Credit card gambling fuels gambling addiction

[LUCKMCFLY]

Using a credit card to play in a casino is something that should not be allowed in any country, I am of the opinion that each person has the right to do whatever they want with their own money, but when we are dealing with credit cards, it means that people are in debt, in a few words people are playing with money that is not theirs and how can they ask for more money so it will be easier for them to play with all the money and use up the limit on their credit card and when their salary comes in the bank will take all the money from their salary to pay the debt they made on their credit card

whereas when people play using their own money, even if they use a debit card, they first pay bills and then use the rest of the money to play. Of course I described a scenario where people are responsible and use money they can afford to lose gambling. because in the case of people with problems of lack of self-control of games, these people even if they don't play using credit cards, they can get into debt and with that they will continue playing with debts and the governments' measures to prevent people from not taking out loans to play will not have any effect

That's why at the end of the day it's up to each person to be responsible and not gamble with money they can't afford to lose, even though every day most people are warning about the danger of people gambling too much, still People don't listen, they put a lot of money into the game and when they lose they sell everything they have to keep playing. I agree with the measure of banning people from using credit cards

Well, the truth is, things can be seen from that point of View , Now if you do Things with Credit Cards People Assume that they Should use them because it is something that is not correct, of course I understand your point of view because it is obvious that things when it comes to credits, about debts, sometimes people don't have that Approach of being careful, but rather they see the ease and that's it, for me credit cards must be used as an Emergency Measure , because that is a weapon double-edged, because it is a problem if you spend more than normal , for me things have to go Well Because obviously a person who has a bad credit life will not be given more credit or their limits will be raised, Of cours e, a bank sees that they have very large transactions, because it is something that suits them because when they see such large transactions and a bank, they will continue to give you credit, this is something that must Always be fulfilled.

Now, as I have said on many Occasions , we have to realize that the casino is for people who know how to use money, who know that the money on a Credit Card is borrowed , and that obviously to go into debt with a credit card You have to have a good capacity to pay, otherwise there is no way you can risk something like that, or does it make sense, of course a white man watching these movies will give you more credit to spend, that is something obvious, of course as long as the bank is from a solvent country that does not have an inflationary currency, because otherwise it will create many corralitos, so in this otdeen of ideas a bank can help the person get into debt, and this causes things to go in another direction, so I I can conclude that I think like you, for me a person who plays in a casino must be someone who has a high financial education, so that they do not make those types of mistakes, of course I call them Mistakes, because involving fiat in a Crypto casino is like Tell the bank and the Government , Pay me high Taxes for using crypto.

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[radjie]

The role of the government must be to be able to create prohibitions or special regulations regarding credit cards used for gambling facilities, so that people can avoid debts that accumulate due to gambling.  This will of course have an impact on the economy which will get worse if the government allows it to drag on.

Generally, credit cards are used for shopping purposes to make it easier for users without having to spend cash, but if they are used for gambling, of course it will have a bad impact on the user and more and more people will become addicted to gambling
This will certainly make it easier for gamblers when they don't have money, they will continue to gamble in the hope of being able to cover their debts later when they win a bet and they will continue to repeat this method.

[uneng]

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.

That is just people's irresponsability. They think only on the instant pleasure they are going to have when creating huge debt, but neglect the future consequences it will have over themselves. It's not credit card or casinos' fault, it's gamblers' fault. Credit cards are great tools which help us a lot on our daily purchases and allow us to have access to more goods and products at once we couldn't if we just had debit cards.

What the society can do is to launch campaigns to educate people on this matter, explaining them the negative implications of using credit card for gambling, mentioning examples of gamblers who have already found themselves on this nasty situation. Anyway, the final alternative will always be decided by the individual himself who can ignore all the warnings and still act irresponsibly, or educate himself and change his attitudes.

[Webetcoins]

I think credit cards usage depends a lot on country. In my country, credit cards have very low rates compared to inflation so not using credit cards in anything (literally) seen as being dumb. But I read that its totally different in many other countries cause credit cards can make you get debts with very high rates. I think this is not that much related to gambling, people are sort of not very into calculating their finances. But still I suggest noone to relying too much on credit cards when you are gambling.

If someone lives in a country and is using a credit card that allows them a lot of credit then it all boils down to how serious they are about their gambling activities and whether they have enough self-control to control the urge to gamble when they have played enough for a day or a week based on how much credit they should use, and if someone lacks self-control and don't even have a count about how much they've spent, using a credit card for gambling can be very bad for them.

