Hi guys! I have a daily loss limit of 100 NOK and I tried to bet 50 000 NOK in live black jack and my bet got accepted . Can the casino claim the win back? Or if I had lost could I claim my money back?
You have a daily loss limit of the equivalent of €10, and you bet €5,000? We're you over your loss limit at the point you bet?
A loss limit only comes in to play on the bet AFTER you break the limit. So if the bet will take you over your limit it won't stop you placing the bet - it will only stop you placing the first bet AFTER you broke your loss limit.
Does that make sense?
You have a daily loss limit of the equivalent of €10, and you bet €5,000? We're you over your loss limit at the point you bet?
A loss limit only comes in to play on the bet AFTER you break the limit. So if the bet will take you over your limit it won't stop you placing the bet - it will only stop you placing the first bet AFTER you broke your loss limit.
Does that make sense?
Ahh okay now I get you. But when I placed the bet, the bet is more then my limit of 100 NOK. But I get what your saying, after that bet no matter how much it is I can’t place another...At the point you made the bet, you weren't over your loss limit so of course you keep any winnings.
If you had lost the bet, you would not be able to bet any longer until your loss limit resets in however many days you have chosen...
Ahh okay now I get you. But when I placed the bet, the bet is more then my limit of 100 NOK. But I get what your saying, after that bet no matter how much it is I can’t place another...
That is not really the case. A casino should not allow any bets over your loss limit.
That is not really the case. A casino should not allow any bets over your loss limit.
Incorrect - the reason is that until the bet is settled, you haven't lost. Therefore the loss limit is not breached.
The document you want to read is the following - RTS 12 (Page 25).
Old / Expired Link
That doesn't mean the casino can't decide not to accept the bet, but legally they have done nothing wrong.
Incorrect - the reason is that until the bet is settled, you haven't lost. Therefore the loss limit is not breached.
The document you want to read is the following - RTS 12 (Page 25).
Old / Expired Link
That doesn't mean the casino can't decide not to accept the bet, but legally they have done nothing wrong.
Incorrect - the reason is that until the bet is settled, you haven't lost. Therefore the loss limit is not breached.
The document you want to read is the following - RTS 12 (Page 25).
Old / Expired Link
That doesn't mean the casino can't decide not to accept the bet, but legally they have done nothing wrong.
Incorrect - the reason is that until the bet is settled, you haven't lost. Therefore the loss limit is not breached.
The document you want to read is the following - RTS 12 (Page 25).
Old / Expired Link
That doesn't mean the casino can't decide not to accept the bet, but legally they have done nothing wrong.
In Malta they would have done it wrong and this is not a UK player.
Reading what you refer to dont say what you are saying?
Please copy the part where the casino can take a bet of 50000 eur if loss limit is 10 eur?
No but my first bet was 50 000 NOK not 100 and builder up to 50kI think that you are mixing-up bet and loss limit.
- Bet limit - maximum bet size you can place for one single bet
- Daily Loss Limit - maximum net amount you can lose in one day. E.g. you deposit NOK100, lose it and you are done. But if you win NOK4,900, bringing your balance to NOK5,000, you can bet then NOK5,000 without breaching your daily loss limit.
It is best to set up a daily loss limit and a maximum bet limit. That way you avoid not just higher losses by also doing big bets.
Hope I explained it well.
No but my first bet was 50 000 NOK not 100 and builder up to 50k
Side note: I managed to win it all back though