Player protection - stop loss limit

[just_Alice]

Player protection-stop loss limit? This is just a talk from the owners. They are into business, why they should have to care about it and don't let them play according to its limitation? If I am the owner, I will let them play over-time. I think this an advantage over these players who want to gamble. We are making money from them, everyone is welcome as long as they want to gamble. It is not our responsibility and we are conscience because they lose, that's their choice and we just provide what they want.

I agree, that sounds more like an advertisement to attract more clients, than an act of carefulness. However, wouldn't gambling sites be interested in having steady customers? And some loss-preventing programs might help them to keep old customers in the game because they won't be broke after just a short period of playing. Plus this can be an influencing factor, that'll make gamblers advise a certain website to friends.

[seleme]

I don't see any online gambling sites who offer that because In my thinking they don't care how much the player they lost as long they earning money.

Because they don't know us personally, as long as you can bet, you are very much welcome, and they would hope that you'll lose as that is their mission, to make their business profitable and as much as possible maximize the profit.

In general, yes but for strictly regulated casinos the situation is not easy for such type of greedy casinos. Especially Malta-based regulated casinos have to stop the gambler, protecting his bankroll, I have read about the detailed analysis of how they get sued for not obeying the rules. If there was a mechanism in which gamblers and casinos are not competitors on gambler's bankrolls the situation has to be completely different, IMO.

[fortunecrypto]

wouldn't gambling sites be interested in having steady customers? And some loss-preventing programs might help them to keep old customers in the game because they won't be broke after just a short period of playing. Plus this can be an influencing factor, that'll make gamblers advise a certain website to friends.

Gamblers changes their mind often while gambling, a gambling site can have that place in their dashboard, but it's not a guaranty that they will be saved from that protection, they can always opt to play in other gambling sites if they feel they made a wrong decision of turning the protection feature, they just gave their users a reason to go to other gambling sites because of that protection, I don't see this an advantage to a gambling site.

[Fatunad]

wouldn't gambling sites be interested in having steady customers? And some loss-preventing programs might help them to keep old customers in the game because they won't be broke after just a short period of playing. Plus this can be an influencing factor, that'll make gamblers advise a certain website to friends.

Gamblers changes their mind often while gambling, a gambling site can have that place in their dashboard, but it's not a guaranty that they will be saved from that protection, they can always opt to play in other gambling sites if they feel they made a wrong decision of turning the protection feature, they just gave their users a reason to go to other gambling sites because of that protection, I don't see this an advantage to a gambling site.

Indeed!

and that would be the common result incase they do consider in putting such feature and made me think on why the hell gambling sites would put up such restriction that would heavily
affect their profits?

They for sure wont be putting that one because their number one aim is to make money out of those addicted gamblers who do play into the site.
Putting stop loss limit is just nonsense for their part and if a gambler do really tend to stop then they can actually stop on their
own without needing this.

[famososMuertos]

It is actually a little incompressibleto read comments from some users who did not know that this existed and even more so when they load a signature of a casino, that one should not be a high roller and so not know the lingo of the betting world, but in Counterpoint if you like to say "I don't bet" or the casinos are not for me, you should be more pro idea of enactment of the positive things that exist how these types of tools.

I think that the OP contradicts itself in its context because if such a tool is used the question is not consistent with the idea, because in reality if it used it it would not reach the case of your question.

In any case, the answer is easy, it ends in zero.
________-
               -
Every time I can, I mention the bankroll is your fun, is it your working capital or is it your extra income.

-/You should know which group you are in./-

The  player protection has several applications depending on the casino, some offer direct protection over the bankroll, offer control over deposits, some offer protection over both situations.

Every casino that is serious and responsible must have this type of protection, in fact, some licenses require AML, KYC, etc... and  this type of protection is included in the requirements.

G.B.

[dunfida]

Player protection-stop loss limit? This is just a talk from the owners. They are into business, why they should have to care about it and don't let them play according to its limitation? If I am the owner, I will let them play over-time. I think this an advantage over these players who want to gamble. We are making money from them, everyone is welcome as long as they want to gamble. It is not our responsibility and we are conscience because they lose, that's their choice and we just provide what they want.

