What is the automatic withdrawal threshold?

Learn to set an auto withdrawal threshold

In sports betting, the withdrawal threshold is a limit that, once reached, automatically initiates the transfer of winnings from your betting account to your bank account. What is this system? What are its advantages? How are the automatic withdrawal limits set? In this article, we’ll lay out the most important features of this useful tool, which can be a great asset for your sports betting.

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How does the automatic withdrawal threshold work?

The withdrawal threshold is quite simple to understand. First, you must determine what the amount is that you are comfortable with being automatically withdrawn. If you’re familiar with the term “stop-loss” (i.e. the threshold of funds lost which results in the stoppage of further bets) you can think of this as the opposite of that, a “stop-win” if you will. While perhaps not as intuitive and applicable as a stop-loss, the automatic withdrawal threshold can still be incredibly beneficial to the user. The main advantage that it provides is that it allows the bettor to play with peace of mind, knowing that their winnings are safe should they hit a hot streak. This ultimately allows for more responsible gambling as it eliminates some negative betting habits that some players might experience even when winning.

For example, say you decide to set this limit at €400 in your player account settings. You may view this amount as a significant sum of money and one that would cause you to feel extremely discouraged, and potentially gamble compulsively, should you go on to lose it back.
The process is generally the same across all online bookmakers for setting betting limits. Once you log in to your account, you must go to the section dedicated to the game settings and then to the "Game limits" tab. Here, you will find the limits that you can customize, all in just a few clicks.
This option is highly recommended as it serves to generate a much safer and more prudent game, avoiding an excessive attitude in betting.
If you need more details, you can consult the customer service option that each site provides. In addition, you have at your disposal our fact sheet on each bookmaker, which you can view at any time.

The usefulness of the "Amount to keep in account" option

As we already pointed out, the withdrawal threshold is established by settling on an amount that functions as a limit, from which an automatic transfer is then made. However, you also have more options to consider and analyze carefully.

When you set your automatic withdrawal threshold, you must also enter an "Amount to keep in the account". In simple terms, this is the amount of money left in your player account after an automatic transfer is carried out.

Going back to the example above, let's imagine that the automatic withdrawal threshold is €400 and your choice of "Amount to keep in account" is €0. In this case, when your winnings reach €400, the entire amount will be transferred to your bank account, resulting in no funds remaining in your player account.

Now, if you prefer to keep something in your account, this is where you must enter that amount. For example, if it is €100, then only €300 will be automatically transferred to your bank account out of the €400 set in the withdrawal threshold. This is certainly a very useful feature, especially for those players who bet frequently.

It allows for a more measured and balanced approach while also keeping the door open to play again at another time. This should help lead to a more pleasant betting experience.

What are the advantages of the withdrawal threshold?

The withdrawal threshold is an important option for sportsbooks as it encourages responsible gambling, functioning as a tool for self-control in betting. Having a safeguard in place that allows you to protect your winnings helps to limit those bettors who may become irresponsible with their wagering tendencies.

Let's suppose that you are on a winning streak and have been successful in several Premier League matches. You’ve achieved a considerable sum through effectively placing bets on a number of different betting markets such as 1x2, Over/Under, individual goalscorers, BTTS, correct score, etc.

However, you suffer a setback in a matchday with games that do not go as you thought they would. Then, this negative streak snowballs and you lose again, placing you on tilt where you recklessly gamble away all that you had previously won and even depleting your initial bankroll.

A withdrawal threshold would have been the perfect way to avoid the above situation, as once you had reached your specified amount, you would have automatically had the funds transferred to your bank account. This would have allowed you to guarantee yourself some profit, while still being able to continue playing by using the “Amount to keep in account” option that we previously mentioned.

If you believe you might be susceptible to the above type of scenario, or if you identify with the need to “double-or-nothing” your winnings, then perhaps taking advantage of the withdrawal threshold option is the right idea. You may well be thankful in the long run that you opted to be proactive in this sense.

An option to bet responsibly and with moderation!

The automatic withdrawal threshold is a tool that is highly recommended. Most importantly, it encourages safer and more responsible gambling, which should always be a priority in sports betting. The fact is that anybody can be prone to a bad moment, no matter how disciplined they previously may prove to be. While stop-losses or loss-limits might be more commonly discussed, there is certainly a place for ensuring that bettors have the ability to guarantee themselves profits. The withdrawal threshold is simply another responsible gambling tool that ensures all bettors go home happy at the end of the day.

What is the automatic withdrawal threshold?

Table of contents

How does the automatic withdrawal threshold work?

The usefulness of the "Amount to keep in account" option

What are the advantages of the withdrawal threshold?

An option to bet responsibly and with moderation!

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