Credit card gambling fuels gambling addiction

[piebeyb]

For me personally, the point is not about the credit card, but that we are the users. Likewise with gambling, we have discussed many threads and posts that always link addiction. but in essence it is not the credit card or a casino that triggers addiction, but we are the ones who let ourselves go too far without being accompanied by control and self-awareness IMO.

Yes, that's what I mean, why do you have to think so hard that credit cards are what trigger people to become addicted to gambling even though it comes from the gambler's behavior and self-awareness, it's strange to hear that, why do people think that credit cards are the trigger, isn't physical money the same? It also has an influence and triggers people to become addicted to gambling if they have a lot of physical money in their hands.

Moreover, if the gambler can control himself, of course he will not use credit cards excessively, of course he has his own limits for gambling use, whereas we also know that every credit card has limits, so it is impossible because credit cards can trigger gambling addiction.

What you say is true, it all comes back to each person's self-awareness as a gambler.

[1715326941]

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[ultrloa]

For me personally, the point is not about the credit card, but that we are the users. Likewise with gambling, we have discussed many threads and posts that always link addiction. but in essence it is not the credit card or a casino that triggers addiction, but we are the ones who let ourselves go too far without being accompanied by control and self-awareness IMO.

Yes, that's what I mean, why do you have to think so hard that credit cards are what trigger people to become addicted to gambling even though it comes from the gambler's behavior and self-awareness, it's strange to hear that, why do people think that credit cards are the trigger, isn't physical money the same? It also has an influence and triggers people to become addicted to gambling if they have a lot of physical money in their hands.

Moreover, if the gambler can control himself, of course he will not use credit cards excessively, of course he has his own limits for gambling use, whereas we also know that every credit card has limits, so it is impossible because credit cards can trigger gambling addiction.

What you say is true, it all comes back to each person's self-awareness as a gambler.

Maybe because by using credit card for depositing you cannot feel guilt then continue to deposit when you are continuously losing. Unlike you use your own personal funds where you slowly start to doubt when you see that your money is starting to became more lesser. Although we can't entirely blame this on credit card because its still up on the attitude of the gambler since if he's careless on his credit card finances for sure he will just end up getting max out his all credits. But if he is well discipline man for sure even if he use credit card no excessive putting some risky bets and deposits on their end then they will be more careful placing their bets also the amount they used on their credit card for deposit.

Addiction can be trigger on any situation so its not all about the usage of credit card but how people handle his self on his gambling habits.

[maydna]

Maybe because by using credit card for depositing you cannot feel guilt then continue to deposit when you are continuously losing. Unlike you use your own personal funds where you slowly start to doubt when you see that your money is starting to became more lesser. Although we can't entirely blame this on credit card because its still up on the attitude of the gambler since if he's careless on his credit card finances for sure he will just end up getting max out his all credits. But if he is well discipline man for sure even if he use credit card no excessive putting some risky bets and deposits on their end then they will be more careful placing their bets also the amount they used on their credit card for deposit.

Addiction can be trigger on any situation so its not all about the usage of credit card but how people handle his self on his gambling habits.

If they don't feel guilty when making a deposit using a credit card, it will harm them because they can use a lot of money. They can easily deposit another amount when the money runs out, and it seems as if the credit card has no limit so they continue to use their credit card. That is why using a credit or debit card is not recommended because it can make people forget themselves and deposit their money many times if they lose when gambling.

It can also trigger gambling addiction because they can still deposit money to gamble as long as the credit card limit has not been reached. They really have to cut up their credit cards so they can't use them for things they don't need.

[wiss19]

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.

Maybe you can't blame the system for someone getting addicted to gambling, but that system is actually providing them with the opportunity to gamble more even if they don't have the funds at hand at that moment. When you don't have a credit card, and only have a limited amount available, once you gamble that amount, you will have no more money to keep gambling maybe with the hope of recovering something back, and that might make you stop right there.

But when you have a credit card with available credits, you can simply keep gambling without stopping, maybe your intention is to only get back some of the money you've lost but you will eventually keep losing and those losses are all debts piling up on your name in the bank which will leave you with nothing in a very short period of time.

[Mahanton]

For me personally, the point is not about the credit card, but that we are the users. Likewise with gambling, we have discussed many threads and posts that always link addiction. but in essence it is not the credit card or a casino that triggers addiction, but we are the ones who let ourselves go too far without being accompanied by control and self-awareness IMO.

