New Solution to Address the Problem of Gambling in Australia.

[traderethereum]

It's a good idea to avoid bad financial problems for the users, because maybe they can't control themselves so when the credit card has not reached the limit they will continue to use it to gamble, and many other casinos should do the same even though the players will try to find ways to play with their credit cards because no system works perfectly, most of them can only reduce it.

I agree that casinos will eventually ban or block users who want to use credit cards to gamble because of the high risk that gamblers can get.
This is a way to control so that people don't become addicted and don't use more money than they can afford so they only gamble with a certain amount of money.
But this needs to be disseminated to all users so they will know that now Sportsbet does not allow using credit cards to deposit money.
And it is a concern of the casino to keep problems arising from gambling and it is hoped that all gamblers who play on their site will understand that this is for their own good.

[seoincorporation]

I don't think the problem is only about credit cards. Most of the casinos have a list of banned countries and in most of them there is Australia. That means your account could get locked if the site asks for KYC and you provide Australian credentials. So, is not only a risk on the bank side, it's a risk in the casino too.

[uneng]

But this needs to be disseminated to all users so they will know that now Sportsbet does not allow using credit cards to deposit money.

As soon as they attempt playing on credit they will be notified or spot this alternative is unavailable on gambling websites.

I think the measure is a good one, because it's useful as an extension of the initial gambling guideline of "just play with money you can afford to lose". In this case of credit cards it is "don't play with money you don't have yet".

It will help gamblers to not lose control of their finances. Only those who have credit cards with high limits rates know how tempting it is to use the credit.

[dezoel]

There will be illegal gambling operators who will continue to offer this kind of payment methods. It's not possible to block them all but I think the blocking will become more effective if it came directly from the issuer of those credit cards or to the banks. It's possible for them to monitor the activity of the card holder right? Once they spot a transaction which is related to gambling they need to do some punishments.

I don't know why it's consider a challenge for them when the lottery are affected on this propaganda. Is it because lottery is government based and this is helping in the economy of one's country? Lottery drawings doesn't happen often so it isn't addicting as other fast paced games. They can make an exception on this one.

[ajochems]

Most of casino in the Australia targeting the ban into their city. After you do verification to the casino, if you address belong to Australia. You will be eliminated from the list. So it’s feel like insecurity after the ban. It’s better to check the website allow or reject the Australia kyc. If it’s okay, then use that website to earn some good money from it. When you begin to use gambling site, check it belong to Australia. Because most of the websites in the Australia will ban and all your funds will be freeze to the wallet.

[_act_]

The problem:Gambling with credit cards is high-risk in nature and could have serious financial consequences.

So it is we that is gambling with cryptocurrencies that is not play now pay later? I have my crypto and I can use it to easily fund my betting site account, which means no difference. The difference is just that people that are using crypto is far less than people that are using fiat. I do not see what Sportsbet is heading up to than discouraging fiat payment while want to make crypto payment to be dominate because many other ways for fiat payment are annoying and not easy like paying with a credit card.

[traderethereum]

But this needs to be disseminated to all users so they will know that now Sportsbet does not allow using credit cards to deposit money.

As soon as they attempt playing on credit they will be notified or spot this alternative is unavailable on gambling websites.

I think the measure is a good one, because it's useful as an extension of the initial gambling guideline of "just play with money you can afford to lose". In this case of credit cards it is "don't play with money you don't have yet".

It will help gamblers to not lose control of their finances. Only those who have credit cards with high limits rates know how tempting it is to use the credit.

Even though they have a credit card with a high limit rate, that doesn't mean they can use a credit card because it's not worth the risk they will get if they lose.
Maybe it will be fun because they can deposit more money, but if they could think that they have to pay for what they use, surely they will not take the risk.
We have seen that credit card bills can increase along with using a credit card, making it difficult for us to pay later.
So, in this case, we should not even try using a credit card because many have had that bad experience.

