IPL betting and all other types of sports wagering can be addictive and harmful. As a safe and reliable brand, we at IPL-bet.in are making sure to guide our readers to responsible betting practices. This is the only safe way for Indian punters to engage with IPL gambling.
Now, these approaches have nothing to do with the legality of betting on IPL matches. It’s totally legal and safe to wager on such events on this page. When talking about responsible gambling, we mean the way a player engages with IPL betting. This goes in terms of overspending and losing touch with reality.
How to Identify if You Have a Betting Problem?
The most important thing to do when actively betting on IPL matches is to know when to stop. Some Indian punters won’t notice when they go from a comfortable and fun experience to a harmful one. To see if you’re becoming addicted, we urge you to answer these simple questions:
- Are you gambling at the expense of personal, professional or social commitments?
- Do you feel the need to get back your betting losses?
- Do you have an urge to gamble at odd hours?
- Are you constantly thinking about betting?
- Do you feel inclined to steal or lie in order to continue your betting habits?
- Are you ignoring important aspects of your life due to betting?
- Have you ever had an urge to get your losses back and proceed with betting?
- Have you lied to others about your betting habits?
- Have you ever sold possessions or borrowed money to continue your betting hobby?
- Do you gamble above your means and what you can realistically afford?
After answering these questions, you’ll be able to identify if you’re having an IPL betting problem or not. We recommend taking these signals very seriously and start dealing with gambling issues immediately.
Using Responsible Betting Tools
Apart from taking our self-assessment quiz, we also suggest using some other responsible betting tools. Each of them can help you lower and avoid betting addiction and harm. Below we’ll mention and briefly describe the most useful tools.
Deposit Limits
Setting deposit limits will help you control how much you spend on IPL betting. All you have to do is set a limitation that works best with your budget. This tool allows you to be in charge of how much you spend.
Loss Limit
The loss limit tool sets a restriction on the maximum amount you can lose on IPL betting. This limitation usually applies to the money you lose within 24 hours. But, you can also set a limit on a longer period.
Take a Break
This responsible betting tool gives you a choice to suspend your account for a certain period of time. Most players choose to take a break of up to 30 days. During this period, you won’t be able to access your account and start betting on IPL.
Self-Exclusion
The self-exclusion tool is somewhat similar to the previous one as it too blocks you from accessing your account. However, this allows you to stay away from the dangerous hobby for a longer period of time. Some Indian bettors choose to self-exclude for at least 6 months.
How to Deal With Betting Addiction?
If you determine that you’re having a betting addiction, then there are a few things you can do. These are tested methods approved by operators, regulators, and independent organisations worldwide. Here’s how to deal with your IPL betting addiction:
- Locate and use a helpline – There are numerous phone helplines that operate in India. Here, you get to speak with professionals who can assist you in recovering from betting addiction. During the process, you remain anonymous, which suits most punters who seek help.
- Sign up for a support group – Such groups can be of serious help at a period when you’re in need of emotional support the most. You get to work together with individuals who experience the same or similar harm. But, this isn’t a very common way of dealing, as most addicted bettors want to remain anonymous.
- Become a sponsor – Some Indian punters find it easier to battle betting addiction by helping others. This action comes with an added responsibility and can have a great impact on the person and the others he/she helps. Statistically speaking, sponsors are less likely to bet as they see it highly rewarding to help other addicted individuals.
- Contact an independent organisation – There are many great independent organisations that help Indian punters who experience betting addiction. Some of the best institutions that you can contact are GamCare, BeGambleAware, and Responsible Gambling Council. You can reach out to them via phone or email. Some of them may even have a live chat on their website.
Tips for Betting Responsibly
We’ve decided to construct a list of tips that can help you avoid dealing with betting addiction and harm. Here’s what you need to know:
- Don’t engage with IPL betting as a way of making money. Look at this gambling activity only as pastime entertainment.
- Set a budget and stick to it at all times. This way, you won’t go over your limits and spend money you cannot afford to lose.
- Use responsible gambling tools such as deposit and loss limits. They can help you avoid overspending and losing additional funds.
- Take a break from time to time. Betting on continuously without resting can have a serious impact on your judgement and increase the risk of addiction.
- Never bet when you’re feeling depressed and upset. During such a mental state, we urge you to speak with your family and friends or contact a support organisation.
- You should focus on doing other stuff apart from betting. This approach will help you maintain a well-balanced lifestyle.
- Avoid chasing losses as you risk spending even more money. Sometimes you may even end up using funds you cannot afford to lose.
- Never consume alcohol or drugs when placing sports bets. These harmful substances will make you lose control and spend funds without thinking.