Yes, that's what I mean, why do you have to think so hard that credit cards are what trigger people to become addicted to gambling even though it comes from the gambler's behavior and self-awareness, it's strange to hear that, why do people think that credit cards are the trigger, isn't physical money the same? It also has an influence and triggers people to become addicted to gambling if they have a lot of physical money in their hands.

Moreover, if the gambler can control himself, of course he will not use credit cards excessively, of course he has his own limits for gambling use, whereas we also know that every credit card has limits, so it is impossible because credit cards can trigger gambling addiction.

What you say is true, it all comes back to each person's self-awareness as a gambler.

Maybe because by using credit card for depositing you cannot feel guilt then continue to deposit when you are continuously losing. Unlike you use your own personal funds where you slowly start to doubt when you see that your money is starting to became more lesser. Although we can't entirely blame this on credit card because its still up on the attitude of the gambler since if he's careless on his credit card finances for sure he will just end up getting max out his all credits. But if he is well discipline man for sure even if he use credit card no excessive putting some risky bets and deposits on their end then they will be more careful placing their bets also the amount they used on their credit card for deposit.

Addiction can be trigger on any situation so its not all about the usage of credit card but how people handle his self on his gambling habits.

You wont really be having that feeling of guilt on the time that you do know that you are the holder of such credit card, you do know that it was given into you and you have applied for it on which you would  really be thinking that you do have the full rights on what you should gonna do with your spending or on how you would really be making use of that card. It is really just that people do really skip out on thinking up carefully on what are the possible consequences on which you might encounter if you do really make yourself that careless or not responsible for your spending or on how you do make use of your card on the right way.
It isnt really that bad on using it on gambling as long you do have in moderation but most likely you would really be breaking that kind of thing when the habit becomes that an impulsive kind of activity.

You would really be most likely be ending up on being that an addicted person if you do keep on considering on having that kind of behavior in towards your credit card.
This is why it would be always preferred that you should really be that responsible on whatever spending that you do specially on something that you dont own or something that do talks about credit.
It do really sounds good on having these cards but on the time that due date comes then this is where things becomes shit.

[Cling18]

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.

Maybe you can't blame the system for someone getting addicted to gambling, but that system is actually providing them with the opportunity to gamble more even if they don't have the funds at hand at that moment. When you don't have a credit card, and only have a limited amount available, once you gamble that amount, you will have no more money to keep gambling maybe with the hope of recovering something back, and that might make you stop right there.

But when you have a credit card with available credits, you can simply keep gambling without stopping, maybe your intention is to only get back some of the money you've lost but you will eventually keep losing and those losses are all debts piling up on your name in the bank which will leave you with nothing in a very short period of time.

Having a credit card being used in gambling is literally tempting. No wonder there are lots of people who are falling for gambling addiction in most countries with active credit cards. There are already countries that are planning to ban gambling sites in credit cards because lots of credit card holders these days are falling into addiction.
I think credit card companies are offering opportunities yet it is our personal responsibility to spend wisely as we all know the struggle of having huge debt. We should only gamble what we could afford to lose and using borrowed money for gambling will never be a wise idea because we will only end up chasing our losses.

[cabron]

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.

Maybe you can't blame the system for someone getting addicted to gambling, but that system is actually providing them with the opportunity to gamble more even if they don't have the funds at hand at that moment. When you don't have a credit card, and only have a limited amount available, once you gamble that amount, you will have no more money to keep gambling maybe with the hope of recovering something back, and that might make you stop right there.

But when you have a credit card with available credits, you can simply keep gambling without stopping, maybe your intention is to only get back some of the money you've lost but you will eventually keep losing and those losses are all debts piling up on your name in the bank which will leave you with nothing in a very short period of time.

Can't blame them after all it is a play now pay later system. And paying may never even happen because more delinquents are doing it anyway. I would probably do the same if I do have a credit card and I won't even have to play but just invest using the credit card to buy assets.

Those who play however surely don't have any idea what is going on in the economy but they are using the credit card hoping to make money. But these are probably newcomers in crypto casinos.

[Westinhome]

If they don't feel guilty when making a deposit using a credit card, it will harm them because they can use a lot of money. They can easily deposit another amount when the money runs out, and it seems as if the credit card has no limit so they continue to use their credit card. That is why using a credit or debit card is not recommended because it can make people forget themselves and deposit their money many times if they lose when gambling.

It can also trigger gambling addiction because they can still deposit money to gamble as long as the credit card limit has not been reached. They really have to cut up their credit cards so they can't use them for things they don't need.

