Responsible gambling is a theory consisting of many policies and regulations that verify and maintain a healthy level of gambling. These regulations are implemented to gambling stakeholders to ensure they follow the high standards of quality and provide a safe gambling experience in order to shield the players from potentially harmful consequences of gambling. The objective of this concept is to limit the chances of developing a gambling addiction.
Since the excess of anything in life is not good, that is why the concept was brought into light by the government and the gambling industry itself to remind the players to restrict gambling as a pastime and not create it a means of earning. While most people can spend on gambling only the amount they can afford to risk, others may find it more difficult.
That is why the online casino operators like Royal Panda, and software suppliers that provide online gambling services and platforms are asked to incorporate responsible gambling and comply with its principles. Moreover, software providers should support online casino operators to comply with judicial and technical assistance. Listed are the types of responsible gambling areas associated with the online gambling industry.
- Protection of players
- Restriction of underage gambling
- Information privacy
- Security against criminal activities
- Protection for online payment methods
Areas of Responsible and Safe Gambling
This section determines the main elements of responsible gambling that are needed to be considered and respected by both online operators as well as software providers.
Protection of players
The first and one of the most responsible gambling areas includes the protection of their most vulnerable players. Players who enjoy playing casino games for real money may get addicted to it. When they start spending too much that they can afford to risk, their lives can get badly affected.
Therefore, the operators and regulators must incorporate several measures like self-execution programs to limit the monetary amount, and time spent by the players on a gambling website. There are many tools available online that allow the players to enjoy responsible gambling sessions, where they have the option to set financial limits to their accounts. Different countries can have different regulations in this area.
Besides, the regulators must also display information about the organizations where the players can find support if they have become addicted to gambling.
Restriction of Underage Gambling
Preventing underage gambling is an important aspect listed under responsible gambling areas. This area stresses over the restriction of gambling for real money until an individual has not reached the legal age. Following the area, the operators must make sure no underage gambling activities are taking place at their platforms. They should ensure that all the laws protecting minors in their jurisdictions are followed and respected.
In order to comply with the area, the operators must determine a registration procedure for all the players. Moreover, all the necessary verification steps must be followed to verify the gamblers’ age.
This area is concerned with the safety of private and financial information of the player to a gambling site from the prying eyes. The operators need to incorporate robust policies to keep the user data (players’ name, contact details, address, banking details, etc.) safe from unauthorized access and prevent illegal criminal attacks. That is why many operators like Pure Casino are using their SSL-encryption services to their site to ensure user protection.
Security against criminal activities
Just like any other eCommerce websites, gambling websites can also be hacked and misused for cybercrime. To achieve their ill goals and get access to the personal and financial data, criminals on the internet use malefic tools and software to target the vulnerabilities on the website. Therefore, to stop and abolish such growing tendencies the operators must include certain procedures and programs that detect and close money laundering activities.
Protection for online payment methods
Casino operators also need to make sure that the players are using a reliable software platform for depositing funds into their accounts. Because this also concerns the safety of personal and financial details of the user. That is why, the operators must be attentive towards choosing the appropriate payment methods for safe deposit, withdrawal, and money transfer on a gambling site.
How a Responsible Gambler should Behave: Expert Recommendations!
Here we have also given several recommendations for the responsible players.
i) Casino games should be seen as a source of entertainment and not considered a permanent source of income. Gambling websites such as LeoVegas, therefore, offers diversity in online casino games and sports betting.
ii) The players must not see online gambling easy money-making procedures.
iii) Gamblers must consider their budget while playing for real money, needless to say, placing a bet on an amount that they cannot afford to lose creates a stressful situation. The right way to stop losing money is to make sure that the website features certain mechanisms where they can set a maximum betting amount within a certain time.
iii) The players must also keep a check on the time they spend at the gambling site. They need to take a few moments and see if they are losing more regularly, then they need to take a break from gambling for a while.
iv) The players are recommended to review the wins and losses they have made online. Most gambling tasks contain a certain degree of randomness; therefore, the players should take time to check the amount they have won or lost in a while. In case the players observe there is a high negative frequency, then they need to reconsider if gambling activities suit them or not. If the players choose to take a break for a while, they can opt to close the account temporarily.
v) In case a player realizes that he/she has become addicted to gambling, they should contact a specialized organization to seek support.
Experts suggest that gambling, whether online or offline, gambling should be considered a source of entertainment, to spice up life with occasional winnings. Hence, you should act as a responsible gambler to avoid the negative consequences of gambling.