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Author Topic: Risk management and responsible gaming  (Read 1515 times)
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May 16, 2024, 02:09:12 PM
 #221

It will be so amazing and understanding if the government is putting a good support in Gaming and gambling at the same,they can also encourage responsible gambling and also a good gaming, it is everyone intention to make money in gambling and I really appreciate good gaming and having a good Thoughts in the gambling world.
Well it just an individual opinion



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July 22, 2024, 10:53:06 AM
 #222

Governments and several organisations work to encourage responsible gaming. This involves establishing betting restrictions, offering support to those who think they have a gambling problem, and participating in self-exclusion programmes.

Very striking topic but the contents are not impressive enough, risk management is very crucial in gambling, it's very important to gamble responsibly so you don't end up in huge losses. In Nigeria I don't think there's anything the government can do to have a successful influence over majority of gamblers in Nigeria to gamble responsibly because of a lot of people have nothing to, there are no job opportunities, the economy is in total disarray and most people claim to make a lot of money from gambling by staking huge amounts of money..but I always say that having in a limit is very key in gambling, do not stake more than 5 to 10 percent of your income because profit isn't guaranteed.

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July 22, 2024, 11:36:54 AM
 #223

Promoting responsible gaming is important. Governments and organizations promote this to set betting limits and offer support for those with gambling issues.

Is this really happening in real scenarios, like in our online casinos here? I believe they'll only limit a gambler if they are winning, but if they are losing, they'll be okay with accepting more bets. And how would they determine that a gambler is already gambling a lot of money when they don't know the financial status of a gambler? So if you are a millionaire, it's okay to bet $1,000 to $10,000 per bet. For most of us, that's too much, but for a millionaire, they can afford that. So it's really challenging to implement such rules if they have no idea how financially capable their gambler is.

Self-exclusion programs help individuals control their gambling habits. It's all about protecting people's well-being and making people stay away from harm.
it's a feature available in some online casinos, but are we really using it?

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July 22, 2024, 01:05:39 PM
 #224

It will be so amazing and understanding if the government is putting a good support in Gaming and gambling at the same,they can also encourage responsible gambling and also a good gaming, it is everyone intention to make money in gambling and I really appreciate good gaming and having a good Thoughts in the gambling world.
Well it just an individual opinion

From its intentions and objectives, yes, the government is quite concerned about the safety of its people, but we have to understand that if there is nothing that can make people, especially gamblers, feel afraid of these regulations for some reason, such as the lack of punishment for breaking them or any threats, then I think In the end, there will always be some people who gamble blindly.

This is nothing more than a rule, because when a gambler has entered a gambling session then the story will be different, especially when they experience emotions due to losing for example, and it is very possible for them not to be a responsible gambler in the sense of treating their gambling activities beyond their limits.

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July 22, 2024, 01:15:35 PM
 #225

Governments and several organisations work to encourage responsible gaming. This involves establishing betting restrictions, offering support to those who think they have a gambling problem, and participating in self-exclusion programmes.

Very striking topic but the contents are not impressive enough, risk management is very crucial in gambling, it's very important to gamble responsibly so you don't end up in huge losses. In Nigeria I don't think there's anything the government can do to have a successful influence over majority of gamblers in Nigeria to gamble responsibly because of a lot of people have nothing to, there are no job opportunities, the economy is in total disarray and most people claim to make a lot of money from gambling by staking huge amounts of money..but I always say that having in a limit is very key in gambling, do not stake more than 5 to 10 percent of your income because profit isn't guaranteed.
People will always give a way to make money, and as humans we are always careful with our capital so that we don't get to lose them easily, mostly if they capital haven't generated any profits yet. The risk of making gamble a means of making money is high but it's seems that some gambler don't care that's why they use big money to wager on big/small odds, and truth be told that they sometimes they are lucky to win.











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July 22, 2024, 01:43:04 PM
 #226

 
Very striking topic but the contents are not impressive enough, risk management is very crucial in gambling, it's very important to gamble responsibly so you don't end up in huge losses.

I think that's the worst misconception they are getting about gambling. In Nigeria, where it's people finds all means to put foods on their table, there won't be much of responsible gambling. Most people might just want to gamble to be able to sustain them self and they might have the wrong idea that staking huge amounts will yield more rewards. Though it's true but then you are actually risking too much. I've seen so many of these gamblers trying to fortunes overnight. They place full confidence on their one game and expect to make so much over a short period.

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September 25, 2024, 04:43:20 AM
 #227

Governments and several organisations work to encourage responsible gaming. This involves establishing betting restrictions, offering support to those who think they have a gambling problem, and participating in self-exclusion programmes.

That would be very helpful to support addicted and compulsive gamblers but I don't think the government has time for this. When we talk about risk Management some gamblers think it's a system that reduces their chances of winning big. First of all, staking extremely high doesn't give you an assurance of winning instead you are putting yourself at risk losing more, reducing your stake would help you minimize losses. Being a responsible gambler puts you in control of your finances, this is something some gamblers don't understand

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September 25, 2024, 06:24:57 AM
 #228

Governments and several organisations work to encourage responsible gaming. This involves establishing betting restrictions, offering support to those who think they have a gambling problem, and participating in self-exclusion programmes.