[crwth]

Now that I think about it, it's definitely going to be a problem that you can have that kind of "relief" in your mind that you could play with essentially 0 dollars and have someone, in this case, the bank that issues the credit card, to pay for your behalf. It's a trap in it for itself. It's going to be a problem in the long run knowing that it's easily accessible. I believe it's right that not accepting that method would be ideal already.

It's going to be hard to break that cycle TBH.

[_act_]

Now that I think about it, it's definitely going to be a problem that you can have that kind of "relief" in your mind that you could play with essentially 0 dollars and have someone, in this case, the bank that issues the credit card, to pay for your behalf. It's a trap in it for itself. It's going to be a problem in the long run knowing that it's easily accessible. I believe it's right that not accepting that method would be ideal already.

I knew a friend that was addicted and deposting using credit card. He even set deposit monthly limit to be low, but as he gamble and lost, he increased it and within 24 hours he can deposit more mooney. He told me when he knew gambling has been a problem for him, what he did was that he quit gambling for over a year and destroyed his credit card, he only used his mother's credit card for withdraw at the time. Discipline starts from within, government do not care.

[Mauser]

What other solutions can you think of?

Not sure if I understand it correctly, the sports betting problem in Australia is that people bet more money than they can afford to lose? This is among the biggest mistake anybody could do when it comes to gambling or investing. In both cases there is a lot of risk involved and no guarantee to make money. That's why it's advisable to only use money that we can afford to lose. To me this sounds more as a banking problem than a gambling problem, and of course people need to be more financial responsible. I don't understand why credit cards are still so common these days where you only see the money you spent at the end of the month. I also have a credit card, but only for emergency and I never really use it. The fees and interest on credit cards are way too high and should be avoided as much as possible. I only use a normal bank card that gives me a notification within 2 minutes of using it and shows me the amount. On my phone I can check my balance anytime and don't need to worry about spending more than I have. I think the best solution would be for people to use more modern bank cards and limit their overdraft possibilities.

[Cling18]

Now that I think about it, it's definitely going to be a problem that you can have that kind of "relief" in your mind that you could play with essentially 0 dollars and have someone, in this case, the bank that issues the credit card, to pay for your behalf. It's a trap in it for itself. It's going to be a problem in the long run knowing that it's easily accessible. I believe it's right that not accepting that method would be ideal already.

I knew a friend that was addicted and deposting using credit card. He even set deposit monthly limit to be low, but as he gamble and lost, he increased it and within 24 hours he can deposit more mooney. He told me when he knew gambling has been a problem for him, what he did was that he quit gambling for over a year and destroyed his credit card, he only used his mother's credit card for withdraw at the time. Discipline starts from within, government does not care.

Having a credit card to gamble will only tempt more players to gamble even without any scent. They will be able to bet using borrowed funds and might just disregard the warnings that the bank will send them. I agree that self-discipline should come from within and the government as well as the casino wouldn't mind whether you spend too much in gambling. That's actually beneficial to them since they're earning from you. It's just a matter of self-control because temptations could always be everywhere but you should be firm not to fall for their trap.

[Mahanton]

Now that I think about it, it's definitely going to be a problem that you can have that kind of "relief" in your mind that you could play with essentially 0 dollars and have someone, in this case, the bank that issues the credit card, to pay for your behalf. It's a trap in it for itself. It's going to be a problem in the long run knowing that it's easily accessible. I believe it's right that not accepting that method would be ideal already.

I knew a friend that was addicted and deposting using credit card. He even set deposit monthly limit to be low, but as he gamble and lost, he increased it and within 24 hours he can deposit more mooney. He told me when he knew gambling has been a problem for him, what he did was that he quit gambling for over a year and destroyed his credit card, he only used his mother's credit card for withdraw at the time. Discipline starts from within, government does not care.

