kind of gambling rules, especially that they know people would get upset over this, gave them the idea that online casinos may bleed a lot of money just to allow some considerations. Yeah, there's a lot of money in gambling (if you own one). Imagine, when your social media page starts to get monetized, in just 24-48 hrs there will be an offer coming from these casinos to promote them in a fairly generous offer.
That's what makes these law makers and authorities turn their heads to the online gambling industry today. Remember, governments loves to put their fingers in things where it bares a lot of money.

It’s true that online gambling brings huge amounts of money and that alone attracts attention from both authorities and lawmakers and the idea of regulating instead of shutting it down completely seems more about controlling the flow rather than fully preventing addiction while regulations might include things like deposit limits or warning messages they often don’t address the underlying psychological factors that drive gambling addiction people who are prone to compulsive behavior can still find ways around rules or push themselves to take risks and the impact of these measures may be limited at best.

Pressuring casinos to follow certain rules may reduce some immediate risks but it doesn’t remove the core problem of gambling addiction and in many cases it’s just a way to show oversight while still letting the industry profit the potential for huge revenue means governments are naturally interested and sometimes compromises happen because shutting it down completely would remove that stream of money authorities may appear strict on paper but the economic incentives of the gambling industry often outweigh the intention to protect citizens fully and this creates a situation where rules exist more for appearances than effectiveness.

Even with regulations in place the incentives for online casinos to promote themselves and attract players remain strong and social media and advertising channels make it easy to reach new audiences quickly casinos will continue to push promotions bonuses and other marketing tactics to keep players engaged and people who are susceptible to gambling problems can be drawn in despite limits so while rules might slow things down a little the combination of big money aggressive promotion and human behavior makes it extremely difficult to fully protect people from the addictive nature of gambling and this shows why some argue that only a complete shutdown could truly minimize the risks.

[Cointxz]

The Philippine government is apparently still complaining about the large number of low-income citizens who continue to gamble. According to them, the reason they can continue to gamble online is because many casinos still accept deposits via e-wallets, which have low minimum transaction limits. The proposal is to require deposits only through banks. well, believe it or not, I'm sure there will always be loopholes to accept small deposits.

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Even doing this, it’s now easier to create bank account now that bank allow online registration to open an account that only requires 1 valid ID and selfie.

Even if online casino allow only bank deposits I’m sure gambler will just create an account. There’s no stopping to online casino problem in the Philippines unless they regulate it properly by limiting the amount of each player can deposit based on the level of financial strength that can be assessed through higher level of KYC.

All this restrictions is nonsense if in the end online casino is still allowed to be play in PH.

[cryptoaddictchie]

Raising the deposit threshold from $1 to $175 could reduce impulsive gambling among the poor by making entry more difficult, but it doesn’t really address addiction itself. Instead many users still risks excluding casual players, hurting the legal gambling industry, and pushing problem gamblers toward underground or unregulated platforms deposit caps and stronger safeguards may be a more balanced solution.

It may limit addicted person on a lower level to lose more but its like they have been remove of their privilege on this kind of stuff. For me its really hard to apprehended gambling anymore unless people are disciplined enough to comply.

[Bitinity]

So, they are enacting a law that increases the deposit threshold from $1 to $175, making it harder for these individuals to fund their accounts and play.

This law is also the reason why stocks from gambling platforms are taking a big hit and suffering from a plunge, because a big number of their players come from poor and middle-income earners.

By simple logic, increasing the minimum deposit with such a huge percentage may reduce the possibility of gambling addiction because only people with good financial condition will be able to deposit. However, gamblers who are affected with this law will try to find other casinos with lower minimum bet because I believe not all casinos will be willing to follow the rules by the government because they are doing business.

[TheUltraElite]

Minimum deposit means the casinos will take a hit. It also means that the poorer population will try to amass money to gamble or they might stop gambling. Basic needs come first and after that only gambling comes, so if less than this amount arrives and get spent on daily necessities then there is no point of giving a thought to gambling.

So this threshold might act to curb some gambling problems. Once it is put in place, if it works out, then it will become clear how people are trying to circumvent it.

One thing I fear is that some people might try to take loans to gamble even more. Then lone sharks will get a open season.

