Player protection - stop loss limit

[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"?

[harizen]

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 wonder what are these gambling sites offering "player protection" or a sort of stop-loss"? Does it have on some crypto-gambling sites?

If that was a feature of a gambling site, then it was a good feature. Surely once the player hits the limit, the site won't allow them to play for a period. But that was easy to bypass just by using another account, if IP related, then using VPN is the key.

If that stop-loss is literally just by ourselves, then it varies per person how they will deal with it. That's the challenge, how to become a disciplined gambler no matter how much amount they will set to trigger the stop-loss.

[Botnake]

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. 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.

[swogerino]

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 have yet to see a good implementation of this.I remember there was one time when bet365 promoted this with ads on Tv but when I checked it didn’t worked well.They had made a limit that a player decided but they also did not made this limit in a timeline for example once excedeed you could not play there for another week or a month.They let it the player decide that when a player excedeed the limit the player could add another limit and go on.This was a bad implementation and I don’t know if it exist there anymore.

As for crypto casinos I don’t know a single one which offers this option as of yet.

[Beparanf]

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

[Oshosondy]

I can see stop loss limit to only be when someone is trading, to cut loss and convert you unstable coin to stable one while you will not lose further, but about using stop loss in gambling, I do not think it makes any sense, if gamblers are addicted, and they have $500, they will gamble with the whole $500 without any stress or restrictions, they can even borrow to gamble. What is very important is for us not to just be addicted to gambling, and never using the funds we can not afford to lose to gamble. Gambling deals with mindset, having a quality mindset of seeing gambling as fun and not leading to addiction is the right way to go, this will help in long ways to avoid using high amount of funds to gamble.

[bitbollo]

as example another UK bookmaker that offer this option is betfair (for all product like casino or sports gambling).
I was wondering if there is any form of payback in case this stop loss limit was not working.
https://support.betfair.com/app/answers/list/c/768

[Natalim]

as example another UK bookmaker that offer this option is betfair (for all product like casino or sports gambling).
I was wondering if there is any form of payback in case this stop loss limit was not working.
https://support.betfair.com/app/answers/list/c/768

I did a quick google search and it seems like it's only betfair is offering it at the moment.

I think this is a kind of feature that they would not market as in any way, it will not attract gamblers, what gamblers like is no limitation so they can maximize their bet if they are winning or trying to chase their loses. If a certain would offer this, it's just a bonus but most likely it's a hidden feature where you will only find out once you are already a member of the site.

[ethereumhunter]

The Stop-loss limit will be from the gambler itself, and even if the casino has those features, the gambler still needs to be responsible for their money. If the casino has a stop-loss limit, if the gambler can not control himself in the games, that will not work because that gambler can not prevent using more money to gamble. The casino will not have full responsibility, and they can add that feature to their site, but the rest will be up to the gambler.

[crwth]

I'm not sure if many casinos offer that kind of "player protection" because many casinos want to profit from the losses; they definitely do not want to limit that. Unless the casino actually shows that they care and use that kind of feature. Losing more than intended could have mental health effects on the player and would not function well IRL. It's going to affect those people around him and maybe produce some irrational behavior. That's what I think could happen when a player losses a lot.

Anyway, I think this feature would be ideal for every gambling site. Maybe at the initial registration, tell how much you will play with and the limit amount? This is a great setting to have for those who have no control and addicted to gambling.

[jademaxsuy]

I would prefer to get an insurance in gambling especially if I will play in BlackJack. The insurance can pay you whenever you wanted to use it in betting. However, it is still not recommended for you have to pay the insurance. The best thing to do is to stop the possible or limit the losses is to allocate the money for a certain gambling session. Just like you are bringing exact money to lose when you gamble.

[cryptomaniac_xxx]

I don't think that other casino's are going to implement it though, I mean this is how they make money right? The best thing they can do is like the "responsible gambling" casino's have implemented many years ago. But that's it, stop loss limit is different though and it could back fire on them or at least it could have a big effect on their profit long term.

[abhiseshakana]

The Stop-loss limit will be from the gambler itself, and even if the casino has those features, the gambler still needs to be responsible for their money. If the casino has a stop-loss limit, if the gambler can not control himself in the games, that will not work because that gambler can not prevent using more money to gamble. The casino will not have full responsibility, and they can add that feature to their site, but the rest will be up to the gambler.

Yeah, you are right. Even though the casino has provided a stop-loss limit feature, if the gamblers have no intention of using it, then the function of this feature will be meaningless. Maybe there will be some gamblers who use this feature, but in my opinion, there will be more who don't use it, especially for addicted gamblers or those who are chasing losses.

With the addition of the stop-loss feature, it will not necessarily change a gambler's gambling style. So after all, the one who has the control to hit the brakes is the gambler itself.

[Alucard1]

I never see any gambling website that has that kind of feature, stop loss limit is a good feature of a website but I don't think that a gambling website will include this thing to them because it will just limit their income and that wouldn't be good for them because most of the owner of that business or website doesn't care about the life of the person, they just care about their income from their customer.

[mu_enrico]

This similar protection (budget limit) exists in fiat casinos, and I'm not aware of it exists in crypto (no KYC) casinos.
The rationale is simple, with no KYC, you can always create new accounts and play after you hit the limit.

[toast]

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 think that's already the players problem some players even if they have player protection if they insisted to play then that protection wouldn't help actually i'm not aware of that player protection. when i see the title i  thought it was something like on trading since that's where I only see the stop loss and limits.

[Vaculin]

This similar protection (budget limit) exists in fiat casinos, and I'm not aware of it exists in crypto (no KYC) casinos.
The rationale is simple, with no KYC, you can always create new accounts and play after you hit the limit.

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.

[plvbob0070]

I have not seen nor tried this tool of protecting the players, but I'm wondering if it's actually functional since a player can just move to another casino when it reaches its loss limit? This player protection might be useful to other gamblers with good self-control but when it comes to gambling addicts, I doubt that they will use or set such kind of function to restrict or limit their losses. But in the case where the player has already reached his limit, I think he will probably won't be allowed to gamble for a certain day, week, or month.

[Mauser]

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"?

What I saw in the latest updates on casino and poker software over the last 2 month, was panic buttons being installed. Now you have the chance to sign out of the software and lock ourself out for 24hrs just by pressing one button. I tried it myself the first time I saw these buttons and was quite surpised that I didn't even get a notification that asked me if I really want to sign out, it was instantly that I got locked out. As for these gambler protection I would assume it is a similar mechanism, once you hit your predetermined loss treshold you will instantly get locked out. I think these limits are great way to protect ourself from losing everything.

[imstillthebest]

i guess he will loose more and become addicted in the longer run because he cant follow this simple instruction .

if a gambler can control his mind he dont need a protection feature like that because he can stop easily or they can use a stop protection feature if they dont want to get carred away because gambling is scarry as it drives us agressive and out of control in a winning or loosing situation . what gambling sites provides this feature . im curious and this can help gamblers