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 think it's a nice thing to have a deposit limit but they shouldn't allow us to change the deposit limit once set for the given period of time.
Only after the duration is over we should be able to change the deposit limit again. But I know they are allowing it to generate more business revenue.
This shows they don't care much about their users are into it only for profits. The ability to create a deposit limit is just a show off for them to convince users that they do care about their users.
Deposit limits are not practical, because if someone is actually addicted to gambling and cannot change the amount they can deposit, they would find different ways to gamble the money away. That is obvious.
Self-exclusion is similar, but arguably is the traditional way to exclude oneself from gambling. I think those measures would have been more effective if the online casinos would have never come to be so widely available and the only way to gamble was driving to the nearest casino.
With internet, smartphone an the high number of casinos we can find today if someone wants to gamble, it is just mater of going through a brief investigation, created an account, send documents and deposit.