User funding limit (daily, weekly and monthly)

[Hazink]

I just found an interesting feature in one of the local online casinos that's popular in my countryside. While trying to check around what they have to help a problem gambler limit how they gamble. I found a feature which was to set the amount limit which you can only fund your account with daily, and weekly and also monthly if you want, decided to test the feature since we can make direct funding from any of our banking payment app, I funded my gambling account with the exact limit I set it went through and was credited on my balance, after few minutes I went back to try another deposit it became pending on the app and later my money was reversed back to me.

I found that feature interesting, but unfortunately, it can't work in crypto casinos since they don't decide which transaction can go through the blockchain and which one that can not. If there is any way for such to be implemented, I believe it will help some problem gamblers remind them of their limit. No solution solves the problem 100%, but it's definitely going to help a little percentage of gamblers, just like the self-exclusion option which can still be bypassed.

[Odusko]

Who told you such features can't work in crypto casino, you are wrong, limit settings feature is part of the gambling control feature just like the self exclusion features, most centralized Fiat casino have that because of their banks requirements and enforcement of banking laws, so if crypto casino want to include that feature it won't be a pain in the ass and their could also achieve that easily, setting a limit in deposits could work in crypto casino if the gambler is ready to follow all the conditions, and ber the risks that comes with it, such as risks that comes with self exclusion features.

[Hazink]

Who told you such features can't work in crypto casino, you are wrong, limit settings feature is part of the gambling control feature just like the self exclusion features, most centralized Fiat casino have that because of their banks requirements and enforcement of banking laws, so if crypto casino want to include that feature it won't be a pain in the ass and their could also achieve that easily, setting a limit in deposits could work in crypto casino if the gambler is ready to follow all the conditions, and ber the risks that comes with it, such as risks that comes with self exclusion features.

Now let's assume such a feature is available which I have not seen on crypto casino, or maybe I'm the one who did not look well. And if you enable it, if you forget to set up such a feature and make a deposit into your address linked to the casino, where will the money go to? Or will you have to contact the casino for a manual refund, which if that's the case, then part of the deposit will be used to cover up for the transaction fee.

[KiaKia]

These features exists on few casinos but it would have been great if the only casino that existed forced players to abide by this rule, if a addicted gambler use such casino and they still feel like gambling, they will look for another casino, period.

If one forced them to take limited risk they will find others, even if all existed casinos have this feature a addicted gambler will reach the daily limit on every five or ten other casinos that they can find.

An addict don't know how to stop until their urge for gambling that day is been fulfilled.

[Sim_card]

This feature might not be in a crypto casino but personally, I feel it wouldn't change anything because it's when you set it to your daily limit that it will work for you. If you don't set it and just keep on gambling like that, you can gamble with whatever amount you want to gamble with. I believe that in life discipline and self control plays a major role in our daily activities so likewise, in gambling too. This is why I prefer to set my daily limit manually by having a gambling budget set for the day to gamble with from my weekly budget.

[Fiatless]

Who told you such features can't work in crypto casino, you are wrong, limit settings feature is part of the gambling control feature just like the self exclusion features, most centralized Fiat casino have that because of their banks requirements and enforcement of banking laws, so if crypto casino want to include that feature it won't be a pain in the ass and their could also achieve that easily, setting a limit in deposits could work in crypto casino if the gambler is ready to follow all the conditions, and ber the risks that comes with it, such as risks that comes with self exclusion features.

OP is talking about crypto casinos automatically returning deposited funds after a gambler exceeds his funding limit. It's not about if the feature exists or not. I have not actually used the limit settings because I don't need them now.

My thought to the OP is that instead of the casino sending back the money and incurring transaction fees, the amount could be frozen for a period and unfrozen when the time limit has expired.   

[Cointxz]

I found that feature interesting, but unfortunately, it can't work in crypto casinos since they don't decide which transaction can go through the blockchain and which one that can not. If there is any way for such to be implemented, I believe it will help some problem gamblers remind them of their limit. No solution solves the problem 100%, but it's definitely going to help a little percentage of gamblers, just like the self-exclusion option which can still be bypassed.

