Responsible Gambling Guide & Tips - Stake Smart Online
How to Stake Smart - Responsible Gambling Online
Whether playing table games, live dealer games or slots at our online casino or placing bets on the biggest upcoming tournaments or live streamed events at our sportsbook, gambling responsibly is crucial to your enjoyment.
At Stake.com, we pride ourselves on helping you take responsibility for your online gambling, offering a wide range of tools and resources available to help you on our platform.
Here, we explain what it means to bet and gamble responsibly, and introduce you to what it means to be Stake smart while placing online wagers.
What is Responsible Gambling?
Responsible gambling is about making informed choices when placing sports bets and playing online casino games. Online gambling should be fun and not put you under financial strain or pressure.
Helpfully, there are a range of responsible gambling tools and responsible gambling programs that you can turn to, which let you stay in control when you’re playing online casino games or placing sports bets.
Successful bettors see online gambling as a form of entertainment, and whether you’re a recreational bettor or professional gambler, knowing your limits is vital.
Every person is different, which is why it’s so important to set your deposit limits and educate yourself about staying in control. Here, we explain how you can maintain safe limits while betting at Stake.com to ensure that online gambling remains fun.
How to Gamble Responsibly at Stake.com?
There are many ways to ensure that your gambling activities don’t get out of hand and that you gamble responsibly. There are many common gambling myths out there that can spread false information. Here are some of the things you should consider before betting at Stake.com:
Knowing House Edges & Odds of Winning
House edge is built into every online casino game and refers to how much the casino keeps per stake. This is usually given as a percentage. For instance, on many online slot games, the house edge is around 4%, meaning that 96% of the money spent is returned to players through payouts (RTP). On the other hand, many of our Stake Original games such as Plinko, Crash, and Limbo have a house edge of 1%, or 99% return-to-player rate.
The higher the RTP of a game, the lower its house edge is, offering better value to players. Understanding this can help you pick the best value games with the highest chance of payouts. You can find information about RTP and house edge by reading a game’s rules before playing.
When placing sports bets, you must understand the odds of winning your bets. You can review the odds before making your selection. Remember that long odds (such as those offered on parlays and same game multi-bets) are long for a reason.
You should always consider the odds you’re given before placing a wager, and if you feel they are too long, it’s a good idea to consider a different bet.
Setting Betting Limits
To help you manage your online bankroll while betting, you can set betting limits at Stake.com. It’s entirely up to you how much to deposit into your account in the first instance, and you can activate a spending limit to restrict the amount of funds you can actually add to your account.
You can restrict how much you bet on each game or on a sports bet, helping you to remain in control as you make your selections. Additionally, you can set loss limits, which enables you to set a limit on the amount you can afford to lose over a period of time.
Establishing safe limits is crucial in any responsible gambling strategy and will help you spend within your means as you bet at Stake.com.
Self-Exclusion
You may want to take a complete break from betting on Stake.com for a set period of time. This self-exclusion tool can lock you from logging in to your account from 6 months, up to 5 years.
See full details about Stake Smart to learn more about wager, loss, and other betting limits when using our platform in a safe and secure manner.
Knowing the Signs of Problem Gambling
Though every person is different, here are some signs of problem gambling to look out for:
Being unable to manage the impulsive urge to place bets, even when the odds are stacked against you.
Increasing the amount that you gamble to try and recoup previous losses.
Concealing the amount that you are betting from friends and family members.
Spending an unrealistic amount of time on gambling sites, at the detriment of your personal and social life.
Ignoring responsibilities to place bets when you should be doing other things.
Some people experience physical symptoms like stress, irritability, headaches, and anxiety.
It’s important to recognise these signs and symptoms of problem gambling so you can act before it’s too late. Speak to a family member or friend or contact a responsible gambling helpline to receive help.
We also ask you to utilise the responsible gambling tools at our site to help you stay in control.
How to Deposit Funds Securely
Easily deposit crypto units into your account to play online casino games by following these simple steps:
Step 1 – Retrieve your deposit address, located in Wallet > Deposit.
Step 2 – Choose the method that suits your needs.
Step 3 – Use your deposit address as the ‘send to’ location for your crypto wallet or crypto exchange.
Step 4 (Optional) – If you wish to make a deposit via local currency, you can buy crypto for Stake via Moonpay and Swapped.com.
You can find the full list of available cryptocurrencies, as well as our recommendations and guide for choosing the right coin for you. When you’re ready, you can use fast, easy and reliable platforms such as Moonpay and Swapped.com to buy your chosen crypto.
Stake offers live support to players via our customer support staff for help with issues like depositing and withdrawing units and more.
Learn how to use the Stake Vault to securely store your funds online for all future gameplay at Stake. You can also read our crypto security guide to learn more about keeping your funds safe and secure at Stake.com.
Top Tips, Tricks & Strategies to Gamble Responsibly
Here are some handy tips that will help you gamble responsibly at Stake.com:
Make sure you understand how online casino games work before playing.
You must understand key terms like paylines, RTP, and volatility to gamble responsibly.
Use our budget calculator to work out how much you disposable income you have to play and bet with each month.
Read our blog to find out more about how much you should gamble with and our responsible gambling tips.
Here are some helpful guides that will help you if you’re new to online casino gaming:
The same is true for placing sports bets – refer to our sports betting guide for help with key terms and to understand the odds available better. Given the popularity of in-play sports betting whilst you watch the action live on our platform, you can also check out our guide, which explains the differences between pre-match and live sports betting.
Remember that you are in control of the amount you bet and should always bet within your means. Many of our recommended slots and new game releases allow you to bet as little as 0.05 to get started, so you don’t need to break the bank.
The games at the Stake Casino are provably fair and come from trusted, leading game providers. They use random number generators (RNGs) to determine the outcome of each round of betting, which means that you can win or lose each time you place a bet.
You can access our current promotions and offers to increase your chances of winning big prizes and add bonus funds to your account. You can then use these funds to bet on sports or to play online casino games.
For more exclusive rewards and access to your very own Stake VIP Host, you can become a Stake VIP member! To learn more about how the program works, read our Stake VIP guide.
The bottom line is that it’s crucial to gamble responsibly, as failing to do so can affect your physical and mental well-being and finances. So, set your limits and spend within your means to ensure you enjoy online gambling at Stake.com.
For additional help, feel free to reach out to our customer support team, who are here to assist you whenever you may need it.
