The increase in the number of online casinos in recent days has led to an escalation in gambling practices across the world as well. It is a well-known and understood fact that healthy gambling can turn into obsessive gambling in no time if you don’t manage it wisely. Thankfully, online gambling platforms have encouraged people to report their gambling addiction more than ever before according to reports.
Responsible gambling is used in the gambling industry to highlight the different policies and measures added to online casinos. It has been employed to prevent excessive or addictive gambling which can be detrimental to the rounded well-being of the players.
Before gambling grows into an addiction, it is important to be familiar with the various services in place to help you curb your gambling urges before they get out of hand.
Gambling was your choice in the first place. Quitting or reducing it should be your decision too. There are some measures you should follow to ensure that you prevent healthy gambling from turning into an addiction.
Keep Your Sessions Short
Restricting your gambling time to bare short sessions is vital in preventing the development of addictive gaming habits. Apart from this, the longer you play, the more tired you become which might lead to losing your games and money. Limit your gambling sessions to short periods instead of binging on it to avoid such circumstances.
Not a Source of Income
Gambling, however much money it accumulates for you, should never be considered as a primary source of income. Online casinos are essentially businesses that offer these games from a self-profit perspective. The more you play, the more likely you are to lose. This is why it is important to consider these casino games as mere games and not your primary income.
Gambling enthusiasts sometimes end up bet such excessive amounts that they can’t afford to lose. As a gambler, you might use strategies and tactics to win the game but it won’t always help you or assure your victory in each game. The chances to win and lose in such games are unforeseen. Never bet a large sum of money in the hopes of victory if losing it will break your bank.
Cut the Greed
Some gambling lovers tend to set a target to play for. This might lead to losing all winnings in hopes of encashing more money. Cut the greed and enjoy the victories that you have in hand. Don’t push your luck veiled with overconfidence and ultimately lose whatever you won.
Never Attempt to Recover Losses
If you win, take it and pause gambling for a bit. If you lose, take it as the beauty of the game. Do not continue to play with the intent to recover the amount you have already lost- it is most likely to not work. Do not forget that online casinos are businesses and the house always has an undisclosed profitable edge. If you continue the game for recovering the money, you will most probably keep losing more than you won.
Services by Online Casino Operators
Gambling addiction is a potential source of higher revenues for most of the online casinos. Thankfully, they need to adhere to the stringent norms of regulatory authorities. The support offered by these gambling platforms depends on the license issuing authority. Under the basic guidelines, online casinos require to employ measures in order to protect vulnerable players from addiction.
Most renowned gambling regulatory bodies have strict rules that need to be followed to be able to get a license for legally running an online casino. Below are some of these features explained:
Operators licensed by the United Kingdom Gambling Commission adhere to the high standards of policies. They offer several regulatory tools to prevent gambling addiction. However, these norms only apply to UK citizens.
- Time outs: On request of the player, the operator needs to suspend the account of the player for a short time period ranging anywhere from 24 hours to 6 weeks, depending on the request. This option can be used by the player if they find themself at a high-risk of addiction. The time-out tool prevents the player from accessing the account until the suspension period is completed. Once that period is over, the account is automatically revived. This is only applied to the casino it is requested, not any other platform which uses the same license.
- Self-exclusion: This is a much stronger method to control gambling for players who feel that they need more than just a time-out to control the addiction. On the user’s request, the operator suspends the account for a greater time duration of 6 months to over 5 years. Within 48 hours of the activation of this tool, the user stops receiving marketing emails. The seclusion period automatically extends up to 7 years once the original term expires, unless the account holder initiates action. Once the self-exclusion period exhausts and the user can request to reactivate the account. After a 24-hour ‘cooling-off’ period, they can access their ID. This self-exclusion request is carried off to every operator under the same license.
Malta Gaming Authority the regulatory body whose norms are valid for everyone across the globe. They offer similar norms as UKGC. Here, the self-exclusion request is carried out to all operators under the same license. Apart from that, deposit limits, loss limits, etc are also carried out to all operators under this license. One other difference between both of these bodies is that in casinos licensed under MGA can allow to revoke any account closure at any point in time. However, the ID is only accessible after a 7-day ‘cooling-off’ period.
Regulatory authorities and casino operators are doing whatever is under their control to ensure your well-being. However, it is you who can diagnose your worsening situation and prevent it from deteriorating further. Be mindful during gambling and try to control your urges. Know when to stop and use the offered tools when you should. Practice healthy gambling to enjoy the best of it.