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The Psychology of Money: Mental Aspects of Subscription Payment Options

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Modern casinos often remind us that gambling is an entertainment, not a way to earn money. However, people are attracted to the possibility of winning money, so this small reminder cannot always stop the wandering brain. 

Some gamblers have trouble stopping and hope to win back by spending more and more. According to a study by the scientific journal Addiction, from 0.1 to 5.8% of the population has experienced serious gambling problems in their lifetime. The fact that money is invisible on online platforms adds to this problem. It would be harder to pay cash as you hold it in your hands. 

Let’s take an example of PayID casinos payment, i.e., with a unique code linked to your bank account. Everything is thought out: players deposit money in one click and may not even think about how much they have left. And especially if gamblers pay during the game when they lack a few dollars for the next spin.  

Responsible gambling rules come to the rescue. Otherwise, you can quickly get into a failure series and then be surprised by the costs. PayID also has certain restrictions to help, but only the player can fully control himself. 

Deposit and spending limits

The daily PayID transfer limit is $10,000, a lot for a casino game. And that is why choosing a licensed, reliable operator that cares about addiction risks is essential. Such operators set additional limits on deposits, preventing you from investing more than you would like. 

But casino limits are also relatively high, so it’s worth setting personal ones. For example, determine a certain amount that you can spend for these purposes per week or month. Limits for a particular game session are also critical. 

Imagine that the player chooses a slot and is ready to play 200 spins. It is crucial to determine the optimal budget. The gambler should agree that when the amount runs out, so does the game. This primary rule stops the desire to continue and win back. 

Time limit

If, for some reason, the previous restriction form is not suitable, you can try an alternative. Determine the time you will play, and when it is up, finish. Come back the next day or even later, depending on your needs. Our brains need such restrictions to be more productive. When there is uncertainty, it is harder to concentrate and easier to fall into the gambling trap. 

Methods of preventing ludomania

Responsible new casinos online provide these methods, so choose the right platform first. The main tools to prevent addiction include: 

  • Restrictions on spending. Players contact the support service to activate it, but in some cases, the function is available in the personal account. They set a maximum for spending, and if they try to use more, the action is blocked even if the account has 10 thousand dollars, which PayID allows. 
  • Low bets. Some games have an extensive bet range, most often slots, so you can play to your heart’s content even with $5. However, small amounts can be a bit of a blur and make you think it is impossible to spend too much, so you should keep control. 
  • Self-exclusion and consultation. This is for situations where addiction has developed. If players notice gambling addiction signs or their loved ones do, they apply for self-exclusion and cannot access the casino for a particular time. We also recommend contacting specialists in such cases. 

Among the apps with the self-exclusion function, we highlight GamStop, BetBlocker, and Betfilter. Each has different blocking periods and conditions, so choose depending on your needs. 

The bottom line

Contactless payment makes you lose track of money and get carried away with the game in no time, which only deepens a person’s gambling tendency. However, responsible gambling rules help to control costs, and using them won’t cause any problems but only more pleasant bets.

Jordan Wayne, a psychology graduate from the University of Hertfordshire, has a keen interest in the fields of mental health, wellness, and lifestyle.

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