Yearly Loss Limit
Every player is automatically covered by our Yearly Loss Limit. This limit means that no player can lose more than 200 000 kr in a calendar year. The limit for players between 18-24 year is 100 000 kr. The Yearly Loss Limit is shared between Speedy Bet and Speedy Casino.
EXAMPLE: YEARLY LOSS LIMIT STATUS
- Total stakes: 100 000 kr
- Total wins: 75 000 kr
- Total loss: 25 000 kr
Amount remaining to your Yearly Loss Limit: 175 000 kr
How are losses calculated?
Profit or loss is calculated as stakes minus winnings.
- The measurement continues automatically during each calendar year (1 January - 31 December).
- The Yearly Loss Limit is reset on 1 January.
What happens if a player reaches the Yearly Loss Limit?
Once a player reaches the 200 000 kr/100 000 kr limit they are blocked from playing until the next calendar year.
- If this happens during a game, an error message will appear and the game will stop.
- A player who has reached the limit is still able to withdraw money from their gaming account.
Why is the yearly loss limit lower for young players?
Research shows that young players are at greater risk of developing a gambling problem. Therefore, we have chosen to halve the yearly loss limit for our young players.
Is it possible to avoid reaching the Yearly Loss Limit?
We make no exceptions to our Yearly Loss Limit. However, all players can limit their potential losses by using our Loss Limit tool to set daily, weekly and/or monthly limits. We advise that our players make a careful assessment of their own financial situation in order to set realistic limits that will be effective for them.
Get in touch with us if you have further questions.