Topic: Credit card gambling fuels gambling addiction - page 8. (Read 1461 times)

Those are the effects and risks if we use something that can be used first and paid for later/monthly or annually, Credit cards are one of the factors that currently results from your research being used incorrectly by gambling addicts, credit cards are used inappropriately, quite the opposite.

I'm sure those who use credit cards to gamble, they hope to win and make big profits in gambling. They think that gambling winnings can cover the interest and principal of the money they use every month, in fact they actually suffer losses. This is sad because greed, ambition and lust are put forward. without taking into account what if you lose and can't cover your credit card and if you use a credit card.

Banks should be able to overcome debts and losses for their customers who use credit cards, by implementing one of the detection systems for credit cards, which can only be used for shopping, cannot be accessed/denied for those who use credit cards for gambling sites, perhaps this means users cannot use credit cards to gamble.

Credit card gambling is like ATM in casinos, they are there so you can spend (lose) more money, the only way you need to use it or it can be usefull is when its your only payment method.

Nothing is more idiot than have a debt for gambling, if you take a loan to gamble, man you are in big problems.

         -   As long as you use a credit card responsibly, you are aware that it is truly convenient to do so. Other people—those who merely boast about themselves and believe they never run out of money—use credit cards for unnecessary expenses.

When a gambler adopts this method, it's like he approaches a crocodile and asks it to consume everything that will benefit him. This is the worst kind of technique that other people utilize. Therefore, a gambler should strive to avoid using it on a regular basis; even if you try it, stop.

It is a good move to ban credit cards for gambling because using a credit card means they will be free to deposit money from their credit card into their gambling account. And they can gamble whenever they want, which will put them at risk when their credit card bill comes. It can also trigger addiction because the freedom they get from their credit card, which can be used to deposit money at any time, makes them feel there is no obstacle to gambling. The government's steps are right because they can ban the use of credit cards, but the government also has to think about other things when gamblers switch to using crypto to gamble.

Yes, you are right because by using a credit card, they will not think that their money will run out. As long as the credit card limit has not been reached, they can still deposit money to gamble, which is the risk they will face if they use their credit card. And that will make them return to gambling more often because they can deposit their money again easily and immediately gamble.

That's why we don't need a credit or debit card to gamble because it will be riskier. We should make a budget for gambling and stick to these rules to avoid the problem of gambling addiction or the desire to chase victory. We can also be calmer because we don't have to think about the credit card bills coming to us at the end of the month.

Unfortunately, it is their own choice. Or, you could look at it that they have had little to no control and that they were exploited. However you choose to see it, this is the consequence of allowing the mix of credit with gambling.


It comes to a point where you must ask, why didn't they stop at 5 years of debt? Or 1 year of debt? Or 0? How far must it go before it is someones fault, rather than their mistake?


Certainly. Credit is not cash, it's not visible, it's easily accessible for some. It's definitely something that could fuel addiction.



Keep it that way

Yeah using a credit card won't be an issue if it is used responsibly. I think gamblers get addicted to it because it is very easy to access money that you might not actually have. The first time I actually used a credit card, I was amazed because it was so easy to spend the money! This can lead to impulsive and excessive gambling and gamblers might not feel the consequences right away. They'll only feel it once their debts pile up. And credit cards often charge high interest rates. People should find healthier ways to sustain their gambling habits.

Gambling with a credit card is one of the easiest ways for a gambler to become a gambling addict because it's definitely gonna make the concerned person to gamble beyond his daily or weekly gambling limits. When someone wants to gamble, there's always an already stipulated limit that's been put in place by that same person so it'll help him regulate himself and stop whenever the limit is reached. But when one is gambling with his debit card, and unfortunately happens to lose until his limit is reached, he'll continue to gamble in other to recover the already lost money and until all the funds in his debit card is finished, he'll continue to gamble.

Credit card gambling is not smart, as always you should only gamble with money you can afford to lose. Any good bookie will promote responsible gambling but it is the punters responsibility to manage their own funds and budget properly.

Gambling should be fun, putting it on a credit card is an awful idea. The moment it stops becoming fun is the moment to walk away. Consider putting weekly deposit limits on your accounts.

that's why it's highly recommended not to use a credit card because it's not a good way to gamble, even some countries have banned the use of credit cards on gambling sites and it's best to use crypto money or other cash, always just use money that we're ready to lose and don't too greedy to play with big money, especially by going into debt using a credit card.

Even though playing with the little money you have is not a problem as long as it can make you enjoy gambling, after all, if you gamble using it, it is certain that in addition to paying debts you will also pay quite a lot of interest costs, my advice is never to use a credit card to gamble no matter how big you feel. If you want to gamble, you should ignore that feeling. If you don't have cash, you should do other activities or gather with your family to divert that feeling.

Unfortunately, credit cards are a borrowing method that each person uses according to their own habits as you stated due to their structure. Although it is necessary to interpret it according to the needs of the person, unfortunately credit cards are a bad payment method for many gamblers because it allows the person to easily access money and lose more money in gambling. Of course, nothing has a limit but while a child wouldn't use a credit card to buy $10,000 worth of snacks per month but a gambler wouldn't mind gambling that amount. Similarly, an alcoholic will not spend this amount to consume alcoholic beverages but the gambler will still spend this amount quickly. Of course, nothing is impossible but if we compare certain examples with certain restrictions using a credit card for gambling is more risky than all other factors.