Actually, it is much better if someone uses money instead of using a credit card that allows them to borrow money that they don't have which will keep putting more and more interest on them over time and they will obviously have a very hard time repaying that money if they spend a lot of it.

[Distinctin]

I think credit cards usage depends a lot on country. In my country, credit cards have very low rates compared to inflation so not using credit cards in anything (literally) seen as being dumb. But I read that its totally different in many other countries cause credit cards can make you get debts with very high rates. I think this is not that much related to gambling, people are sort of not very into calculating their finances. But still I suggest noone to relying too much on credit cards when you are gambling.

If someone lives in a country and is using a credit card that allows them a lot of credit then it all boils down to how serious they are about their gambling activities and whether they have enough self-control to control the urge to gamble when they have played enough for a day or a week based on how much credit they should use, and if someone lacks self-control and don't even have a count about how much they've spent, using a credit card for gambling can be very bad for them.

Actually, it is much better if someone uses money instead of using a credit card that allows them to borrow money that they don't have which will keep putting more and more interest on them over time and they will obviously have a very hard time repaying that money if they spend a lot of it.

It fuels gambling addiction in people who do not have self-control or lack self-control. That's the reason why some countries choose to ban the use of credit cards for gambling. It's for the good of gamblers, at least those who have gambling problems. Since credit cards are accessible for everyone, they can't just restrict a group of people or specific individuals. What they are doing is to prevent the problem from happening because, as they say, prevention is better than cure.

You know, when you are running a country and you see that the number of addicted gamblers is increasing, you'll investigate to find the root cause of the problem. So, if the government restricts or bans credit cards in gambling, you can expect that they have already conducted thorough studies before implementing it.

[carlisle1]

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.

That is just people's irresponsability. They think only on the instant pleasure they are going to have when creating huge debt, but neglect the future consequences it will have over themselves. It's not credit card or casinos' fault, it's gamblers' fault. Credit cards are great tools which help us a lot on our daily purchases and allow us to have access to more goods and products at once we couldn't if we just had debit cards.

What the society can do is to launch campaigns to educate people on this matter, explaining them the negative implications of using credit card for gambling, mentioning examples of gamblers who have already found themselves on this nasty situation. Anyway, the final alternative will always be decided by the individual himself who can ignore all the warnings and still act irresponsibly, or educate himself and change his attitudes.

Sad truth, which as an individual you are the one who's in control of the actions that you are going to do in your life,

Yes, it's no one but you who allows things to happen. Having credit cards that allow you to barrow money is your sole responsibility for how you
going to use it and how will you manage to limit yourself.

Keep in mind that in each action there's always a corresponding obligation, always check and balance your capabilities to handle things
it's you who needs to adjust always.

[bettercrypto]

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.

There would be no need for a credit card if a player were the only one with a specific amount to wager in a casino, but in real life, other players frequently carry a number of credit cards in their wallets.

However, as others have noted, it's a careless practice of yours where you waste cash that was just loaned to you and then pay a lot in interest because the lender is a bank; in other words, it's not a wise move.

[Z390]

The role of the government must be to be able to create prohibitions or special regulations regarding credit cards used for gambling facilities, so that people can avoid debts that accumulate due to gambling.  This will of course have an impact on the economy which will get worse if the government allows it to drag on.

Generally, credit cards are used for shopping purposes to make it easier for users without having to spend cash, but if they are used for gambling, of course, it will have a bad impact on the user and more and more people will become addicted to gambling
This will certainly make it easier for gamblers when they don't have money, they will continue to gamble in the hope of being able to cover their debts later when they win a bet and they will continue to repeat this method.

Listen to yourself, credit cards are used for shopping purposes to make it easier for users without having to spend cash, yet they can also do shopping on debt, and pay later, I believe this is also encouraging debt, maybe not to the level of using Credit Cards for gambling, but the government are aware of this, now it's only a problem after people are going bankrupt using Credit cards on gambling, very laughable.

I think the solution to this is for the government to ban casinos from allowing Credit cards for gambling on their platform, I know many people will still go bankrupt because they will use other payment solutions but it will be limited compared to before, Credit card gambling encourages gambling on debt than every other payment solutions available on online casinos.

