Player protection - stop loss limit

[Noctis Connor]

Hi guys, as you know some casino/bookmakers offer "player protection" giving ability to set up a stop loss limits.
What happens if a player lose more of this limit and continue to gamble despite any "protection"?

This could be interesting of some casino offer this kind of player protection, to be honest casino makes more profit because of people who keep losing and chasing their loses also you can't please every gamble to stop gambling their money even though there are on their limits. For example that kind of player protection has been implemented into some casino are they willing to ban their player? Of course not casino is always happy to earn from player who keep losing.

[XZERO1]

Hi guys, as you know some casino/bookmakers offer "player protection" giving ability to set up a stop loss limits.
What happens if a player lose more of this limit and continue to gamble despite any "protection"?

I didn't encounter that many casino websites that have that but I know LUCKYBIT has stop-loss function on its games while you are autobetting otherwise there would be no need for that when you are betting on manual mode anywhere since you can just easily stop when you don't want to lose more and don't want to bet anymore, using this function you can just specify how much you're willing to lose on your bet and it will just stop there and won't continue betting anymore.

About your question obviously if you set the parameters right it's going to work but if by any chance it doesn't and it just continued betting despite passing the loss limit then the casino is responsible and they should compensate you for your loss.

[covfefe_]

Hi guys, as you know some casino/bookmakers offer "player protection" giving ability to set up a stop loss limits.
What happens if a player lose more of this limit and continue to gamble despite any "protection"?

That would be an exciting option but I don't think any of the mainstream gambling site would be doing that. The rage bets and reckless decisions are what makes the most profit for the house. There are stop limit with volume on autobet but that don't stop the user to start the bet again. As I remember there are some sites like Bitvest that allows users to lock their investment for fixed time but though a safety feature, that's still far away from what you are asking for.

[robelneo]

I never seen a casino that offers that kind of features, all they want is to maximize their profit, so it doesn't make sense if they'll put that kind of feature.

Me too I have not stumble something like that, gambling whether casinos or online are profit driven, they will give you bonus, giveaways and on gambling casinos casinos offline they will give you a lot of perks, just for you to stay and continue playing.
When it comes to protection it should be on you, not expect them to do this for you, so only bet what you can afford to lose, and always know the risk.

[molsewid]

Some gamblers who are addicted to gambling can create a new account to repeal this "player protection" unless these gambling with this feature does not allow players to play without KYC.
I don't know if this "player protection" exists on any gambling websites. This program could be a feature of a gambling website and a problem too. They can attract many gamblers with this feature, but these gamblers can stop their losses, so basically, the gambling website could lose some profit if they have this feature.

[mu_enrico]

OP is not talking about limit on bet, he is talking about stop loss limit, so creating a new account does not make sense. I'm also interested to know if there are sites having this kind of feature, it's quite rare for a gambler to ask for a stop loss limit, i think this this option is only available in trading sites.

If it was literally about stop-loss, we already have this option in autoplay of various games.


It also exists in all slots games AFAIK. The idea of stop-loss is because you can't take control when you are AFK. If it's about controlling addiction, time out or budget/deposit limit is more make sense.

[Webetcoins]

This could be interesting of some casino offer this kind of player protection, to be honest casino makes more profit because of people who keep losing and chasing their loses also you can't please every gamble to stop gambling their money even though there are on their limits. For example that kind of player protection has been implemented into some casino are they willing to ban their player? Of course not casino is always happy to earn from player who keep losing.

Actually as a dice player I am sure this feature is available on every dice game when doing automated betting as you can set stop if profit and similarly stop if loss and then the betting will stop once either the profit or the loss has been reached or the mentioned number of rolls are completed.

I often sleep while betting so I know that this does exist else I would lose all my money when I wake up. For manual betting we are always aware how much we have lost so there is no need to have stop if loss/profit is reached.

About your question obviously if you set the parameters right it's going to work but if by any chance it doesn't and it just continue betting despite passing the loss limit then the casino is responsible and they should compensate you for your loss.

Yeah absolutely but there is no way it doesn't stop unless there is a mistake in filling data by the gambler like using 0.1 instead of 0.01 or something like that.

