Wagering Limits for the UK?
The UK gambling industry was upside down at this news. The fix odds betting terminals already exist in the conventional ones.
Posted on 10th February
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The UK gambling industry was upside down at this news. The fix odds betting terminals already exist in the conventional ones. These ensure that players can only place a certain stake, namely two pounds per round. The British Parliament is now proposing to apply this rule to online casinos as well. There is no doubt that this is in favor of player protection, but what is the general public opinion on this project?
More player protection is requiredNot only is the wagering limit an issue, overall there is broad consensus in the UK that more needs to be done to protect players. The members of parliament say that the laws that came into force in 2005 are partly outdated and need to be revised.
Accordingly, there is now talk of various demands that go beyond the stake limit. For example, the VIP promotions should be controlled in order to throttle the game frequency. There is no doubt that offers in online casinos are very tempting, after all they aim to encourage members to play.
Another point relates to credit card payments, which should be prohibited in online casinos. This is to prevent players from overdrawing their cards and instead keeping an eye on their budget. This also goes hand in hand with considerations about the bet limit, because as in conventional casinos, rounds of more than two euros are to be prohibited.
Land-based casinos as a modelThe British Parliament is addressing its demands to online casinos and is keeping an eye on land-based casinos, where player protection is also gaining in importance. It is also no secret that online casinos mean that players have much easier access to online gambling. Player protection is often neglected here, which is why the government is finally calling for better control of the market and establishing uniform limits and restrictions.
A double-edged swordGambling must always be viewed from two sides: on the one hand, player protection is an important issue, and on the other hand, games of chance are a welcome source of income for every state. The online casino business is also booming in the UK, which is why it will certainly not be easy to actually realize claims. It is likely that one will also keep an eye on the state treasury.
It still remains to be seen which betting limits and new regulations will actually come into force. Basically, player protection is a topic that is often neglected in the online gambling world. We therefore recommend every player to pay attention to their own budget. Set your weekly or daily balance and stick to it. If you don't trust yourself, you can also set fixed settings for time and stakes in the modern online casino , which you cannot exceed under any circumstances.
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