[piebeyb]

I think the solution to this is for the government to ban casinos from allowing Credit cards for gambling on their platform, I know many people will still go bankrupt because they will use other payment solutions but it will be limited compared to before, Credit card gambling encourages gambling on debt than every other payment solutions available on online casinos.

Yes, actually without a credit card, there are still many other payment systems that trigger people to become addicted to gambling, but indeed credit cards are more dangerous than other payment systems, it's a good idea for casinos not to add access to credit card payments to help deal with this or the government will also step in. hands to prohibit it, because of course it can make people uncontrolled in gambling.

I also never want to try gambling with a credit card even though I have one because it's better to use crypto or money that I have, even if it's only a little, at least it can be fun, it doesn't matter to me as long as I don't go into debt using a credit card because that will create other new problems, use it. money I was prepared to lose

[BitcoinTurk]

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.

Every rule applied or taken economically is realized by the occurrence of many events. Just as we both mentioned gambling with a credit card causes a person to gamble with debt and lose money in addition to spending all his/her money. This causes individuals to be prosecuted and penalized through the legal process with the bank if the debt cannot be paid. Of course, when this is the case countries prohibit gambling with credit cards in order to avoid using credit cards for gambling expenses and to minimize such situations. For these reasons, in order to minimize the risk of gambling with borrowed money alternative payment methods are accepted and the person is allowed to gamble only with his/her own money. Of course, such restrictions are not a complete solution but they minimize all potential possibilities.

For example, a person cannot directly gamble with a credit card because many countries have banned the use of credit cards as a payment method for gambling but since it is possible to buy cryptocurrency with a credit card, anyone can easily buy cryptocurrency and gamble with this money. In other words, every precaution taken only prevents the person from spending money on gambling more easily but cannot completely prevent it.

[dezoel]

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.

Well, all credit cards have certain limits and you cannot gamble if you have used a certain portion of the funds already. Similarly, if you are using crypto to gamble, you may tend to take loans etc if you need to fulfil your urge to gamble once you have lost all your money.

An addict to gambling will always find ways to get money from difference sources and gamble with them.

If you are just a starter in using a credit card, your limits might still be low which are fine to use than any other payment methods because you can get overboard with them, but once your credit card limit goes up, things should becoming more risky if you lack a control of your self. No wonder why some countries announce a banning of it.

I am using a crypto to gamble but luckily I don't take loans when my urge kicks in because if it happens I usually have cryptos already in my wallet to start playing again. This is the advantage of being not addicted to gambling. You will have a peace of mind and you won't always run out of crypto/money.

[shogun47]

One of the biggest problems is that credit cards often have a delayed effect on someone's accounts and they can be paid back in installments. This is dangerous as it can snowball over time when someone loses oversight over the accounting one the one hand, and on the other hand delayed payments opens the door to the wrong thinking that money that was lost today could be made back tomorrow, so no pressure. But this doesn't only apply to gambling. Whoever follows the news or reads articles knows that never before have more people be indebted I think because of all these offers of installment payments. It is a business strategy especially from the companies that can afford it.

[darkangel11]

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.

This is a huge debit that person was allowed to used. My bank will allow you to take something close to your yearly income. I don't know how they calculate this to be honest but when I was making 1k USD a month they were always allowing me to take instant credit of 15k. If that man needs 12 years to pay it back he must've been allowed something like 6x his yearly wage (because you're never able to pay back 100% of your income. A man has to eat and all that. That's a crazy bank or you're exaggerating.

If we're blaming credit cards for gambling addiction, why don't we start blaming alcohol producers for alcoholism, gun makers for gun violence and so on?

[TheSpiral]

In our country gambling is not allowed and with credit card there is no option to do gambling but some people still gamble silently therefore they not just betray government but also betray themselves and their families. Credit cards are the last option with gambler to continue gambling so when they loss all the money then their families do not allow them in their homes as they are afraid of getting harm from them.

There will be no effect on gambler no matter how much advise we give them because there is an wrong concept in their mind that if they leave bitcoin then they will be empty handed but they should also remember that with gambling they will be more empty handed as gambling offering nothing to them instead of snatching whole amount in a second.

[Mauser]

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.

