Deposit limits

[Oshosondy]

This is how it is on gambling sites:

Many of our customers use Deposit Limits to manage their spending. Limits can be set for a 24 hour, 7 day or 30 day period and cannot be overridden

You can decrease your Deposit Limits at any time and this will be applied immediately.

Before increasing your Deposit Limits carefully consider if you can afford to do so. Never decide to increase your limit because you have lost money and think that you will win it back by gambling more. If you wish to increase a limit you will need to wait 24 hours before we action your request and then return to our site to confirm that you still want to increase it.

I quoted it from a gambling site.

This is just an evidence that their is nothing called deposit limit. Assuming you set it to 7 or 30 days and you set it to $100. Once you bet and lose the $100, you can wait for 24 hours to increase it above $100.

Without discipline yourself, you will increase the limit and gamble more. I have been into gambling for many years, this is one of the problem I have faced before.

But for people that gamble daily, setting a daily limit can be helpful. It is the only one that is useful.

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[letteredhub]

I take this as a strategy by the gambling site to make the customer feel as if he's in charge of his gambling spending whereas moving forward he keeps on increasing his gambling deposit limit either by weekly or monthly. In no time if care isn't taken enough you might not know when you have moved from #100 limit in a week to $1000.
This idea of deposit limit can only work for those gambler's with core discipline with their spending and not for a loss chaser gambler.

[danherbias07]

Truly it will be a lot of help for those with gambling problems. Limiting the deposit amount will lessen the losses, especially for those who play every day and like spending more at each bet while aiming for the jackpot shots.
I see gamblers who spend a lot of time in casino games that have a betting minimum of $0.01 so $100 will keep him busy for 10000 bets, that's if he loses in a long streak which I doubt happens.
Right now, that is my strategy, waiting for the jackpot to hit while betting less, but it sure does take a lot of time before profits can be made. It's not a recommended type of strategy for those who don't have patience.

[aylabadia05]

Too good gambling sites to warn players about deposit limits. By itself the gambling site wants to make its customers not addicted.
On some of the gambling sites that I usually play, I have never come across a warning like the quote from the gambling site.
Most gambling sites that I often play only provide information about the withdrawal limits that players can make within 24 hours.

[alastantiger]

There are deposit limits, and that is what the casino has stated. However, they are not our mothers or drill instructors who would tell us what to do and what not to do. They simply inform us that as gamblers, we have the option to set limits on our deposits for either a 24-hour, 7-day, or 30-day period. Additionally, they provide another option to increase the limit, but you must wait for a 24-hour period, which should be enough time for any sensible and responsible gambler to reconsider. I want to believe that there is also an option to cancel the increased limit in case of a change of mind.

No matter what, they have left us with a choice. They are not to be blamed for someone becoming an addict, and I do not see anything shady about them. Every gambler must take responsibility for their habit and not shift the blame to the casinos.

[Outhue]

Everyone can set a daily limit on any platform but is it going to be effective and make everyone gamble responsibly? Nah, and it's also adjustable, it's good though but been disciplined doesn't end with daily limit availability on online casinos, gambling rsponbile starts within the gamblers themselves.

Casinos trying to help? Well thank you but it's still about the money, about the gambler's losses.

Learn to be disciplined from within and not through anything else, gamble responsible using your very own strategy, it's not hard unless you made it seem so, get used to using what you can only afford to lose.

[ethereumhunter]

That means every gambler is responsible for his gambling and must know how to manage his money for gambling. If a person cannot control his finances to gamble, he should not gamble or approach gambling. Many people have lost a lot of money from gambling so they don't need to follow it and it's better to find other entertainment. Self-discipline is needed in gambling, including having the self-discipline to limit his money and time to gamble to how many times a week he can gamble. If he has good self-discipline, he will not get addicted to gambling because he can take good care of himself while gambling.

[Strongkored]

It would be very helpful if the casino set a deposit limit change not only to 24 hours but a week because it means that players will have to wait longer to be able to make a deposit again if they have reached the limit they have set, but I think the casino will not be willing to apply a longer time because they are worried that the players will go to another casino because they feel that this arrangement prevents them from continuing to channel their desire to gamble at any time with any amount of money.
It seems that this kind of feature will never be used by small gamblers because they already have a limit on their funds even though there is an opportunity to use borrowed money, but gamblers who can still control themselves will stay at the limit and will not try to fulfill their desire to play in a way that can harm them such as borrowing or using money that is not supposed to be for gambling, so self-control will be very necessary if you want to keep playing and never put our finances at risk.

[knowngunman]

I quoted it from a gambling site.

This is just an evidence that their is nothing called deposit limit. Assuming you set it to 7 or 30 days and you set it to $100. Once you bet and lose the $100, you can wait for 24 hours to increase it above $100.

You presented an evidence but still refuting same  of course it's still deposit limit and it's clearly written in your quote.

