Credit card gambling fuels gambling addiction

[pawanjain]

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.

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.

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.

Credit card is a sure short way of getting poor. Staying in debt for longer periods is a short cut to getting poor.
I think government should impose restrictions on gambling sites so that they don't accept credit cards for gambling.
This simple change would create a bigger impact on the gambling addicts.

[klidex]

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.

Gambling with your own budget alone makes things worse, especially with a credit card, of course it will further worsen your financial condition. Indeed, using a credit card seems easy to do, but gambling with a credit card is very risky because if we can't control ourselves well, we will get even more involved. debt and most likely it will be difficult to repay the debt, hoping that gambling can provide many benefits is the thought of someone who cannot think intelligently because achieving victory is very difficult for gamblers who chase losses too much.
Therefore, we must be responsible gamblers so that we can control ourselves well in order to avoid greater risks.

[asriloni]

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.

There have been many countries who banned credit card from being used for gambling purpose and it's not a new thing anymore. Even regulators have been also putting this as their main concern.
It's obviously that playing the game use credit card will make people will be trapped into the big debt. It's caused by the credit card users need to pay the interest as well.

This is also making some countries like AU has been trying to banning credict card from being used for gambling purpose. The regulators will not put this as their main concern if the impact would not be so big.

[Hirose UK]

~snip~

Credit card is a sure short way of getting poor. Staying in debt for longer periods is a short cut to getting poor.
I think government should impose restrictions on gambling sites so that they don't accept credit cards for gambling.
This simple change would create a bigger impact on the gambling addicts.

No, it all depends on your ability and also your main purpose in using credit card because some rich people use credit cards as means of payment and usually they use them in certain places.
However for gambling the use of credit cards is never recommended and I don't think there are any online casinos that will accept payments using credit cards especially for online casinos based on cryptocurrency.
Indeed going into debt just to gamble is not the right action and can become bad habit because gambling is an activity that does not have certainty about when you will win and going into debt to gamble will cause difficulties in the future.

In traditional casinos you may be able to make payments using credit card but not all casinos because some have rules and regulations for every payment made by customers.
I agree that the government should place restrictions on traditional casinos that still accept credit card payments so that there are no cases of someone getting into debt just because of gambling.

[piebeyb]

Credit card is a sure short way of getting poor. Staying in debt for longer periods is a short cut to getting poor.
I think government should impose restrictions on gambling sites so that they don't accept credit cards for gambling.
This simple change would create a bigger impact on the gambling addicts.

Maybe there are several countries that prohibit the use of credit cards for gambling but not many have implemented such restrictions, after all, doesn't credit have limits? Unless using an unlimited credit card, it probably won't be suitable for gambling, especially in many cases, many gamblers have a lot of debt. to loan sharks or credit card banks and the like.

The government needs to pay attention to this so that not many of their citizens become addicts and get into a lot of debt, especially as there are many cases where addicts are terrorized because of debt and commit suicide. Of course this is a real concern so that there are no more victims like that, many people die from suicide. just a matter of debt, casinos will not stop using credit cards because for them profit is the most important thing compared to the price of human life.

[pawanjain]

Credit card is a sure short way of getting poor. Staying in debt for longer periods is a short cut to getting poor.
I think government should impose restrictions on gambling sites so that they don't accept credit cards for gambling.
This simple change would create a bigger impact on the gambling addicts.

Maybe there are several countries that prohibit the use of credit cards for gambling but not many have implemented such restrictions, after all, doesn't credit have limits? Unless using an unlimited credit card, it probably won't be suitable for gambling, especially in many cases, many gamblers have a lot of debt. to loan sharks or credit card banks and the like.

The government needs to pay attention to this so that not many of their citizens become addicts and get into a lot of debt, especially as there are many cases where addicts are terrorized because of debt and commit suicide. Of course this is a real concern so that there are no more victims like that, many people die from suicide. just a matter of debt, casinos will not stop using credit cards because for them profit is the most important thing compared to the price of human life.

Debt is a major reason for suicides. Although credit cards have limits but you never know how many credit cards a person holds.
For example, a friend of my friend holds 10 credit cards to get offers and discounts for online shopping and flights etc...
Just imagine if such a person becomes addict to gambling and starts using credit cards for gambling.
He would probably use multiple credit cards for gambling and get into a larger debt.

[Volgastallion]

Credit card is a bless for smart people and a curse for silly ones. Is easy as taht, the only thing you have to know is in wich one you are, in the smart one or in the silly one? You have to be 100% true to yourself to know that and to avoid problems in the future in the case you are a silly one.

