Deposit limits

[Die_empty]

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.

This protective measure will just limit gamblers from chasing losses after reaching the daily benchmark. Like OP said relying on these gambling firms to control your betting activities is a waste if time because it you gamble more, they earn more. Therefore, there is need to be self-disciplined because the betting company is not willing to stop you from over gambling.

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.

Your opinion also suits my views. It is just a strategy to make gamblers feel that casinos care about them. If they really care, this gambling limit should be increased after one year because 24hours restrictions is not enough. One year restriction might not be the solution to gambling addiction but it will reduce over gambling to some extent. But gambling firms won't take proper measures because it will affect their business negatively. Addicted gamblers will still find ways to invade these restrictions and might just register on more gambling sites.

[noormcs5]

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.

A gambler has to set the deposit limit for himself and there is no way any gambling site will assist you. Gambling sites will surely want to put a limit on the withdrawal but they will welcome any amount of deposits without any objection. The one example where the OP quoted a deposit limit set by the casino is only the marketing technique to convince people that this casino cares for the gambler but in reality this is not the case.

We should not depend upon the gambling casino to save us, we need to our prepare the plan to minimize our losses and maximize
our profits

[TheUltraElite]

Self-discipline is what I understand is a old but gold concept that works in every field of life and keeps a human safe from problems.

It is similar in gambling, the casinos are going to profit from your losses but they have set up things to keep you safe and caged. But you are allowed to break them otherwise the casino will never be able to capitalize on your "self-indiscipline".

I think moderation is the key here and if you are disciplined enough, you would not be EV- gambling in the first place, you would look for other skilled methods to work it out and invest in the proper places.

[Jawhead999]

Deposit limits? I imagine if I have set up deposit limit $50 per day, $350 per week, and $1,400 per month. What if I make deposit worth of $1,500 in once? technically my other $100 should can be gambled in the next month, but it's a big joke if the $100 will become a donation for the casino since I deposit more than the maximum my deposit limits. I've never heard any crypto casino has this feature, it's not useful to be honest.

[bangjoe]

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.

This is one of the conservative actions of the casino to keep their customers from exceeding the limits that they have set for themselves, it is a good step, and shows that they care about their customers well, I think this action is worthy of respect, because if you think about it in numbers, they certainly won't get much money from gamblers.

But for those who are addicted and want to play again with unquenchable ambition after finding their gambling limits confined to one casino, perhaps the gambler will create another account or move to another casino to feed his curiosity with the winnings he is waiting for.

Which in the end returns to each gambler again, how can they control themselves properly so they don't gamble too much.

[Oshosondy]

Nothing defeats self-discipline.

This is exactly what this thread is indirectly all about. People should gamble responsibly and gamblers should have self-discipline in gambling. If not having those and the person is addicted, he will only prefer to choose 7 days or 30 days, lose and increasing the amount which makes nothing to change. It is people that have self-discipline that will go for 24 hours. That said, there are many other gambling sites that gamblers are using, we have more than one gambling site that we are gambling and many of the sites do not have this feature.

[bitbollo]

Nothing defeats self-discipline.

This is exactly what this thread is indirectly all about. People should gamble responsibly and gamblers should have self-discipline in gambling. If not having those and the person is addicted, he will only prefer to choose 7 days or 30 days, lose and increasing the amount which makes nothing to change. It is people that have self-discipline that will go for 24 hours. That said, there are many other gambling sites that gamblers are using, we have more than one gambling site that we are gambling and many of the sites do not have this feature.

for those who use cryptocurrencies, further solutions can be implemented... such as a cold storage (maybe placed somewhere "far away" / hard to be accessed).
Create wallets with multiple signatures (2 of 3 signatures etc), password protected etc etc
Funds in a timelock contract...

