Topic: Credit card gambling fuels gambling addiction - page 13. (Read 1620 times)

I find it strange how some members called the policy of the Australian Government to ban credit card usage in online gambling. They called the move as stupid and even made fun of it. They justify that it decreases the potential taxes to be collected but they didn't realize the effect of gambling on credit to the gambler. Now we see this thread that addresses it.

That's a trap for most people that don't know how to use credit cards. It is not only the gamblers that uses their credit card to fund their casino accounts but also those that keeps on swiping without paying their debt at the right time.

They think that they'll be able to pay it on time so, they're confident to just keep on using their credit cards on any purpose that they like and one of it is in gambling.

It is sort of exaggerated about paying a debt for 12 years but trust me, I've known people that can't even pay their debts for more than that year and even asking for condonation and restructured payment, they still can't. That's why irresponsible usage of it will really put you on greater debt.

Well, this is on the gambler themselves. Whether they have credit card or cash, as long as they have the urge to gamble, they will gamble no matter what. Let's take a look at those gamblers that don't have anything but still want to gamble, they do something to sustain that crave they have for gambling.

Although there are too many perks that one can enjoy by owning a credit card, I choose not to own one since we're free to apply for it and the bank will just have to release it then.

I've just seen it from others that when they have it, they're like unstoppable spenders whether it's for gambling or other things they want.

I feel like using credit cards in general fuels spending sprees. For many years I opted not to apply and to accept bank credit cards until a friend offered me to use a card which is both my passbook card and at the same time can be used as a credit card. I am a thrifty person so I seldom use its credit card feature. Personally, it is just so easy to buy anything online or at the malls once you are using a credit card instead of budgeting the available cash in your pocket. So how much more when someone uses it to gamble. The urge to continue playing and the mindset that its interest is just a little like around 3% monthly but in reality, it is higher than a regular bank loan.

The credit cards have limits and despite they may be the first option for many to fuel their gambling desire they are not infinite and the money there ends,sure people keep being in debt because as soon as they receive the new payroll the next month they pay a certain amount of it to only have it available to spend on whatever they like.This depends solely on the person but we know most people who gamble in FIAT casinos use this form as their primary mean of payment and this unfortunately cannot be stopped.

I am lucky to have set a small limit on my credit card so even if I want to gamble with it I can't gamble a lot of money,I like being free though and I only play in crypto casinos because of their flexibility in everything.

Well, as long the credit-card can be use for gambling activity / withdraw to raw cash. This case still happening, but company is always chasing profit they don't care about what purpose you are gonna to use the fund & user should responbility of them self. It's hard, but the reality is just like that even we all know a perfect system to prevent this (user are still gonna to find the way to use the fund for gambling).

People who have been blessed with some kind of opportunity always misuse it. This is just common in some parts of the world, where the government tries as much as they can to make things easier for their citizens in order for them to live a stress-free life and make things easier for them to survive in the economic situation of their country.
 
But it's really saddening and heartbreaking to see how most people use their credit card eligibility loan to gamble their lives out. Ordinarily, I don't support taking money from someone just to gamble a single game, which the person might not require you to pay back with interest. Talk more about using one's credit card to acquire a loan and using that same loan to bet on a gambling platform.

This is really annoying because this kind of debt repayment is always painful since the person does not use the money for anything useful, but they use it all for gambling rather than investing those funds in things useful, and they can use their earnings to gamble and try out their luck if they can win some free money.
 
@MainIbem Even though our country doesn't give us such opportunities to take loans directly from our cards (we don't have much of a credit card active here in our country), there are still some loan apps that most gamblers still take loans from and use those funds to gamble, something of which they are not entirely sure of the outcome yet will borrow to do it.
 
 
 

Other countries have probably already banned it, with the latest being Australia.

Australia publishes legislation to enact credit card gambling ban

For me, it's not the credit card system that should be blamed; it's always on the gambler. Actually, not all gamblers who use credit cards are addicted to gambling. I think only a few are addicted, so with the ban, it will sacrifice those who are responsible. It's not fair in my opinion.

I really appreciate my country for not implementing that to her citizens because if that was allowed i can't even imagine how the people in the country could had cope to finished up their debts, credit card isn't only applicable to people gambling but also shopping. People who goes for shopping might shop above their expected wages or salaries per say but would depends upon their next month payment or salaries to be deducted through there which is a very bad habits compared to gamblers, and one thing about gambling is that it has a very bad spirits or habits whereby whenever you funds your accounts and its happens that the funds were sweeps off you don't have any other options to funds back using credit card on other to recover the previous lost funds by so doing they are involving themselves in serious debt whereby it could be very difficult to payback.

I don't know how deep the debt on credit card gambling is today until I do my own research and mehn, and it's very sad, many people are in debt because they keep using their credit cards to fund their gambling hunger.

Imagine someone you know telling you that it will take him 12 years to pay off his debt, I now know why few countries don't want their citizens to gamble using their credit cards,  betting on credit cards has left too many people in thousands of debt.

Which makes me think that Credit card is far more helping to fuel gambling addiction more than anything else, you don't actually have the money, but you can still gamble, this alone will make people to lose their minds and gamble anyhow.

I'm glad I don't even like using Credit cards for gambling and my reason isn't even because of possible reckless gambling but because I don't like centralized payment solutions, you should stay away from using Credit card to gamble online, it sure would easily throw you out in the street, homeless.