For example, let's say a gambler has a budget of $1,000 and a credit card limit of $2,500. This person will first lose his/her budget of 1,000 USD in gambling and then lose his/her credit card limit of 2,500 USD. After this, if the person has no income during the account statement period this person will lose both his own money and credit card limit and will have to pay the interest on his/her credit card debt. That is the potential loss amount will not be just the amount spent on gambling.

Then ban credit cards at all, force people to spend only their own money, or do something with gambling addiction. I think you agree that credit card is only one of the instruments that is used to get money from for gambling. We are living in world of balance. A ban "not your money" in form of credit card, and the other form "not your money" will be used in gambling. And think about that from the point of view that credit cards turnover can be controlled.

Bank all the banks in the end, because they create illusion that you have enough money with credit cards, loan, mortgage and etc. Ban is not the best solution in that case. For example alcohol also causes a lot of troubles, why not ban it either? Instead we have limitation, such as age or time (not selling alcohol after 22:00 for example).

When typical man is addicted to gambling he looks for other sources after losing his hard earned money. He has to find various ways to finance his gambling. When there is no other way to collect gambling money they think of using their credit card to gamble even with high interest rates. It is not difficult for a gambler to do anything if he loses control over himself. But I personally think people can get addicted so gambling by credit card should not be allowed. This will lead to major disasters in the lives of those gamblers that will be difficult to recover.

Yes it is true, debit card would make sense because you are gambling with your money and that still makes sense but if you are gambling with credit card that means you are gambling with money that you do not have, and if you lose then you may have trouble paying it back.

Banks have no joke, if you fail to pay your debt, they will seize everything they can to pay that, and they do not take it at face value, they take it from resale value which means that they are going to drop some even from that and you are going to basically pay a ton more than what you could have, it's even better to sell those stuff yourself and pay them back. Basically, it's better to avoid something like that whenever you can, that would make more sense.

It's different, when you're gamble using credit card, most of the time you will not feel how much you've spent because you think you have a lot money.

But when you're gamble using fiat, you're aware about how much you've spent and it's up to you whether you still want to continue or not. There's a possibility you can gamble using loan, but that's your choice and the risk you need to face.

Indeed, there is nothing wrong if we use a credit card to gamble and if we lose we are able to pay off the credit card payment bill because after we use a credit card, I think only some people can gamble by controlling themselves so they don't become addicted. When gambling, we really need to be able to control ourselves and not gamble uncontrollably so that we cannot enjoy our gambling.

I actually don’t have negative opinion about using credit card for gambling. Although it would make you easily overspend and become doomed to debt, but hey if you gamble responsibly, things like this will be avoided. So I don’t agree with banning credit cards for gambling, instead it would be more reasonable to ban those gamblers who always gamble without caution. Even if you use fiat, as long as you don’t know how to control your funds, you will still end up with a huge debt and worst become homeless.

Its like what you do on your spending habits on buying things that you want then swipe your card for payments you will decide to use continuously because you feel no any guilt with that. And same on gambling for sure gamblers use that will came to the point that they will never think about what they do or the amount they spend since in the middle of climax while playing for sure they will swipe more until they get satisfied. Later on they realize that they are near to their limits or worse they already exceed because the processors will not accept their card because of that reasons.

Although not all will experience this situation, but most likely this scenario really happen that's why its better not to use our credit card while betting so that we will have guilt feeling while depositing some amount on those casinos.

When you use a credit card for gambling, your credit card balance will definitely be in jeopardy. What's even worse is that the money you gambled with even came from a bank loan. This is just one of the effects of addiction. When you actually use it, you feel like you will never run out of money, but the truth is that you will end up in debt.

This approach is a wrong move and can be said to be the most stupid thing anyone will do. Although it's not my money, it's obviously not the right way.

Do you think it's easy to get a loan from financial institutions? No.
Do you think people will just lend their hard earned money that easily? Most people wouldn't since they have their own money problems to solve.

My point from raising those questions is that nothing stops them from asking for a loan but he'll have a harder time getting that money to use in gambling. The more roadblocks there is then the likelihood that he'll slowdown on his gambling increases.

You also mentioned the use of debit card and selling or pawing stuff. That's still better since he won't be putting himself into a bigger debt compared to using credit cards as explained in part by Casdinyard here

That's why Australia banned credit cards from being used for gambling.

The illusion that it gives you where you think you still have enough money to get around when what you're really doing is putting yourself into a bigger debt is the biggest reason why credit card gambling is such a massive issue. You gamble belligerently without a single care in the world and next thing you know, you're thousands of dollars deep in debt and you've wasted your whole life away chasing the high of winning big. Plus it doesn't help that scammers could get a hold of your credit card info and use it to their advantage as well.

I don't think there's no good reason why credit card gambling should be allowed, if you can't afford to gamble in the first place you shouldn't even gamble at all, that's just a simple fucking concept.