What Are Responsible Gambling Tools And Why You Should Use Them

6 min read
Author
Sol Fayerman-Hansen
Sol Fayerman-Hansen
Editor-in-Chief
Fact checked by:
Paruyr Shahbazyan
Founder
Last Updated: May 27, 2024, 3:07 PM

Responsible Gambling Tools Help

Gambling should always be approached with caution to avoid negative impacts on the individual and those around them. Responsible gambling is essential for maintaining gambling as a form of entertainment without adverse effects. For a comprehensive understanding of responsible gambling, we have researched many available tools and resources for you so you can find them all in one place. 

For example, organizations like the American Gaming Association provide resources and information on their Responsible Gaming page.

Understanding Responsible Gambling Tools

The tools described are pivotal in promoting safer gambling practices. Here are more detailed sources and links for each:

  • Self-Assessment Tests: Organizations like GambleAware offer Self-Assessment tools for individuals to evaluate their gambling behavior, providing a starting point for reflection on one’s gambling habits.
  • Deposit Limits: Many online gambling platforms, such as Bet365, provide options for setting Deposit Limits directly within a player’s account settings, helping users manage their spending effectively.
  • Loss Limits: Sportsbooks like DraftKings offer detailed guides on setting Loss Limits to help players control potential losses, encouraging responsible gambling.
  • Time Limits: Platforms such as FanDuel include features for setting Time Limits on play, helping users manage the duration of their gambling sessions.
  • Self-Exclusion: The National Council on Problem Gambling provides information on Self-Exclusion programs, offering a break from gambling as a way to help individuals regain control.
  • Reality Checks: Certain gambling sites incorporate Reality Checks to remind players of the time and money they've spent. 

Why You Should Use Responsible Gambling Tools

Implementing responsible gambling tools and practices is beneficial not just for preventing addiction but also for enhancing the overall gambling experience. It promotes a culture of safety and responsibility, where the well-being of the gambler is prioritized. Here are additional points on why these practices are crucial:

  • Enhanced Player Protection: Responsible gambling tools provide layers of protection that help shield individuals from the potential harms associated with gambling.
  • Sustainable Gambling Industry: By promoting responsible gambling, the industry can ensure its long-term sustainability by fostering trust and a positive reputation among the public and regulators.
  • Community Awareness and Prevention: Responsible gambling practices contribute to broader community awareness about the risks of gambling and the availability of prevention and treatment resources.

Conclusion and Further Resources

Responsible gambling is a multifaceted approach to ensuring that gambling remains a source of entertainment without becoming detrimental to the individual or society. By utilizing responsible gambling tools and practices, individuals can enjoy gambling in a way that is safe, controlled, and within their means.

For those seeking additional support or information, consider exploring resources offered by international organizations such as the World Health Organization or the International Centre for Responsible Gaming. These organizations provide valuable research, guidelines, and support for addressing gambling-related issues.

Engaging with responsible gambling practices and tools is essential for anyone involved in gambling. They ensure that gambling remains a pleasurable activity, minimizing the risk of it becoming a problem. By fostering an environment of awareness, control, and support, we can enjoy the benefits of gambling while safeguarding against its potential harms.

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Meet Our Authors

Paruyr Shahbazyan began his business career in 2000 as a private entrepreneur. Over thirteen years, he developed a deep understanding for business and leadership, laying a solid foundation for his professional journey.

In 2013, Paruyr stepped into the sports and betting industry as the founder and president of Bookmaker Rating. This online mass media platform, which he led until 2020, focused on providing in-depth analysis and insights in sports betting, earning a reputation for its quality content. 

Continuing his innovative approach in 2022, Paruyr co-founded Azuro, a decentralized betting protocol. This venture showcases his dedication to integrating advanced technology in the evolving landscape of sports betting. Through these diverse experiences, Paruyr has continuously influenced and shaped the betting industry, driving new trends and setting high standards.

 ExperienceYear
Engaged in private entrepreneurship2000-2013
Founder and President at Bookmaker Rating, an online platform focused on sports and betting2013-2020
Co-founder at Azuro, a decentralized betting protocol2022

"Innovation in sportsbetting comes from a deep understanding of both technology and the human element of sports." 

