Credit card gambling fuels gambling addiction

[piebeyb]

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

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

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

[slapper]

~snip~

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

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

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

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

[Solosanz]

Why do we assume we can beat the system? Don't you know the house always wins? As you noted, responsibility is what matters. You pay for play. Simply put. Why not start smart?

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

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

[Woodie]

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.

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

Imagine someone you know telling you that it will take him 12 years to pay off his debt

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

Which makes me think that Credit card is far more helping to fuel gambling addiction more than anything else

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

[tjtonmoy]

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

[Doan9269]

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

[Westinhome]

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

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

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

[MainIbem]

I really appreciate my country for not implementing that to her citizens because if that was allowed i can't even imagine how the people in the country could had cope to finished up their debts, credit card isn't only applicable to people gambling but also shopping.

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

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

[Cookdata]

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

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

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

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

[gunhell16]

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

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

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

The credit card is not bad, but it can be a tool for us to do bad things. That's why it can also be a reason to help us, depending on how we use it. Of course, if we are not sensitive or careful, this can also be the reason for us to fall into something we don't want to happen in life.

Just for example, when we use it in gambling, it is easy to say that we will not use up its contents, but when we are in actual gambling, the situation is different. When we lose, the chances increase that we become more aggressive to fight because of the desire that we have to recover what we have lost, and when this is happening, does this signal that you should think and decide whether to stop? so it doesn't get worse. The situation is still

[Finestream]

Good thing I'm not also fond of using my credit card every time I gamble. I don't like it's high transaction fees especially that it never guarantees me to win. So I always chose to pay in cash, an amount that I can easily afford to lose. However, for me it's not using credit card that actually fuels gambling addiction but it's always the attitude of the gambler itself. If he gambles without seeing a budget limit and just decide to gamble whenever he wants to, definitely he will really fall into gambling addiction. And for those who gamble thinking that casinos are providing them source of living, then it's always possible that these gamblers will end up having gambling addiction.

[carlisle1]

Good thing I'm not also fond of using my credit card every time I gamble. I don't like it's high transaction fees especially that it never guarantees me to win. So I always chose to pay in cash, an amount that I can easily afford to lose. However, for me it's not using credit card that actually fuels gambling addiction but it's always the attitude of the gambler itself. If he gambles without seeing a budget limit and just decide to gamble whenever he wants to, definitely he will really fall into gambling addiction. And for those who gamble thinking that casinos are providing them source of living, then it's always possible that these gamblers will end up having gambling addiction.

It's always the attitude and control of the person though there's influence with the help of credit card knowing that you can use it as good as cash
but like what you mentioned, the high fees will hurt you, especially if you don't have the source for paying.

The interest will kill your you as it will keep increasing once you cannot pay for it. Remember that in each action you take, there's always
responsibilities that you need to consider.

Always think about the possible impact before taking the route. You are dealing with gambling and there's always a bad side-effects if you can't
handle the pressures.

[len01]

It's always the attitude and control of the person though there's influence with the help of credit card knowing that you can use it as good as cash
but like what you mentioned, the high fees will hurt you, especially if you don't have the source for paying.

The interest will kill your you as it will keep increasing once you cannot pay for it. Remember that in each action you take, there's always
responsibilities that you need to consider.

Always think about the possible impact before taking the route. You are dealing with gambling and there's always a bad side-effects if you can't
handle the pressures.

well, from your statement, we can take it from the positive side that using a credit card for gambling not very good and why it is not good, the reason is that you have explained that the interest on using credit card has high costs and actually credit cards are used for more important things and are used. for something more useful, not for gambling. unfortunately there are still a lot of bettors who use credit cards to gamble and if the person has a large income it wont be problem but if they are just an ordinary employee I think the salary money is just to pay credit card bills and is the same as spending money on gambling.

[Weawant]

Good thing I'm not also fond of using my credit card every time I gamble. I don't like it's high transaction fees especially that it never guarantees me to win. So I always chose to pay in cash, an amount that I can easily afford to lose. However, for me it's not using credit card that actually fuels gambling addiction but it's always the attitude of the gambler itself. If he gambles without seeing a budget limit and just decide to gamble whenever he wants to, definitely he will really fall into gambling addiction. And for those who gamble thinking that casinos are providing them source of living, then it's always possible that these gamblers will end up having gambling addiction.