The credit card in the gambling was recently banned by the Australia government,the reason behind this was the usage of the credit card by the children of the gambler.Since the kids along with the parents,the parent can’t monitor their children fully.Some point the government move was god,but it will indirectly promote the crypto based casino and reduce the fiat based casino.The merge of credit cards allow the gamblers to use the credit cards for the many time till their limit of the card in the gambling addiction after some loss.This was cause due to the addiction to retrieve the loss by targeting on the upcoming game.

[mvdheuvel1983]

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).

For the casino, it is profit that's the end goal . For the credit card company, it is also profit that is the end goal. And it is never going to end. Although there have been calls to ban the use of credit cards for gambling purposes, I do not think that it would work. This is a very complex senario. While it may be effective for onsite casino, it will not be in online casino.

[sunsilk]

~snip~

If truly you've get to know people that can't ever pay their debts because the amount is enormous for them then why are you saying that paying debt for 12 years is exaggerated? In what way? Everyone knows how much they make every month, and paying back what they owe is coming from how much they make monthly, this is no exaggeration.

While it's just your example but I do find it exaggerated because if someone who takes a credit card and was able to reach up to 12 years of paying it, I don't think the bank would allow unless that gambler have left that debt for so long and ignoring his obligation.

But if it's not exaggeration to you, that's fine, we're just up to discussion and we've got different opinions about it.

This fellow have wasted 30k on gambling, and he has 28,800$ left to pay back, he made not less than $300 per month, and he said he can only pay $200 back every month, do the math yourself, $200 in twelve months is $2400 and in the next 12 years that is $28,800$, I was ridiculed because of this problem he invited into his life.

That fellow, as you've said, we all know how much we make but that guy is different and probably saw himself unguarded during that time.

I advised him to try making extra earnings, 12 years isn't a joke as he will end up working for the long term only to pay back his debt, what about his life? I advised him to figure out how to earn more money monthly because that's the only solution I can think of, it's not exaggeration,  it's something that's still fresh.

Yup, that isn't a joke and that's why I thought of it as exaggerated but if that's not really an example and true to life. Your advice to him is right, getting more source of income and work for it. That's the only way he can get out of that debt.

On his end, that's an exaggeration but he asked for and did it on his own so, he has to pay for it.

[Casdinyard]

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.

[Yogee]

[....]
What stops gambler from using debit card, and when its balance turns zero, go out, take a loan, make a deposit and continue gambling with someone else money? What stops gambler from taking a loan? Or selling stuff, or using pawnshops to get money?

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.

[benalexis12]

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.

[ultrloa]

Maybe because by using credit card for depositing you cannot feel guilt then continue to deposit when you are continuously losing. Unlike you use your own personal funds where you slowly start to doubt when you see that your money is starting to became more lesser. Although we can't entirely blame this on credit card because its still up on the attitude of the gambler since if he's careless on his credit card finances for sure he will just end up getting max out his all credits. But if he is well discipline man for sure even if he use credit card no excessive putting some risky bets and deposits on their end then they will be more careful placing their bets also the amount they used on their credit card for deposit.

Addiction can be trigger on any situation so its not all about the usage of credit card but how people handle his self on his gambling habits.

If they don't feel guilty when making a deposit using a credit card, it will harm them because they can use a lot of money. They can easily deposit another amount when the money runs out, and it seems as if the credit card has no limit so they continue to use their credit card. That is why using a credit or debit card is not recommended because it can make people forget themselves and deposit their money many times if they lose when gambling.

It can also trigger gambling addiction because they can still deposit money to gamble as long as the credit card limit has not been reached. They really have to cut up their credit cards so they can't use them for things they don't need.

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.

[mirakal]

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.

[barisbilgili]

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.

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.

[Jawhead999]

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.

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.

[justdimin]

I'm not really much in favor of using credit card as payment method for gambling. Sure, it provides convenience and ease of use for the gamblers, but it also paves way to irresponsible gambling habits build via repeated routine. It will just really keep you on the lowest of lows. To begin with, if you don't have enough money to fund your vices, then you shouldn't really be gambling at all. Because you should only spend what you can afford to lose. And losing something you don't even possess is plain stupidity and a headache to happen. Hence, I'm not really surprised that some countries prohibits the usage of credit cards for gambling. There are still other cards that can be used such as debit card that can still provide accessibility.

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.

[Rabata]

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.

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.

[TopTort777]

[....]
What stops gambler from using debit card, and when its balance turns zero, go out, take a loan, make a deposit and continue gambling with someone else money? What stops gambler from taking a loan? Or selling stuff, or using pawnshops to get money?

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.

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).