At Chipy.com, we are actively involved with our community. We invest a lot of time and resources in communicating with our users about various topics related to online gambling.
One of the key messages that we try to send our visitors and members is this:
Gambling is a fun way to spend your free time.
However, we are aware that there is a small percentage of players that are at risk of developing a gambling problem. This issue mainly occurs because there are people that view the casino as a source of income, which can lead to serious financial problems.
Our team of gambling specialists is dedicated to promoting responsible gambling by offering professional resources to help you and your loved ones continue enjoying gambling in a secure and responsible environment.
This goes beyond the casinos, bonuses, and games we recommend. Responsible gambling is at the heart of our company’s core principles.
That’s why we created this page, to offer information and guidance to our members that may be unable to stay in control of their gambling habits.
Keep reading to learn more.
Responsible Gambling Tools Available at Online Casinos
One of the common misconceptions when it comes to responsible gambling is that it only concerns the players.
Wrong.
Operators and game providers must also create a safe casino environment by providing responsible gambling tools and resources for vulnerable players.
That’s why most licensed casinos have partnered with addiction institutions like Adictel and GamblingTherapy.org
Here are the responsible gambling features generally available at online casinos:
Self-exclusion
If you want to restrict your access to a casino for an extended period, you can do so by self-excluding from the platform. Depending on your preferences, this action will ban your account for periods ranging from days to years.
In countries where addiction rates are high (e.g.: the UK), there are independent self-exclusion institutions like Gamstop that allow you to restrict your access to all the regulated casinos in the network.
Deposit and withdrawal limits
Most gambling operators allow you to set a transaction limit. Although these limits can be later changed from the settings, you can still use this feature to protect yourself from overspending. In some jurisdictions, credit card gambling transactions are banned to prevent compulsive gamblers from extending their debt.
Reality checks
To prevent users from spending too much time gambling, most casinos will send a “Reality check” message after you’ve been logged in for a given period. These messages are usually displayed hourly as a pop-up and you must confirm your intent to continue playing.
History of gambling activity
All casinos offer access to your full gambling history where you can see your spendings, earnings, and other information about your activity. Checking this could help you draw some conclusions about your gambling behavior and determine if you’re responsible.
Autoplay controls
Lately, most casinos have opted for slots that have autoplay controls, which enable you to customize the auto spins feature. These controls include the number of spins, stop on maximum win or loss, and so on.
Take a Break
Casinos offer a time-out feature that temporarily restricts your account for a set amount of time (usually between 24 hours and 1 week)
Instant account termination
What better way to stop gambling than deleting your account? That’s why most casinos allow you to instantly close your account at your request. On rare occasions when your account isn't instantly closed, you have the option to start a dispute with the casino.
Compulsive gambling behavior tracking
Nowadays, most casinos use machine learning algorithms to determine if a user is gambling compulsively.
They check things like total spendings, deposit frequency, and session duration and will flag your account if their system notices any suspicious activity.
PLEASE NOTE
All the responsible gambling tools mentioned above have proven effective in reducing compulsive gambling and addiction if used correctly.
Still, it remains the player’s duty to play their part and take advantage of these features to prevent gambling from becoming a problem.
The following tips should help you get on the right track:
7 Tips for Gambling Responsibly
Here are 7 actionable tips that will come in handy when it comes to gambling responsibly:
1. Avoid chasing your losses
One common mistake that amateur gamblers make is to try to win back the amount they lost by making larger bets.
When you’re on a bad luck streak, it can lead to even more financial losses, so remember that the next outcome at any casino game is not influenced by previous ones.
2. Enjoy gambling as an entertainment activity
While it’s true that you can make money at the casino, this should never be your end goal. Gambling is all about having fun and getting the adrenaline rush when a winning combination is landing.
The casino isn’t and probably never will be considered an income source. Everyone serious about gambling views it as pure entertainment. If the fun stops, so should you.
3. Quit while you’re ahead
Generally speaking, lucky streaks don’t last too long. So, if you’ve been winning for some time, consider the fact that the house edge may take over soon and your balance will be quickly chipped away.
