Deposit limits

[Mr. Magkaisa]

     -     It seems like I just know that there are limits to deposit at a gambling casino online. Is it applicable to all crypto gambling? Because I don't gamble often not five times a month I play gambling.

But in my opinion, that strategy of a casino is also good at thinking, in favor of addicts to play gambling so that they can at least have discipline even when gambling, especially if they have a day when they are unlucky.

[piebeyb]

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) 

Not everyone wants to limit their spending in gambling, sometimes when they become heavy addicts it will be very difficult to regulate them to be able to gamble responsibly, that's why there are casinos that do this too to help them but in the end it must always be above the comfort of the user if want to use it to limit their spending on gambling.

I am happy that having a casino like that helps us to limit our expenses and deposits in gambling, but I prefer to do it independently so for me I am used to setting my deposit and gambling budget limits because it is important for me not to lose too much money. if the casino implements restrictions like this I will be happy to support it although it is also up to the users to decide by ticking the agreement in the rules. 

[bakasabo]

On one hand it is good to have deposit limits. Gambler wont be able to lose more than he has planned. On the other hand, this goes across casinos plan to earn, as they limit themselves. Third opinion - deposit limit saves indirectly gambler from immediate KYC procedure. If someone makes and account, and all of a sudden deposit thousands or a million, casinos security services will be immediately triggered about money laundry. I think deposit limit is a necessary feature for casinos.

[tusandii]

     -     It seems like I just know that there are limits to deposit at a gambling casino online. Is it applicable to all crypto gambling? Because I don't gamble often not five times a month I play gambling.

In each casino there is a limit to the number of deposits and withdrawals so that gamblers also do not experience losses when making deposits or withdrawals because in each transaction there are costs that must be borne by the gambler.
When only making a deposit with a small amount and then adding a fee, isn't that enough to cut the gambler's budget so that each casino imposes certain limits.

But in my opinion, that strategy of a casino is also good at thinking, in favor of addicts to play gambling so that they can at least have discipline even when gambling, especially if they have a day when they are unlucky.

In fact, it has nothing to do with gambling addicts, but with a deposit limit, at least it's easier for gamblers to play gambling when they only have money.

[elevates]

    -     It seems like I just know that there are limits to deposit at a gambling casino online. Is it applicable to all crypto gambling? Because I don't gamble often not five times a month I play gambling.

In each casino there is a limit to the number of deposits and withdrawals so that gamblers also do not experience losses when making deposits or withdrawals because in each transaction there are costs that must be borne by the gambler.
When only making a deposit with a small amount and then adding a fee, isn't that enough to cut the gambler's budget so that each casino imposes certain limits.

In a casual way, I would state the reason why casinos use such features. These casinos want you to gamble every day. They want you to believe that they do have humane sentiments. That is the reason they come up with such ideas. As a gambler, your trust would grow when a casino platform is showing some restrictions. In the end, it is a marketing gimmick as probably a fair feature. A casino would never give you a detailed reason on what basis they decided the deadline. The reason behind they want to make a profit. Unless they make a profit why would they ever market their platform? It is through marketing that guys like us are earning every week.
  

[Josefjix]

     -     It seems like I just know that there are limits to deposit at a gambling casino online. Is it applicable to all crypto gambling? Because I don't gamble often not five times a month I play gambling.

But in my opinion, that strategy of a casino is also good at thinking, in favor of addicts to play gambling so that they can at least have discipline even when gambling, especially if they have a day when they are unlucky.

Gambling every single time will definitely lead to addictive behavior, I would urged us to take things easy and focused more on other things apart from gambling. Deposit limitations are a good strategy to keep most gambling addicts from wagering on games; they will reduce gambling to its most basic expression. I didn't even realize there were gambling deposit limits because I only gamble four times a week, and I constantly have something going on that keeps me pretty busy, which is why I wager on games in my spare time, it would be of great benefit to gamblers, and a better outcome.

[Helena Yu]

Even the casino has a deposit limit feature, the gambler can just create a new account on the other casino and make deposit as much as they can. It's similar like self exclusion or such thing to prevent or limit the gambler to gamble, there's nothing can stop them if he's not the one who commit to stop.

If self exclusion and deposit limit are effective to reduce gambling addict, we will not see any gambling addict anymore as every casino already have that.

