There are a ton of ways to help prevent gambling-related harms. The beauty? They are on your sportsbook.
Tips For Preventing Gambling-Related Harms
Tips For Preventing Gambling-Related Harms
Highlights
- Options for preventing gambling-related harms
- Deposit and loss limits
- Help resources
Preventing Gambling-Related Harms
The Canadian Centre on Substance Use and Addiction and Greo Insights released a report that recommends developing a “pan-Canadian strategy to address gambling-related harms.” Sports betting has become huge in Canada and many other parts of the world as more countries find ways to monitor and regulate it. “This call to action is in response to the significant increase in gambling advertising on billboards, social media, at commercial breaks during sports broadcasts and during sporting events. Increased gambling availability and advertising are expected to contribute to increased gambling in Canada, thereby posing a significant risk of harms among the general population, particularly for youth, young adults and other vulnerable populations.”
The report focuses on gambling-related harms, but doesn’t mention some of the options for preventing gambling-related harms that are available on a ton of sports betting sites right now. The harms mentioned in the report include “financial, relationship and emotional distress, health problems, criminal involvement and other harms.” There are a ton of tools to prevent these gambling-related harms that are available on a lot of sportsbooks. These tools are mainly free.
Deposit limit and loss limit
You can’t bet without money to bet. Sports bettors having problems with betting too often or spending too much money can prevent this problem with deposit limits. BetVictor is an example of a sportsbook that allows their bettors to set deposit limits. Bettors can set a daily, weekly, and monthly deposit limit on BetVictor. With the help of friends, family, or professionals, anyone looking to prevent gambling-related harms by controlling how much they bet can try setting a deposit limit. For BetVictor, the deposit limit minimum for one day is $30. The maximum is $168,300. Bettors can also set loss limits. “Setting loss limits is a simple way to control how much money you’re prepared to lose while gambling.” A loss limit can be set for one day, week, or for a month.
Timeouts
You can prevent yourself from betting if you’re losing too much money, find yourself betting too much, or having any problems with a timeout. The timeout allows bettors to suspend their account for a day up to a few months. On Bet99, the minimum time is 24 hours. The maximum is three months. These timeouts have different names depending on the sportsbook, but they are available on many.
Account closure/ self exclusion
Self exclusion lets bettors block their account for six months or more. BetVictor’s self exclusion can go up to five years. This is similar to a timeout. The account closure is self-explanatory. Closing your account is always an option if you are experiencing gambling-related harms. This option may also show up as deactivate account.
Help resources
Most of, if not all, the top sports betting sites have help resources listed on the sportsbook somewhere. Many of them have these options listed at the bottom of the page. Some of them will have a dedicated section on the site or a dedicated page. They will provide a list of organizations with a little information about the group and contact information. The options vary depending on the sportsbook.
Kahfeel Buchanan graduated from Toronto Metropolitan University’s journalism program. When not reading, writing, or covering sports, he likes to drink coffee, watch movies, and more. He has years of sports writing and journalism experience. From covering basketball games at Toronto Metropolitan University for the school paper to writing about sports betting, he has published a ton of sports stories throughout his time as a journalist. His work doesn’t end there, Kahfeel wrote a bunch of opinion stories on the Toronto Raptors during his early years as a sports writer, once writing about Fred VanVleet making the NBA All-Star team months before his first All-Star selection in 2022. He works hard to give readers quality journalism and great stories.
Inspiring Information
Betting Exchanges in Canada: Complete Guide & Top Platforms in 2024
BettingTop10 defines what betting exchanges are, explains how to place wagers, provides tips and highlights the best betting exchanges sites in Canada.
Bet365 vs FanDuel: Which Sportsbook is Better?
Learn more about whether you should wager with Bet365 or FanDuel in this comparison. Looking at every aspect of these two top-notch operators in Canada.
What Is A Teaser Bet: Definition, Examples & How to Place A Bet
Unlock the power of betting teasers at top online sportsbooks. Learn how to place a teaser bet and shift the odds in your favour. Expert insights inside!
Is BetRivers legal in Canada?
Answering the big question, can you use BetRivers in Canada? We’ll explore who this bookmaker is, if they are legal across the country, and much more.
Is Bet99 Legal in Canada?
Bet99 is a major brand that many Canadians are paying close attention to. But is Bet99 legal in Canada? Find out in this expansive legal guide.
Is Betway Legal in Canada?
Below, we’ll dive into the question of, is Betway legal in Canada? We’ll explore the legality around using this operator across the country.
Latest News
UFC Fight Night 244: Royval vs. Taira Main Card Betting Odds & Picks
The UFC heads back to the Apex in Vegas this week, with UFC Fight Night 244 happening this Saturday. Highlighting the night is a top 5 flyweight battle between Royval and Taira. Check out our best bets and betting picks for the main event bouts.
NFL Week 6 Sunday Early Slate Betting Picks, Odds, & Best Bets
Check out our best bets and picks for the eight games featured NFL’s Week 6 1 pm slate on Sunday, including the top betting odds!
NFL Week 6 Player Prop Best Bets, Picks, & Odds
The 2024 NFL season rolls on with Week 6. Check out our best bets for the player prop slate this Sunday, including the best NFL betting odds you can find!
Major League Soccer: Vancouver Whitecaps vs Los Angeles FC Betting Preview
Taking a look at the match odds for the Vancouver Whitecaps vs Los Angeles FC on Sunday, October 13 at BC Place, with LA a slim favorite to come out victorious in this Major League Soccer encounter.
College Football: Florida vs Tennessee betting preview
Taking a look at the odds and previewing the Week 7 college football matchup between the Florida Gators and the Tennessee Volunteers on Saturday, October 12 at Neyland Stadium in Knoxville.
October 2024-2025 NHL regular season promotions
About the NHL promotions that are available for the first month of the 2024-2025 NHL regular season. Provides the latest betting news, all the important details, and explains the promotions in simple terms.