Responsible Gambling

Gambling always involves financial risks, regardless of the platform, game, or betting level you choose. Therefore, it is very important to be aware of the risks listed below so that you can make an informed decision about how much, how often, and when to gamble.

Financial Risk

Online gambling is described as games of chance in many jurisdictions, and the outcomes depend on pure chance. There isn’t any guaranteed strategy, system or pattern that can affect the result of playing positively. All operators have a built-in house edge strategy allowing them to win in the long run. This advantage, as a consequence, can create financial risks for players, including:

• Losing more than they plan because of long playing sessions
• Trying to get back what is lost already by increasing bet sizes, also known as chasing losses
• Seeing online gambling as a source of income or savings rather than entertainment

Behavioural Risk

Many studies have shown that gambling carries risks, and people who gamble for long times unconsciously can have gambling disorder, a very common and problematic behavioural disorder affecting their lives directly. It’s very important to detect warning signs early.

The following signs can be the indicators that gambling is becoming a problem for people:

• Spending more time or money on gambling than originally planned
• The urge to gamble most of the time
• Using gambling as a way to escape from emotions such as stress, anxiety, or anger
• Lying to others about gambling habits or frequency
• Borrowing money or using funds reserved for essential expenses
• Neglecting work, relationships, or responsibilities due to gambling

TradeBlock recommends practical tips below to keep gambling activity as a healthy entertainment form:

• Set your budget: Decide on a fixed amount before starting and treat it as your maximum loss. Do not exceed this amount regardless of positive outcomes of your play.
• Set a time limit: Decide in advance how long you will keep playing. Set your alarm and take regular breaks to avoid making impulsive decisions.
• Do not chase your losses: Do not try to recover losses by continuing to gamble, as it will lead to greater losses. Accept your loss and stop playing there.
• Avoid gambling under strong feelings: Do not gamble when you are stressed, feeling anxious or mourning. These situations increase the possibility of making wrong decisions. Seek professional help when you’re under emotional stress.
• Do not borrow to gamble: Gamble only if you have extra funds as a way of entertainment. Do not use the borrowed money or finances for bills, rent, or other essential necessities.
• Keep gambling separate from other finances: Use a dedicated and limited balance for gambling within your boundaries.
• Take breaks: Make regular pauses while playing and plan the time away from gambling beforehand.

Players can benefit from various built-in responsible gambling tools at most licensed and regulated operators. These platform tools help players manage their gambling sessions. They typically include:

• Deposit limits set your maximum deposit amount within a determined period. You cannot keep depositing when it is exceeded.
• Loss limits determine your total losses within a defined timeframe. You cannot keep playing when you reach that limit.
• Session time limits notify you when you need to make pauses, or they log you out automatically after a set duration. They remind you that you need to take a break.
• Cooling-off periods suspend your gambling account for a determined time if requested. You cannot log in to the operator in question during this process.
• Self-exclusion restricts you from playing and accessing that platform if requested. You cannot log in to the gambling platform permanently.

When players need to use these tools, they can generally access them through the account settings on the platform in question. It’s solely the players’ responsibility to adjust those settings. TradeBlock does not operate any gambling platform and cannot administer these features directly.

Crypto gambling platforms operate differently from traditional online casinos in several ways:

• Transactions are processed on blockchain networks and may be irreversible.
• Regulatory oversight varies significantly by jurisdiction. Many platforms operate in jurisdictions with limited consumer protection.
• The anonymity features of cryptocurrencies can make it easier to gamble without external visibility, which may reduce natural social checks on behaviour.
• Price volatility of cryptocurrency means that the real-world value of funds used for gambling can change significantly during a session.

These factors are worth considering when evaluating the risks of crypto gambling relative to other forms.

Gambling laws differ across countries and regions. TradeBlock does not provide legal advice and cannot confirm whether gambling activity is lawful in any specific jurisdiction. Readers are responsible for ensuring that their use of gambling platforms complies with the laws applicable in their location.

TradeBlock does not operate any gambling platform. Content on this site related to gambling is published for informational purposes only.

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