User funding limit (daily, weekly and monthly)

[Pandu Geddon]

Funding limit may help gamblers who cannot control and manage their finances well. But for those who already limit their gambling deposits daily or weekly, I don't think they would consider this feature important.
I also would not use such a feature because I usually deposit larger amounts when I receive a monthly bonus. I agree to allocate the bonus money to additional gambling allocations.

[DiMarxist]

I have seen a feature in a casino that telling gamblers to gamble responsible and, there are many things to consider. And the number one thing to consider is the financial consideration. How much should be used in a day and a week. And he has to gamble what he can afford to lose. And all that, he needs to create a budget to be a responsible gambler.  

[HONDACD125]

The thing is that such features can't stop an addicted gambler from gambling, because at the end of the day, the option is available on the gambler's end, and they are the ones who can decide whether to turn it on or off, and whether to increase the limit, etc. If I'm addicted to gambling, and I don't have control over my emotions, what would make me stop from increasing the limit of the transaction that I can make into my account? In fact, I would simply turn the feature off and then make another deposit if I'm unable to control myself in the first place.

So, in my opinion, a person can only be stopped if the control is not in their hands. For example, if someone is addicted to gambling, or they are trying to control themselves from gambling more money than they should, their finances should be in the hands of someone else, and they should have a limit decided for a day, week, or month, and the person managing the finances shouldn't deposit more than the allocated or decided amount. This way, the gambler wouldn't be able to do it themselves, so they won't have any say in it.

[lovesmayfamilis]

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.

Well said. If a compulsive gambler understands they're ill, that's already a big plus for changing their casino behavior. However, we often see otherwise: compulsive gamblers don't understand the problem that many want to warn them about. And you're right: only the person themselves must understand that they need to be careful with their spending. If they can't control themselves, they'll find ways to gamble as much as they want.

[Crypto Library]

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 actually an interesting feature, it makes our job a lot easier, because many of us want to gamble by limiting our gambling bankroll, but sometimes we lose control of our emotions and cross that limit and gamble. In this case, I think that such features will help the players to some extent.
However, I will disagree with this statement that this cannot be implemented in cryptocurrency or blockchain systems, because I think it can be implemented in cryptocurrency as well. Here, the casino just needs to have an extra compulsory form where the wallet address has to be given to reverse the money. In this case, the player can implement the feature like the casino you described using the limit if he wants.

[Dr.Bitcoin_Strange]

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.

It can work with crypto casino perfectly well just the way it's working with normal bank but I guess what the casino would do is to credit you just the amount you have set to spend on gambling for that day, while the leftover fund will be frozen and then ask you to withdraw it back. Remember that the casinos are the once in charge of the deposit address you use when funding your account, so I believe they could still credit you with just the amount limite which you have set.

[Emjay24]

This feature is good but still requires discipline to adhere to it, else some problem gamblers may exit one physical casino and go gamble on the next which might be only like some meters away depending on the location. This in my opinion is the same reason online casinos doesn't stress themselves including it since it may mean losing money to other casinos when the gambler lacks emotional control. I think for that control feature to work properly, you need to make up your mind first that you're not gambling anywhere else as long as you cannot continue on that casino and that indication ends your gambling session for the day, week or month.

[Z-tight]

So, in my opinion, a person can only be stopped if the control is not in their hands.

Measures like this is simply an attempt to save some gamblers from themselves, but it is hard to save someone who does not want to be saved. This is similar to the self-exclusion feature, a gambler could self-exclude themselves on one casino, and when that urge hits them, they simply register on a different casino and gamble. In order to kill gambling addiction, the addict has to make a conscious decision to do better, rules and regulations like this can do only so much.

[boyptc]

That is a good feature for the gamblers that can't stop themselves and can't limit on how much they gamble.

So, this is another side of the feature that protects the gamblers from their own gambling activities. Aside from self exclusion, there is this limitation that they set.

An auto reversal of the transaction if you reach the threshold that you should deposit for the day.

[nara1892]

As far as I know, I think it's a very good feature. It's very interesting because it can indirectly help minimize the losses of problem gamblers. Although this regulation may prevent gamblers from venting their anger, that's the purpose. Initially, they'll certainly be quite annoyed by the restrictions, but over time, they'll get used to it and eventually bet with amounts they can afford to lose.
One thing, I hope such regulations are implemented soon at popular casinos that support crypto payments, as that would definitely be very helpful.

[Mahanton]

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 actually an interesting feature, it makes our job a lot easier, because many of us want to gamble by limiting our gambling bankroll, but sometimes we lose control of our emotions and cross that limit and gamble. In this case, I think that such features will help the players to some extent.
However, I will disagree with this statement that this cannot be implemented in cryptocurrency or blockchain systems, because I think it can be implemented in cryptocurrency as well. Here, the casino just needs to have an extra compulsory form where the wallet address has to be given to reverse the money. In this case, the player can implement the feature like the casino you described using the limit if he wants.

That kind of feature where a player sets a daily weekly or monthly deposit limit is a really good example of responsible gambling design it helps people control how much they spend without needing to rely only on self discipline because sometimes emotions take over after a few losses and it becomes hard to stop when the system itself blocks any further deposits after the limit is reached it gives the player a forced reminder to pause and think before going deeper.