Having a credit card to gamble will only tempt more players to gamble even without any scent. They will be able to bet using borrowed funds and might just disregard the warnings that the bank will send them. I agree that self-discipline should come from within and the government as well as the casino wouldn't mind whether you spend too much in gambling. That's actually beneficial to them since they're earning from you. It's just a matter of self-control because temptations could always be everywhere but you should be firm not to fall for their trap.

There's no way that this  problem could be easily be solved out other than on totally disallowing those CC's to be used on gambling sites but just like as said that banks wont really be stopping out
on whatever spending or purpose you do make use of those cards since it would really be beneficial for them and they do know that they could make money from it, which means the
main issue itself is on about on the card holder itself which self control and discipline is really that crucial if we do talk about credit card usage.These things are just only good
for emergencies and not for your leisure times which it would make things even more worst.

[QueenVera]

I also will stand with the government and also the management team of sportbet and also commend them for even Make an attempt towards this very move because gambling on a payment which seems you can gamble on credit is a very detrimental situation and needs to be looked so much into because there are possibilities of customers and gullible citizens gambling with the hopes of winning some money to cover up all they have spent trying to win and at the end of the day, they lose so much money they haven't even gotten and the state of depression start trolling in and possible suicide attempt will be the next option of such a person and I'm glad for this bold step by both government and the governing body of the sportbet team.
I will also suggest that a strict amount should be fixed for maximum bets

[_act_]

I also will stand with the government and also the management team of sportbet and also commend them for even Make an attempt towards this very move because gambling on a payment which seems you can gamble on credit is a very detrimental situation and needs to be looked so much into because there are possibilities of customers and gullible citizens gambling with the hopes of winning some money to cover up all they have spent trying to win and at the end of the day, they lose so much money they haven't even gotten and the state of depression start trolling in and possible suicide attempt will be the next option of such a person and I'm glad for this bold step by both government and the governing body of the sportbet team.
I will also suggest that a strict amount should be fixed for maximum bets

I do think that credit card payment is the problem, it is not the problem. The problem is that gambling is not well regulated. Regulation may deiffer from country to country, but in all countries that gambling is allowed, the regulation is not enough. The more it is getting enough, the more the regulators will make citezens not to have privacy which is another downside. If the government can make more laws, not allowing those that are not having job not to gamble and those that having job not to use more than certain amount in percentage of their weekly salary to gamble, it would be better, but that seems more like a prison and many people will against it.

some people will still find alternatives to credit card while some people may go for having more bank accounts for deposit.

[Cryptomultiplier]

I also will stand with the government and also the management team of sportbet and also commend them for even Make an attempt towards this very move because gambling on a payment which seems you can gamble on credit is a very detrimental situation and needs to be looked so much into because there are possibilities of customers and gullible citizens gambling with the hopes of winning some money to cover up all they have spent trying to win and at the end of the day, they lose so much money they haven't even gotten and the state of depression start trolling in and possible suicide attempt will be the next option of such a person and I'm glad for this bold step by both government and the governing body of the sportbet team.
I will also suggest that a strict amount should be fixed for maximum bets

The last statement on suggesting a strict fixed amount of money for bets is ideal, because then one can fight the temptation to go beyond a certain limit which in turn helps curb the addiction.
Gambling is more or less psychological, and these bettors may come with the intention of making a little bet, but end up using more than bargained for.
The move by the Australian government is sure going to be helpful as well as other betting sites may adopt this if it proves successful with sportsbet.

[panganib999]

Gambling by taking funds off a credit card is one of the biggest reasons why gamblers who have got themselves addicted eventually go to debilitating debt. The fact that the australian government is already taking precautions to prevent their citizens from being subjected to this is a good thing and is indicative that they are taking this seriously. Anyhow, serious intervention against gambling addiction must be taken, because it's one of the biggest problems that our society right now faces.

Now that I think about it, it's definitely going to be a problem that you can have that kind of "relief" in your mind that you could play with essentially 0 dollars and have someone, in this case, the bank that issues the credit card, to pay for your behalf. It's a trap in it for itself. It's going to be a problem in the long run knowing that it's easily accessible. I believe it's right that not accepting that method would be ideal already.

