As the casino industry grows, so does the need for operators, regulators and consumers to be aware of safe gambling behaviors. Table game players, lottery aficionados and real money online slots enthusiasts must ensure that their gaming pastime is viewed as entertainment and the wagers that are placed on real money games involve money that is allocated for such leisure expenses.
Some people seem to have an inborn ability to manage their finances at the casino in a way that ensures that they never bet more than they can comfortably handle. For others, the thrills of the casino can become overwhelming, leading players to overextend on their allotted casino bankroll.
Check out some of the gaming world’s new betting systems that highlight different ways for you to play safely and responsibly.
Responsible Gaming
Today’s casinos are more aware than ever of the importance of promoting responsible gaming practices. Such practices minimize the risks associated with gambling while they maximize player enjoyment. Safe betting systems provide players with the knowledge and the tools that they need to make informed decisions about their gambling activities. Core principles of responsible gaming include:
- Player Awareness – promoting player awareness involves educating gamers about the importance of setting limits on their wagers in a way that ensures that they will stay within the boundaries of a pre-determined bankroll that doesn’t dip into funds needed for daily living.
- Self-Regulation – by encouraging players to set their own time and money limits, betting systems give players control over their casino activities so there’s no feeling of control being imposed from outside.
- Access to Resources – responsible casinos provide gamers information on where they can seek help if their betting becomes problematic. Such services include counseling services, support hotlines and self-exclusion tools.
- Age Verification – by verifying the player’s age, casinos protect minors. Age verification generally involves submission of government I.D. documents.
- Transparency – Gamers are provided with clear and transparent information about the nature of the games, the odds of winning and the potential risks of various types of gambling activities.
Betting Systems for Responsible Gambling
Online casinos have a leg up on brick-and-mortar casinos when it comes to creating the most supportive environment for responsible gambling.
Land-based casinos have come under scrutiny for promoting practices that encourage people to keep betting, even when they shouldn’t – they serve free drinks to loosen gamers’ inhibitions, create physical environments that make it hard for people to find their way off the casino floor, create windowless environments with no clocks so people can’t track time, etc – but online casinos have drawn praise for their efforts to create a more responsible gambling atmosphere.
Many online casinos allow users to set deposit limits, including limits for daily, weekly, or monthly activities. Gamers can also set their own loss limits to ensure that they do not exceed their wagering budget by creating a controlled gambling environment.
In addition, many operators provide time-out features where gamers who recognize that they need a pause to reassess their casino habits can take a break from gambling activities for any period that they wish.
There are also self-exclusion programs for individuals who need a step beyond a time-out and want to voluntarily ban themselves from accessing a gambling platform for a period of time.
Every casino offers its own options for creating a time out or a self-exclusion – at SlotoCash, you can contact the support team through the Support Chatbox to make these requests.
Create a Gambling System
While casinos are becoming increasingly proactive at helping people control their gambling behaviors, there are factors that you should be aware of that will make it easier for you to set up your own safe and responsible betting system.
First and foremost, you should see gambling as a form of entertainment and not as a way of earning money. It’s true that there are professional gamblers for whom gambling is a way to make their living, but these individuals are few and far between.
They understand that they should play only games like blackjack and poker where the odds are more favorable to those who are knowledgeable about each game’s basic strategy and who have years – decades – of experience in besting the casino.
For casual players, playing real money games is something that should be done only for fun and recreation. Any money that’s gambled should be from earmarked “entertainment” funds, and no money should ever be taken from any other budget to fund casino wagers. Only gamble what you can afford to lose.
In addition, you should avoid chasing losses. Betting “systems” such as the Martingale system, the Kelly criterion, the Fibonacci system and others purport to increase your chances of achieving better overall wins by following their guidance of when to increase or decrease your bets.
These systems tend to work on the theory that one event will influence the other – for instance, if you lose a round and you then increase your bet, you will probably be “due” a win and will thus come out ahead. Since gambling is highly dependent on random results and you’re never really “due” to score a win, you can’t rely on systems such as those that, basically, have you chasing losses. Stay away from such systems.
On a sheet of paper, next to your gaming screen, keep track of the time and amount of money that you have spent on gambling. Seeing this in black and white will help you stay within your pre-determined budget.
Make the best use of the tools that you have to play real money games responsibly.