Player protection - stop loss limit

[Peanutswar]

Actually, I don't have any idea what is this kind of player protection about and according to OP it's just a shield/barrier to protect the gambler but my thoughts is there any really exist?. As a mindset of the creator of that gambling platform to they actually gained money or just a technique to encourage another gambler to choose their platform? For me it's just a full of loss if they will implement this kind of feature it's a lot of loss to their business. Gambling is just winning or nothing. Well if it already exists this is a good choice.

I try to research related to this gambling protection and I just found this ^[1][2] and the article only talks about how they will control the gambler like their, age restriction and their connectivity to the platform to prevent losing their customers.

Also according to this article ^[3], they have player protection too but not like talking about OP instead they are letting their members to take a discussion about the particular upcoming event so the players become aware of the possible things may happen in a particular game.

For example :

Photo snipped to VPGAME https://www.vpgame.com/match/10910818.html

[1] https://www.comtradegaming.com/responsible-gaming-solution/
[2] https://sportsbettingoperator.com/news/player-protection-is-top-priority-for-online-gambling-operators/
[3] https://www.casinobeats.com/2020/11/20/talking-safer-gambling-player-protection-loot-boxes-with-amber-gaming/

[AicecreaME]

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"?

For me, I wouldn't say it as players protection, because this might trigger a mental health problem or even more addiction. For example, you're winning three consecutive rows and then you decided to all out of your funds, let's say 10BTC, because you thought in the next round you would win also, but you lost all of it and then the "players protection" feature starts working to prevent you from much greater loss.

What would you feel about it? I'm sure you would get mad because it might destroy your concentration or you would get mad because of being too paranoid like maybe you could never take your losses back if you would stop playing that day because of that "player's protection" feature.

[Janation]

I think people should stop relying on these features.

I mean it is great for those people that can't really stop themselves from burning their money on online casinos but if you really wanted to change, if you wanted to stop your addiction or even your betting as your habit, you need to do that yourself. And I think it would be annoying for those big bettors to activate this feature? I don't know especially if that limit of that player protection is low.

[Kong Hey Pakboy]

I think you don't need this kind of feature if you already know when to stop playing or keep on betting in gambling. It will also be useless for others because they can simply deactivate the stop limit if they wanted to play more. So it's your responsibility to learn and to control yourself when will you stop playing when you already reach your limit in gambling.

[Genemind]

This feature will limit gamblers from playing and operators from earning. So it is not beneficial for both, gamblers don't want putting a limit when they are playing. However, this is a good feature just in case you really intend to limit yourself when gambling.

[Taskford]

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"?

Depends since provably there are other continue to play even if they reach there limits on certain losses they get and continuous playing is really happening especially when the gambler enjoying much the game or been challenge for the top wagered guys in the site.

And this player protection is somehow needed since it can   notify the gamblers that they need to stop.

[john_nautica]

This feature will limit gamblers from playing and operating from earning. So it is not beneficial for both, gamblers don't want putting a limit when they are playing. However, this is a good feature just in case you really intend to limit yourself when gambling.

That's what I'm thinking too I don't think it would be in favor to them to limit their players for spending huge money on their website, only few gambling sites will going to have this feature.

[qwertyup23]

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"?

Hmm this is interesting. Do you know any gambling websites that offer such "player protection" if they incur too much loss?

To be completely honest, this is a good step towards helping gamblers in an online gambling website by providing limits. Though a person may bypass or find ways on how to circumvent this kind of limitation, providing safety features such as this one may definitely help and at least support online gambling addiction as a whole.

I think people should stop relying on these features.

I mean it is great for those people that can't really stop themselves from burning their money on online casinos but if you really wanted to change, if you wanted to stop your addiction or even your betting as your habit, you need to do that yourself. And I think it would be annoying for those big bettors to activate this feature? I don't know especially if that limit of that player protection is low.

For what I understood, it is not that these people rely on these features but it is automatic upon the gambling website. I do hope that the gambling website that has this feature also solved the issue on big bettors.

[Finestream]

This feature will limit gamblers from playing and operating from earning. So it is not beneficial for both, gamblers don't want putting a limit when they are playing. However, this is a good feature just in case you really intend to limit yourself when gambling.

That's what I'm thinking too I don't think it would be in favor to them to limit their players for spending huge money on their website, only few gambling sites will going to have this feature.

It's against their purpose to maximize their profit, they are just helping gamblers to limit their spending if they will do it, and I think it's not wise to promote these through advertising as they are like saying gamble with us and you will not lose a lot, not a good idea IMO.

[Wexnident]

Care to share what sites they are? I've seen a few sites that link towards a site that caters towards assistance about gambling addiction, but player protection? Not really. I tried looking it up, and there are quite a few articles about it, some are from quite a few years ago and some lately. I've never heard of a casino implementing a stop-loss themselves since it basically goes against the way they profit after all. Articles I've seen just discuss educating gamblers about limits and responsible gambling, but that's about it. There isn't any set limit itself on the casino that they themselves set, or even a third-party one.

