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Deposit Limits vs Self-Exclusion

Deposit Limits vs Self-Exclusion

For millions of people, gambling has been a leading pastime, and no matter what types of games players choose to enjoy, they can have access to leading sites that offer amazing bingo games, slots and more. With the offering of mobile sites, gambling has never been easier or more accessible.

Most players will access their favourite site to engage in thrilling games and have the chance to win stellar jackpots and other payouts. However, for some, it can be quite easy to get carried away when placing wagers. Gambling problems have severe consequences, so players need to be aware of their habits and always remain in control. Two great ways to do this is by using deposit limits and self-exclusion options.

What Are Deposit Limits Online?

When one chooses to set a deposit limit, they will limit the amount of money that can be added to an account daily, weekly or monthly. It is important for players to only gamble what they can afford to lose, so setting deposit limits will be a great way to make sure that there is no overspending going on.

How these Limits Work

When using a deposit limit, one will access their account and visit the cashier to set their limits. This can be done as a daily, weekly or monthly limit and the limit will start immediately and will then be refreshed at the end of the chosen time period.

Let’s say players set a £50 daily deposit limit, and they add that amount at 1:30 pm. They will not be able to make any further deposits until the same time the following day. The number of deposits will not matter, as long as the set monetary limit is not met. Deposit limits can be changed at any time, but an increase can take up to 7 days to take effect.

The Meaning of Self-Exclusion

Aside from a deposit limit, players will also have the option to self-exclude at a site. Every UK site is legally obligated to offer this option, and when used, an account will remain closed for at least 6 months, but players can control the overall length, up to five years.

As soon as any self-exclusion options have been set, they are not reversible so that players will lose access to the account as well as access to any part of the gambling site. No marketing materials will be received, including newsletters.

When Self-Exclusion Periods End

As soon as a selected exclusion period comes to an end, the player will have to contact the site to have the account reopened as this will not happen automatically. Many operators will have a waiting time that is in place, usually 24 hours and this must be completed before they account will be reopened. This allows time for players to change their mind and keep the exclusion in place if they choose to do so.

It is also possible for player s to use self-exclusion on a permanent basis, where they will never have the ability to reopen an account at a site, eliminating the chances of spending more money and incurring more losses.

Be Aware Before Using Self-Exclusion

Those that wish to use self-exclusion will have to make the request through each operator where they have an account. Since there is no cooling off period when a self-exclusion is set, the changes will take effect immediately, and players will instantly lose access to their account.

More Self-Exclusion Info

To help eliminate temptations, players should shut off web brow notifications for any gambling website they are avoiding. There is also the ability to register with GamStop, which will allow one to self-exclude from all gambling sites that are licensed within the UK.

Those that feel they have a serious problem with gambling can always get additional help at Gamblers Anonymous or through GamCare, which offers 24-hour counselling services for those with gambling problems.

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