- How does my Deposit Limit work?
What is a Deposit Limit?
Sportsbet allows you to set a personal deposit limit.
Deposit limits can be set for a 24 hour, weekly or 28 day period.
The 24 hour limit means that exactly 24 hours must elapse from when you hit the deposit limit until you can deposit again. A weekly deposit limit refers to the amount you can deposit in any consecutive seven day period.
What are the benefits of a deposit limit?
A deposit limit helps you to set a budget and control the amount of money deposited from your personal funds that you can afford to lose. It also helps you to gamble with money set aside only for gambling and not for other bills to help you continue to gamble responsibly.
How does my Deposit Limit work?
Note: Once you set a deposit limit, you will be unable to make any changes to the combination of dollar limit and frequency during your limit time frame.
Take a look at the examples below to get an idea of how your Deposit Limit will work.
Important!
Cancelled withdrawals do not count toward your deposit limit.
Example 1: You reach your Deposit Limit
Deposit Limit : $1000
Time Frame: 28 Days
- Week 1: $400 is Deposited
- Week 2: $500 is Deposited
- Week 3: $100 is Deposited
- Week 4: You are unable to Deposit as your limit has been reached.
|
Deposit Limit
|
Total Deposits
|
Running Total
|
|
| Days 1-7 |
$1000
|
$400
|
$400
|
| Days 8-14 |
$500
|
$900
|
|
| Days 15-21 |
$100
|
$1000 (limit)
|
|
| Days 22-28 |
Unable to deposit (Limit Reached)
|
Unable to deposit (Limit Reached)
|
Example 2: You decrease your Deposit Limit during the Limit period
Deposit Limit: Initially $500, then $400
Time Frame: 7 Days
- Monday: $150 is Deposited
- Tuesday: $150 is Deposited
- Wednesday: $100 is Deposited
- Thursday: The limit was changed to $400
Because you've already Deposited a total of $400, you won't be able to make any more contributions until the Limit period is over.
|
Deposit Limit
|
Deposits
|
Running Total
|
|
| Mon |
$500
|
$150
|
$150
|
| Tues |
$150
|
$300
|
|
| Wed |
$100
|
$400
|
|
| Thur |
$400 (limit)
|
Limit Reached
|
Limit Reached
|
| Fri |
Limit Reached
|
Limit Reached
|
|
| Sat |
Limit Reached
|
Limit Reached
|
|
| Sun |
Limit Reached
|
Limit Reached
|
Submit Feedback