Topic: Credit card gambling fuels gambling addiction - page 4. (Read 1798 times)

In fairness, credit card are for emergency situation or problems that arises when you don't have funds available to counter the problem, this is where credit card helps but an addicted gambler that always look for a fast opportunity to have money to bet, credit card is the next thing that comes to their mind. Why have such a poor mentality that you are going to be financially stable if they borrow money from their banks; that's a worst mistake any gambler should ever think in their life because it doesn't usually end well.

Credit cards are like taking loan and banks are very smart before they issue you one, you must be a regular income earner, you will have more deposit in your accounts than withdrawal, so when gambler use their credit card for gambling, it's the gambler that suffer it the most because when a gambler borrow money to play, any money that comes to the account will be drain in milli seconds because you can't outsmart the banks.

You are correct, that's why most times those loaning app do requires account statement from their borrowers to allow them take loan. There reasons are to know whether those taking are capable of repaying back their loans if actually such persons do received enough money before the month runs out, but believe me or not anyone who knows that their reason is to gamble with loan they wouldn't release it to them because there are no assurance that shows such person could be able to repay back the loan all less they had another alternative to repay. While some of them needs a guarantor that could guaranteed them if they couldn't pay back their loans at the stipulated time.

Many people not understand the fact,the credit card will make us the debt holding person.Once the people get the loan,then he will get the habit of getting the continuous loan using their credit card.The percentage of the interest for the credit card will be huge after the certain period of time.So mostly the gambler should not used the credit card to play the game.It’s better to use the free money in the gambling or use the certain percentage of income in the gambling.Personally I don’t support the use of credit cards at any point.

How many gamblers make use of the credit card to gamble, using this is not a ground for gambling addiction, since you can make decisions on any other means to follow and use in gambling, gambling addiction is what we should individually deals with and control our personal behaviours towards gambling and the kind of lifestyle we've chosen as being a gambler, all these should be in consideration towards gambling and we must ensure to have the best experience with gambling and not relating it to other things leading to our addiction.

This is true facts not going to lie. I have heard people gamble using their properties and everything. So people gambling with credit card is not a big surprise. But the harm it can do is unimaginable. People think that banks are their friends. They can get loan not even asking anyone. And the banks have made it so easy to use that people always forget what it could do. The more loan you take the worst situation you get in. Once you are in a debt, it is really hard to get out.
And if you combine that with gambling, Man that's rough. The idea of credit card itself is bad. Gamble responsibly with a budget in your hand and you should never go over the budget. I think following the basic rule of gambling is the way to avoid getting addicted and people should practice that.

I think digital money has a different discipline approach as compared to fiat because if you were gambling with bands of money and are now left with a few leaves of paper you will know how reckless you were , unlike where your bank allows you to be in the negative but still have money to spend this breeds carelesness..

Financial jail and it's only in the world of fiat where you get to find this kind of stuff, but then again I wouldn't blame them because credit allocation goes with the capacity to service the loan and the credit score will give all these numbers if a user can pay it back! I guess this is a disadvantage and advantage in accessing finances otherwise with crypto it's either you have or you don't.

Let not the few bad apples make access to finance sound like a bad program, there are plenty of undocumented success stories that have come from the use of credit facilities, and anybody gambling to the extent of getting themselves into debt needs help and casinos also owe players this duty to prevent them falling into the addiction phase.

I think there's a difference between the perspective of gambling addict and people who have a good self control. We as people who have a good self control already know if the house always win since we have an evidence about the calculation.

While those gambling addict might think only other people are lose and have a bad luck, while themselves aren't and will make money through gambling.

You've hit the jackpot with that observation! (Not as gamblers expect, right?) It's strange how a credit card might save you in gambling. Swipe, swipe, swipe, and you dive into debt. Aren't thoughts like "Just one more bet, and I'll win it all back!" amusing (not really)? Who are we kidding?

Gambling borrowed money? That's disaster-prone. Like filling a bottomless pit. The saddest part? The realization comes after the damage. Why do we assume we can beat the system? Don't you know the house always wins? As you noted, responsibility is what matters. You pay for play. Simply put. Why not start smart?

Credit cards are a bridge for someone to get into debt instantly, this is what makes it easier for people to gamble nowadays because of the ease and fast transaction process, but most people use them incorrectly, thinking they can return the money borrowed from gambling, but in fact they have to pay out of cash. other things, that's why it's not recommended to gamble with debt, especially using a credit card.

Use money that is truly unused and ready to be lost so that it is easier to get used to avoiding debt, don't be a gambler who has a poor mentality where you have to use any means to get money from gambling, remind once again that gambling is not a place or source of permanent income. can give everyone money, gambling has a very high risk for gamblers to lose their money. There are enough cases of people committing suicide because they are in debt due to gambling.

Exactly. A gambler won't notice that he/she is already drowning in debt because of the losses in gambling. It's convenient to have credit card but if you're going to use it in gambling that's a big mistake. It can really fuel the addiction since it's your resort to sustain your gambling habit. Then, will only realize the debt after you're slap of the reality that you made a huge losses and already reach your credit card limit.

What sad is, this happened due to lack of control, thinking you can somehow win and repay the debt. The reason why it's not advisable to borrow money just to feed your eagerness to gamble. Regardless how you spend the money, in the end you have the responsibility to repay what you owe.

    -   That's the only disadvantage of having a credit card, because any gambler who has a credit card that is used to gamble will be really tempted to gamble. Because he will think as if he never runs out of money.