Instead of continually gambling, cash out while you’re still on profit.
4. Set a budget and stick to it
Seasoned gamblers always recommend setting aside a monthly budget dedicated to gambling. Usually, it’s expressed as a percentage of your earnings.
EXAMPLE
Let’s suppose you make $2300 a month and you want to set a gambling budget of 5% of your income. In that case, you would have $115 dedicated to casinos every month.
Well, the thing that most people don’t get is that this budget should be fixed and you shouldn’t spend above that amount, no matter the circumstances.
So, if you visit an online casino and win while betting your budget, it’s great, you get to keep the money plus some extra on the side.
Similarly, if you lose your entire budget in one go, you won’t be too happy about it, but since you run out of gambling funds, you shouldn’t add more money trying to win it back.
5. Only wager 1% of your bankroll at once
This tip works only if you have already set a budget for gambling.
The idea is simple - you should make smaller bets so you can fully enjoy your casino experience.
EXAMPLE
If you have a budget of $1000, the maximum amount you should wager on any casino game is $10.
Avoid betting half of your balance, or, even worse, all in at once. This can lead to massive losses in a short time and will take away the entertainment part from gambling.
It would mean that you’re only trying to make a quick buck from the casino. Don’t just make large bets to take enormous risks. Enjoy your time and make smaller wagers to keep the fun going for a longer period.
Alternatively, you can claim a no deposit bonus and play your favorite games without worrying about losing money from your pocket.
6. Track your gambling expenses
Keeping a record of your gambling profit/loss will help you understand if you’re gambling responsibly.
That’s because this information is direct evidence of whether you are overspending at the casino or you’re just sticking to your budget.
TIP
It’s better to keep your record on paper. Although casinos have a gambling activity history feature, they may reset the data from time to time. Plus, using paper will allow you to make any calculations you need without worrying about losing them in the future.
7. Seek professional help if you think you have a gambling problem
Sometimes, gambling can become overwhelming.
There are situations in which the tips above might not work for you. If that’s the case, don’t hesitate to get in touch with professional institutions that are dedicated to solving problem gambling.
Please understand that there’s no shame in asking for professional help. Several institutions offer free support for gambling-related issues, including GamCare and Gamblers Anonymous.
How to know if you have a gambling problem
Addiction specialists from BeGambleAware consider that answering these 12 simple questions can help you determine if you’re addicted to gambling:
- Do you experience mood swings, irritability, or anger during a gambling session?
- Are you hiding your gambling losses from your close friends and relatives?
- Have you ever tried to diminish the amount you wager, but weren’t successful?
- Have you ever attempted to commit any crimes to get gambling funds?
- Do you ever feel the need to increase your bets to boost the adrenaline rush?
- Do you isolate yourself from others just so you can gamble?
- Do you gamble alone for long periods while postponing important activities like work or study?
- Do you feel like you’re gambling to escape other problems?
- Have you ever sold or pawned any of your possessions to get money for gambling or pay back your casino debts?
- Do you ever break your promises to go gambling?
- Have you ever borrowed money from friends or relatives for gambling, and you were unable to repay it in time, or do you otherwise have a gambling debt?
- Do you ever feel the need of gambling again after a losing session just so you can recover your losses?
If your answer to any of these questions was positive, you may need to consider that gambling could be a problem that interferes with your personal and professional life.
But it’s not too late to stop.
Getting the Professional Help You Need
If you feel like you’re struggling with an escalating gambling problem, it’s important that you first acknowledge that you’re experiencing it.
Admitting that you are addicted is a crucial step toward recovery since it will make you realize that you need professional help.
Check out the table containing several responsible gambling resources that will help you in your journey towards recovery:
Please understand that getting help from specialists is extremely important in your recovery from gambling addiction. If none of the recommendations in this guide have worked for you, consider reaching out to one of the institutions in the table above to seek professional help.
We hope that our responsible gambling guide and the resources provided here will take you on the right path with your casino activities.
REMEMBER
If the fun stops, so should you. Only continue gambling as long as it feels like an entertainment activity.
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