Before increasing your Deposit Limits carefully consider if you can afford to do so. Never decide to increase your limit because you have lost money and think that you will win it back by gambling more.

I think this is a way of casinos trying to help gamblers managing their finance while playing in their platform and it will work at least for short time. It's now your responsibility to discipline yourself and control your habit while gambling and if you can still not discipline yourself then the gambling site got you covered for at least 24 good hours.  I believe if they increase the time limit from 24 hours to a week or month now we'll start roasting them and appeal for review to decrease the time limit and possibly start creating multiple accounts to bypass if they refused.

[swogerino]

This is how it is on gambling sites:

Many of our customers use Deposit Limits to manage their spending. Limits can be set for a 24 hour, 7 day or 30 day period and cannot be overridden

You can decrease your Deposit Limits at any time and this will be applied immediately.

Before increasing your Deposit Limits carefully consider if you can afford to do so. Never decide to increase your limit because you have lost money and think that you will win it back by gambling more. If you wish to increase a limit you will need to wait 24 hours before we action your request and then return to our site to confirm that you still want to increase it.

I quoted it from a gambling site.

This is just an evidence that their is nothing called deposit limit. Assuming you set it to 7 or 30 days and you set it to $100. Once you bet and lose the $100, you can wait for 24 hours to increase it above $100.

Without discipline yourself, you will increase the limit and gamble more. I have been into gambling for many years, this is one of the problem I have faced before.

But for people that gamble daily, setting a daily limit can be helpful. It is the only one that is useful.

You said it yourself for people who have no real self discipline or self control whatever mechanisms the casino puts in place to prevent people from going and losing dramatically they are not going to work.Most gamblers put the limit there and sometimes they put it so high up to 1 year in certain casinos that they have self excluded themselves for long and yet when they want to come back they come with another account and email.Based on this I think that the only real solution to such problem is the people who gamble to learn self discipline and self control in order to avoid addiction and big loses.

[piebeyb]

It should start with ourselves starting to learn to be disciplined in managing and limiting deposits. I think it's a really good idea if a gambling platform wants to help gamblers limit deposits and do that, but still it all comes down to the gambler's own decision, because if the gambler still doesn't want to limit it, it's the same as the gambling platform can't hold them back. it is difficult to control addicts, especially if addicts do not have the desire to stop themselves, of course, it is rather difficult to stop them

Yes, even though this method can help reduce gambler addiction, it will not be possible to fully work easily, everything returns to oneself by limiting daily or weekly deposit limits, to be honest, I don't need this because I can already limit my weekly deposit for gambling, but maybe it will be useful for those who really want to reduce losses in gambling. 

[Wiwo]

A deposit limit is a sure way to minimize deposits when losses occur,  but not all casinos have this feature so I will like to know which casino that is that offers such services,  and this is a good way to protect the customer from going bankrupt because setting a deposits limit,  it becomes impossible for the gambler to deposit excessively trying to chase a lose but this is one sure way to avoid addictions also setting a small limit can be helpful and since the gambler can stake higher than their set limit if they balance is up to that make it more fun for all,  because a gambler can decide to wager along with the proportion of their balance since there can accumulate more balance from their winnings and more also getting a rake back is not also affected by this deposit limit features.

If I am to go for such a feature I will likely will if stake.com should offer such,  I will limit my deposit for up to 30 days and that should be ok in the end and if I may likely change the limit amount for deposits,  I will likely decrease it on a monthly bases until I don't have to deposits any more,  what I will do is to leave a small amount on my balance in the casino after each winning,  doing so,  I won't have to make new deposits at each point.

Nice to have you bring this here,  and as an addition to the ops please include the casino that already has the features in place because we have some members who will love to try this out.

[cryptomaniac_xxx]

I quoted it from a gambling site.

This is just an evidence that their is nothing called deposit limit. Assuming you set it to 7 or 30 days and you set it to $100. Once you bet and lose the $100, you can wait for 24 hours to increase it above $100.

You presented an evidence but still refuting same  of course it's still deposit limit and it's clearly written in your quote.

Before increasing your Deposit Limits carefully consider if you can afford to do so. Never decide to increase your limit because you have lost money and think that you will win it back by gambling more.

I think this is a way of casinos trying to help gamblers managing their finance while playing in their platform and it will work at least for short time. It's now your responsibility to discipline yourself and control your habit while gambling and if you can still not discipline yourself then the gambling site got you covered for at least 24 good hours.  I believe if they increase the time limit from 24 hours to a week or month now we'll start roasting them and appeal for review to decrease the time limit and possibly start creating multiple accounts to bypass if they refused.

I think he just wanted to show that there is such thing as deposit limit that we gamblers can set. As far as I can remember, we have similar threads about deposit limits. And to be honest, I'm not sure if this is implemented online.

And now that we know, and thanks to the OP, it might help certain gamblers at least for 24 hours or as high as 30 days.

But as we all know of, this is business and as much as we can see it in their TOS, there could still be loopholes.

