Deposit limits

[goldkingcoiner]

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 do not understand what exactly the point in a deposit limit would even be in the first place? A marketing tactic?

If you have a business and your venture makes profit off people who deposit their money on your platform, why would you want to limit the amount that they can deposit? That is at the same time limiting for the business owner in regards to potential profits.

What I can imagine the deposit limit could be used for is for minimal AML law limits. Like on some cryptocurrency exchanges. Perhaps, if you deposit below the limit of a certain amount then certain regulations can be loop-holed or something?

A gambling casino which has deposit limits sounds weird.

[Lida93]

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.

If gambling sites will be mandated to enroll and implement the gambling limit into their policy like they do so much with withdrawal policies it will help cushion the effects of gambling addiction in gamblers. As each gambler will have a limited time to spend either online or offline gambling because immediately you consume your limit you're done for the day giving yourself time for other important things in the day than spending all day gambling chasing loss leading to imminent addiction.

[Mr.suevie]

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.

Not only that, gambler may just move on to another gambling site and just leave the deposit limit on the site as it is.  I also think that deposit limit is imaginary unless the gambler himself has strong will to keep his deposit limit in effect all the time.  So I believe for people who wanted their deposit on a certain gambling platform to have limit, this option of a gambling platform is helpful.  Since there is no stopping a gambler to hop in every gambling platform available or within his reach.

funny enough what you said is actually the truth because many gamblers just go on deceiving themselves about ways in which they can keep their gambling habit in check and I say this because of some of the bad experiences I had when trying to control. I would just call customer service of some of casino here in my locality and ask them to deactivate my account totally and a couple weeks will pass and I will just find another casino and continue which is just as moving in one big whole circle and I feel same thing is going to happen even after controlling your deposit limit, all this thought boils down to one main fact which is the self discipline of the gambler

[Oasisman]

Deposit limits

This is better than nothing though. It's not easy to identify who's who that can afford to lose this certain kind of amount and what would be his ideal deposit limit, unless the gambling website implements KYC that includes a proof of your monthly income. But online casinos won't do that of course otherwise they'll ran out of clients.
So, this is better than nothing IMO. That 24hr timeframe for increasing your deposit limit is just right, fair enough for the players to not wait a little bit longer. Afterall, it's still our responsibility to set limits to avoid over-doing gambling.

[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.

Not only that, gambler may just move on to another gambling site and just leave the deposit limit on the site as it is.  I also think that deposit limit is imaginary unless the gambler himself has strong will to keep his deposit limit in effect all the time.  So I believe for people who wanted their deposit on a certain gambling platform to have limit, this option of a gambling platform is helpful.  Since there is no stopping a gambler to hop in every gambling platform available or within his reach.

When something does not work, how can it be helpful?, op was completely right when he said that the weekly deposit limit does not work since it is very possible for the gambler to go into the casino and change some figures after 24 hours of setting it, that clearly means that setting a weekly deposit limit is nothing but a sham, it can only work if the gambler take it upon him or her self to make it work for him or her, that means the gambler will have to discipline him or her self, by then, we cant really say that the deposit limit worked, since it only did by the effort of that one gambler, another with not the self will and ability like the first gambler may try it and by the next, he or she will continue gambling from where he or she stopped yesterday even  while he or she already reached the limit he or she set the same yesterday, so clearly, a casino having this option is not helpful in any way if it does not work.

[Slow death]

I do not understand what exactly the point in a deposit limit would even be in the first place? A marketing tactic?

this is a resource that works to prevent people from depositing money that they cannot afford to lose, in a nutshell it avoids excessive spending, for example if a person has a salary of 500$ a month and likes to play in casinos but he can't control himself and ends up putting all his money in the casino, but when he finds a casino where he can put a limit of 100$ on the maximum deposit per month then that person will only play with 100$ per month, he will not lose everything anymore his salary every month, when you look at this feature at first glance it seems to be something useless

but it is something very useful for people who do not have good financial management, are dependent on gambling, I read somewhere that there was a government that put a limit on the amount that its citizens can spend with credit cards in games bad luck, I don't know if I'm getting confused, but I remember reading this somewhere, anyway I'm wondering if it's not something difficult for casinos to put this feature in, the ideal is that each person has self-control and good financial management and do not depend on others

[Wiwo]

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.

