Voluntary deposit limit underutilized by gamblers

Voluntary deposit limit underutilized by gamblers

Australian researchers have investigated the behavior of online gamblers and the benefits of voluntary deposit limits. The study published on this subject clearly shows that voluntary deposit limits are only accepted to a limited extent, as they remain largely unused by gamblers. Most gamblers even reject the facility because they consider the self-imposed deposit limit to be pointless. They all reckon that they have their own gambling behavior under control, while only a small proportion resort to self-control measures.

Implementation of voluntary deposit limit not satisfactory

Implementation of voluntary deposit limit not satisfactory

Gambling addiction should by no means be taken lightly, which is why researchers are constantly looking into the issue. Various countries are also currently looking into gambling and making the experience safer for players. Unfortunately, many people tend to have addiction problems, so they are also quickly affected by a gambling addiction. This can turn one's life upside down 180 degrees within a very short period of time and lure the affected person into a huge debt trap. For this reason, it is considered immensely important to protect players in advance from such a mental illness, as negative incidents with problem gamblers occur time and again. As recently as December, we reported on a broker who had defrauded his clients and his employer out of a lot of money.

Queensland University has done some research regarding voluntary deposit limits to better protect so-called problem gamblers from themselves in the future. As a result, starting in 2019, Australian online gamblers will have to be able to impose deposit limits on themselves. In addition, gambling providers will be required to regularly remind their own customers of the so-called limits, for example, as the Mobile casinos in India do. Furthermore, these must also ask the users of their platform to check their own gaming behavior and, if necessary, resort to the regulatory tools. However, the response among Australian gamblers was rather restrained, as only very few gamblers were interested in automated their own gambling accounts.

The behavior of Australian gamblers

To conduct the study, the behavior of a total of 3,141 gamblers was reviewed, which were divided into four different categories. Problem gamblers, moderate gamblers, low-risk gamblers, and no-risk gamblers. Of all these subjects, just over 40% set a deposit limit, while 53.5% said they did not use or even consider using a limit. Of the gamblers who resorted to setting up deposit limits went to problem gamblers. At 45.6%, the limits were used most by the most problematic group, followed by the moderate (24.8%) and those with low risk (15.6%).

As to why there is a rejection of the voluntary deposit limit, researchers say there are several reasons. First, the low-risk players do not see any danger in their gambling behavior and have themselves under control according to their own statements. As a result, they consider such an arrangement to be pointless, which is why they ultimately forgo the voluntary establishment of the deposit limit.

Problem gamblers do not want to be regulated

It remains to be seen whether there will be a mandatory deposit limit in Australia.

Even the gamblers who are categorized as problem gamblers do not want to resort to deposit limits in most cases. They do not want to regulate themselves, while most of them deny their gambling problem completely. On the other hand, others do not want imposed help but want to manage their concern themselves. External help is considered unacceptable for many gamblers because they cannot assess their own reality. Instead, in most cases, they try to get their issues under control, usually of a financial nature, by gambling more. Ultimately, the whole thing often leads to a vicious spiral, from which most of them can no longer get out without outside help.

For this reason, problematic behavior must be regulated at an early stage. According to Australian researchers, gamblers must be regularly called out for self-reflection, as this brings the best results. In addition, the state must invest significantly more money in prevention and public education on gambler protection. However, in order to introduce successful regulation, it would make sense to make voluntary deposit limits mandatory. Again, a special distinction can be made between problem gamblers and low-risk gamblers. Furthermore, a ban on deposits by credit card should be considered, as this quickly eliminates a significant opportunity for debt.

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