In addition to the classic feature of some casinos, with crypto you can exclude yourself in several way and not only in one casino

[QueenVera]

  It Is a very nice idea and could serve as a risk management in gambling, thereby helping bettors reduce their addictions for gambling for instance if I set my gambling limit to $100 for 7 days I know that my daily budget for the is about $14 so it would encourage me to gamble responsibly because when I exceed my  budget for the day I'll have to wait and strategies of how to spend my $14 in gambling to win the next day, it Is a very good Idea by various platforms to help bettors control their reckless spending in gambling activities.
 
 This would help people in managing their funds and making choices in making deposits of funds they could risk losing, and would also help people to different money meant for gambling and the one for other bills, because most people would want to recover their loss and temper with food, utility or other bills which is considered very risky, although this could help tame addicted and reckless gamblers but in a case where gamblers are impatient they could easily create another account or sign up with other sites as well so this would mostly work for those gamblers that have tolerance.

[Aanuoluwatofunmi]

The thing is very simple, only make deposit of the amount you think you can afford on gambling, if you also feels like reducing the extent to which you gambles oftentimes, then you can set a limit to the amount you deposited to your casino wallet, this is very easy to do, when we have the personal right to control how we gambles, we should not rely on external drive to control us than we taking a step by ourselves to manage how we gambles before it gets out of hands.

[wiss19]

I'm pretty much surprised that the casino has written that one should never decide to increase their limit only because they've lost money and want to recover it by gambling more, because when that happens, the casino earns more money, but if they are warning their players about this, it means they want them to be responsible gamblers which is exactly why they have provided a tool like this so that people can limit their gambling activities.

But still, as you said, one cannot be stopped this way if they allow increasing and decreasing the amount with only an interval of 24 hours if they really want the players to be responsible gamblers and don't be able to deposit more than once they've lost the amount they've set, they shouldn't allow them to change the numbers at least more than once a month if you set it to $100, you can't change it back until after one month.

[AbuBhakar]

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.

This is the farthest thing casino can give to players to control addiction without hurting their business. I will take this feature if this is available on the casino I’m playing. Can you share what casino offer this kind of temporary deposit limit.

This is helpful to players that still barely manage to control their addiction but completely useless to those players that is spending most their time gambling. This feature will save me a lot of money every week since I’m only playing once or twice a week while I can set up this limits on 30 days period.

[Gozie51]

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.

I'm also not use to such gambling site warning players on the limit for their deposit. This site must be a "saint" not wanting to attract extra money from the gamblers pocket. What I know is about football betting where gamblers are not expected to bet beyond stipulated amount per slip.

This should be nice for gamblers if it is for casinos.

[Weawant]

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.

Self-discipline has many advantage and it should be what every gamblers should be practicing instead of depending on casino to do it for them. Self discipline prevents you from getting addicted as you'll be already discipline and won't over game or spend over your budget.

You should set your deposit limit, and also set our gambling limit. We should be incharge of our decision and not allowing casinos make it for us because they'll always find ways to decieve us into thinking we're doing what best for us whereas we're just doing their wants.

If you can't discipline yourself for your deposits then don't gamble because you'll be putting yourself at a position for addiction to get hold of you very quickly. Self-discipline is also require for you to manage the money you win from gambling so you don't waste them.

[retreat]

If there is a casino platform that provides a feature like this, it is a very good casino platform, because they really care about the effect addiction has on their users and setting limits like this will prevent users from being able to deposit over a certain period of time and it will prevent them from spending more money on their games.
But I doubt that there will be many casino platforms that put a feature like this, because it's like prohibiting people from sending money to them and of course most casino platforms prefer to set withdrawal limits compared to deposit limits.

[molsewid]

If there is a casino platform that provides a feature like this, it is a very good casino platform, because they really care about the effect addiction has on their users and setting limits like this will prevent users from being able to deposit over a certain period of time and it will prevent them from spending more money on their games.
But I doubt that there will be many casino platforms that put a feature like this, because it's like prohibiting people from sending money to them and of course most casino platforms prefer to set withdrawal limits compared to deposit limits.