Stake has a feature like this called stake smart that allows you to modify your deposit limits and bet limits just like what you described here.

I don’t use this feature so I don’t know how exactly it works to limit the deposit maybe deposit address will be unavailable or deposit will just be floating until the limits expires.

[criptoevangelista]

These "anti-addiction lock" systems are great, but the big problem with heavily addicted players is that they find ways around them , they’ll just move to another casino. Addiction makes a person completely irrational, unable to see anything other than the urge to keep playing more and more.

[stompix]

I found that feature interesting, but unfortunately, it can't work in crypto casinos since they don't decide which transaction can go through the blockchain and which one that can not.

Lol, why not?
They would credit your account with the sum and return the extra, pretty easily.
How do you think this works with bank accounts? I can send 100 or 100 000 the casino has no way of accepting only a part of it.

Also, it's a mandatory requirement for all casinos licensed in the UK:
https://safergamblinguk.org/take-action-safer-gambling-tools/set-your-limits

Now let's assume such a feature is available which I have not seen on crypto casino, or maybe I'm the one who did not look well. And if you enable it, if you forget to set up such a feature and make a deposit into your address linked to the casino, where will the money go to?

In the void!!
It will be credited to your account, the system will detect that you have deposited more than you set the limit to and would automatically process a widrawl for the amount over to the address you have selected as your withdrawal address.
For gods sake , we have fridges that alert you you have only two beers left and make you a shopping list or are even able to order it alone from a shop and you think something that can be done with 5 lines of code is impossible?

[igebotz]

Who told you such features can't work in crypto casino, you are wrong, limit settings feature is part of the gambling control feature just like the self exclusion features.

Now let's assume such a feature is available which I have not seen on crypto casino, or maybe I'm the one who did not look well. And if you enable it, if you forget to set up such a feature and make a deposit into your address linked to the casino, where will the money go to? Or will you have to contact the casino for a manual refund, which if that's the case, then part of the deposit will be used to cover up for the transaction fee.

The coins will be regarded lost, and the casino will decide whether or not to return them; this will be handled similarly to exchange deposits, where deposits less than the minimum and maximum amounts are typically considered lost.

It would work with crypto, but it is better with fiat since it can be set to automatically reimburse excess deposits to the sender.  These limitations features are useful, but they do not prevent anything entirely.

[Slow death]

I confess I never cared about this, but reading some people's comments in this thread, I see that it is possible that it will be implemented in cryptocurrency casinos. My point is that I have seen many addicted people and I know well that these types of measures do not combat addiction. The addicted person is sick, he can remove these limits or look for other casinos that do not have these limits. So I see this resource as being more propaganda of the style: "we are doing something at least" to please the government than realistic.

[Odusko]

The coins will be regarded lost, and the casino will decide whether or not to return them; this will be handled similarly to exchange deposits, where deposits less than the minimum and maximum amounts are typically considered lost.

It would work with crypto, but it is better with fiat since it can be set to automatically reimburse excess deposits to the sender.  These limitations features are useful, but they do not prevent anything entirely.

That is right and reason I said it worked perfectly with Fiat casinos and some of them have affiliation with some bank and you get shown your minimum and max deposit limits, you can't send above such an amount, but with cryptocurrency where there is no such limitations features the sender will have to bear the risk if they send more than the maximum accepted deposits.

[igebotz]

I confess I never cared about this, but reading some people's comments in this thread, I see that it is possible that it will be implemented in cryptocurrency casinos. My point is that I have seen many addicted people and I know well that these types of measures do not combat addiction. The addicted person is sick, he can remove these limits or look for other casinos that do not have these limits. So I see this resource as being more propaganda of the style: "we are doing something at least" to please the government than realistic.

Not going to help much but still better than doing nothing to help - it's the thought that matters.

At least they'd have something in their defense if being sued " we provided features to manage gambling addictions, we care about our customers". They've played their part.