Using the overdraft feature on Credit Cards is the worst possible way to take out a loan. At least in my country the Credit Card was designed to give quick and easy money at insanely high interest rates that should only be used for several weeks and never longterm. Any other source for a loan offers usually much lower interest rates are designed more longterm. There are already hard caps on the amount a credit card company can charge their customers, but this is still way to high and can lead to a downward spiral where the monthly interest cost are way too high to get out of it. For me using the credit card usually only happens during vacations and even then I like to have a tight control over my budget. A good friend of my parents is struggling for more than 10 years with their finances each month and uses a credit card to pay for all the things she can't afford it. The problem is that she is addicted to shoppng and needs to buy new clothes each month, but doesn't have any money to afford it. That the best example of you can spend most of your money each month to only pay back interest and never get out of the debt trap. In gambling it's even worse, we should never use borrowed money for gambling and definitely not the worst possible option with credit card debt.

[retreat]

Sometimes the convenience provided by credit cards can be a disaster for those who do not understand good financial management, especially in the case of using credit cards for gambling. Using credit cards for gambling can be much worse because besides users increasing debt by using credit cards, they also use them for something unproductive which can disrupt their finances. Credit card companies should prohibit the use of credit cards on gambling platforms, but it is a shame that they do not care about such things.

[wxa7115]

Sometimes the convenience provided by credit cards can be a disaster for those who do not understand good financial management, especially in the case of using credit cards for gambling. Using credit cards for gambling can be much worse because besides users increasing debt by using credit cards, they also use them for something unproductive which can disrupt their finances. Credit card companies should prohibit the use of credit cards on gambling platforms, but it is a shame that they do not care about such things.

They do care and credit card companies all over the world are forbidding the use of credit cards to gamble, now do not be mistaken, they are not doing this because they care about the well-being of their customers, they are doing this as they have realized this is money that is going to be difficult to recover.

Still regardless of the reason this is at least a good thing, since on the past it was not rare for those that were addicted to not only lose everything they had but to accumulate huge debts on top of it, at least now such a scenario should be less likely and make it easier for those that suffered from an addiction to financially recover from it.

[Iroh]

Since we are walking around here with same post ideas, could someone tell the difference why gambling with credit card is bad, and making purchases with credit card isnt that bad? While in both cases we use borrowed money

It all depends on the individual and how disciplined that individual is using a credit card. Using your credit card for shopping or for gambling purposes is to a certain extent, the same thing.
A lot of people can quickly max out their credit cards making purchases others may consider irrelevant. It’s more or less the same as a gambler maxing out credit cards as a result of gambling. In both situations, people abused the service cause of their habits. You won’t fault a service for the behavior someone who’s indisciplined.
Credit cards should be used sparingly

[ethereumhunter]

Sometimes the convenience provided by credit cards can be a disaster for those who do not understand good financial management, especially in the case of using credit cards for gambling. Using credit cards for gambling can be much worse because besides users increasing debt by using credit cards, they also use them for something unproductive which can disrupt their finances. Credit card companies should prohibit the use of credit cards on gambling platforms, but it is a shame that they do not care about such things.

Most people who use credit cards want to show off to the people around them and show that they can pay for whatever they want by swiping their credit cards. But they will be confused about paying their bills at the end of the month because they have made a lot of purchases. If they can calculate their credit card usage and still be able to pay bills that are not too large, they can still use the credit card. But if not, they have to think twice about continuing to use their credit card or cutting it up and being free from credit card bills. We must be able to anticipate using credit cards for gambling because it is not feasible. Even though we have a large salary, we still can gamble with a lot of money.

[TopTort777]

Since we are walking around here with same post ideas, could someone tell the difference why gambling with credit card is bad, and making purchases with credit card isnt that bad? While in both cases we use borrowed money

It all depends on the individual and how disciplined that individual is using a credit card. Using your credit card for shopping or for gambling purposes is to a certain extent, the same thing.
A lot of people can quickly max out their credit cards making purchases others may consider irrelevant. It’s more or less the same as a gambler maxing out credit cards as a result of gambling. In both situations, people abused the service cause of their habits. You won’t fault a service for the behavior someone who’s indisciplined.
Credit cards should be used sparingly

Agree. But no one offers to make a special KYC or ban credit card for those who make purchases. I've seen a lot of people whos earnings are low, they use public transport (not because it is convenient to get somewhere or there are traffic or parking problems, but because ticket is cheaper than liter of petrol), but have iPhone 15 pro, latest iWatch and branded clothes and they have bought it with credit card. People just suggest to do actions towards gamblers, but not towards such category of people.