[carlisle1]

Credit card is a bless for smart people and a curse for silly ones. Is easy as taht, the only thing you have to know is in wich one you are, in the smart one or in the silly one? You have to be 100% true to yourself to know that and to avoid problems in the future in the case you are a silly one.

Indeed, for those who knows how to use it the right way they can fully take advantage and utilize or maximize how it should be used.

While, with those who don't it can cause big problem as dividing your finances or managing your finances will be affected a lot with a single
mistake that you done with your excessive use of your credit cards.

Controlling things and make it work for you and not to work for it same with how you spend your money.

[dezoel]

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.

Gambling with your own budget alone makes things worse, especially with a credit card, of course it will further worsen your financial condition. Indeed, using a credit card seems easy to do, but gambling with a credit card is very risky because if we can't control ourselves well, we will get even more involved. debt and most likely it will be difficult to repay the debt, hoping that gambling can provide many benefits is the thought of someone who cannot think intelligently because achieving victory is very difficult for gamblers who chase losses too much.
Therefore, we must be responsible gamblers so that we can control ourselves well in order to avoid greater risks.

Using a credit card to gamble isn't easier than using cryptocurrencies for it, credit card payments are also done through banks and they know where you are spending the money which might also get you in trouble if your country isn't really in favor of gambling. Transaction times can also be an issue when you are using a credit card to make a payment or recharge your gambling account because we know that sometimes there are delays in transactions that go through our bank.

So, it's not like it's easy, but the only thing that might make someone use a credit card for gambling is because they can use more credits to gamble just like taking a loan, and you are right that it becomes a problem later on if someone uses a lot of credits in gambling and lose all the money in the account because they will have to repay the credits they've used.

[Docnaster]

Credit card is a bless for smart people and a curse for silly ones. Is easy as taht, the only thing you have to know is in wich one you are, in the smart one or in the silly one? You have to be 100% true to yourself to know that and to avoid problems in the future in the case you are a silly one.

Indeed, for those who knows how to use it the right way they can fully take advantage and utilize or maximize how it should be used.

While, with those who don't it can cause big problem as dividing your finances or managing your finances will be affected a lot with a single
mistake that you done with your excessive use of your credit cards.

Controlling things and make it work for you and not to work for it same with how you spend your money.

No matter how careful, smart and disciplined one can be, I don't think it is a wise decision to gamble with credit card. For one to be a gambler, it's absolutely sure that there are days you tend to lose your bets and sometimes you'll definitely want to gamble more at least to recover your capital which at most times, you'll still lose all the money you want to use for recovery.
So of you are the type that doesn't gamble with your credit card, you'll definitely find it difficult to fund your gambling wallet or account but with your credit card connected to your gambling wallet or account, you'll not find it difficult to gamble more. So it's unwise to gamble with your credit card in my own opinion

[Kelvinid]

Credit card is a bless for smart people and a curse for silly ones. Is easy as taht, the only thing you have to know is in wich one you are, in the smart one or in the silly one? You have to be 100% true to yourself to know that and to avoid problems in the future in the case you are a silly one.

Indeed, for those who knows how to use it the right way they can fully take advantage and utilize or maximize how it should be used.

While, with those who don't it can cause big problem as dividing your finances or managing your finances will be affected a lot with a single
mistake that you done with your excessive use of your credit cards.

Controlling things and make it work for you and not to work for it same with how you spend your money.

No matter how careful, smart and disciplined one can be, I don't think it is a wise decision to gamble with credit card. For one to be a gambler, it's absolutely sure that there are days you tend to lose your bets and sometimes you'll definitely want to gamble more at least to recover your capital which at most times, you'll still lose all the money you want to use for recovery.
So of you are the type that doesn't gamble with your credit card, you'll definitely find it difficult to fund your gambling wallet or account but with your credit card connected to your gambling wallet or account, you'll not find it difficult to gamble more. So it's unwise to gamble with your credit card in my own opinion

Credit card is supposedly not to be used for gambling or else this will be a regrettable thing to happen. A responsible gambler doesn't do this because this will lead to temptation and get out of control from spending. Credit should not be connected to any gambling platform. I'm not sure if this is allowed as I don't have any idea because I don't have it and I don't like it either. Because for me, credit cards should be used in some emergencies but not for gambling.

[goldkingcoiner]

I do not think that credit card gambling alone is what fuels gambling addiction, however I have heard of a psychological thing of that we perceive money worth more when we can touch it or see it. With a credit card, all you have to do is swipe, and that feels cheap and affordable. You do not see someone taking your cash, nor do you see a number going down. All you see is a thin plastic card getting swiped.

I am not sure what the name of this psychological phenomenon is, but I know that it exists.