[TopTort777]

Like creative and addictive gamblers wont find a way go pass deposit limits. Multi accounts, such as opening account for mother, father, sister, brother and etc. Dont forget number of documents available for purchase online, additionally to illegal gambling. Limits is a great motivator to go into shadow. Btw nice logic, at first a person could have lost only few dollars, not gamblers would lose minimally 175, and with their salaries its less chances to get out from debt hole Bravo. 

[summonerrk]

Do you believe that the Deposit threshold can minimize gambling addiction in the poor sector?!
That’s what our lawmakers believe. Right now, you can deposit as low as 1 dollar in our local casino through our local e-wallet, and because of this, many poor people become addicted to games like Bingo, scatter, and other luck-based games.

So, they are enacting a law that increases the deposit threshold from $1 to $175, making it harder for these individuals to fund their accounts and play.

This law is also the reason why stocks from gambling platforms are taking a big hit and suffering from a plunge, because a big number of their players come from poor and middle-income earners.

The bill proposes raising the minimum age for players to 21, prohibiting the use of popular e-wallets such as GCash and Maya for gambling payments, and enforcing a minimum deposit threshold of PHP10,000 ($175) to reduce participation from financially vulnerable groups.

Regulatory Concerns Shake Philippine Online Gambling Sector; Stocks Take Hit

The difference between one dollar to deposit and 175 is huge and I hope it will really impact those gamblers who never start their journey and eventually become addicted.
Of course, one can always assume that there will be some exceptions, for example, one can assume a case where pools of gamblers will gather and put their money into one pool (having collected $175) to play from one account in an online casino, and then they will share the profit, but I think that only really desperate guys will do this.

[qwertyup23]

Do you believe that the Deposit threshold can minimize gambling addiction in the poor sector?!
That’s what our lawmakers believe. Right now, you can deposit as low as 1 dollar in our local casino through our local e-wallet, and because of this, many poor people become addicted to games like Bingo, scatter, and other luck-based games.

I do think that increasing the deposit threshold can minimize the effects of addiction especially in the younger generation where it really matters. If lawmakers are aggressive into pushing this as a law, then this would definitely be a key in combatting gambling addiction to youth.

So, they are enacting a law that increases the deposit threshold from $1 to $175, making it harder for these individuals to fund their accounts and play.

Wow, $175 (or Php 10,000) is a huge sum that not everyone can afford especially in the Philippines.

Will this combat against the exposure of young adults in the gambling world? YES.
Will this absolutely eliminate gambling in the country? NO.

Then again, this is a good start instead of creating laws that only opens into more problems. Sure, some rich young adults would have access to that kind of money but at least this targets the poor to middle sector in combating against gambling addiction.

[arwin100]

Do you believe that the Deposit threshold can minimize gambling addiction in the poor sector?!
That’s what our lawmakers believe. Right now, you can deposit as low as 1 dollar in our local casino through our local e-wallet, and because of this, many poor people become addicted to games like Bingo, scatter, and other luck-based games.

I do think that increasing the deposit threshold can minimize the effects of addiction especially in the younger generation where it really matters. If lawmakers are aggressive into pushing this as a law, then this would definitely be a key in combatting gambling addiction to youth.

Yes it really can since you will get hurt when you lose a lot and think about that we need to deposit huge amount again before we can gamble. For sure with this people might think about to quit immediately since they can't afford to deposit huge then lose their money anymore.

Unfortunately most of crypto casino is not enforcing it that's why lots of people can gamble even if they only have small amount of money. But if it happens that they set their minimum deposit requirements high for sure that there's huge decline might gonna happen. But also for sure casino don't want this to happen that's why they might not think about implement this since it can affect their casino.

[STT]

Sounds like it'd make it worse to me, increasing the minimum means I will probably just bet more not less.
   I get its more awkward but the advantage and reason these low bets exist is for people to get to know the game which is only fair and if you lose  1 dollar or whatever low bet it doesnt matter.

When the player is more in control they are less likely to become a problem bettor and more adjusted and regular in their playing style.  Putting on a larger amount, possibly doubling that bigger stake and getting an early big win is more dangerous imo as we all know gambling is not always easy in the long run.

[hedgeh0g]

Well, in that case, gamblers will go to take out loans in order to have $175 on their account after which they can continue to enjoy the joys of online casinos. It is unlikely that this measure will stop anyone.

Despite any attempts to stop gamblers, they will always come up with something: you can always upload fake documents, use a VPN, or team up to place a bet. All this is not a fight against the causes, but a fight against the outcome of the state's bad attitude towards people.