Very striking topic but the contents are not impressive enough, risk management is very crucial in gambling, it's very important to gamble responsibly so you don't end up in huge losses. In Nigeria I don't think there's anything the government can do to have a successful influence over majority of gamblers in Nigeria to gamble responsibly because of a lot of people have nothing to, there are no job opportunities, the economy is in total disarray and most people claim to make a lot of money from gambling by staking huge amounts of money..but I always say that having in a limit is very key in gambling, do not stake more than 5 to 10 percent of your income because profit isn't guaranteed.
If no one can guarantee winnings in gambling then it is almost impossible to imagine to get regular money from gambling or be financially sound after winning from this platform. Some people may be lucky. That's why they may have more wins than their pursuits, but that won't always be consistent. Gamblers must be prepared to lose. A large part of the youths in Nigeria are involved in gambling as there are many who have won a lot of money and the loss is undisclosed. If someone focused gambling only on winning, I would find it hard to believe. A combination of winning and losing results in gambling. Of course a gambler should consider risk. If risk management is not managed properly, there will be increased chances of loss.

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September 25, 2024, 07:50:05 AM
 #229

Governments and several organisations work to encourage responsible gaming. This involves establishing betting restrictions, offering support to those who think they have a gambling problem, and participating in self-exclusion programmes.
That would be very helpful to support addicted and compulsive gamblers but I don't think the government has time for this. When we talk about risk Management some gamblers think it's a system that reduces their chances of winning big. First of all, staking extremely high doesn't give you an assurance of winning instead you are putting yourself at risk losing more, reducing your stake would help you minimize losses. Being a responsible gambler puts you in control of your finances, this is something some gamblers don't understand
Support for addicted and compulsive gamblers already given from the government and the organizations  but if they don't realize about what happen to them, that will not makes them want to reduce or even to stop their gambling activity. They will see that there is no problem with them so they will still playing gambling as usual and the help will not work as the government and the organizations wants. The awareness from gamblers itself needed to see the help will works good for them so they really can reduce their gambling habit and cure their gambling addiction. That is why every people must have risk management and responsibility when playing gambling so they can avoid the gambling addiction and can enjoy their gambling activity as an entertainment while they can also relax themselves from gambling.

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September 25, 2024, 12:09:04 PM
 #230

Governments and several organisations work to encourage responsible gaming. This involves establishing betting restrictions, offering support to those who think they have a gambling problem, and participating in self-exclusion programmes.

That would be very helpful to support addicted and compulsive gamblers but I don't think the government has time for this. When we talk about risk Management some gamblers think it's a system that reduces their chances of winning big. First of all, staking extremely high doesn't give you an assurance of winning instead you are putting yourself at risk losing more, reducing your stake would help you minimize losses. Being a responsible gambler puts you in control of your finances, this is something some gamblers don't understand
It's true that risk management is very difficult to understand in the case of addicted gamblers, they just keep on winning. Even if the government wants to it cannot do anything here awareness of gamblers is most effective. Gambling addiction is a complex condition that if unrecognized and untreated can have very serious and devastating consequences in a person's life. This problem can be associated with other mental illnesses such as depression and anxiety disorders. Responsible gamblers go to great lengths to maintain responsible gaming principles players are advised to be vigilant and pay attention to potential signs of a problem to prevent a minor problem from turning into a serious addiction.

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September 25, 2024, 02:16:00 PM
 #231

Governments and several organisations work to encourage responsible gaming. This involves establishing betting restrictions, offering support to those who think they have a gambling problem, and participating in self-exclusion programmes.

And that's right. Complete freedom doesn't make people happy, control is needed. All adults are grown children, and everyone has their own development. Someone stops at 16 and lives like that their whole life with the mentality of a child. And such people need protection from casinos and betting. We need regulators who won't let them lose all their money.

Maybe someone will say that everyone should be given freedom, but I come to such people to think about children whose parents are problem gamblers. This needs to be regulated.

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September 25, 2024, 03:10:33 PM
 #232

That would be very helpful to support addicted and compulsive gamblers but I don't think the government has time for this. When we talk about risk Management some gamblers think it's a system that reduces their chances of winning big. First of all, staking extremely high doesn't give you an assurance of winning instead you are putting yourself at risk losing more, reducing your stake would help you minimize losses. Being a responsible gambler puts you in control of your finances, this is something some gamblers don't understand
It's true that risk management is very difficult to understand in the case of addicted gamblers, they just keep on winning. Even if the government wants to it cannot do anything here awareness of gamblers is most effective. Gambling addiction is a complex condition that if unrecognized and untreated can have very serious and devastating consequences in a person's life. This problem can be associated with other mental illnesses such as depression and anxiety disorders. Responsible gamblers go to great lengths to maintain responsible gaming principles players are advised to be vigilant and pay attention to potential signs of a problem to prevent a minor problem from turning into a serious addiction.

When someone has become addicted to eating gambling it will be difficult for them to think about the risks that will be faced while betting because all they think about is the victory of the bet played but it is difficult for them to win the bet if they do not have risk management, it will indeed be difficult to treat those who have experienced the addiction to gambling without having any awareness of themselves then it will never be can get rid of the habit of gambling, but when they have the desire to get rid of the habit to gamble, it will certainly be easier for them and there must also be people close to them who support them so that they can get rid of their desire to gamble slowly.

If someone can gamble responsibly then when they bet of course they will be able to do it casually and also be able to enjoy every bet they play and when they have won from the bets they have played, of course they will prefer to enjoy the winnings they have gotten compared to hoping to be able to get bigger wins and when they lose will certainly stop to take funds to continue their gambling which results in even greater losses.
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