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Can Casinos Teach Players How to Gamble Responsibly

Some people will take gambling as a leisure activity or something to kill boredom during their free time with the possibility of winning money. Others, it is more than a hobby, and their stakes are higher and tend to make gambling their everything, and they spend most of their time in casinos or gambling sites.

These kinds of people have a gambling addiction. Nowadays, you don’t have to walk out of your home to go to a casino; with good internet, you can access an online casino anywhere.

Gambling addiction is alarming because, in the US, over 10 million people are addicted to gambling. That’s why obsessive gambling should be considered an urgent need to look for ways to avoid addictive gambling. You cannot teach the masses why they need to gamble responsibly without teaching them what gambling is?

What’s Gambling?

Most people think gambling is betting or gaming in an online casino, but gambling is participating in any game expecting to get money in return. Buying scratch cards in a neighboring grocery store is gambling and playing poker online.

In responsible gambling, the casino must abide by regulations given by the regulatory authorities, but the gambler must be conscious of gambling responsibly. Online casino licensing boards expect every operator to comply with enacted policies of responsible gambling.

 Here are responsible gambling principles that  an operator should include:

  • Encourage gamblers to wager within reasonable limits
  • Inform the players about what gambling entails, and it is entertainment that comes with high risks and should not be used as a way to make a living.
  • Give players sufficient information about games and the risks they get into if they decide to play

Here are ways that online casinos are using to teach gamblers to wager responsibly

How to Teach Gamblers to Wager Responsibly

1. Bankroll Management

Bankroll management is used in the gambling industry to separate gambling money from other cash. It’s a responsible way of betting because you won’t try to drain your savings account on gambling.

When players are taught bankroll management, it teaches them to be safe from overspending on gambling, enhancing responsible gambling. Players can manage their money efficiently and spend it on the other things in their lives and with time, they might end up having separate savings accounts, which will help them to attend to their basic needs before gambling and still get some saved to spend on trustworthy sites like the ones on online-casino.in

2. Educate People Through Responsible Gambling Organizations

Some countries have gambling regulation bodies that regulate gambling in their territories. Still, most people don’t see how effective the organizations are because even with the bodies, there are new cases of gambling addicts regularly.

So the bodies are not 100% helpful, but there could be gambling associations that would protect the players, for example, British Amusement Catering Trade Association (BACTA). It’s an NGO that protects street game developers, amusement arcades, and operators. BACTA, although it looks like a weak organization, fought for fixed-odds betting terminals(FOBTs) to be reduced from £100 to £2 and the maximum prize changed to £150. If there were organizations like BACTA, it would help many players from losing a big amount of money when online gambling.

Organizations like BACTA  players will have time to think about the turn of events like the reduction of FOBTs. The more questions they ask themselves, the more they will use the risk of overspending on gambling, which would help them reduce gambling.

3. Self-exclusion from Gambling

Self-exclusion is when a player asks the operator to exclude them from gambling between 6 months and 5 years. This legal requirement is accessible for players if they are taught they could use it to avoid excessive gambling, and they would opt-out if they feel gambling is becoming an obsession and not a hobby. Players can also use self-exclusion if they want to break from gambling with an operator.

The time the gambler takes a break gives them time to think things over and set reasonable goals of responsible gambling; if the gambler has an obsessive gambling disorder, self-exclusion could be the best time to seek professional assistance. A player can regain his life during the self-exclusion time, and if he feels not ok with gambling anymore, he can abstain from gambling completely.

Most operators will send messages to self-excluded players to show them they are still valuable to the operator despite their problems. The operators also send informational messages like money and debt management.

4. Blocking Transaction Cards

Nobody wishes to empty their account on batting, but the urge to choose your money makes most gamblers regret gambling. If the operators could teach their clients how to block transactional cards, it would be very helpful in promoting responsible gambling. In some countries like Australia, some of their banks block gambling on credit and debit cards.

You can ask your financial institution to block your cards, and in case you would love to continue with the blocking, you have to apply before the time elapses. I find blocking the cards very effective because when you can set aside the money you will spend for a specific time, and if you run out of gambling money, no matter how close you feel to winning, you will stop gambling.

5. Restrict Deposit Funds

People being taught to use the deposit limit tools will reduce excessive gambling by a significant percentage. A study from behavioral science suggests that if people are taught how to effectively and the advantage of using the deposit limit tools could change players’ deposit limits they decide to set.

With the deposit limit, a gambler will likely cut his spending on gambling by almost half of his usual spending. Although the deposit limit in most online casinos does not specify the amount, players set it themselves, which shows the first step toward responsible gambling.

Conclusion

Since most operators adhere to responsible gambling rules, it would help if the gamblers play their part in avoiding excessive gambling. More so, Each operator to enhance responsible gambling should have a responsible gambling tool where the players can opt-out of the site with self-exclusion related cases if they would love to temporarily leave the site or for a long time. There should be fund restrictions or blocking cards option, and the operators should be on the frontline in providing information to help people suffering from gambling addiction.

FinanceGABhttps://www.financegab.com/
Ajeet Sharma, the founder of Financegab and a well-known name in the field of financial blogging. Blogging since 2017, he has the expertise and excellent knowledge about personal finance. Financegab is all about personal finance which aims to create awareness among people about personal finance and help them to make smart, well-informed financial decisions.

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