Self-exclusion In Betfair: Advantages And Disadvantages
When you are overwhelmed by all the bets you’re placing, there is an option that enables you to take a short break. For instance, if you have been experiencing huge losses, you can restrict your account from placing bets for varying periods of 24 hrs up to 30 days. If you feel that you need a longer break, you can consider self-exclusion. With self-exclusion, your Betfair account remains closed for anywhere between six months to five years, depending on the option you choose. During the exclusion period, your account will not be reactivated under any condition. Read on to learn some of the advantages and disadvantages of self-exclusion in Betfair.
Promotes Responsible Gambling
Gambling is addictive, and it usually comes with severe consequences for different people after losing money. Betting also attracts ordinary people to try their luck but they may end up losing their hard-earned money. Even seasoned gamblers lose lots of cash as they try to turn around or increase their fortunes from betting. As a result, you are tempted to keep on betting if you are addicted to gambling, and this may not improve your situation but rather worsen it.
Therefore, self-exclusion is advantageous as it promotes responsible gaming. You will get time to refresh your mind and focus on other pertinent things in life. Additionally, you can also get a chance to seek counseling services. Many people do not realize the impacts of betting on their welfare until it is too late.
Self-exclusion Does Not Permanently Bar You From Gambling
While self-exclusion gives you a break from betting, it does not permanently bar you from betting on your favorite teams or games. You can bypass Betfair self-exclusion by creating a second account that will not have any link with the first account, so you can still enjoy your favorite games. However, you need to use a different identity when you create a second account. You can ask a friend or a relative to sign up for a new account for you. Alternatively, you can place your bets live at the betting shop. That way, you would not need to use an account to play your favorite game or bet.
It Deprives You Of Revenue Generation
While self-exclusion promotes responsible online gaming, it can also deprive you of the revenue that you want. Gambling as the name suggests is unpredictable, and you can win a jackpot at any moment. However, if your account is closed for five years, you may not be able to get the much-needed money during the period of inaction. You may also lose your gambling skills if you do not play the game for an extended period.
Many people gamble for fun, and others try their luck to win some quick money. However, gambling is addictive, and it can have severe negative impacts. If you feel that betting is taking a toll on your welfare, you can always consider the option of self-exclusion. It will give you a break from online betting for a specific period when your account is temporarily closed.
