How to beat the proposed daily limits on the cards for UK based players
Members of Parliament in the United Kingdom are urging online casinos and sportsbooks to set a temporary cap on all bets to £50 per day. This is because the current worldwide health pandemic has forced the world to stay indoors and the government is concerned that betters will wager beyond their budget due to stress, boredom and little else to do at home. Read our article and find out how you can place minimum bets to extend gaming time, learn the difference between coin value vs bet value and play at minimum deposit casinos for low budget online gambling. Keep reading and find out more.
| Proposed Daily Limits for |
| Online Casino | £50 a Day |
| Online Sportsbooks | £50 a Day |
£50 Daily Betting Limit at UK Casinos and Sportsbooks
Labour’s Carolyn Harris, the Conservatives’ Iain Duncan Smith, and SNP MP Ronnie Cowan sent a letter to the Betting & Gaming Council to address these and other concerns. The letter encourages operators to focus on making sure their clients don’t overbet and develop a potential gambling problem. The letter suggested a self-imposed limit of £50 a day for every gambler.
The current worldwide health pandemic has resulted in major sports and racing events to be cancelled. The Premier League and Grand National have been suspended and to fill the gap, many gambling operators are promoting international sporting events like the computer-generated virtual sports, and online casino games. Online sportsbooks such as William Hill, Betway and MansionBet have sent their client some suggestions on which other sports they can wager on and this included table tennis, Japanese baseball and virtual events where clients can place wagers on computer-generated football matches. Another sports betting company 32Red advised its clients to participate more in their online casino games.
MPs of a cross-party group have expressed their concern to the Betting & Gaming Council (BGC) about the impact of these gambling offers may have and have expressed concern that as we go deeper into this crisis, people will turn to online gambling as a distraction. In their effort to reduce the gambling addiction risks, they proposed that online gamblers should self-impose a daily limit of £50.
Placing minimum bets will allow you to extend your game time
Minimum and maximum bets are the highest and lowest wagers a player can place on any casino game. With the new proposed daily limits for online casino gambling in the UK, players will have to adopt new ways to enjoy their favourite slots and table games. This includes placing minimum bets to extend gambling time and adopting little tricks to help increase the bankroll. Penny slots offer the lowest bets per line but the more modern multi-line video slots require higher bets and with the risk of reaching the new daily limit of £50 in no time, a good tip to extend your gambling time is to play lower stakes. With the slots, this means betting lower per payline while for the table games, it means playing games with a lower house edge. Games like Craps, Baccarat, Blackjack and Video Poker offer a lower house edge and will extend gambling time considerably.
What is the Difference between Coin value and Bet Value
You’ve decided to play the perfect slot game, it looks exciting and the theme interests you. You get comfortable and are anxious to start spinning the reels, but what to do with those buttons? There’s a button for Bet Level and one for Coin Value, and each has a different purpose, but both can be controlled. You can choose what your Coin Value is and then decide on the Bet Level. By adjusting the Coin Value and the Bet Level, you will control the wager for every spin.
Coin Value is the actual value of the coin. For example, if we are playing 25 paylines of a video slot game, and you set your Coin Value at 1c per payline, then this means that your total bet per spin will be 25c. However, if you are playing 20c per payline, then your total bet will be £5 per spin. Bet Level, on the other hand, is simply how many coins per payline you are betting. Bet Level has confused many online players, but it is quite simple to understand. Your total bet per spin will be the number of paylines you decide to play multiplied by the Coin Value, multiplied by the Bet Level.
Withdrawal Times
As an average, online casinos will take from 2 to 3 business days to process your withdrawal request and in that time, you will be allowed to cancel the request. Withdrawal times vary depending on the casino banking method you have chosen to use for the withdrawal. For credit and debit cards and bank transfers, bank on between 3-6 business days for the funds to become available in your account while eWallets are much faster, between 1-3 days and often even faster than that.