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A Message from RedBlackWin: We promote gambling related content and games as we believe they offer a great source of entertainment for players around the world. However, we always ensure that the facts are made clear and that the casino will always have an edge regardless of which strategy or tips you follow. We help players increase their chances of winning, but that doesn’t mean players should risk more money. Never gamble as a source of income or wager more than you can afford to lose.
Is Gambling an Issue?
Over the past few years, we’ve seen an influx of new online casino offerings and gambling opportunities. They are just a click away and some claim this presents a problem. As it’s so much easier to gamble now, does this mean vulnerable groups of players such young individuals or those without the required disposable income for gambling will be attracted to them and end up experiencing serious harm as a direct result?
We’ve all heard stories of problem gamblers risking more than they can afford to lose, even their life savings in some circumstances. But clearly it’s not fair to criticize an entire industry simply because of some individuals with gambling tendencies meaning they struggle to control their spending.
Having said this; gambling addiction is a very serious problem. Often it’s the thrill and excitement of gambling that leads to problems, not just chasing large monetary wins. In the United Kingdom, various new measures have been introduced to help protect players with addictions.
Deposit Limits / Reducing Losses
The most significant change to the gambling industry is the introduction of account limits that players can set themselves. Many casinos offer this as part of the sign up process or allow it to be changes later from within the account management area.
If your at all worried about the amount your risking or if you think your losing control of your gambling, we highly recommend using these features. They can always be changed later, it’s not a big commitment.
Most online casinos also offer a self exclusion feature. This means players that want to prevent themselves from playing the games for a set period can easily do this, so the temptation of returning to gambling won’t be there.
So Gambling should be Avoided?
Casinos make profits because all of their games have a ‘house edge’. This is an advantage built into the game to favor the house over the player. For most games, such as Roulette or Blackjack, this is a fairly small percentage.
Contrary to popular belief, a casino does not want those with gambling problems playing on their site. If their losses are promoted by the media it can be a publicity nightmare for them. Instead, a casino relies on two elements to be successful – the aforementioned small house edge and a large volume of players.
Many claim it’s impossible to make money from gambling, but this simply isn’t true. A large amount of players end each year in profit from regular wagering on games such as poker, roulette and blackjack.
To give a specific example, the payout percentage (also referred to as Return to Player) is 98.65% on some online roulette games. That means, with just average luck, a player wagering £100 would expect to end up with £98.65 on average. Of course, it doesn’t always work out like this, but that’s the projected amount over the long term as a result of millions of hands/spins.
The advantage a casino has is not as large as many perceive it to be. Making a profit from their games is far from impossible but always remember that with every bet you make your always slightly more likely to lose than win.
If Gambling is becoming anything other than entertainment for you, we strongly recommend you take a break before it escalates into a bigger problem.