[Sim_card]

This deposited limit will help daily gamblers to control the funds that they spend daily on gambling. This is because if my daily limit is $15 and I have gamble that amount,for me to increase it I need to wait for another 24hrs approval which has helped to stop that gambler on gambling more than $50 that day. However,the gamblers that will always benefit from this are those gamblers that have self-control over their gambling activities, but an addict will increase till the amount gets to $1000 for his/her daily limits. The casino should consider having only weekly and monthly limits,so that they can help gamblers to control their gambling expenses.

[passwordnow]

Whether there are deposit limits or none, at the end of the day it's still the call of the gambler. He can entirely lose that limit within the day and have it refreshed if the feature allows it after 24 hours has passed. I think the best limit is what is set in our minds and the control that we have for our gambling activities. You always remember what everyone is saying about the amount we can afford to lose. So, if you're the one to control the limits, you'll surely even increase it based on the mood that you have within the day.

[abel1337]

This is how it is on gambling sites:

Many of our customers use Deposit Limits to manage their spending. Limits can be set for a 24 hour, 7 day or 30 day period and cannot be overridden

You can decrease your Deposit Limits at any time and this will be applied immediately.

Before increasing your Deposit Limits carefully consider if you can afford to do so. Never decide to increase your limit because you have lost money and think that you will win it back by gambling more. If you wish to increase a limit you will need to wait 24 hours before we action your request and then return to our site to confirm that you still want to increase it.

I quoted it from a gambling site.

This is just an evidence that their is nothing called deposit limit. Assuming you set it to 7 or 30 days and you set it to $100. Once you bet and lose the $100, you can wait for 24 hours to increase it above $100.

Without discipline yourself, you will increase the limit and gamble more. I have been into gambling for many years, this is one of the problem I have faced before.

But for people that gamble daily, setting a daily limit can be helpful. It is the only one that is useful.

I thought that the topic of this thread is headed to deposit limits that stop money launderers from abusing the no deposit limits of the casino but yeah I'm only assuming thats the case. At least the casino tried doing initiative like this on possibly stoping gamblers from over spending on their casino which usually casino don't care on how much gamblers spend in their casino, as casino earns mainly from them. We all have our own lives and people that have a gambling addiction can only control themselves, atleast with this feature, they should be aware of the overspending they could do in the casino.

[Fivestar4everMVP]

Without discipline yourself, you will increase the limit and gamble more. I have been into gambling for many years, this is one of the problem I have faced before.

But for people that gamble daily, setting a daily limit can be helpful. It is the only one that is useful.

If indeed there be a way for gamblers to set a daily deposit limit, then you are absolutely right about it being the only kind or type of deposit limit that will be useful, but assuming that there is actually no way to set a daily limit, then i will just tell you that this casinos knows exactly what they are doing, and that it was never their intention to make the deposit limit work and be effective for gamblers, and this can be understood by the fact that most gambling casinos will do anything to maximize their profit one hundred percent, the only one i know works if self exclusion, but maybe this is because most casinos know that a gambler can self exclude their self on one account, then later on sign up another account to continue playing.
The best way to just be safe in gambling is to just learn to discipline your self, depending on casinos to help you discipline you is a waste of time.

[Darker45]

Gambling sites will have to protect both their patrons and their business interest. So they probably wouldn't introduce a feature that would somehow affect their revenue to a significant extent or discourage gamblers from using their platform.

This feature in particular won't probably save a gambler from addiction, especially if the gambler is already beginning to show signs that he/she is not anymore in full control of his/her urge.

Nothing defeats self-discipline.

[Kemarit]

Whether there are deposit limits or none, at the end of the day it's still the call of the gambler. He can entirely lose that limit within the day and have it refreshed if the feature allows it after 24 hours has passed. I think the best limit is what is set in our minds and the control that we have for our gambling activities. You always remember what everyone is saying about the amount we can afford to lose. So, if you're the one to control the limits, you'll surely even increase it based on the mood that you have within the day.

But still though, they could find a way to go around this and still can play? I know someone, I will say that his local wallet has a limit (fiat wallet), for deposit and withdrawal. So if he reach that limit he can't used his wallet anymore and will have to wait for the 1st day of the month to reset everything. However, if he wanted to gamble and play, he will simply borrow someone's wallet and continue to play. My point is that still boils down to self control, whether we take advantage of deposit limit or not, still up to us. Because if we wanted to, we might think of ways to still continue to play per day even if we have reach our limits.

[Yogee]

[....]This is just an evidence that their is nothing called deposit limit. Assuming you set it to 7 or 30 days and you set it to $100. Once you bet and lose the $100, you can wait for 24 hours to increase it above $100.

There is a deposit limit but not in the absolute sense like what you understand - it's relative in the case of casino policies.
I agree with what Darker said on protecting both parties. This is obviously good from the business perspective and also on the players since it helps them manage their bankroll better.