I never heard something like this but this could be good since they can help the gamblers to have a limit and discipline to themselves, if we can't discipline ourselves maybe this feature can really help us. But the thing is other people doesn't want that limit, it will break the momentum of the game but it will be for their own sake of course that's why we need it.

[Aikidoka]

Yeah I think this works well for gamblers who gamble daily. It would be pretty good for them not to exceed their set limit and gamble much more than they should. However, for gamblers who only gamble once in a while it may not matter as much. After all, one should know precisely when to stop and when not to. It's your money, and being wise before losing it all is important because gambling isn't even a joke tho

But to be honest, the feature of setting a limit isn't bad especially for people who are trying to gradually overcome gambling addiction. It would be helpful for them if they genuinely want to break free from it imho.

[AmoreJaz]

Yeah I think this works well for gamblers who gamble daily. It would be pretty good for them not to exceed their set limit and gamble much more than they should. However, for gamblers who only gamble once in a while it may not matter as much. After all, one should know precisely when to stop and when not to. It's your money, and being wise before losing it all is important because gambling isn't even a joke tho

But to be honest, the feature of setting a limit isn't bad especially for people who are trying to gradually overcome gambling addiction. It would be helpful for them if they genuinely want to break free from it imho.

this feature is indeed helpful to those that are in addiction mode or is about to be addicted in gambling and also to those who want to control their gambling impulses. but for just occasional gamblers, they won't need such restriction as they will only play if they have spare funds or spare time. most of the time, they only gamble if his favourite team is playing or just to pass the time.
so whether you want to limit your deposit or not, is all up to you. how you will manage your funds in your gambling activities. but definitely, most gambling sites want you to play as long as you want as this will give them more revenue. and that's their business.

[uneng]

Nothing defeats self-discipline.

This is exactly what this thread is indirectly all about. People should gamble responsibly and gamblers should have self-discipline in gambling. If not having those and the person is addicted, he will only prefer to choose 7 days or 30 days, lose and increasing the amount which makes nothing to change. It is people that have self-discipline that will go for 24 hours. That said, there are many other gambling sites that gamblers are using, we have more than one gambling site that we are gambling and many of the sites do not have this feature.

I believe the countdown to edit the limit once again should be higher, because solely 24 hours doesn't correspond to enough time for a gambler to cool down his head and forget his loss. After 24 hours he is still tempted to recover his money and won't think twice before depositing large sums of money on the casino to chase losses. I believe something between 3-7 days would be enough time to start getting resigned about the fact the money is gone and there is nothing else he can do to recover it with assurance. So he will tend to continue sticking with his initial limit, without raising it further.

[klidex]

This is the same as when every gambling site has a warning to gamble responsibly but there is no action from the casino and now it has really started with the help of the casino limiting deposit.
It really help gambler not to keep putting in money just to gamble for the sake of pleasure or for the pursuit of defeat and with this it is evident that actually gambling is also always concerned about its customer about gambling with money that can afford to lose and don't regard gambling as enough income as a place to have fun.
I would totally agree if one day all gambling sites have a feature system like this which can really prevent someone from becoming addict.
But I would like to suggest which site has a feature like that and will it really be carried out by gambling partie or is it just a rumor?

[Ulven]

Snip...

Deposit restrictions are intended to provide people some degree of control over their gambling expenses, particularly for those who might have issues with compulsive gambling or addiction. Players can avoid going over their budgets and possibly running into financial difficulties by establishing a limit!!!
The success of deposit limitations, on the other hand, mostly rests on the person's capacity to uphold them and practise restraint. As you noted from your own experience, some people may find methods to raise their restrictions following losses, which might cause new issues.
For those who gamble daily or frequently, setting a daily limit can indeed be more effective in managing their gambling behavior. This is because daily limits create more frequent checkpoints and prevent rapid, large losses in a short period. It may help players to stay within their means and avoid significant financial harm!!
Personally, I allocate a weekly budget, and if I lose it in the early days of the week, I wait for the following week before depositing the same designated amount again.