How loss limits can actually help you win more

Now, you may feel that, even if you hit a specific loss amount, it will not accurately reflect your gambling session. After all, you’re bound to get a win and improve that figure soon, right?

Well, that’s not guaranteed. A mindset like that could pose significant financial risks to you. That’s why operators nowadays encourage you to set loss limits on your account.

You can never guarantee a win at the casino, and you should never chase your losses.

If you have a tough gambling session, it can be a difficult pill to swallow. However, the last thing you want to do is continue wagering more money than you can afford in an attempt to win back those lost winnings.

Here’s a different outlook on loss limits: could they actually help you win more money? Well, if you think of the bigger picture, then yes, they can.

We’re here to help you find out why and how a simple change in outlook can have a big impact on keeping you safe while gambling.

Why were limits introduced?

Since some players don’t know how or when to stop, limits were introduced to help problem gamblers, as regulators started providing more help towards responsible gambling.

The United Kingdom Gambling Commission (UKGC) has found that greater risk has come from online gambling, with perceptions of it being more ‘unsafe’ compared to in-person gambling.

Safe gambling messages were considered too easy to bypass, especially for those who were at higher risk. As a result, limits were introduced.

Potential issues with limits

There have also been previous concerns surrounding limits, however. Some players argue that loss limits reduce fun, and they take away their control. Of course, freedom matters and players should be in control of their own spending.

However, when players suffer steep losses, it’s tools like loss limits that keep them safe.

According to research by the Gambling Commission, potential issues with setting loss limits include:

• Fun vs. safety: Focusing on restrictions reduces the fun.

• Prevention reduces freedom: Players want choice, not forced restrictions.

• Limits and choice: Limits in place need to protect players while still giving them freedom of choice.

• Stakes vs spend: Should focus be on stakes per bet or overall wagering?

• Consumer choice vs forced decisions: Players should be able to spend their own money and not be forced to reduce spending.

While it can feel restrictive to put loss limits on your online casino accounts, it is important to stick to a budget. Since safer gambling messages have proven to be ineffective for high-risk groups, it is essential to put restrictions on accounts in the best interest of player safety.

The Gambling Commission also found that when losses are highlighted, it can accentuate problem gambling. Therefore, those who were at the most risk felt more at ease when using sites that had limits in place.

This is because, in essence, responsibility is being passed over from the player to the operator.

How to set loss limits

Setting loss limits is not about limiting your fun at the casino. It’s about keeping in control, especially when things get frustrating.

Each operator will have their own way in which you can set limits on your account. However, setting them up is very easy. Here’s how to do it:

1. Navigate to your account page or the casino’s safer gambling area.

2. Choose from daily, weekly or monthly loss limits.

3. Set an amount that you can afford and within the confines of your budget.

4. You may have to wait up to 24 hours to increase your limits.

5. Play your favourite online casino games responsibly!

How loss limits can help support smarter decision-making

Loss limits can be a fantastic tool to help you win more in the long run.

They don’t actually increase your chances of winning or boost your odds for a particular casino game, but they help you reduce your overall losses and support better decision-making.

By limiting your initial losses after a bad gambling session and not chasing those losses, you may not lose as much as you would have if you continued gambling.

Instead, it gives you time to regroup and come back with a clearer head. This means that the next time you gamble, you are more likely to make smarter decisions.