Why would really tend to stop those players if they do really likes to play? that is some sort of unethical kind of authority for not to let them play or have some limit.
Just like what been said that in case they would really be stopped midway then thats the time they would really find for another place which doesnt have
limitation on where they do can play all they want as long they do have money to deposit into the site.Player protection isnt really that much of a concern
because we have our own free will in regards to our actions.If we do like to stop then we can stop and if we want to play even more then we would find ways.

[xSkylarx]

Why would really tend to stop those players if they do really likes to play? that is some sort of unethical kind of authority for not to let them play or have some limit.
Just like what been said that in case they would really be stopped midway then thats the time they would really find for another place which doesnt have
limitation on where they do can play all they want as long they do have money to deposit into the site.Player protection isnt really that much of a concern
because we have our own free will in regards to our actions.If we do like to stop then we can stop and if we want to play even more then we would find ways.

They're basically asking their players to find other website to play. Is there really a platform that implements this feature? I don't see any benefit of this on their business, even on casinos they won't do this type of limitation. Any entrepreneur won't limit his business to gain profit. It's not his fault if someone got broke to it.

[bounceback]

When trading on the future I don't care with stop loss limit because I think have chance with my coin choosing back to higher price, but some time I never use stop loss limit and have liquid with my trading future. I remember when last moment when put long future trading and my coin have down and get email notification with margin call liquid from binance but I keep holding and my coin back to higher price and get much profit, now I am waiting best time for future trading without get stop loss limit and keep faith with my coin choose have chance to get higher price and some time I use short on future but never use stop loss limit.

[fullhdpixel]

Stop loss are not going to work with any casino in this industry because multiple accounts are common and allowed so you can easily make a new account and bet there with as much as you want and as a gambler when you know this thing you can easily do that when you are desperate about betting.

You lose money, your stop loss prevents you from making more bets. You just logout and change IP and make another account, maybe even don't have to change IP either. This can only work when you have KYC restrictions and multi accounting is banned. One should have enough control over their gambling addiction that the website does not have to stop you from gambling, like hey man you have lost enough can you stop now please lmao.

[Wexnident]

They're basically asking their players to find other website to play. Is there really a platform that implements this feature? I don't see any benefit of this on their business, even on casinos they won't do this type of limitation. Any entrepreneur won't limit his business to gain profit. It's not his fault if someone got broke to it.

It might become a thing though if and only if governments were to start asking casinos to implement limits. Though unlikely, once the safety for gambling organizations gets enough influence, who knows right? Idk the exact statistics of how much gamblers actually go into debt due to gambling though, which is a huge influence towards the factor of implementing limits in gambling.

When trading on the future I don't care with stop loss limit because I think have chance with my coin choosing back to higher price, but some time I never use stop loss limit and have liquid with my trading future. I remember when last moment when put long future trading and my coin have down and get email notification with margin call liquid from binance but I keep holding and my coin back to higher price and get much profit, now I am waiting best time for future trading without get stop loss limit and keep faith with my coin choose have chance to get higher price and some time I use short on future but never use stop loss limit.

Well, stop loss on trading is vastly different on how it is sometimes at gambling, especially the mindset. Trading is more in a sense, gambling but you can see what's going on, while gambling itself is something like you're blindfolded, and you can only pray that everything goes your way. And for that matter, gambling is an entertainment, while trading is something more on the lines of business or something.

[shoreno]

it will be useless if gamblers can continue . stop at loss supposed to stop gamblers from playing up to a designated time if this is available , it works like a lock up where gamblers suggested same idea on the site that i play but it wasnt approved until now .

 i remember this idea on my phone where it pops up when i reach 1gb of internet data but it was useless too because i will still use another gb of data hehe .

[TheGreatPython]

Player protection-stop loss limit? This is just a talk from the owners. They are into business, why they should have to care about it and don't let them play according to its limitation?

Because they do have to understand what responsible gambling is and how to protect their gamblers. I don't know about crypto casinos but usually fiat casinos have the option to limit your losses.

If I am the owner, I will let them play over-time.

That's greedy and every casino would want their players to lose as much as they can but they have to also make sure they don't lose the gambler forever to another casino who have such features.

This is a good topic actually and there should be option to limit your betting but the problem is with crypto casinos they are not as advanced as fiat casinos.

[ufaiz50]

Many sites also have an option that you can exclude your own so that you can protect yourself that way.
Maybe you will regret it later, that would be probe, but a site cannot do anything about that.