The attitude of the gambler is primary as it concerns what fuels their gambling habit,, someone who has an unhealthy attitude for gambling will continue and gamble more with or without their credit cards. Credit card fueling gambling attitude is mostly seen in people who gamble on their smart devices from the comfort of their homes or space.

Most offline gambling spots or houses deals mostly with cash so credit card gambling isn't mot often found amongst them, most times people saving their card details on the site so as to avoid entering their details repeatedly is one factor that fuels the attitude subconsciously without their notice in most cases. It's advised to avoid this don't fund using your credit card as it can aswell be exposed to phishing especially when the payment window isn't secured enough.

[Hispo]

Good thing I'm not also fond of using my credit card every time I gamble. I don't like it's high transaction fees especially that it never guarantees me to win. So I always chose to pay in cash, an amount that I can easily afford to lose. However, for me it's not using credit card that actually fuels gambling addiction but it's always the attitude of the gambler itself. If he gambles without seeing a budget limit and just decide to gamble whenever he wants to, definitely he will really fall into gambling addiction. And for those who gamble thinking that casinos are providing them source of living, then it's always possible that these gamblers will end up having gambling addiction.

I thought credit cards actually had a relatively low transaction fee and only kept their interest high enough, so banks would encourage people to use their credit cards and then pay for their interest.
Perhaps, it is because some banks have an added fee towards transactions which involve gambling? Or it is a thing which is common in your country (having high fees for credit transactions)?

Sorry if those questions seem to be rather dumb in your eyes, here in my lovely land, we do not have access to credit cards, we can only use cash and debit cards to buy things, and we have been restricted from many payment processors.

[passwordnow]

Good thing I'm not also fond of using my credit card every time I gamble. I don't like it's high transaction fees especially that it never guarantees me to win. So I always chose to pay in cash, an amount that I can easily afford to lose.

There are encouraging offers from the credit card companies like waiving their annual fees and I think when you're talking about transaction fees, normally it is because of the third party or what not. I don't use it and just like you I'm not fond of it maybe if I use a credit card then it should be for things like groceries and bills where I'll get more points rather than getting possibly tracking sanctioned by the credit card company if they ever seen that I've used it for gambling transactions.

However, for me it's not using credit card that actually fuels gambling addiction but it's always the attitude of the gambler itself. If he gambles without seeing a budget limit and just decide to gamble whenever he wants to, definitely he will really fall into gambling addiction.

I agree, that a gambler will always be a gambler, and no matter what drives him it's always his decision that makes him on the track to gamble more whatever payment method he uses.

And for those who gamble thinking that casinos are providing them source of living, then it's always possible that these gamblers will end up having gambling addiction.

That is for sure but there's also the reality that there are gamblers that are doing it for life and they're considered to be real life gamblers, may not be professional as the usual ones but just casually does it and while it is there, they just rely on it until it lasts.

[lionheart78]

Why do we assume we can beat the system? Don't you know the house always wins? As you noted, responsibility is what matters. You pay for play. Simply put. Why not start smart?

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

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

Even though we know that house always wins, people still wanted to challenge that thought.  So gamblers will keep on trying to beat the house every time they wagered on any gambling games.  Sadly most people are carried away with the thought of beating the house and end up spending more and more money and having access to credit card make it worse.

So there are some governments that implement restrictions on the use of credit cards in order to save their citizen from having huge debt.

[Reatim]

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.

That is the most stupid thing that we can find in gambling , when a gambler uses Money in which not his own (meaning borrowed from credit card)
because this will add confidence that you have a complete pack of money to gamble when the truth is? you are only relying on your luck to pay that debit and once you completely lose then the problem started.

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's it , let us not become one of those to be in debt all their life just because of wrong decision in gambling.

Gambling is specifically listed in the fine print of some credit card agreements as a form of a cash advance or cash equivalent. That's bad. Here's why. Cash advance fee: This is a one-time fee charged when you take your advance, usually 3% to 5% of the amount.