But he doesn't know that while he loses often in gambling, he won't notice that he will gradually reach the credit limit of his credit card, and when that happens, his suffering will start in paying off his credit card debt for sure. Which is not the beautiful one anymore? So it is still better and better to gamble without a credit card being used by a gambler.

Any addiction regardless of how wealthy a person can be is a just a disaster waiting to happen, and credit cards only make this even worse, as a person will not only lose the money they had but now they will even lose money they do not have.

However even if credit card companies are taking the step to forbid their cards for this use, there is nothing stopping such a person to make a cash withdrawal from their credit card and then use that money to fuel their addiction, so unless banks really go through the trouble of profiling a person and find out they have suffered an addiction on the past, they will always have the chance to use credit cards on this way.

Compulsive gamblers will play wherever the source of the money comes from, credit card is  big temptation for gamblers to gamble because its a money that is available anytime and you're paying it on installment basis so having a card really fuel the addiction but its not the credit card to blame but the gambler's lack of control on the way they gamble.

Credit card and compulsive gambling are dangerous combination for a man to lose his fortune, credit companies will get everything you have for them to pay you and may even temp you to increase your credit limit to sustain your addiction, that means more profit for them.

Do you know that, even if the government add a restriction on the use of the card, that’s for the card not to be accessible especially for the ones who are to spend from the loan account is being restricted they can still be able to use that card for gambling even if it’s not directly but their will still be a way.

Since it’s a loan that has been offer to the person, they can make use of that card and make some purchase in other stores either online or offline shop and request for some cash back which they can later deposit in their other account that’s if where they want to gamble only allows credit card, then from their they can still use that same loan to gamble their life out.

The best way is just to put restrictions and limit to how much individual can spend from the card and how much they can take at a time and if possible reason for such loan should be specified before they can be given to any person.

Unfortunately for the government credit cards are not the only thing fueling addiction, there are more factors. And fortunately for the gamblers when the government eventually blocks this route, they will devise another method to finance their poor gambling habits. We still have a long way to go but this is a commendable move by the government.

People still borrow to gamble. Of course their creditors wouldn't know their reasons for needing the money. How about loan apps. Don't you think that people collect loans from those companies their strategy of paying the loan is to double the through gambling and repay the loan while they keep the profit. Those who go this extreme are those struggling with gambling addiction.

It should always be the gambler to blame because we don't have control over ourselves and you are right that it doesn't make sense to blame credit cards as it still won't address the gambler's addiction if we ban them. Most gamblers play in cash or on their online wallets but still get addicted. I've also seen a country that bans credit cards for gambling but the gambler still finds a way to play more by borrowing money or taking out a loan. The one to blame is yourself as you are addicted to gambling and unable to control yourself.

It's not fair, but that's the reality. Those who gamble using credit cards must really realize that it can cause losses for them and also cause them to lose a lot of money because gambling with credit cards makes them feel like they can gamble without any money limits. Rather than using their credit card to gamble, it would be better to use their credit card to meet their living needs because that can help them survive and benefit from their credit card.

And credit card users can indeed get blocked if the credit card company finds out that the user is using their credit card to gamble. Credit card companies would prefer their users use credit cards to shop in stores rather than gamble because it gives the credit card company a bad image.

Well I believe that we all know the responsibilities that come with having a credit card, obviously things can get out of control, but it turns out that we are all dual, we don't need to be controlled in those things, they are a bank, the banks give the credit cards and we decide how we are going to spend the money, that is what must be understood, there is no other option but that, now once we have this type of things and we can establish a permit already acquired , because when we acquire a credit card the bank assigns it to a person of legal Age, who is an adult and who knows the answers to what he or she does This, if a person is not well, they should not play , Much less spend the money. credit card, it is not good, many things must be put in place for this , for a bank that does not allow using the credit card to buy crypto to play in a crypto casino, because for me it does not make any kind of sense, here it is Banks begin to fill with money that those who have the Credit card provided to them.

We must understand that a casino must accept credit cards because it is the only way to get money in or it is one of the ways they have a way to get money in, and if they take away the credit cards it is not good either, I think a person knows What you should do and what you Should not do with your money unless that person suffers a possible loss of their documents and then if they have to call the bank to have the card blocked, in this order of ideas we as such could do many things to To be able to establish it as something normal, the banks must have the freedom to use their FIAT money tools, it is known that if they use them they will monitor it in some way, because in FIA money things are controlled like that, but in crypto with fiat money by Card Believe it or not it doesn't look so good.

Those who are addicted to gambling does not mean they do not know and understand the function of a credit card, it is just because the person does not have self-discipline and does not have a sense of responsibility for everything he does. This is what makes them behave in this way by doing reckless things by using credit cards to gamble.


It's true, this is a disaster. However, this is a disaster caused by humans themselves because they cannot control themselves over the gambling they do and this is a bad thing that only results in losses that affect themselves and even other people, namely those closest to them (family). And we must remember that trust is expensive, so this is something we must and must maintain. Don't let other people's trust, especially those closest to you, lose their trust in you because of your own bad behavior.

It's not fair to blame anyone for credit card gambling they often depend on luck and self control is the most important thing. Gambling does not affect credit scores gambling will not appear on your credit history and there is no guarantee that you will be able to repay it. It doesn't judge how you spend the money you have hence gambling has no effect. No matter how many advantages credit cards have in the online casino world many people will always look for alternatives. For example, you cannot use a credit card to withdraw money some credit card companies do not allow their users to charge gambling-related transactions. So if you use your credit card to deposit money into an online casino account there is a high chance that your transfer will be blocked. Credit card users use it more for shopping and travel than for gambling. This is why it is important to change your mindset without blaming others.