[panjul07]

     -     It seems like I just know that there are limits to deposit at a gambling casino online. Is it applicable to all crypto gambling? Because I don't gamble often not five times a month I play gambling.

But in my opinion, that strategy of a casino is also good at thinking, in favor of addicts to play gambling so that they can at least have discipline even when gambling, especially if they have a day when they are unlucky.

If the terminology "limit" refers to maximum amount of deposit (can be in single time or accumulative amount), as far as I know there is no casino with deposit limit feature, at least in the casinos where I play.
Perhaps there are some casinos with this feature but I havent found it so far.
The most used feature in casinos is winning limit which is used to manage the house's bankroll so the casino can run effectively with less risk of bankrupt due to huge win by players.
All in all if we want to limit ourselves, we should not be relied on the provided features by the casino, we should limit ourselves in our own mindset.

[noormcs5]

     -     It seems like I just know that there are limits to deposit at a gambling casino online. Is it applicable to all crypto gambling? Because I don't gamble often not five times a month I play gambling.

But in my opinion, that strategy of a casino is also good at thinking, in favor of addicts to play gambling so that they can at least have discipline even when gambling, especially if they have a day when they are unlucky.

Do you really think that casinos should place a deposit limit for all gamblers? Yeah, I understand that it may help the gambler not to become addicted but on the other hand, it puts a limit on a gambler who is very rich and he wants to gamble with more money.

Instead of gambling sites putting a restriction on deposits, better for the gamblers put restrictions on themselves and let everyone deposit according to their portfolio. Too many restrictions will not be good, after all we do not want a "Gambling jail", Do we 

[Wapfika]

    -

If the terminology "limit" refers to maximum amount of deposit (can be in single time or accumulative amount), as far as I know there is no casino with deposit limit feature, at least in the casinos where I play.
Perhaps there are some casinos with this feature but I havent found it so far.
The most used feature in casinos is winning limit which is used to manage the house's bankroll so the casino can run effectively with less risk of bankrupt due to huge win by players.

This kind of limit that related to the amount which players can spend or deposit is only available on fiat casino since some country especially on UK has this kind of law that limit gambling expenses of user living on this country. There’s no crypto casino exist today that offers this kind of limits maybe casino that originally a fiat casino that adds crypto as payment processors might have this kind of feature.

All in all if we want to limit ourselves, we should not be relied on the provided features by the casino, we should limit ourselves in our own mindset.

True but this is the hardest part to do in gambling when you are already invested time on playing.

[Fortify]

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.

It's actually rather helpful to have these sort of restrictions in place, because unlike your claim i feel it's a big help. Gambler's often suffer from short term thinking, which means they are susceptible to losing a bunch of money and wanting to "earn it back" right away. This sort of filter makes it difficult to get carried away, because the impulse vanishes when a forced break is imposed and rational thinking can return after a break.

[Hispo]

Deposit limits can be helpful, in a temporary way, to help those who feel a overwhelming need for gambling, however I must say I agree with OP, those limits are not a solution in the mid or long term, because in the end, the user has control over it and can change it to a higher number, because of a lack of discipline.

It is similar to antiviruses, in that sense, they protect you but you can always deactivate them in order to install something which would trigger it, like an unauthorized copy of software or a crack.

The solution is to have self control and seek for the help one needs.

[madnessteat]

^

I don't quite agree with you. Limiting deposits is indeed useful, but only when it is not done through the casino and you have learned how to control yourself while gambling. Without this skill, using casino deposit limiting services you can easily go to another casino and lose all the money on your credit card. You need to learn how to set limits for a gaming session deposit and honor them. I myself use this strategy and I will tell you honestly that after I learned to do this I started losing much less money.

[Yatsan]

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.

Thing won't work; you could just create another account if you are really down for it. Indeed what we need as gamblers is discipline. We should set for limits to ourselves. The phrase "bet only what you cannot afford to lose" will be always brought up. No one wants to lose ofcourse but bottomline here is an amount you can replace if by any chance you would be needing it. Going all out in gambling won't put you anywhere better.

^

I don't quite agree with you. Limiting deposits is indeed useful, but only when it is not done through the casino and you have learned how to control yourself while gambling. Without this skill, using casino deposit limiting services you can easily go to another casino and lose all the money on your credit card. You need to learn how to set limits for a gaming session deposit and honor them. I myself use this strategy and I will tell you honestly that after I learned to do this I started losing much less money.