Source: https://www.google.com/search?q=why+we+must+not+use+credit+card+in+gambling&sca_esv=570874343&ei=2jEeZcCxKbGm2roPlpmImAo&ved=
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ATIFECEYoAEyCBAhGBYYHhgdSJyJAVDEI1jKggFwAXgAkAEDmAGyAaABxTWqAQU1MS4yMrgBA8gBAPg BAagCCsICCBAAGKIEGLAD
wgIWEAAYAxiPARjlAhjqAhi0AhiMA9gBAcICFhAuGAMYjwEY5QIY6gIYtAIYjAPYAQHCAg4QABiKBRi xAxiDARiRAsICCBAAGIoFGJECwgIHEC4Y
igUYQ8ICCBAAGIAEGLEDwgILEAAYigUYsQMYgwHCAgsQABiABBixAxiDAcICBRAAGIAEwgIHEAAYigU YQ8ICDRAAGIoF
GLEDGIMBGEPCAhEQLhiDARivARjHARixAxiABMICCBAuGIAEGLEDwgIIEC4YsQMYgATCAgUQLhiABMI CCBAAGIoFGIYD
wgIGEAAYFhgewgIEECEYFcICBxAhGKABGAriAwQYASBBiAYBkAYEugYECAEYCg&sclient=gws-wiz-serp

actually this is one of the main reason in legality

Usually it would be playing around 2-3%
Cash advance fee: This is the fee charged every time you withdraw cash using your Credit Card. Typically, it ranges from 2.5% to 3% of the transaction amount
https://www.hdfcbank.com/personal/resources/learning-centre/pay/credit-card-cash-withdrawal-dos-and-donts

Which means that the amount of money you would really be recieving does already have that kind of deduction and you would really be double killed on the time that due date comes on which you would really be
then it would really be just that the same it would really be playing around 2-3% on which means that in overall you had already needing to pay that 4-6% in just a month and this is something that you should
instill into your mind that its never been that ideal on making use of these cards considering those deductions then you would definitely be putting up yourself on great  trouble.

Somewhat making use of CC's arent that bad as long you are really that a responsible card holder. Even myself does have some couple of CC"s but never intended to make use of it on gambling
because its never been worth and just a waste of money on spending it out. If you have decided on making use of it then be responsible on repaying it on time so that
you wont really be experiencing those deep debts on which most people do really encounter or able to experience even if we do speak with those casual
spending but ending up on not repaying on the right time.

Thanks for clarification mate and correct I missed to elaborate that part and yes that is about the deduction .
and also that responsible using of  Credit Card is correct but we also knew that there is a temptation when we have cards in our body.
we kept believing that we have expansion of our money as we can borrow instantly and I believe in that part many people are being tricked and turns a victim of this credit card/bank provider.

[maydna]

Even though we know that house always wins, people still wanted to challenge that thought.  So gamblers will keep on trying to beat the house every time they wagered on any gambling games.  Sadly most people are carried away with the thought of beating the house and end up spending more and more money and having access to credit card make it worse.

So there are some governments that implement restrictions on the use of credit cards in order to save their citizen from having huge debt.

That's because they see that several people have succeeded in winning at gambling, so they also want to feel that victory by playing longer and using more money. But the reality is that they cannot win from home because they are just players and not the owners of the casino. And this is done by credit card owners who use their credit cards to gamble. But they don't realize that credit card users use company money to gamble, and then at the end of the month, they have to pay their credit card bill. And the credit card bill will depend on how much money you use. With the government's ban, there is a step to save its citizens from unwise use of credit cards.

[temple]

Why do we assume we can beat the system? Don't you know the house always wins? As you noted, responsibility is what matters. You pay for play. Simply put. Why not start smart?

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

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

Even though we know that house always wins, people still wanted to challenge that thought.  So gamblers will keep on trying to beat the house every time they wagered on any gambling games.  Sadly most people are carried away with the thought of beating the house and end up spending more and more money and having access to credit card make it worse.

So there are some governments that implement restrictions on the use of credit cards in order to save their citizen from having huge debt.

I think those are mostly the people who do not know how to use a calculator or an excel program. Or who refuse to google the probabilities of winning on the Internet as there are countless of resources that would tell them they are doomed to lose and it is only a question of time until they are broke. There is no way to beat the house and it is really all about calculating it and seeing it with their own eyes.

The credit card trap is one way to keep people spending money they actually don't have. That's the biggest threat. Overspending of money that has never been earned or not yet been earned. It's the best way into debt that can't be paid back at some point.