As currency trading has grown in popularity, so too has the need to be informed of forex-trading/” title=”Responsible Gambling Counseling: A Guide to Safe Forex Trading”>responsible gambling practices. With the vast amount of available information on the web, it can be difficult to determine the trustworthy sources. This article discusses the importance of understanding responsible gambling information when it comes to forex, and provides important tips on how to follow responsible practices.
What is Responsible Gambling?
Responsible gambling is the practice of making informed decisions and playing games within a controlled environment in order to preserve self-control and not fall into a gambling addiction. It includes being aware of personal finances and gambling limits, being informed about the house edge, using self-exclusion services, and seeking support for problem gambling. Responsible gambling also seeks to provide consumers with more information and advice about the risks of gambling, so that gamblers can make informed decisions about their activity.
IGRG: The Industry Group for Responsible Gambling
The Industry Group for Responsible Gambling (IGRG) was formed in 2011 to promote responsible gambling across the industry and across the UK. The IGRG works with the Gambling Commission, the independent body that regulates gambling in Great Britain, to ensure the safety of gamblers and ultimately improve the industry’s reputation. The IGRG has four responsibilities to the consumer: promoting product information, enabling informed choice, reducing gambling harms, and providing information on problem gambling.
How Does Responsible Gambling Work?
Responsible gambling works by making sure that gamblers are equipped with the information they need to make an informed decision. This information includes general facts about the house edge, information about the wide range of payment methods available, and advice on self-exclusion and problem gambling. The IGRG promotes the widespread use of messaging that encourages careful play and responsible gaming.
Many casinos are signed up to the IGRG’s Responsible Gambling Codes of Practice, which contain commitments on topics such as advertising, responsible gambling information, customer assistance and self-exclusion. This means that casino customers can be confident that they are playing in a safe and secure environment. Additionally, the IGRG ensures that online operators make their product information accessible to consumers, so that they can make decisions based on reliable information.
The NCPG Internet Responsible Gambling Standards (IRGS) also provide guidance on policies, processes and key performance indicators to improve the responsible gambling environment. These standards cover 39 different policies and nine distinct topics, from customer loyalty programs to game disruption protections. It is clear that the responsible gambling industry is committed to providing consumers with the tools they need to make informed, safe choices about their gaming activities.
Responsible gambling messages are also becoming more prevalent in game play, with products such as Responsible Gambling Tools offering automated gaming, a break in gaming, game-time reminders, and more. Such responsible gambling tools have been in use since 2017 and are becoming more widely used, providing gamblers with the information they need to make safe choices.
By providing consumers with information, tools and guidance, the responsible gambling industry is ensuring that gambling is a fun and controlled activity. Consumers can be sure that they are playing in a safe, informed environment, and have access to the information and tools they need to play smart.