[maydna]

Credit card is a bless for smart people and a curse for silly ones. Is easy as taht, the only thing you have to know is in wich one you are, in the smart one or in the silly one? You have to be 100% true to yourself to know that and to avoid problems in the future in the case you are a silly one.

When it comes to gambling, it seems that people will not think so because they will just think that now they can gamble with a lot of money from a credit card. Very rarely do people want to think about whether they are smart or stupid when using a credit card, and you can see it in people who often use it when shopping using their credit card. Maybe it's true that they have to be honest with themselves to know that and not waste their credit cards and not just use them for gambling. Perhaps people who are too stupid to only use their credit cards for gambling should cut up their credit cards so that the bill at the end of the month doesn't get bigger until they have difficulty paying the bill.

[klidex]

~snip~

Gambling with your own budget alone makes things worse, especially with a credit card, of course it will further worsen your financial condition. Indeed, using a credit card seems easy to do, but gambling with a credit card is very risky because if we can't control ourselves well, we will get even more involved. debt and most likely it will be difficult to repay the debt, hoping that gambling can provide many benefits is the thought of someone who cannot think intelligently because achieving victory is very difficult for gamblers who chase losses too much.
Therefore, we must be responsible gamblers so that we can control ourselves well in order to avoid greater risks.

Using a credit card to gamble isn't easier than using cryptocurrencies for it, credit card payments are also done through banks and they know where you are spending the money which might also get you in trouble if your country isn't really in favor of gambling. Transaction times can also be an issue when you are using a credit card to make a payment or recharge your gambling account because we know that sometimes there are delays in transactions that go through our bank.

So, it's not like it's easy, but the only thing that might make someone use a credit card for gambling is because they can use more credits to gamble just like taking a loan, and you are right that it becomes a problem later on if someone uses a lot of credits in gambling and lose all the money in the account because they will have to repay the credits they've used.

Yes, what I mean is that if someone gambles with a credit card, it looks easy, that is, it is easy to play because they can gamble with a bigger loan of course, so that they can play it freely without any obstacles when compared with their own money which is most likely used for daily living needs.

However, gambling with a credit card must be used carefully. There is nothing that prohibits using a credit card for gambling, but if cannot control yourself well and are unable to create boundaries when gambling especially if you take out a large loan, it will be a disaster for yourself if dont unable to pay the bill.

[LUCKMCFLY]

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.

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.

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.

Credit card is a sure short way of getting poor. Staying in debt for longer periods is a short cut to getting poor.
I think government should impose restrictions on gambling sites so that they don't accept credit cards for gambling.
This simple change would create a bigger impact on the gambling addicts.

Well, what I think about this is that an addict is an addict no matter what, whatever he does, whatever it is, maybe a credit card is not going to make him more addicted, the credit card simply has a limit. and once you reach it and it no longer works for you, then in this order of ideas, what you are going to do is make the bank earn more money, due to the use of the credit card, although there are many credit cards that do not allow it to be used in casinos, exchanges, brokers, because I have witnessed a Visa card, which a broker was going to pay, I was going to make a deposit and he did not allow it, which I thought was in bad taste, until that moment I did not use that card, because So why have something that doesn't work for what I really like, I stopped using it, now I have another one, which is a master card, if they tell me the same thing again, then I'll throw it away, then this type of thing When they are associated with different types of mechanisms not to be used for, that doesn't work for me, and the truth is that I used it because it is a broker where obviously you need to leave the KYC and everything related to our data, apart from that it didn't help me, so I don't I used more, who loses there? I? They, obviously, then an addict, when they are going to use a credit card, it should be because when they reach the limit I don't know if they can Access extra-credit, it may be, but it is not recommended.

I say that it is not Recommended , because it is very annoying to have a bank calling you saying that you have to pay or something similar every month only and that every time you don't pay it is one day with more interest, so things in the banks are like that They are pretty ugly, and well, that's their business model, nothing else can be done, it's what works for them and if they do it that way the player has to stick to complying or see what the consequences are, but In reality, I don't think that makes him more or less addicted, because the problem is already there, a person is not more Addicted to a credit card.

[wxa7115]

Yes, what I mean is that if someone gambles with a credit card, it looks easy, that is, it is easy to play because they can gamble with a bigger loan of course, so that they can play it freely without any obstacles when compared with their own money which is most likely used for daily living needs.

However, gambling with a credit card must be used carefully. There is nothing that prohibits using a credit card for gambling, but if cannot control yourself well and are unable to create boundaries when gambling especially if you take out a large loan, it will be a disaster for yourself if dont unable to pay the bill.