Not only that, gambler may just move on to another gambling site and just leave the deposit limit on the site as it is.  I also think that deposit limit is imaginary unless the gambler himself has strong will to keep his deposit limit in effect all the time.  So I believe for people who wanted their deposit on a certain gambling platform to have limit, this option of a gambling platform is helpful.  Since there is no stopping a gambler to hop in every gambling platform available or within his reach.

When something does not work, how can it be helpful?, op was completely right when he said that the weekly deposit limit does not work since it is very possible for the gambler to go into the casino and change some figures after 24 hours of setting it, that clearly means that setting a weekly deposit limit is nothing but a sham, it can only work if the gambler take it upon him or her self to make it work for him or her, that means the gambler will have to discipline him or her self, by then, we cant really say that the deposit limit worked, since it only did by the effort of that one gambler, another with not the self will and ability like the first gambler may try it and by the next, he or she will continue gambling from where he or she stopped yesterday even while he or she already reached the limit he or she set the same yesterday, so clearly, a casino having this option is not helpful in any way if it does not work.

How I think such a feature will work properly and in favour r of the gambler is by allowing the casino to set the limits for the players and the gambler not being able to change the figure that is set for the account as the limit,  this is the only way that the casino will help the player maintain such limits because the casino can easily monitor the activities of the gambler and apply this feature according to the level of the gambler activities on the casino.

But leaving everything in the hand of the gambler to set the weekly or monthly deposit limits with the option to adjust the limit at will and after some specific hours makes the feature becoming vulnerable and ineffective,  since e the player can adjust it in whichever ways he feels like and how it suits his mode at all time.

[Wakate]

Deposit limits

This is better than nothing though. It's not easy to identify who's who that can afford to lose this certain kind of amount and what would be his ideal deposit limit, unless the gambling website implements KYC that includes a proof of your monthly income. But online casinos won't do that of course otherwise they'll ran out of clients.
So, this is better than nothing IMO. That 24hr timeframe for increasing your deposit limit is just right, fair enough for the players to not wait a little bit longer. Afterall, it's still our responsibility to set limits to avoid over-doing gambling.

I don't see reason why we have to bother ourselves creating or using deposit limit because there is no need for that. One thing we need to be doing to have self discipline and make sure that we monitor the way we make deposit and gamble with our hard earned money. Casinos we not do what will make them to have low income from there customers because that is where they get funds to pay there staffs and do marketing. If a gambler can take the challenge to work on himself and perfect his ways not to gamble excessively, it will make him make good decisions that will help you reduce gambling addiction.

[ralle14]

Most gamblers won't find the deposit limit that effective as it's suffering the same problem as the other solutions, but still, it'll help gamblers who are having a hard time suppressing their impulse. If you can limit yourself from playing on the best casino around then it's good enough because not everyone will play on other casinos when they don't have the same account progress on other casinos. You start losing a bunch of perks by changing casinos and IMO that can be discouraging enough to follow the limit.

[Gozie51]

Most gamblers won't find the deposit limit that effective as it's suffering the same problem as the other solutions, but still, it'll help gamblers who are having a hard time suppressing their impulse. If you can limit yourself from playing on the best casino around then it's good enough because not everyone will play on other casinos when they don't have the same account progress on other casinos. You start losing a bunch of perks by changing casinos and IMO that can be discouraging enough to follow the limit.

It will be of great help for gamblers if casinos begin to have such limit but I doubt how many casinos don't want money. They need money to continue existing because they have to pay bills. Gamblers will definitely like it on a casino implementing it and they will shift their patronage towards it. It is lack of emotional control that get people into refunding of account after they have lost because they want to regain what they have lost, so having such automatic deposit limit either daily, weekly or monthly will help gamblers.

[Nrcewker]

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

A responsible gambler always gambles in limit. He is responsible enough to gamble that amount that he can afford to lose. Keeping a deposit limit is a unnecessary feature according to me. A person will always deposit the money which have extra in his hands. So whether he has set the limit or not it doesn’t matter. Once the gambler doesn’t have enough money to deposit then how will he deposit if his limit is completed yet? This feature by the gambling casinos were not required at all.

