Tips on how to play responsibly in an online casino
This is why you should set yourself limits in the online casino.
We like to play in online casinos ourselves and always have a recommendation on which online casino currently offers the best bonuses and promotions. But it’s also important to us to play responsibly and not lose more than we can afford.
That’s why it’s so important to have a budget and not go over it, come what may. So today, we want to give you some tips on limits in the online casino – what limits there are, how to set them and why you should set them.
What limits are there in online casinos?
Online casinos today usually offer their players a variety of limits that you can apply to your account.
The three most important are a deposit limit, a wagering limit, and a loss limit. The deposit limit determines the maximum amount you can deposit in your account. The stake limit limits your bets in the games at the online casino. Finally, the loss limit pulls the emergency brake before you lose more than you can afford.
However, this only works if you honestly set the limits and do not set them higher than you can afford.
Daily, weekly and monthly limits
All three limits have three subcategories limiting your deposits, bets, and losses per day, week, or month. You can set all of these subcategories or just one or two. The limits also apply for each day, each week, and each month.
If your daily deposit limit is $20 and you don’t deposit anything for three days, it does NOT mean that you can suddenly deposit $80 on the fourth day. You can still only deposit $20 – and that’s fine.
There is also a limit to how long you can play per session. Here, only the option is to limit your session time by the hour. So if you limit each gaming session to one hour, you have to take a breather after playing for an hour.
This is an important limitation because many addicted gamblers simply cannot find the strength to take a break now and then to clear their heads and realize that you should never gamble to win back losses.
Limited or unlimited self-exclusion
Especially if you notice that your play may be getting a little out of control and you are having trouble sticking to your budget, it may be a good idea to take a longer complete break from the online casino.
Most online casinos allow you to opt out of gambling for 24 hours, 7 days, one or 6 months, for a year, or even permanently. However, you will not be able to sign up, make deposits, or receive any promotional communications during this time.
This is a good way to gain some distance and perspective and keep your finances in check.
How to set limits for yourself
Setting limits for yourself is done in the online casino with just a few clicks. Many online casinos now require you to either set yourself limits or actively and manually waive them directly after you register.
This is why you should set limits in the online casino set to come into effect immediately. If you want to lower your limits, i.e., deposit, wager, lose less, or set a shorter gaming session duration, this also happens immediately.
However, if you want to increase your limits, a waiting period of at least 24 hours is usually applied so that you can consider whether you really want to do this.
This is why you should set limits
For gambling to remain a leisure activity, it is insanely important that you set yourself a budget and stick to it. This budget should correspond to your financial possibilities and ensure that you do not spend more money than you can afford.
With the help of limits, you can stop the temptation to try and win back losses right from the start.
And this is precisely the reason why you should definitely set limits that are sensible and well-considered for you. So don’t go to the limits of your financial possibilities, but leave yourself some breathing space.
With limits, you remain responsible, and playing in the online casino remains entertaining.