It's a good step as a help tbh, and imo even if gamblers exceed the stop-loss limit, the most casinos would do is to present an annoying message after each round of gambling that says you've exceeded your limit. Ofc, at this point, the gamblers CAN'T turn off their stop loss, so as to prevent them just turning it off and continue on gambling.

[daarul50]

This feature will limit gamblers from playing and operating from earning. So it is not beneficial for both, gamblers don't want putting a limit when they are playing. However, this is a good feature just in case you really intend to limit yourself when gambling.

That's what I'm thinking too I don't think it would be in favor to them to limit their players for spending huge money on their website, only few gambling sites will going to have this feature.

There is a conflict interest , there alway is.
And this one as you said when a casino did limits its players from the losses it means they are stopping a good business.
That is how casino earning money unfortunately yes , earned the money from someone else's losses.
I mean the one who doing the stop loss limit in their own casino are the real man with strong policy and wise but not considered a real businessman.

[acroman08]

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"?

For me, I wouldn't say it as players protection, because this might trigger a mental health problem or even more addiction. For example, you're winning three consecutive rows and then you decided to all out of your funds, let's say 10BTC, because you thought in the next round you would win also, but you lost all of it and then the "players protection" feature starts working to prevent you from much greater loss.

What would you feel about it? I'm sure you would get mad because it might destroy your concentration or you would get mad because of being too paranoid like maybe you could never take your losses back if you would stop playing that day because of that "player's protection" feature.

as far as I know, if there is a "player protection" feature on gambling it would be voluntary and would not be enforced on you without you asking for the gambling site staff
that you want to have a "player protection"/"stop-loss limit". and I am pretty sure that these things can be reversed if you asked them to.

[peter0425]

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'm not familiar in this gambling site offering but the way i understand this is that the limit is only protected and once you continue upon reaching that maximum amount then for sure all losses will be on your hands.
No one will let you do everything you wanted and stay protected .
But for me?this is a good way  of gambling site to tell gamblers about their concern and only gamblers can decide what are their future.

[Fundamentals Of]

I have yet to encounter a particular gambling site offering a stop-loss limit. This sounds unusual to me in gambling. Of course stop-loss is a very useful tool in trading, not just in crypto trading but also in other trading markets.

My impression is that this is highly unusual in the gambling industry precisely because it is against the very goal of the market which is to encourage people to gamble more. Casinos are oftentimes leaving the prerogative to stop to the clients themselves. They won't intervene and tell the client to stop because he's already losing big.

[w33man]

I don't think casinos would like to limit gamblers from playing with this feature, this will beat the purpose of casinos to earn more money from gamblers. If you want to limit your self from gambling you can do it personally, having such limitation from gambling can easily be bypassed by gamblers by creating another account just in case they reached their limit and want to continue playing.

[arwin100]

This feature will limit gamblers from playing and operating from earning. So it is not beneficial for both, gamblers don't want putting a limit when they are playing. However, this is a good feature just in case you really intend to limit yourself when gambling.

That's what I'm thinking too I don't think it would be in favor to them to limit their players for spending huge money on their website, only few gambling sites will going to have this feature.

Don't know what casino offering stop loss limit but I doubt majority of casinos will implement this since they might making a move to lessen their profits from the whales since if this feature have on the site provably some of the gamblers will think to stop when seeing that they are almost reaching the limits.

[Kupid002]

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"?

No idea about that we have that kind of setup in gambling .

Can you give link for this so I can read all details.

As my understanding you are the one who will set limit of how much money you can lost in a day this will help to prevent a player from losing even more for continue playing the game.

For the second question I can't answer it since I don't have idea how to set that limit.

[Welsh]

I believe a few betting sites offer this including Betfair as already mentioned, and Skybet. Honestly, I think its a more morally guided system to allow gamblers to set restrictions to their spending way before the event, to prevent them from getting the urge to say "just one more bet" when they've just lost early in their accumulator. I think its a good idea, although I do believe its easy to change, and therefore the user could just go back into their settings, and change it. Honestly, I might even say that this should be a required feature of all betting apps/websites, and the gambling commission should enforce that. Its up to the user if they want to use these features, but having the option there might save some people from A) Losing money, B) Losing money that they can't afford too.

Gambling is fun, we all know it can be. However, that fun can be quickly replaced with grief, and some people don't know how to set their limits during the event. If you've ever been to a pub, you'll notice this, especially when combined with the element of alcohol. It can quickly become out of control. However, if a gambling site lets users set a predefined limit every week, which can't be changed until a cooldown period, that might be beneficial to its users. I know that SkyBet even offer a "cool off" period, that enforces the user to take a break, once they've selected the amount of time they want.

For anyone wondering about this limit, its not always called player protection, but deposit limits. It prevents the user from depositing more money, once they've selected the amount on a weekly basis usually. Looking at it, it might even already be a requirement for the gambling commission here in the UK. So, if this is true, any site offering their services to the UK would need to implement it to stay in compliance with the UK gambling commission.

[tyz]

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.

[Becky666]

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.