Psychology
There is no way to avoid the possibility of your bet losing when you gamble.
We all take this risk when placing a sports bet or playing a round of Roulette or Blackjack.
The roulette wheel or the juice on a sports bet is not your biggest enemy.
So why do some gamblers do it?
Because of the sunk cost fallacy.
The sunk cost fallacy can relate to just about anything in life.
Why would I pump money into a game that I keep losing?
Player B is placing livetennis betson the outcome of each game in a match.
They enjoy the fast-paced nature oflive betting, and how the odds heavily fluctuate before every serve.
Play C uses anexpert blackjack strategyat a live dealer game, and they are counting the cards.
But they still keep losing, and their bankroll is depleting quickly with the higher staked bets.
Instead, you’re free to check your bankroll before playing, and allocate units to your gaming.
Good online casino or sportsbook practice is to give you deposit control limits.
In a lot of cases, you will need to make a limit when you create your account.
For example, a player can only deposit $10 on a weekly basis.
Players can set up multiple reminders, such as at every 15, 30, or 60 minute intervals.
Loss Limits
Loss limit notifications are vital, and don’t necessarily track each gaming session separately.
For example, a player can set up notifications for every $20 they spend.
For example, how many hours a player spends each week or every month.
The player can compare the data on the time they spent and how much was lost.
In many cases, heavier losses occur when players spend too much time gaming.
Self-Assessment Reviews
A practical tool atlicensed online casinosis self-assessment tests or gambling questionnaires.
Most gamers are not in any real danger of true addiction.
But it remains a very useful tool for players to check in on themselves.
They can then use the information to determine how much money they should spend.
Or, how long they should play.
Players can freely reach out to the support team for counsel on their gaming habits.
Even at online casinos that use chat bots, members can request to connect with a support agent.
They can then voice their concerns to the customer support agent.
Self-Exclusion
This is an ultimatum that should not be taken lightly.
Self exclusion is asking the online casino to suspend a player for a specific amount of time.
It is intended for players who are suspected of having gambling addiction.
Self-exclusion can be requested for a matter of weeks or even months.
But players should be careful when making self-exclusion requests.
After two or three, they may find themselvespermanently bannedfrom the platform.
You don’t simply get sucked into the sunk cost fallacy after playing 1 or 2 rounds.
Sometimes just playing a demo scratchcard for 10 minutes is enough to satisfy your gaming urges.
