Limits can be set via the settings page on Smarkets. Stake limits allow you to limit your maximum stake per bet. This restricts the amount of money you can lose to control your gambling.įind out more about how loss limits work here. The limit can be set over a period of one day, one week, one month, or one year. Loss limits allow you to limit the amount of money you can lose over a given period. This restricts the amount of money entering your account before you gamble. The weekly, monthly, and yearly limits will reset every 7, 31, and 365 days respectively after they were set and will therefore not always follow calendar weeks, months, or years. Net deposit limits also take into account withdrawals made during the limitation period and adding this amount back to the available limit, whereas gross limits do not. Deposit limits can be either 'Net' or 'Gross'. The amount can be set over a period of one day, one week, or one month. Deposit Limitsĭeposit limits allow you to control the amount of money you can deposit into your account. “It’s in everyone’s interests to have a credible, properly funded regulator who can work constructively with the industry,” he said.You can set Deposit, Loss, and Stake limits on Smarkets. The government is updating its gambling bill, which was approved in 2013, to establish an independent regulator and cover online gambling and social media advertising. Paddy Power Betfair has also reiterated its call for the Irish government to establish an independent regulator.Īccording to the Irish Times, James Midmer, head of communications, said the company wanted the delayed Gambling Control Bill to be introduced “at the earliest opportunity”. “Gamblers have a distorted view of how much they have bet and how much they have lost or won over time, so any information that helps address that is to be welcomed,” Dr O’Gara said.

The company said: “We want betting with Paddy Power to be an enjoyable and positive experience for all our customers.”Īccording to the Irish Times, Colin O’Gara, a consultant psychiatrist and head of addiction services at Saint John of God Hospital in Dublin, said that giving information about losses could help stop addictions. Paddy Power’s website now includes account history, deposit limits, reality checks and loss limits. They can also set daily, weekly and monthly limits on their stakes. The company, according to the Irish Times newspaper, has announced the introduction of tools on its website that let customers limit how much they can lose over time. Paddy Power Betfair is to add new tools to its websites to offer assistance to problem gamblers.

Paddy power deposit limit