What is a Wager Limit Tool? » 2024's Database & Guide (2024)

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Wager Limit

AuthorKaterina Gadzheva

Approved by Atanas Tanev

Updated:

26 June 2024

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Database
Wager Limit Explained
How-To Steps
Usual Amounts
Reverse Wagering Limits
More Tools
Bottom Line
FAQ

The wager limit tool is a feature used by gamblers worldwide to control the amount they use to place bets. We, along with organisations like RG, believe it is one of the core tools for responsible gambling, but for some reason, not all casinos have it.

Katerina Gadzheva, Betting Expert & Writer for Silentbet

I love the wagering limit tool because of its functionality. Staying in control of how much you spend placing bets is very important in my opinion, so I use it almost all the time.

Check If a Casino Has Betting Limits Tool

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What is a Wager Limit?

Wager Limits are tools used to “set just how much you can wager within a set period of time” as seen on the casino help section of Stake (Source). Depending on the operator, the wager limit can be set for one day, a week, or a month. Some operators offer a more advanced version wager wager-limiting tool that only starts working when you lose.

How Do I Set Bet Amount Limits?

What is a Wager Limit Tool? » 2024's Database & Guide (5)

You set up bet amount limits by following several steps:

Check your account menu and find the responsible gambling section.
Once there, look for the betting limit tool and enable it.
Choose the amount you feel comfortable with and confirm the changes.

Some casinos will only allow you to set up your wager limit using live chat or sending an email. Don’t forget to state why you want to use this tool and the limits you want the operator to impose.

Lots of players’ forums like Quora have discussions on this topic (Source). So it is a feature that is quite popular.

What are the Usual Wager Amounts You Can Work With?

The usual wager caps include:

$10
$100
$1000
$2,000

The amounts vary from operator to operator, and they also depend on which type of wager limit tool you are using. We have used operators that allow people to set daily, weekly, and even single-bet limits. Of course, some of these variations will grant the option to set a higher limit than others.

Katerina Gadzheva, Betting Expert & Writer for Silentbet

I personally feel comfortable using around $30 for my daily wager limit. Depending on your situation, you may find this amount low or high.

How Do I Reverse Wagering Limits?

You reverse the wagering limits by using the same steps to enable it. Since most casino websites we have used offered this feature, all we had to do to disable it was to go to our account menu. However, some casinos will not allow you to reverse this tool if you’ve enabled it within the last 24 hours, so you may need to wait.

In situations where the wager limit tool was added using the customer support team, you will need to contact them again. They will ask you why you want to remove the feature, so it’s advisable to include it in your email.

Using a wager limit is handy in many situations. However, we have used other similar features that can also help when you are in a difficult situation:

Limit your losses

When enabled, you choose an amount you are comfortable with losing. Once you lose it, the system will not allow you to bet anymore.

More Info

Limit your deposits

You limit how much money you can deposit in a single session, day, week, or month.

More Info

Limit your sessions

This feature can limit the time you can be logged into your account or the number of daily/weekly logins.

More Info

The Bottom Line: Silentbet’s Take

The wager limit tool is underrated, but we believe it’s necessary. Once we applied it in practice, we felt more comfortable playing, knowing that we wouldn’t use more money than planned. This is one of the most common problems among inexperienced gamblers, so we suggest using the feature when possible.

Katerina Gadzheva, Betting Expert & Writer for Silentbet

Although some people may feel restricted, I believe the wager limit tool is good. It allows me to relax while playing and worry less about losing steaks.

FAQ

What are the benefits of players setting a wager limit?

The benefits of players setting wager limits are that they know the maximum amount they can spend while playing.

Will smaller bets result in safer gambling?

Yes, smaller bets can result in safer gambling. However, this is just one of the tools available to people with gambling problems, and in some situations, it is not enough.

How does setting bet limits help prevent gambling addiction?

Setting bet limits help prevent gambling addiction by reducing the amount of money you can spend while playing. It helps you control your finances.

Can I limit the bet size of another player?

No, you can’t limit the bet size of another player, at least in most cases.

What is a Wager Limit Tool? » 2024's Database & Guide (2024)

Check If a Casino Has Betting Limits Tool

What is a Wager Limit?

How Do I Set Bet Amount Limits?

What are the Usual Wager Amounts You Can Work With?

How Do I Reverse Wagering Limits?

Limit your losses

Limit your deposits

Limit your sessions

The Bottom Line: Silentbet’s Take

FAQ

What are the benefits of players setting a wager limit?

Will smaller bets result in safer gambling?

How does setting bet limits help prevent gambling addiction?

Can I limit the bet size of another player?

References