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It’s Time To Manage Your Gambling Better

responsible gambling tools

When you’re thinking about gambling online, a lot of different things probably run through your head. From promotions to odds to games available to banking methods. The list goes on. But do you ever think about responsible gambling tools?

Do I need responsible gambling tools?

Some people just think about responsible gambling tools as things you only need if you have a problem with gambling. But the truth is, everyone can benefit from using responsible gambling tools.

Whether you’re a casual gambler that only logs on every few weeks or you’re a regular who thinks they know the score, responsible gambling can benefit you in so many different ways.

The main benefit of responsible gambling tools is that they can help identify bad gambling habits or even stop them from forming in the first place because you’re more aware of yourself.

However, they can also help you manage your time and your bankroll much better too. And that’s a good news story for everyone! So it’s absolutely worth exploring responsible gambling tools and what they can do for you.

Activity tracker

Off the top of your head, do you know how much you’ve spent on online gambling in the last year? How about the losses you’ve racked up in the last month? If the answer to those questions is a big fat no, you should be tracking your activity better.

On good online gambling sites, you should be able to view your account activity and statistics. This includes bet times, transactions, win/loss history, net deposits and, of course, your balance. You should be able to see your activity across a range of time periods from a week, a month to a year.

Once you’ve had a good look at these statistics, you can assess how your online gambling sessions are working for you and if there’s any area you need to cut down on.

Budget calculator

Working out your gambling budget is extremely important. In order to work out what you have to spend, think about all the money you have coming in.

Add up your wages after deductions, benefits and any other income you have. Then deduct your other major expenses, such as rent or mortgage, utility bills, loans, transport costs, shopping any any other major expenses. Then also think about what you need to save regularly too and deduct that from your overall income.

That should leave you with your expendable cash. You shouldn’t think about spending all of that on gambling. Because you’re going to need to have fun with your friends, take a holiday, splurge on some nice meals out. But you can spend a small percentage of that expendable money on online gambling.

On some responsible gambling websites, you’ll find a budget calculator where you can get a rough idea.

Deposit limits

Let’s face it, it’s always a good idea to stay on top of your finances. If you regularly gamble online, you know how important that is. And why not utilise handy responsible gambling tools to make sure you stick within your budgets?

Set a deposit limit for a 24-hour, 7-day or 30-day period so you definitely won’t accidentally deposit more than you want to play with. At most sites, you can also decrease these limits at any time too.

However, if you want to increase your limits, it’s a big decision. You should never decide to increase your limits because you’ve lost a packet and think you can win it back. That’s throwing good money after bad and is never a good idea.

So if you have thought it through carefully and do want to up your limits, many sites have a 24-hour period before your new increased limits take effect.

Time limits

We’ve all been there before. Getting immersed in a gaming session and just not realising how much time is going by. It’s never a good feeling to spend longer than you wanted to gambling. So make sure you manage your time cleverly.

One of the handiest responsible gambling tools lets you set time limits on your play. Good gambling sites have time limits or reality checks that you can set to give you a nudge when you’ve been playing for over a certain amount of time. This often applies to sportsbook or casino play, but sometimes poker is exempt.

Much like deposit limits, you can get alerts more often instantly. However, if you want to remove time limits or get the alerts less often, it takes 24 hours before you’ll see the difference.

Other good responsible gambling tools to keep your gambling sessions in check are time outs. You can decide not to gamble at all for a couple of days or weeks. And by setting a time out, you’re removing temptation by locking yourself out of your account temporarily. Plus you can also set customised time outs, so you can decide to only gamble certain days of the week.

You might also decide to opt to self-exclude for a longer break of several months, years or even forever. Which brings us to our next point…

What if I’m still struggling?

If you’re still struggling to manage despite using all of these responsible gambling tools, you need help to stop gambling entirely. No amount of responsible gambling tools can help you if you have a gambling problem.

But the good news is, you don’t have to go it alone. If you’re in the United Kingdom, reach out to Gamble Aware online or via their phone line 0808 8020 133. Or if you’re in the USA, you can find lots of resources and help from the National Council on Problem Gambling.

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