It is better to never do this, one of the most common pieces of advice people receive when it comes to gambling is to only gamble what they can afford to lose, and since the money in a credit card is not even ours and it belongs to the bank then using a credit card automatically means we are taking a loan from it.

And this means we are gambling with money we cannot afford to lose, so it does not matter how small could be the amount we are taking from our credit cards, this simply goes against the most simple rules we need to follow when gambling and as such it is simply unacceptable to do this.

[ethereumhunter]

Yes, what I mean is that if someone gambles with a credit card, it looks easy, that is, it is easy to play because they can gamble with a bigger loan of course, so that they can play it freely without any obstacles when compared with their own money which is most likely used for daily living needs.

However, gambling with a credit card must be used carefully. There is nothing that prohibits using a credit card for gambling, but if cannot control yourself well and are unable to create boundaries when gambling especially if you take out a large loan, it will be a disaster for yourself if dont unable to pay the bill.

It is better to never do this, one of the most common pieces of advice people receive when it comes to gambling is to only gamble what they can afford to lose, and since the money in a credit card is not even ours and it belongs to the bank then using a credit card automatically means we are taking a loan from it.

And this means we are gambling with money we cannot afford to lose, so it does not matter how small could be the amount we are taking from our credit cards, this simply goes against the most simple rules we need to follow when gambling and as such it is simply unacceptable to do this.

I agree with what @wxa7115 said about only gambling with money you can afford. This is intended to prevent big losses, especially since we know that gambling can make someone forget the original purpose of gambling. He can exceed the limit, especially if he uses a credit card where he can continuously deposit a certain amount of money to gamble. Previously, he only deposited enough money, but he deposited more money to continue gambling because he had found comfort in gambling.

And if we have not realized we have used a large amount of money from a credit card, we also have to pay the bill according to the money we used. Credit card companies don't want to know our reasons for using their credit cards because they only know that we have used credit cards for our benefit. Credit card companies can also close our accounts if they see that we often use their credit cards to deposit money on gambling sites because this can cause problems for them if we cannot pay the bill.

[TastyChillySauce00]

Credit card is a bless for smart people and a curse for silly ones. Is easy as taht, the only thing you have to know is in wich one you are, in the smart one or in the silly one? You have to be 100% true to yourself to know that and to avoid problems in the future in the case you are a silly one.

The addicted gambles won't even think about that. They only think about how to get money for gambling and that's it. They were so stupid but they don't even think about it. Im not be so naive if they were also helping the gambling industry to grow even faster than before.
The contributions from people who used balance from credit cards for gambling purposes have been increasing dramatically every year. It was triggering the regulators to ban it.

That's bad to see someone may be trapped by taking loan from using their credit cards for gambling purpose but to be honest if this is how industry is running on. I hope the regulators will reconsider their decision to ban it especially for AU.

[slapper]

Yes, what I mean is that if someone gambles with a credit card, it looks easy, that is, it is easy to play because they can gamble with a bigger loan of course, so that they can play it freely without any obstacles when compared with their own money which is most likely used for daily living needs.

However, gambling with a credit card must be used carefully. There is nothing that prohibits using a credit card for gambling, but if cannot control yourself well and are unable to create boundaries when gambling especially if you take out a large loan, it will be a disaster for yourself if dont unable to pay the bill.

It is better to never do this, one of the most common pieces of advice people receive when it comes to gambling is to only gamble what they can afford to lose, and since the money in a credit card is not even ours and it belongs to the bank then using a credit card automatically means we are taking a loan from it.

And this means we are gambling with money we cannot afford to lose, so it does not matter how small could be the amount we are taking from our credit cards, this simply goes against the most simple rules we need to follow when gambling and as such it is simply unacceptable to do this.

Gamble using a credit card? It's like, why would we even think about it, right? Folks, we're just borrowing the bank's money without having a plan; it's not our money. And winning isn't done that way, is it? No way

Fun, adrenaline, and calculated risk are all part of the gambling experience, but we never use borrowed funds. Healthy gambling entails taking charge of our finances and refusing to allow the bank decide how much pleasure we can have. So let's do it correctly, wisely, and securely by keeping those credit cards hidden and out of the way of our entertainment. We're going to wager sensibly, safely, and solely with our own money

[Negotiation]

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.

I agree that gambling should be handled with caution credit cards are not addictive here. Credit cards are generally more popular when it comes to travel. If addiction develops the person can control themselves as well as support their family and friends who can help their loved ones return to normal life. Sometimes gambling should be a fun activity but it can be a problem if people gamble to distract themselves from the daily problems of trying to make money or if they spend more money than they can afford.