Player protection - stop loss limit

[milewilda]

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.

Dont have enough smerits to merit this post but this is on point where they dont make out such thing that will limit out their profits by making use of that stop loss and this isnt trading where we do need it because once you had deposited on the site then it is made by your own free will and you are ready to lose up all of the money you do had.There might some lossback but its rare to see this on a casino online but this
doesnt talk about significant amount but only a small percentage.Gambling sites do have some links about gambling addiction counseling or even do have some warnings about addiction but they
wont come to a point on creating one into thing that we are discussing.

[FlightyPouch]

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 don't know any online casinos that have this " player protection". Maybe you can just limit yourself or stop when you need to stop since it will also be annoying sometimes dealing with your losses if that protection kicks in. There is no gurantee that the gambler will actually stop, right?

What if he seeks to bet more and since he can't do that online, he'll do it offline. He will find a way to do his bets and this might be more dangerous than putting a limit to your bets because that desire to bet is being heightened added with mixed emotions.

[lionheart78]

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"?

Well the player will surely lose all his bankroll.  I think the stop loss limit protection are just a tool to stop a player temporarily for that day or time.  It does not barred the player from going back to the casino and play again on the next day.  I think gambling Casino won't ban a player due to severe loses but rather would ban them if they abuse the site.  And for sure losing a huge bankroll is not an abuse to them.

[FontSeli]

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 would be a great idea to make such limits for those players who can't stop after losing and are always trying to win back. For a person who is able to control himself and the amount of his losses, such functionality would not be of much interest.
I know that the Belgian Gaming Commission has ordered the country's casinos to set weekly limits on the loss of one person in the casino in the amount of 500 Euros. This is due to a large increase in the popularity of gambling in the country due to the Covid-19.

[Saint-loup]

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

It seems to be a very interesting and useful feature, unfortunately Betfair ban its access to people from many countries  
So I hope this feature will be available on other sportbooks soon

How do loss limits work?

Loss limits for betting start from the moment they are first set. They run for the time you choose (day, week, month or year) and then they are automatically re-set and begin again.

For example:  if you set a loss limit of £100 (€100) per week around Monday mid-day, your losses will be tracked from that point and you will be prevented from losing more than £100 (€100) until the following Monday. Then the loss limits will be re-set for the following week.


Unmatched bets will also be counted towards your loss limit. If you cannot place a bet, please check that your unmatched bets would not cause you to hit your loss limit.

If you try to remove or increase your limit, it will only take effect if you confirm this change after 7 days. Any decrease in the limit will be applied immediately.


Loss limits cover net losses (taking winnings into account) on the sports betting products, Virtual Sports, Casino and Bingo.

We offer different loss limits

Global – All products included
Gaming – Includes Casino, Arcade & Bingo
Virtual Sports
Poker & Exchange games do not have loss limits these products are a transfer limit. This limit restricts the amount a customer can transfer to another wallet on their account.

Loss limits have the same time options as deposit limits with one additional option for yearly limits.

[STT]

Ultimately its the players own responsibility to account for their own losses or wins, to gamble hoping for some safety net and perfect return of all losses is a big ask.    I do like the idea of being able to voluntarily time out an account for upto a year perhaps, that should be an option but online in this framework its hard to stop people just gambling as much as they like and no company can really stop that just help perhaps reduce use to low amounts.

[kayvie]

Hi guys, as you know some casino/bookmakers offer "player protection" giving ability to set up a stop loss limits.

Do you have any idea what casino offers this "player protection"? This might be a good idea to stop gamblers from losing more money when they can't stop their gambling. This is what gamblers needed in times when they can't stop gambling.

What happens if a player lose more of this limit and continue to gamble despite any "protection"?

Well, we all know if this limit will be exhausted and continue to gamble, all remains in the bankroll of the gambler will surely lose.

[samcrypto]

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"?

Then its not a stop loss anymore, its greed to me because gamblers don’t know how to stop at all and the gambling site can’t help you anymore with this one. I don’t think banning you is an option for them since you still make money for them, so this protection is just a warning for you, you still have choice to keep on playing i guess.

[johhnyUA]

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.  

The same thing. It's very weird because of two reasons:

1. It's against main purpose of every casino - to make more money as it can

2. Such "option" would make just more complaints from angry gamblers (you've lost 100 dollars, you want regamble again and you find yourself under stoploss limit. butthurt will be with probability of 100 % )

So this is looks like more like PR rather than real option.

[Saint-loup]

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.  

The same thing. It's very weird because of two reasons:

1. It's against main purpose of every casino - to make more money as it can

2. Such "option" would make just more complaints from angry gamblers (you've lost 100 dollars, you want regamble again and you find yourself under stoploss limit. butthurt will be with probability of 100 % )

So this is looks like more like PR rather than real option.

I'm not sure about that, if too many people lose big amounts it will lead to new regulations, potentially bad for their business.
Moreover bad and sad stories of ruined players, hurt their reputations.

