What is a deposit limit?
Betfair allows you to set a personal deposit limit which helps you control how much you can deposit in for a set period. This can be daily, weekly, or monthly.
Deposit Limits can help you manage your spending if you ensure you set responsible limits which indicate funds which you can afford to lose.
For customers based in the United Kingdom, If you wish to decrease your limit you can do this at any time, and it will be effective immediately. To increase your limit however, it will take 24 hours to take effect on your account.
After this 24-hour period you will be asked to confirm the change on logging in.
How to set a Deposit Limit
Step 1. From the top right of the page select 'My Account' and then 'Safer Gambling Tools' from the drop down.
Step 2. Select Set your Deposit Limit underneath Available tools.
Step 3. Select your frequency “Daily, Weekly or Monthly” and enter your Deposit Limit & 'Set Deposit Limit' and “Confirm” to apply your changes.
How are Deposit Limits calculated?
Your Deposit Limit is based on your net position. This is your deposits minus your withdrawals. For example:
You have set a £100 per week limit.
- You deposit £50 on Monday.
- You withdraw £100 on Tuesday.
- £100 (Deposit Limit) – £50 (Deposits) + £100 (Withdrawals)= £150 available to deposit for the rest of the week
When do Deposit Limits reset?
Deposit Limits works on a set time-period.
Daily limits reset at 00:00 each day.
Weekly limits reset every Monday at 00:00
Monthly limits reset on the first of the month at 00:00
Does my deposit limit carry across to Betfair/Sky Bet?
Please be aware that if you apply any safer gambling tool to your Betfair account it will not automatically apply to any account within the Flutter Family of brands (Paddy Power, Sky Betting & Gaming & Pokerstars). If you wish to set a safer gambling tool you can do so by contacting each brand below.
Paddy Power: https://helpcenter.paddypower.com/app/home/p/6
Carry out a Self-Assessment
Concerned about your habits? You can find out how safe your gambling is via GamCare. In an online assessment, you’ll be asked a series of statements about your gambling behaviour on a scale of 1 - 10. At the end, you’ll be provided with a breakdown of how gambling is affecting your life, alongside personal recommendations for your next steps.
Take a self-assessment
To learn more about our Safer Gambling tools, click here.