[Debonaire217]

Hi guys, as you know some casino/bookmakers offer "player protection" giving ability to set up a stop loss limits.
What happens if a player lose more of this limit and continue to gamble despite any "protection"?

I remember when I and my family goes to casino, basically I am just observing and they were playing. In my observation there are no rules as protection for the clients of the casino. I guess the main reason why they do not have the protection loss is to gain more profit and encourage their customers to continue on playing. As a matter of fact that idea is not bad because it would provide security to the customers but it will also lessen the profit of casinos. So which one will be at stake?

[mezzaluna]

Hi guys, as you know some casino/bookmakers offer "player protection" giving ability to set up a stop loss limits.
What happens if a player lose more of this limit and continue to gamble despite any "protection"?

I already encountered some Gambling Websites that lets you actually set up the limit in which you will stop auto-betting but never yet encountered a system in which you will be stopped when you are losing to much money. That would be a helpful system and might decrease to the loss of users which is normally not a problem of the gambling website.

[bitbollo]

Hi guys, as you know some casino/bookmakers offer "player protection" giving ability to set up a stop loss limits.
What happens if a player lose more of this limit and continue to gamble despite any "protection"?

First of all, if this functionality is offered and limit is reached, you can not continue gambling technically. To overcome the ban, you can create a new account for example. So this protection does only help if you are disciplined enough, otherwise it is totally useless.
In some European countries there is a law introduced recently, that after a certain amount of loss the player is not allowed to continue playing anymore. And since you need to do a KYC you can not open more than one account. So this is a real protection. But this holds only for regulated casinos in some countries.

I have seen that my bookmaker has not respected this stop limit.... I am waiting since a couple of weeks an update about my case...

@covfefe
for what I know at least in UE and UK this is a well known option and it's like a must to have for all gambling website.

@mu_enrico
sure, but this this is a limit protection or better call as "player protection".

[wxa7115]

Hi guys, as you know some casino/bookmakers offer "player protection" giving ability to set up a stop loss limits.
What happens if a player lose more of this limit and continue to gamble despite any "protection"?

First of all, if this functionality is offered and limit is reached, you can not continue gambling technically. To overcome the ban, you can create a new account for example. So this protection does only help if you are disciplined enough, otherwise it is totally useless.
In some European countries there is a law introduced recently, that after a certain amount of loss the player is not allowed to continue playing anymore. And since you need to do a KYC you can not open more than one account. So this is a real protection. But this holds only for regulated casinos in some countries.

Even that kind of protection is useless if you ask me, because even if a player receives player protection in the form of not being allowed to gamble in the casino for a determined amount of time what it is stopping him from opening an account in a different casino and keep gambling that way?

I know that the regulators mean good and that they want to help to curb the problem of people becoming addicted gamblers but anyone that has ever gone through the experience of having to deal with a family member with an addiction knows that the only ones that can make the decision to stop this behaviour are the ones that are addicted to it, and if they do not take the decision by themselves then they are going to find a way to keep their addiction going.

[Yudhisthir]

Hi guys, as you know some casino/bookmakers offer "player protection" giving ability to set up a stop loss limits.
What happens if a player lose more of this limit and continue to gamble despite any "protection"?

I already encountered some Gambling Websites that lets you actually set up the limit in which you will stop auto-betting but never yet encountered a system in which you will be stopped when you are losing to much money. That would be a helpful system and might decrease to the loss of users which is normally not a problem of the gambling website.

I don't think there will ever be a gambling place that provides that facility because the purpose of this gambling place is to try to make the players spend a very large amount of money and the gambling place can make a lot of profit, because if there was such an asset protection system there would be no the story of losing all its assets at gambling.

Casinos are already a competitive business and they would not be wanting to restrict on their profit. After all the overall profit they make is the (amount gambled x house edge). If every users started restricting their total gambling volume, they would be working to make their profit decrease. I don't mean to say it's a bad thing. But for it to be implemented, it should be enforced by the individual government for it's people.

[TedMosby]

Never heard about stop loss limit on gambling.
I found it on google, there’s 2 kind of stop loss application on gambling, spread betting and interventions.

Limit on player losses might be implemented in betting industry in UK, I heard this news recently and they want to implement this rule to fight against gambling addiction, So far there is no clear direction towards this suggestion but maybe soon, the majority of online casino will have a limit on losses.