[coin-investor]

Gambling casinos are profit-driven, gamblers will never get enough unless they have developed self-control and know their own limit based on their action, you cannot restrict both it's useless.

Gambling sites will not let that happen, they will think that if they have that, gamblers can easily log off look for other gambling sites because the excitement is still there and he still wants to play.

So far I have not encountered some of the gambling sites I'm playing but I won't use it if it has one.


 

[doomistake]

wouldn't gambling sites be interested in having steady customers? And some loss-preventing programs might help them to keep old customers in the game because they won't be broke after just a short period of playing. Plus this can be an influencing factor, that'll make gamblers advise a certain website to friends.

Gamblers changes their mind often while gambling, a gambling site can have that place in their dashboard, but it's not a guaranty that they will be saved from that protection, they can always opt to play in other gambling sites if they feel they made a wrong decision of turning the protection feature, they just gave their users a reason to go to other gambling sites because of that protection, I don't see this an advantage to a gambling site.

I agree with you. This "player's protection" too good to be true feature is just a way for a gambling site to give their players a reason to not play on their platform anymore. I don't see any merits for a gambling site to make this dream in reality, hence, it will just ruin their reputation and will contradict the true nature of gambling, in which addiction is unavoidable.

The addiction will always be responsibility of the player alone. Gambling sites doesn't shoulder that responsibility since we all know what's the risk when playing gambling. It's all about taking precautions first before proceeding on to something delicate.

[stadus]

I don't see any online gambling sites who offer that because In my thinking they don't care how much the player they lost as long they earning money.

Because they don't know us personally, as long as you can bet, you are very much welcome, and they would hope that you'll lose as that is their mission, to make their business profitable and as much as possible maximize the profit.

In general, yes but for strictly regulated casinos the situation is not easy for such type of greedy casinos. Especially Malta-based regulated casinos have to stop the gambler, protecting his bankroll, I have read about the detailed analysis of how they get sued for not obeying the rules. If there was a mechanism in which gamblers and casinos are not competitors on gambler's bankrolls the situation has to be completely different, IMO.

Well, I think I can't reflect on that statement since I'm not reading the laws on regulating a casino, what I'm saying is only based on my observation and my little knowledge and per my observation, I never seen a gambler which complains because casinos does not accept their bets anymore as they keep losing, have you?

[smyslov]

I don't support this so called stop loss feature but it's better to have that in place, it's for gambler's preference and option, some gamblers will use it, some will test it, but if a gambling site will use it it's better that they do a study first, they could lose money here, because they are stopping the flow of money from gamblers.

[freedomgo]

I don't support this so called stop loss feature but it's better to have that in place, it's for gambler's preference and option, some gamblers will use it, some will test it, but if a gambling site will use it it's better that they do a study first, they could lose money here, because they are stopping the flow of money from gamblers.

This is very useful for a gambler who have constant action as it would help him limit his bets or even loses. However for sports bettors who only bet like below 10 bets per day, I think this feature is not necessary, I'm sure as they bet big, they also have a good bankroll management system in place.

[k@suy]

Many sites also have an option that you can exclude your own so that you can protect yourself that way.
Maybe you will regret it later, that would be probe, but a site cannot do anything about that.

If a casinos really have this feature, a stop loss but then we let our emotions affects our gameplay so much, then it is still worthless we should learn to stop ourselves so that we will not have any losing streak. And we can rest as well after we lose.In trading that's what I am doing to avoid losing too much and that is what I am doing now if any casinos will have that. We should have discipline in ourselves and make our emotion stable before we play so no matter may happen it will not hurt us too much.

[ethereumhunter]

Many sites also have an option that you can exclude your own so that you can protect yourself that way.
Maybe you will regret it later, that would be probe, but a site cannot do anything about that.

Their feelings at that time may be very difficult to describe, regret, upset and want to borrow money from others to continue. It is a matter of the players themselves, the limits of the gambling sites don't make any sense, the form they will do but always want players to continue.

If they can not think clearly, they won't survive in gambling games, and even they will run out their money. We need always to limit our money before everything can ruin ourselves. Limiting the gambling won't work unless the gambler can limit themselves to work well for both the gambler and the site. Never try to play more rounds if you can not accept the loss because that will make you broke.