We still have several sporting events that you can bet on before the year ends; this includes betting formula 1 where lots of bonuses await. In Hungary, they are called bónuszok, and they are quite generous. If you are into Formula 1 betting, look out for bookmakers who are offering incentives, it is a great way to save on your bets. Talking of saving, every bettor should strive to gamble responsibly. If you find yourself getting into trouble due to excessive betting, do not worry, this article will give you tips on how you can gamble responsibly. We will introduce to you some tools that you can use towards this end.
Fun and entertaining
Online sports betting or gambling, in general, should be a fun and entertaining activity, however, for some it can become addictive. This is the time you need help, and luckily, bookmakers and casinos have several tools that you can use to control your betting. They include:
- Limitation on deposits
- Session limits
- Account history
- Self-evaluation and exclusion, and
- Budgeting assistance
Limitation on deposits
The money and the duration you bet are determined by the amount that you have deposited in your account. So limiting the amount that you deposit can be one of the ways through which you can determine your spending habits. From the beginning, start by setting a betting budget. Have a separate bankroll for your betting activity.
This will be a great way of determining how much you can comfortably afford for your online sports betting activities. Betting sites normally provide a tool, the deposit limit function to help in this. A bookmaker deposit limit allows the bettor to set an amount and period which maximizes the total value that can be deposited at a given time. The limits are in terms of months, days, and weeks. As a bettor, you have the option of selecting the amount and the frequency of deposits.
You are advised to set a limit that is within your budget. The deposit limit works by preventing further deposits once it is reached. For further deposits to be allowed the limit must be changed but there are rules to be followed. For example, a change in limit will be prevented if you are trying to activate it immediately. You have to wait for a minimum of 24 hours to reconfirm the change. The cooling-off period is important as it helps those who would like to rethink the change decision to do so.
This is a useful feature especially for people who may have made a hasty decision as far as the limit increment is concerned, you can always come back and confirm whether you need to increase the deposit limits. In some cases, the cooling-off period may be longer. For example, if you have a monthly frequency on your limit, you have to wait for at least a month before the process is completed. This is a very effective tool for preventing excessive betting; it also ensures that you only spend the amount that you have set in your budget.
Session limits
The amount of time spent in betting can be an indicator of whether there is an addiction. If you find yourself spending long hours such that you are neglecting other important activities, you need to limit your playing time. Some Bookmakers have provided Playing Time Notification, a feature that reminds the player of the time they have spent on the site.
In some sites, you do not need to set it; an automatic trigger will alert you regardless of whether you have set a specific time or not. The trigger is set out of an understanding that losing track of time when betting is common among bettors; this necessitates a reminder of how long one has been playing. Setting session limits helps you plan in such a way that you do not exceed the time. With such limits, you will only bet for a given duration, allowing room to attend to other matters.
Account History
Keeping records of your activities in online betting sites helps track the amount of money and time you spend. Most bookmakers will offer full records of your activities ranging from deposits, withdrawals, bets among other details. As a bettor, you need to make yourself familiar with the account history section and in particular, keep tables with the amount of time and money that you spend on the site.
With this kind of information, you can monitor your activities and take the necessary actions. If you find yourself spending relatively huge sums of money or longer hours, take the necessary measures and adjust. Use the deposit and session limits to achieve your betting control goals.
Self-evaluation
Through your account history, you may find that there are things that need to be corrected. Self-evaluation can help identify what needs to be done. This is a set of simple questions and steps that allows you to have a genuine look into your gambling habits. Some of the questions that you ask during the self-evaluation exercise include:
- How long do you stay on an online betting site?
- Do you bet when you have not planned
- How do you feel when you win or lose?
- Have you ever postponed an important event to gamble?
- Do you find yourself chasing losses?
- Why do you engage in online betting?
With these questions, you will find whether you need help and the areas that need to be changed. You will also know whether you can use the tools available to make the necessary adjustments. If you have problems adjusting seek professional help.
Lastly, if everything else does not work, use the self-exclusion option. This is an option that is available with all bookies; actually, it is a requirement by the law. You can close the account and ask to be barred from opening a new one.
Online sports betting is a fun and exciting activity, but if you find yourself in trouble due to gambling habits, use the tools provided by your bookmaker to check your betting. Betting responsibly means spending an amount that you have planned for, both in terms of time and money. It is the only ways you can ensure you enjoy your betting activities.
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