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Gambling is a thrilling type of amusement as it could truly be immersive and engaging. However, it could also be very addictive especially if you don’t game and gamble responsibly. It is also important to know that participating in sports betting and online gambling isn’t a means to make a quick buck.
Responsible Gaming and Gambling – What Is It?
Responsible gambling has a wide scope involving numerous requirements as well as policies that are relevant and apply to stakeholders of gambling ensuring they make every effort to comply with the maximum quality standards, as well as offers a secure user experience protecting players from the possible adverse corollaries of engaging in online gambling.
Although there are individuals who professionally are earn a living through sports betting or online gambling, gambling must be regarded as an enjoyable and entertaining leisure activity, and not as a way to earn an income. Hence, it is vital that you only spend what you could afford to lose or risk.
Measures and Actions To Take
Online gambling operators as well as software suppliers providing platforms and services for online gambling are asked to adhere to the principles and codes of responsible gambling and gaming. Moreover, all software suppliers have to support operators to abide by both legislative and technical demands. Let’s have a look at the various areas where responsible gambling is directly linked to the industry of iGaming:
- Protection and Safety of Bettors who are Vulnerable. It is imperative for online operators to protect bettors who are tend to spend too much on gambling. Regulators could impose a limit on the quantity of cash and time that players could spend on a gaming and gambling website. Operators could display the elapsed time they spend on a gaming session and put a limit to their losses and leave the site.
- Prevention of Underage Gambling. Online gambling operators must do all the needed producers and processes to ensure that all activities linked to underage gambling don’t happen in their site. Setting up clear and strict registration processes as well as compulsory steps to verify their identity should be in place and be completed by every player to ensure they aren’t underage.
- Providing Safety Measures to Combat Criminal and Fraudulent Activities. Gambling websites are one of the targets of many online crimes and frauds as these platforms carry a huge amount of money as well as sensitive and private information from its users. To avoid such ill-activities, it is essential for operators to incorporate producers as well as software programs that could effectively detect, prevent and block hacking and money laundering activities and hacking devices. This will also ensure the protection of personal and financial information of both the operators and bettors.
The industry of gambling has been experiencing steady growth from the time when these activities were legalized in many countries, such as casinos in Canada, and has resulted in the generation on hefty amount of global revenue. As the potential profits in the online gambling and gaming industry has become quite appealing, this prompted the increase of various gambling and gaming platforms in the online space. However, not all of these sites have the proper license hence are operating legally which could put users at risk.
When looking for an online gaming and/or gambling site, it is crucial to make certain that the site you join and play in are licensed and legal to ensure your safety. For instance, many internet-based casinos in Canada are completely licensed making their operations legal. Moreover, as they are granted the gambling license, this would mean that they have met the required minimum requirements and standards set by the licensing body to ensure a fair and safe gambling environment for its users.
On Responsible Gambling
The virtual world has indeed a very weighty influence on a lot of things. This is proven in the sector of online gambling. Apart from the fun-factor, the ease-of-use and the convenience web-based gambling provides, players could actually profit from it in a very short span of time. This makes online gambling all the more appealing to many as leisure pursuit. However, the activity could become very addicting. Hence, it is advised that prior to engaging online gambling, one should know and practice responsible gambling.
Of course, if you are concerned that you might get hooked and be addicted to online gambling, it is best to refrain from engaging in the activity. But, if you do want to try your luck in online gambling, consider the following as your steps towards practicing responsible gambling.
- When engaging in online gambling, set an amount of money that you could afford to lose. When you have reached your limit, do stop and don’t pull out any more money from your wallet or account to go after your losses.
- Many players tend to go on gambling especially when they are winning. Being a responsible gambler means know when to stop and to walk away even when luck is with you. Set a limit, for instance once you reach a 25% or 35% win, call it a day. Otherwise, you risk losing your winnings and more.
- Apart from setting limits for your losses and wins, it is also imperative to set a time limit on your gambling or gaming sessions. A maximum of an hour is good enough even if you haven’t reached your win-loss limit. This will keep your gambling in control and at moderation.
- Never engage in gambling when you’re stressed, experiencing anxiety or are depressed or when avoiding problems. If you do, you turn gambling into a coping mechanism instead of it being simply a form of amusement.
- Yes, gambling is very entertaining. However, before engaging, try to look for other forms or ways to keep yourself entertained like going for a walk, reading a book, painting, and more. This will also give you a chance to take a break from gambling as well.
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Tips To Gamble Responsibly And Be In Control
For millions of individuals across the globe, gambling is a thrilling and very amusing type of entertainment. And for the greater majority of individuals who gamble, they make certain that they play on safe site, and gamble in responsible way to ensure they remain in control and monitor their gambling.
As others don’t gamble responsibly, gambling becomes a problem instead of simply an entertainment which could be detrimental not only to the person but the people close to him/her as well. It is then imperative and essential to have a good understanding of how to gamble responsibly and make certain it continues to be an enjoyable form of recreational activity. Below are a few ways to make sure you are in control of your gambling:
- Regard Gambling as a Form of Amusement Instead of an Income Source. A number of people earn a living being a professional gambler. For the rest, gambling must be treated as a form entertainment, a recreational activity to pass the time.
- Never Gamble Beyond Your Resources or Means. It is a must that you gamble on a budget and gamble only the amount you are ready to lose. Never gamble your money for food and bills, savings, emergency funds, and money you set aside for other expenses.
- Never Go Beyond You Money Limit. When you gamble online, in a land-based casino or do sports betting, make certain you are betting money that could afford and are prepared to lose. If you are able to earn a profit, then that’s fantastic. However, never exceed your set money limit if your luck isn’t with you.
- Never Go After Your Loses. If you do chase your loses, you could be irrational with your actions and have unsound decisions and may cause you to incur much bigger loses.
- Never Wager When Drunk. As your mental ability becomes impaired when intoxicated, this could adversely affect your judgement as well as your betting decisions. This is also true when you are angry, troubled or depressed since this will cause you to make unsound and poor decisions.
- Monitor The Money and Time You Spend On Gambling. In doing so, you will have a clearer picture of your loses and profits as well as know if you are spending too much money and time on gambling. This will make you aware if you need to cut back on your gambling.
- Get Help and Support If You Believe Gambling Has Converted to a Problem. Don’t be ashamed to seek help and support when gambling becomes a problem. There are numerous resources you could access for free to help you with your gambling problem.