Source: https://www.intergameonline.com/casino/news/limit-on-losses-may-be-forced-on-betting-industry

I’ve read that article. However, It is not clear what the gambling company will do when their players reaches the stop limit.
If the stop loss limit will be applied on online platform, it might be the same limitations like on social medias. You will be logged out from the systems.

But, how the offline gambling company will intervent their players?

[Casdinyard]

Not aware of such option but I like the idea if it is what I'm thinking. To how I understand this is that, casinos are prohibiting the players to gamble once they lose that much? This will be a good idea but the problem is its effectivity. Let's say player 1 is prohibited to play in online casino 1 because of his losses, but chose to move in casino 2. My point is that, gambler should impose this trategy to themselves, as a responsibility to avoid being at risk of addiction. Let us all keep in mind how this activity works : pure luck. If it is not your day, then be it. Do not force things on your own likeness.

[BALIK]

I never seen a casino that offers that kind of features, all they want is to maximize their profit, so it doesn't make sense if they'll put that kind of feature.

Same here, I haven't come across such a feature and it makes sense as any casino owner would want you to play as much as you have and not limit you in any way. I suppose this feature if implemented will likely help the casino look as if they care about the players 

However, there's something similar to that, a self exclusion from Nitrogensports, if you activate it, you'll not gamble for a certain game for a period of time you set, I just don't know if they are still making it active now.

Was this using crypto? My immediate thinking is that it probably wasn't.

[Sebas.tian]

If such thing as the stop loss is be implemented into a gambling casinos then there won't be more profit as usual. Remember that the general purpose of these casinos establishments are for the purpose of taking profit from gamblers. Most especially those addicted gamblers can't get to lose more to the casinos if such feature is implemented, which will deprive the casinos owners the needed profit to strive among their equals.

[mersal]

Hi guys, as you know some casino/bookmakers offer "player protection" giving ability to set up a stop loss limits.
What happens if a player lose more of this limit and continue to gamble despite any "protection"?

It is not going to work to be honest because player will simply pick another casino to gamble when they reaches their threshold limit of bet amount so its loss for both the sides and casino has no reason to implement such feature unless their government have such regulatory measures.

[TheGreatPython]

If this stop loss time is somewhat included into any gambling casinos be rest assure that they won't make any profit from these gamblers. I won't ever get such integration into my gambling platform if am fortunate to have one. With some little research, i did find something of such; betfair is that platform with such feature and i think this definitely should be one negative stuff which is likely affecting them as per profit generation among other cryptocurrency in this industry.

Not just betfair but you can also set deposit limits in websites like bet365 but I am not sure any crypto casino offers such services. I have heard that you can exclude yourself from casino on stake and play only sportsbook but not sure if they also allow limiting the loss or putting limits on the deposits from users.

It is a nice idea but actually one should have enough control over their betting to not require such limits and features because the casino would never want you to stop losing money until you have lost every bit of your balance.

[kamadazje]

Hi guys, as you know some casino/bookmakers offer "player protection" giving ability to set up a stop loss limits.
What happens if a player lose more of this limit and continue to gamble despite any "protection"?

I am very curious to what you are posting here as I didn't hear yet that there are casinos that offers this kind of feature "player protection".  Can you give more details about this feature? What are the advantages that we can get from this kind of feature?

Putting a limitation to bet can't be considered as player protection because we are still losing and what if the following bets will help us to recover our losses. And it can be breach easily if the player want's too like he will just create another account using the identity of his brother or etc. so he can continue to gamble after reaching his limitation.

[Mahanton]

Hi guys, as you know some casino/bookmakers offer "player protection" giving ability to set up a stop loss limits.
What happens if a player lose more of this limit and continue to gamble despite any "protection"?

From the word stop loss limit then when a certain player do hits up that level then he/she should be blocked on making up bets if the feature is finely working then
he wont really able to proceed but if this one is just some sort of joke or total show then this will let the gambler do continue on whats he been doing.
The question is, would this feature will be applied into a gambling site? No for sure because they do need profits as much as they can that had been sipped out into
their players and stopping or putting a limit is just really a blockage into their main aim.