Well, this is not to not appreciate deposit limits set by gambling platforms. But such limits won't mean nothing if the gambler him/herself is the problem. There are many ways to play as long as gambling platforms are accessible in your country. If one is addicted already he'd move to another platform just to satisfy that urge to play.

[yahoo62278]

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.

On 1 hand, I wish the sites would stick to their statement. If you set a limit for 30 days at $100 then you're stuck to it for 30 days. The issue is, if they do that then the degenerates will just make multiple accounts and bypass the limit. You gotta save yourself from yourself basically and that's not easy if you're addicted.

[coolcoinz]

On one hand it is good to have deposit limits. Gambler wont be able to lose more than he has planned. On the other hand, this goes across casinos plan to earn, as they limit themselves. Third opinion - deposit limit saves indirectly gambler from immediate KYC procedure. If someone makes and account, and all of a sudden deposit thousands or a million, casinos security services will be immediately triggered about money laundry. I think deposit limit is a necessary feature for casinos.

So, you claim that going against the casino's plan is a bad thing.
I don't get what you're trying to say here. Why should a gambler care about the casino's plan? Why should this be a bad thing from his point of view?

First of all, the casino will earn regardless of your limits. If you can't control your habit, limits are a great thing for you. Yes, it might limit the casino's profit, but at the same time it keeps you from going bankrupt, so the casino has a long-term player and eventually earns according to plan, just in a longer time frame.

[salad daging]

     -     It seems like I just know that there are limits to deposit at a gambling casino online. Is it applicable to all crypto gambling? Because I don't gamble often not five times a month I play gambling.

But in my opinion, that strategy of a casino is also good at thinking, in favor of addicts to play gambling so that they can at least have discipline even when gambling, especially if they have a day when they are unlucky.

I did not find any crypto casino sites that can limit deposits, during this time playing on some casino sites never found this feature.

For me this has to go back to ourselves how to control it, while the casino only limits 24 hours to be able to raise its limits as they want, 1 day is not very ideal if the next day they can deposit back without the basis that is addiction.

Our habits should be our responsibility and discipline is more important in gambling.

[Aikidoka]

     -     It seems like I just know that there are limits to deposit at a gambling casino online. Is it applicable to all crypto gambling? Because I don't gamble often not five times a month I play gambling.

But in my opinion, that strategy of a casino is also good at thinking, in favor of addicts to play gambling so that they can at least have discipline even when gambling, especially if they have a day when they are unlucky.

I believe this could be a great option to help limit some gamblers' addiction and encourage them to set a weekly or monthly spending limit.

Deposit limits are really beneficial for those who struggle to control their gambling habits. However, personally it's not something I worry about as I know exactly how to manage my funds and when to stop. I don't gamble much probably only a few times every two weeks, mostly on weekends when there are more events. I've never fallen into the trap of becoming addicted or exceeding my set limit.

[Aanuoluwatofunmi]

     -     It seems like I just know that there are limits to deposit at a gambling casino online. Is it applicable to all crypto gambling? Because I don't gamble often not five times a month I play gambling.

I want to believe that this may not really be applicable to many online casinos as long as you're not trying to make withdrawals, they are more strict with the withdrawals than making a deposit, putting a limit to how we can make deposit is not going to work for most gambling websites because they will not like to accept policies that will restrict them from making more money from gamblers choice when gambling.

But in my opinion, that strategy of a casino is also good at thinking, in favor of addicts to play gambling so that they can at least have discipline even when gambling, especially if they have a day when they are unlucky.

It's not actually good for the casinos but it's more effective for the gamblers sake, especially for those who were addicted to gambling.

[Huppercase]

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 am not sure if you know about deactivation of account options in online betting sites, this also helps you relax mind and soul when you think you need a break from gambling entirely, it helps gambler get rest and think and once yiu deactivate an account, it can not be accessed again until that time has elapse as agreed on the time that was chosen by the bettor. I think it really cool option to mitigate loss anytime a player needed a rest to get back stronger especially when losing continuesly and simultaneously.

However, I have check senerio and where this option might comes as disadvantage, if you have a deposit limit of $100 and you lose everything and then all of a sudden, you saw a game that you know that is assured, I mean even a newbie could make that simple decision but to deposit money becomes an issue, it will be painful to lose that opportunity. I think every gambling setting has its own advantages and disadvantages.