[Rengga Jati]

So, it is like what's in the exchanges where there is also the availability of stop-loss feature? Something like that?
If it is, it may help gamblers to control their funds and stop losing more funds for gambling. however, if someone does not pay attention to it, in the case of they keep playing and they do not use that user protection of stop-loss, what will happen is that they will lose their money. It may happen to someone who is very addicted to gambling. So playing gambling is their needs without considering how much they have earned and also how much they have to spend on gambling.

[FontSeli]

Ultimately its the players own responsibility to account for their own losses or wins, to gamble hoping for some safety net and perfect return of all losses is a big ask.    I do like the idea of being able to voluntarily time out an account for upto a year perhaps, that should be an option but online in this framework its hard to stop people just gambling as much as they like and no company can really stop that just help perhaps reduce use to low amounts.

During the coronavirus, many States faced such a problem that their citizens began to gamble more often on the Internet due to quarantine. People need entertainment and they find it. This can make some people addicted to gambling. Perhaps many States will follow the example of Belgium and at the legislative level will begin to force casinos to impose restrictions on the amount that one person can lose in a week.

[2double0]

Stop loss? Can you provide me the names of those sportsbooks which provide this feature? I hope you are not confusing it with the cashout feature that allows us to get out of the bet before it reaches its results. And if it is not cash out, then stop loss means if a bet reaches certain odds which are much higher and our bet has gone into much loss, this stop loss can save us from losing our bet completely and we will be shown that if that bet reaches xx.xx odds, our bet will be stopped out right?

[fortunecrypto]

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"?

Gambling sites cannot protect you if you are losing, I don't know this

player protection

but if you lose you lose, if you want to have protection from gambling then only you can set up for yourself by betting on the money that you can afford to lose.
Gambling sites always assume that you play here to be entertained and they will not stop you from betting.
If you can find a gambling site that stops you when you are losing, then play on that gambling site and send us the link if there are any.

[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.

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.

That would be really annoying.

I mean, it should not be an automatic feature, it should be something that the people can control, it should just be an option to the gamblers. Another thing is that I don't think online casinos would implement this that quickly since, without it, they could earn a lot of money from a single day or in a week to those gamblers that can't control themselves.

[ralle14]

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.

There's also the possibility of losing even more and that where the limitation feature comes in to stop the cycle. It's possible for the players to circumvent the limit but not many would opt for this feature.

Stop loss? Can you provide me the names of those sportsbooks which provide this feature? I hope you are not confusing it with the cashout feature that allows us to get out of the bet before it reaches its results. And if it is not cash out, then stop loss means if a bet reaches certain odds which are much higher and our bet has gone into much loss, this stop loss can save us from losing our bet completely and we will be shown that if that bet reaches xx.xx odds, our bet will be stopped out right?

It's not similar to the cashout feature, the stop loss limit focuses on the account's overall betting limit. For example you've set a $300 limit on your account and made a $300 deposit once you've lost your deposit the account will be locked for a certain amount of time.

[Finestream]

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.

That would be really annoying.

I mean, it should not be an automatic feature, it should be something that the people can control, it should just be an option to the gamblers. Another thing is that I don't think online casinos would implement this that quickly since, without it, they could earn a lot of money from a single day or in a week to those gamblers that can't control themselves.

They would like that, in fact gambling sites like people who keep on losing as that would result a success to their business, therefore it does not make sense that they will put this feature when it will not maximize their income, if it's useful to them then every site already have this kind of feature and we are all aware of it already.

[Taskford]

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.

That would be really annoying.

I mean, it should not be an automatic feature, it should be something that the people can control, it should just be an option to the gamblers. Another thing is that I don't think online casinos would implement this that quickly since, without it, they could earn a lot of money from a single day or in a week to those gamblers that can't control themselves.

They would like that, in fact gambling sites like people who keep on losing as that would result a success to their business, therefore it does not make sense that they will put this feature when it will not maximize their income, if it's useful to them then every site already have this kind of feature and we are all aware of it already.

Yes because mostly gamblers will just ignore that feature and keep playing whenever they feel to continue there win and doesn't want to get bothered by that feature, so maybe I think(this is just my opinion only) this feature doesn't really necessary needed since if gamblers really want to stop they can decide to do it on their own.

[Janation]

Yes because mostly gamblers will just ignore that feature and keep playing whenever they feel to continue there win and doesn't want to get bothered by that feature, so maybe I think(this is just my opinion only) this feature doesn't really necessary needed since if gamblers really want to stop they can decide to do it on their own.

That is right.

I don't think people would be accepting this kind of feature in a gambling site as they are wanting to bet and continue the bet until they can't. Not all of us are like that but there are a lot of bettors that do that thing. They can't just stop themselves from betting their money so the only thing that could stop them is when they don't have money to bet or they realize that they should stop.

[ReiMomo]

Another form of advertisement is the only thing that I can see here because it can gain attention and increase the numbers of players but in the end, there are still ways on how you can override this "player protection" feature that they are offering and we are all aware that there is no business who will put a limitation on their profit.

If I may say there is no gambling sites nor casinos who will mind if their players are getting addicted to the services they are offering because that will make them more profitable.

However, these feature stop-loss limits can be of help to some depending on how a gambler will respond to such a feature.