[Don Pedro Dinero]

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.

It may seem silly, but having to wait 24 hours can save you by completely changing the emotional state you are in. Usually someone sets a limit because they have self-control problems, and when they lose what they have deposited, they would deposit more, but they cannot. If you have to wait 24 hours, in many cases you will have returned to a rational state of thinking instead of being tilted, which can save you. Although they could do it even longer term, a week for example.

[Reatim]

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.

Being mentioned everything , it end up still that we are responsible to deal with our limits because if we are not disciplined enough  ? we will continuously ending to expand our limits to sustain our desires.
either to win or to enjoy, still not that good to produce that large limits of betting.

[wxa7115]

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.

True, but even if a bunch of casinos were committed to protect their customers and never modified the deposit limit you have set for yourself when you opened your account, casinos cannot really protect you from yourself.

As in that case then you could just open an account on a new casino and then you could set a high deposit limit and get around those protective measures set by the casinos, demonstrating once again that all of those methods will never work as those which cannot stop gambling will always find a way to do it.

[kamvreto]

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.

True, but even if a bunch of casinos were committed to protect their customers and never modified the deposit limit you have set for yourself when you opened your account, casinos cannot really protect you from yourself.

As in that case then you could just open an account on a new casino and then you could set a high deposit limit and get around those protective measures set by the casinos, demonstrating once again that all of those methods will never work as those which cannot stop gambling will always find a way to do it.

The commitment to protect users has also been written in the casino TOS, it has become a guideline that cannot be violated. As a user, you are entitled to appropriate protection. But if a casino violates that then it is not a professional casino and needs to be watched out for. Casinos that are professional will provide full protection, of course, and the characteristics of casinos with good protection, of course, have been operating for a long time and have not received any complaints from users about user violations. But if you plan to stop gambling, not for regulatory reasons but because you want to avoid a more severe addiction.

[Kakmakr]

The moment when the casino allow you to set your own limits and then to frequently change them, it nullifies the whole purpose of these limits. There should be time limits on your ability to change these limits and that should come from the casino and not the gambler.

A lot of the casino implement these "limits" just to show to the regulators that they are advocating for "responsible gambling" .....knowing that these measures are worthless. (It just ticks the box) 

[ethereumhunter]

Being mentioned everything , it end up still that we are responsible to deal with our limits because if we are not disciplined enough  ? we will continuously ending to expand our limits to sustain our desires.
either to win or to enjoy, still not that good to produce that large limits of betting.

Because with that responsibility, we can anticipate things we don't want so they don't happen to us. And restrictions accompanied by responsibility can keep us from gambling addiction, which many gamblers have experienced to the point that they cannot control themselves. But what happened was that people were even more eager to deposit their money to continue playing gambling and get the win they wanted. Even though it has exceeded its limit, it can make them experience more and more defeats than before. They should realize it before it's too late and try to have a good responsibility.

[OgNasty]

The casino can only do so much for you. At the end of the day they’re running a business and you should have a right to use their service. Not to mention if they didn’t allow you to change this setting then for sure users would regret it and contact customer service. Probably say it was a mistake or they were drunk etc. the fact they allow you the option to do it at all shows they’re making an effort.

[pakhitheboss]

This is nothing but a strategy by casinos to make thier users feel that they care for them. I mean why can't they increase it from 24 hours to 36 hours. They won't after all they are here to do business and make profits. This why daily gamblers should gamble resposibly. They should be disciplined and not fall for such kind of features which doesn't make any sense.

[CarnagexD]

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.

But at least, casinos are making sure that they are having a contribution to the betterment of their players. Just like withdrawal limits to protect casinos, deposit limits are there to protect the participants from their spending and over-gambling. I believe it is a game changer for online casinos because this only proves that they care about their players.

However, regardless of the rules set by the casinos, if the gambler is unwilling to submit into it and lacked the discipline, then it will be useless. They will still deposit more money to use, they will still over gamble and that is the truth.