Responsible Gambling

Let's talk about responsible gambling. There’s a lot of fun to be had for those wanting to visit gambling sites and casinos with crypto. However, there should be a limit to how much one plays, because it can potentially get out of hand. Problem gambling is a real thing. This guide exists to help prevent it.

Where you can get help depends on where you live – we’ve listed several useful resources on this page for various states and countries. Before you click through to any of them, this article itself covers important information on the topic, alongside helpful tips on how to prevent problem gambling.

What is problem gambling?

Responsible gambling - how to do it

Problem gambling is a term that refers to someone falling victim to a negative gambling pattern, someone who no longer plays for fun but simply because they can’t stop playing. This could be psychological, or to chase losses, or as a last resort to pay bills, or for other reasons. The effects can be very destructive both mentally and physically, as well as economically.

As with most addictions, problem gambling affects people in different ways. Some are more prone to fall into a negative pattern than others. What’s important is to seek help, always sooner rather than later.

How do I know if I have a gambling problem?

Simply put, once gambling has become a problem instead of a source of pure entertainment, you’ll know it’s time to take action. When you start chasing losses or lose more than you can afford, you’ve most likely developed an addiction. Thankfully, there’s a lot of resources out there to get you through it.

If you’re still uncertain about having a gambling problem, you can take this problem gambling test to hopefully get a better perspective. Note that this test is not intended to diagnose you, as that is best done by a professional advisor. We strongly recommend answering all of the questions truthfully. It’s for your health and general well-being.

Understanding problem gambling with

Knowing that a problem has developed is half the battle. Being aware that you might be playing too much will hopefully push you to set limits and seek help. Also know that you’re never alone and that gambling addiction is a problem all around the world.

Here are a few indicators to help you see a potential gambling problem developing in yourself or others:

  • Playing as a means to pay bills
  • Asking for money to fund gambling
  • Chasing losses to win funds back
  • Feeling guilty while playing
  • Gambling being a cause for stress or anxiety

We want to help you understand why responsible gambling is important, even though we can’t offer any professional advice. Read on for a few tips on how to prevent problem gambling and crypto spending.

How to prevent it

Various steps can be taken in order to prevent developing a gambling problem. Since everyone is different, it’s worth noting your own individual gambling patterns and behaviors. Understand how it affects you and take the necessary steps and action to prevent it.

Don’t try to double your crypto

An advantage of playing with crypto is that you most likely have your crypto and fiat separated. This means that you’re most likely paying bills and buying food for fiat money, while holding your crypto coins safely in a wallet.

However, this doesn’t mean that you should be reckless with your cryptocurrency. On the contrary, you should be holding it, or investing it wisely. Spending all of it on gambling in the hopes of doubling the amount is a huge risk and flawed plan.

Set aside a budget

You could have a crypto wallet solely for gambling, and that’d be a good way to spend it more responsibly. Decide on a budget for how much crypto you’re willing to spend and potentially lose on a monthly basis, and stick to it. Any excess from winning could either be used to increase the budget, or be sent directly to your main crypto wallet for profit.

Take breaks

Sometimes it’s good to simply step back and take a break, clear your mind. This gives you more time to think about the bet you’re about to place, or rethink it altogether. There are also self-exclusion programs on every gambling site to block yourself from playing. If taking a break feels too difficult, it might be time to consider contacting a gambling prevention organization to set you on the right path.

Get help and support – Resources

There are many different organizations around the world that deal with gambling addiction. There’s no shame in getting help, and you’re never alone. It’s always free, and usually you can reach out in numerous ways such as live chat, phone, email or in groups, anonymously too.