[danherbias07]

It's a start, right?

I have also heard about that news, and I think many countries that have made gambling legal are also using this kind of strategy to limit the gambling sessions of every gambler.
I think it's a good idea. Once the gambler sets his limits, then there's no turning back. That way, it could limit the chasing of losses of a gambler and it will prevent him from spending more. It could be a way to make him think about the decisions he made and maybe change the way he sees gambling.

[Z-tight]

I don't know if you know this, but this rule has already been implemented by the UK Gambling Commision. So all betting platforms across the UK must provide their customers with the option of setting deposit limits in their account. According to the commission, it is a way to protect customers.

However, i think it is good for casinos to add this as part of their self-exclusion option, but i do not like the idea of the government (U.K.) enforcing this as a general law to all betting operators, so every customer falls under it by default and not just those who need the option.

[joeperry]

Some of the gambling sites doesn't really care about the players and they just wanted to suck your bankroll. It's pretty interesting to have this kind of feature even in gambling site, I think the it can be implemented, for instance they can just lock the deposit feature if they have reached the deposit threshold, the problem is when they reuse the address they've used before. Maybe they can just pending the top up since it's irreversible through blockchain.

In that way the deposit will be credited when the threshold resets. This is a great idea for players but for business minded like casino owners, didn't want anything that will slowdown their profit.

[mu_enrico]

It can be easily done on a crypto casino (or any casino) since it can be implemented at the app level, not the smart contract. Let's say your deposit goes into a vault, which can only be opened, or the funds made available, up to a maximum of x dollars every week. That way, you can see your vault balance, but cannot access it, depending on your settings. Let's say you can only tweak your settings every x months. Moreover, you can withdraw from the vault at any moment. Problem solved!

But like others have said, the casino won't bother to do that since it won't increase their profit. It makes sense only if the casino wants to follow certain country laws.

[Beparanf]

I found that feature interesting, but unfortunately, it can't work in crypto casinos since they don't decide which transaction can go through the blockchain and which one that can not. If there is any way for such to be implemented, I believe it will help some problem gamblers remind them of their limit. No solution solves the problem 100%, but it's definitely going to help a little percentage of gamblers, just like the self-exclusion option which can still be bypassed.

Casino can do manual approval of deposit since it’s centralized which they have control on the display balance of each user for both deposits and withdrawals.

User with set limits can put their deposit and withdrawals on manual approval that will make the casino have power to control how much a gambler can gamble while the limits is active.

[rdluffy]

If the casino really wanted to implement a limit, it would be easy
Some options:

• Set a daily, weekly, or even monthly spending limit, and don't let the user exceed that spending limit. No matter how much they deposit.
  
• Change the deposit address for each transaction
  
• Block deposits if the user has already reached the amount they requested from the casino
  

These solutions are not very difficult to implement, but I don't know how effective these measures are, since if the user really wants to play, they will simply open another casino and bet on another account

[rachael9385]

I just found an interesting feature in one of the local online casinos that's popular in my countryside. While trying to check around what they have to help a problem gambler limit how they gamble. I found a feature which was to set the amount limit which you can only fund your account with daily, and weekly and also monthly if you want, decided to test the feature since we can make direct funding from any of our banking payment app, I funded my gambling account with the exact limit I set it went through and was credited on my balance, after few minutes I went back to try another deposit it became pending on the app and later my money was reversed back to me.

I found that feature interesting, but unfortunately, it can't work in crypto casinos since they don't decide which transaction can go through the blockchain and which one that can not. If there is any way for such to be implemented, I believe it will help some problem gamblers remind them of their limit. No solution solves the problem 100%, but it's definitely going to help a little percentage of gamblers, just like the self-exclusion option which can still be bypassed.

This is a good idea but it's not going to work for people that have no discipline, after setting a limit on a particular account and they can't gamble anymore they might just switch to another one or even open another bet account, so it doesn't really solve the problem of addiction. Although it can be helpful to a lot of people who are not overly addicted to gambling, I don't think it's a permanent solution but it's a good idea