- Paruyr Shahbazyan, Founder, RG

 

Principles and Ethics

Paruyr Shahbazyan's core beliefs lie in the power of informed decision-making and integrity in the betting industry. He understands that the foundation of successful betting is not just about odds and predictions, but also about the trust and reliability of the information provided. Paruyr advocates for a betting environment where transparency and knowledge are paramount, ensuring that bettors are well-equipped with accurate data and insights.

Strategic Vision

Paruyr's vision is to revolutionize the sports betting industry through the integration of technology. He sees the future of betting as a blend of traditional sports knowledge with innovative tech solutions, like decentralized protocols, to enhance user experience and fairness. His aim is to create platforms that are not only user-friendly but also uphold the highest standards of ethical betting, contributing to a more responsible and enjoyable betting culture.

Future Perspectives

Looking towards the future, Paruyr envisions a betting landscape that is more inclusive, technologically advanced, and globally connected. He anticipates a significant shift towards more decentralized and transparent betting systems, driven by blockchain technology. Paruyr is committed to being at the forefront of this change, continuously exploring new possibilities and innovations that can redefine what it means to engage in sports betting in a digital world. His focus is on building systems that prioritize user empowerment, fairness, and the global growth of the sports betting community.

 

Sol Fayerman-Hansen
Sol Fayerman-Hansen
Editor-in-Chief

Sol's interest in sports was sparked at a young age, inspired by athletes such as Barry Sanders, Michael Jordan, and Wayne Gretzky. This early fascination evolved into a deep-seated passion, guiding him toward a career in sports journalism in 2007. Over the years, Sol has contributed thousands of articles and reviews to dozens of online platforms, sharing his research, knowledge, and perspectives.

“In the world of sports betting, truth is more valuable than any bonus offer.”

ExperienceYear
Content Manager, OnlineCasinoReports2012-2021
Sports Journalist, Dottraffic2009-2011
Content Writer, HouseTech2007-2009
Cristina Varela Galan
Cristina Varela Galan
Problem Gambling Expert

Cristina used to work as a Psychology Assistant in the Bizkaia Pathological and Risky Gamblers Association. She was also part of a research team in Deusto University, specializing in pathological gambling area. While working there, she managed to develop her own project 

 “Exploring the association between emotional regulation, alexithymia, stressful life events and gambling in adolescent and young adult women”.

Nick Ashbourne
Nick Ashbourne
Senior Writer

Nick has been fascinated with sports since he was first taken to a Toronto Maple Leafs game back in 1998, and he's written about them professionally since 2014.

Nick has covered baseball and hockey for outlets like The Athletic, Sportsnet, and Yahoo Sports, and his sports betting expertise has grown since its legalization in Ontario in 2022. 

Between 2022 and 2023 he worked for a betting startup called NorthStar Bets, and in 2024 he contributed to Oddspedia before joining the Responsible Gambling team.

Anna Kravtcova
Anna Kravtcova
Problem Gambling Expert

Ph.D. in organizational psychology, an internationally certified psychologist (EuroPsy 2022, Cognitive behavioural therapy of mindfulness 2020, International Society for Emotional Intelligence 2017, Russian Psychological society 2014, American Psychological Association(Society for Industrial and Organizational Psychologist) 2011), speaker of many international conferences (USA, Brazil, Portugal, Czech Republic, Russia, etc.). TEDx speaker.

Mike made the decision to dive headfirst into the booming world of sports betting fresh out of college. Back in the day, when 1-800 pick lines and sports pagers were all the rage, he couldn't resist the allure, having grown up idolizing sports legends like Sweetness, MJ, and Slammin Sammy. Mike dedicated his early years to the industry, tirelessly analyzing games, writing articles with free picks, and selling his expertise on reputable handicapping sites. Unlike many others, Mike was known for his integrity and only released one Game of the Year per sport, per season. His hard work and unwavering commitment paid off, earning him a devoted following and propelling his career to new heights. Then came the explosion of Daily Fantasy Sports. Believe it or not, companies like DraftKings and FanDuel used to pay Mike's company to increase their brand exposure. Now, those same industry giants don't even bother responding to his emails. While Mike appreciates the convenience of being able to place legal bets in his own backyard, he can't help but feel disheartened by what has become of the industry. People are being led astray, falsely believing that a mere $5 wager on a 20-team same-game-parlay will be their ticket to financial security. If there’s one thing Mike learned from making book back in the day, it’s that parlays are a bookie’s best friend. A bankroll is the only leg you have to stand on in the battle with the books, and Mike’s here to offer up advice on how to protect it.