It's going to be hard to break that cycle TBH.

It's less about the relief or a "sense of ease", but the fact that these gambling addicts eventually rely on the credit cards solely to fund their addiction is the main reason why actions like the abovementioned are taken. Although in hindsight this may just push them to riskier ways to get money, like committing crimes, taking a loan from a loan shark, or others. This is why intervention against all types of addiction, with special mentions to gambling because that is the main crux of the matter, must be taken, because as it stands today people who get subjected to that kind of problem have little to no option.

[coin-investor]

Sportsbet, an Australian betting giant, has said that it will support any move to prohibit the use of credit cards for gambling. The operator said that this type of payment method promoted a “play now, pay later” culture which was detrimental to the well-being of players and consumers. Here is a summary of the news below

The problem:Gambling with credit cards is high-risk in nature and could have serious financial consequences.

It really is a high risk which is why some casinos offered it, when Cryptocurrency is not yet in existence and gamblers can play using bank and credit cards many become in huge debt because it's hard to stop when you have a credit line.

Proposed solution: Responsible Wagering Australia is putting forth a new interactive gambling legislation should block operators from offering credit cards as viable payment methods.

They can only do that at local casinos but at international casinos, they can request them to prevent their citizen from using their credit card.

What other solutions can you think of?

This is already a good solution and will have an impact on gamblers in their jurisdiction but concentrating more on educating their citizen on the harm of gambling is still the best solution.

[AmoreJaz]

I also will stand with the government and also the management team of sportbet and also commend them for even Make an attempt towards this very move because gambling on a payment which seems you can gamble on credit is a very detrimental situation and needs to be looked so much into because there are possibilities of customers and gullible citizens gambling with the hopes of winning some money to cover up all they have spent trying to win and at the end of the day, they lose so much money they haven't even gotten and the state of depression start trolling in and possible suicide attempt will be the next option of such a person and I'm glad for this bold step by both government and the governing body of the sportbet team.
I will also suggest that a strict amount should be fixed for maximum bets

The last statement on suggesting a strict fixed amount of money for bets is ideal, because then one can fight the temptation to go beyond a certain limit which in turn helps curb the addiction.
Gambling is more or less psychological, and these bettors may come with the intention of making a little bet, but end up using more than bargained for.
The move by the Australian government is sure going to be helpful as well as other betting sites may adopt this if it proves successful with sportsbet.

they can always try this strategy and will learn from this action also. in the future, they can modify a lil bit and find other possible ways how to help their people getting addicted to gambling. it is a process of knowing and learning how to assist addicted gamblers. but also, these gamblers should also help themselves. it is by any means one-way support here. both should agree that there is really a problem that needs to be addressed.

[robelneo]

Sportsbet, an Australian betting giant, has said that it will support any move to prohibit the use of credit cards for gambling. The operator said that this type of payment method promoted a “play now, pay later” culture which was detrimental to the well-being of players and consumers. Here is a summary of the news below

This is how gamblers started to indulge in gambling and become addicted to the play-now-pay plan, gamblers are known to chase their losses when they lose control of themselves and if they have a credit card at their disposal they will continue to gamble until they are debt-ridden

The problem:Gambling with credit cards is high-risk in nature and could have serious financial consequences.

With the introduction of Cryptocurrency, gamblers are gambling on money that they have and not on money that they are not yet holding which credit card is offering.

What other solutions can you think of?

This is a good step and should be implemented by other countries who are concerned about the welfare of their people, credit card is a big temptation for indulgent chronic gambling and credit card are two bad combinations.

[Shinpako09]

It's nice to see them taking action, trying to stop gambling problem but this will only limit them. With crypto gambling booming, the problem will always be there. There are still crypto gambling sites that doesn't implemented KYC and you can easily used a VPN if your country is banned but still kudos to their government. Tbh, I can't think of any better solution with the technology we have. Illegal operators, as well as players will always find a way.