Gambling addiction can cause serious financial and social problems. This is why every punter needs to be aware of their gambling habits and to practice healthy restraint, including self-exclusion, limiting their betting time, and setting a responsible budget.
Best Practices for Responsible Online Betting
To ensure that sports betting remains a fun and rewarding experience, here are the best responsible gambling practices we emphasize here at Odds Scanner US:
- Set a time limit on betting
- Self-exclusion: Take time off if you feel like gambling is becoming a problem.
- Set a limit on the amount of money you spend on sports betting.
- Pause after a bad run: Don’t continue betting if you have gone several days without winning.
- Play for fun, not for money: Betting will become a problem the moment you start viewing it as a job.
- Get help if addicted: Several non-profit organizations offer help and support to those addicted to gambling.
Gambling Problem and Addiction – Understanding When to Stop
Although it’s meant to be a fun recreational activity, gambling can become addictive. Here are signs that you’re addicted to gambling:
- Wagering more than you can bear to lose
- Gambling for a long time without a break
- Borrowing money to gamble
- Attempting to recover losses by placing more bets
- Becoming obsessed with gambling
- Your friends and family think you are addicted to gambling, but you keep telling yourself that you’re not.
- You try to stop gambling but you can’t
Self-Exclusion Programs
Self-exclusion programs are voluntary programs designed to help punters manage their gambling habits. These programs can be mandated by the state or sportsbooks and gaming operators.
Players who request to join these programs have their online activities monitored and won’t be allowed to bet on any platform.
Different states have their self-exclusion programs designed to help those addicted to gambling reform. In New Jersey, players can join the self-exclusion program initiated by the Department of Law & Public Safety and the Attorney General.
Other examples of self-exclusion programs are https://www.bestodds.com/self-exclusion/ and https://problemgambling.az.gov/self-exclusion.