In traditional online casinos it’s easier to enforce this because all transactions pass through centralized payment systems like bank cards or local gateways once the limit is reached the casino simply rejects new payments automatically but with crypto casinos it’s a lot more complicated since blockchain transactions can’t be stopped or reversed by the platform once they are sent they are confirmed on the network whether or not the casino wants to accept them. Still it’s possible for crypto casinos to create internal systems that mimic this kind of limit for example the platform could apply restrictions at the account level so even if a player sends crypto to their deposit address the system won’t credit the balance if they’ve hit their limit instead it could automatically return the funds to the sender wallet this would require some extra smart contract setup or off chain monitoring but it’s technically doable it’s just that most crypto casinos don’t bother adding these features because they focus on fast and unrestricted deposits rather than user protection.

[AmoreJaz]

As far as I know, I think it's a very good feature. It's very interesting because it can indirectly help minimize the losses of problem gamblers. Although this regulation may prevent gamblers from venting their anger, that's the purpose. Initially, they'll certainly be quite annoyed by the restrictions, but over time, they'll get used to it and eventually bet with amounts they can afford to lose.
One thing, I hope such regulations are implemented soon at popular casinos that support crypto payments, as that would definitely be very helpful.

But do you think the casino would implement such initiatives? That's quite hard to fathom though.   Of course, the casino would want their players to play as much as they can. They have no business knowing where you got your funds to play. As long as you play, that's their business.

On this particular feature, I believe, this will be more on the gambler's restriction of himself how much he will spend on his gambling activities. It is not the responsibility of the casino to limit their players. So I don't think we will see such feature on them.

[GiftedMAN]

Funding limit may help gamblers who cannot control and manage their finances well. But for those who already limit their gambling deposits daily or weekly, I don't think they would consider this feature important.
I also would not use such a feature because I usually deposit larger amounts when I receive a monthly bonus. I agree to allocate the bonus money to additional gambling allocations.

Funding limit will be useful to those gamblers who make use of only one casinos and are not in control of their gambling activities, if they have different casinos where they gamble the feature will not be useful because they may not have the access to fund in one casino but they can move to another one to continue gambling but for someone like you who usually deposits a big amounts, you may not need the feature because it will affect your deposits unless they have a very big amount in the feature that you can place as your limit.

[CryptoYar]

Although it is true that in regular casinos it is easy to block more deposits since they can be in charge of bank transfers and know who you are, and crypto transfers cannot be stopped once they have begun, many crypto casinos have deposit limits. They do this by taking in crypto but then through inner system they can either give money back or simply refuse to add it to your playing balance when you have reached your limit. To have truly spread out gambling sites, Smart Contract can be written to automatically say no to any deposit over your limit on your specific crypto wallet. These limits are not cure all to problem gamblers, but they are helpful tool that gives individuals with needed stop to help them stick to their budgets.

[DaNNy001]

I think the same features work in crypto casinos but you haven't really paid attention to it...This feature is actually very helpful to those that are dealing with gambling addiction...although setting these limits don't help to curb or stop this addiction, you can call it a temporary solution not a permanent one but asides from that I think it's.a good feature, it can help you minimize losses a little bit if it's constantly used

[Orpichukwu]

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.

Heavily addicted gamblers won't even be in the right sense to make use of such a feature; rather, even if it's going to help them, they can't go ahead to set up something that will limit their gambling time. Such a feature will only be helpful if the gambler is not deeply addicted yet; if not, they will still use their hand to disable the settings or rather create a new account in another casino to continue with.

[Agbamoni]

OP it can work in crypto casino, you did not think critically about it.
This is how it will work. Firstly, when a user wants to deposit, a page will appear for them to set a limit using the input field, and a minimum/maximum amount that can be deposited in the network should be displayed so that the user will know the right amount to now lose their funds. Or the they can make it very simple by making every network/chain have a minimum limit when the users are selecting their limit.

[Ivystar5]

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.

Not sure I have come across this feature in reality but I have heard such thing so exist like setting limits to how much you can deposit and how much can gamble daily, weekly month and of course I do agree with you that it doesn't not solve the problem totally but it for sure would help reduce the way the problem itself is on the gambler, more like rehabilitation unti they opt out of the excessive gambling.

[Crypto Library]

In traditional online casinos it’s easier to enforce this because all transactions pass through centralized payment systems like bank cards or local gateways once the limit is reached the casino simply rejects new payments automatically but with crypto casinos it’s a lot more complicated since blockchain transactions can’t be stopped or reversed by the platform once they are sent they are confirmed on the network whether or not the casino wants to accept them. Still it’s possible for crypto casinos to create internal systems that mimic this kind of limit for example the platform could apply restrictions at the account level so even if a player sends crypto to their deposit address the system won’t credit the balance if they’ve hit their limit instead it could automatically return the funds to the sender wallet this would require some extra smart contract setup or off chain monitoring but it’s technically doable it’s just that most crypto casinos don’t bother adding these features because they focus on fast and unrestricted deposits rather than user protection.

Yes, it is true that this feature is easy to implement in traditional casinos because they use a centralized and banking system, so instant moneyback can be done.

But as we are thinking, it is not that difficult to implement such a feature in crypto currency based casinos, which will have to face a lot of difficulties. Yes, it is true that instant moneyback like traditional banking will not come here, but if we can accept the fact that moneyback will come within a minute or two, then it will not be very difficult to implement it in crypto currency based casinos as well, as I said earlier that a blanket reverse address should be provided when the user makes a deposit.

However, I doubt whether any casino will implement this type of feature.

[Mia Chloe]

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.

Well actually crypto casinos can't cancel the transaction but they can relay them back or alternatively lock the coins for the given period of time before you are again allowed to deposit. But the big question is if the reason for this particular feature is to reduce addiction, how effective will it be?
Addicts will always find a way around it and in this case it's me include having multiple accounts or making use of another casino if they reach their limit. Basically it would seem like the casino offering the feature is losing customers.