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Author Topic: Credit card gambling fuels gambling addiction  (Read 1461 times)
macson
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October 15, 2023, 07:45:30 PM
 #221

snip

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.
Many people actually don't really understand what they are doing with the credit card they have, they think that the limit the credit card has is all their money, in fact they are very wrong, some credit card providers even deliberately collaborate with casino business owners. to make players tend to incur debt and this is what is very dangerous, if you have a credit card then never be careless to use up all the limits on the card, remember to only gamble responsibly, don't gamble with capital that you can't afford to lose.

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October 15, 2023, 08:12:05 PM
 #222

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 topay 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.



This is actually my first time of hearing that you can actually gamble using your credit card. this particular system  is not in my country so I cannot easily relate. But trust me if it's implemented in my country, it will make lot of people go into debt, because imagine a situation where I don't have money to stake a bet, but  I can still use my credit card to enable me stake my bet, pending when I will get the money to pay back, and it will deducted directly from my account. If it's made possible in my country 😁,  I'm sure I will be indebted to all the casino companies In my country. It seriously will breed a lot of addicted gamblers, the privilege will be abused and it will breed a lot of broke gamblers.

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October 16, 2023, 09:02:14 AM
 #223

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.


Yes ofcourse there's a limit to a credit card beyond which we can't use but I think the use of credit card itself makes a gambler an addict.
The reason I say this is because credit cards should be used only in case of emergencies and you don't have sufficient funds to complete your necessities or if you have a great deal/discount on cards.
If a gambler is using a credit card then he has probably used his entire savings and is only left with option of taking a credit.
Using someone else's money for gambling is a bad idea and credit card does not have our money.

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October 16, 2023, 09:05:32 AM
 #224

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 topay 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.



This is actually my first time of hearing that you can actually gamble using your credit card. this particular system  is not in my country so I cannot easily relate. But trust me if it's implemented in my country, it will make lot of people go into debt, because imagine a situation where I don't have money to stake a bet, but  I can still use my credit card to enable me stake my bet, pending when I will get the money to pay back, and it will deducted directly from my account. If it's made possible in my country 😁,  I'm sure I will be indebted to all the casino companies In my country. It seriously will breed a lot of addicted gamblers, the privilege will be abused and it will breed a lot of broke gamblers.

What country are you that credit card is not implemented?I don't think there is a country on earth that has not such system implemented honestly,as long as you have internet to access the forum in your country you should also be able to use your credit card for anything as you are making me extremely curious what country is this that they don't use credit card system?

I personally use the credit card when I am low on money as I know when I get my salary of next month I can pay that 7% amount which is in my country but depending on the country can go up to 18% as a minimum payment for the credit card.Of course this in the end fuels gambling addiction and also debt  Grin.

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October 16, 2023, 11:51:46 AM
 #225

This is actually my first time of hearing that you can actually gamble using your credit card. this particular system  is not in my country so I cannot easily relate. But trust me if it's implemented in my country, it will make lot of people go into debt, because imagine a situation where I don't have money to stake a bet, but  I can still use my credit card to enable me stake my bet, pending when I will get the money to pay back, and it will deducted directly from my account. If it's made possible in my country 😁,  I'm sure I will be indebted to all the casino companies In my country. It seriously will breed a lot of addicted gamblers, the privilege will be abused and it will breed a lot of broke gamblers.
If you have a credit card, you must use it wisely because you could experience difficulties when paying the bill. We will not find it difficult to swipe our credit card to pay for something or to gamble so we may forget how much money we have used. And it will all show up on your bill at the end of the month.

If a person cannot manage his credit card use, whether for gambling or other things, he will have to pay many bills. Therefore, it is better not to have a credit card if we feel we are not smart in managing our credit card use.

And if many people were allowed to use their credit cards to gamble, many would probably go bankrupt. They will find it difficult to control the use of their credit cards because they only need to insert their credit cards and the money will go into their gambling accounts. And this can also trigger someone to experience a gambling addiction.

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October 16, 2023, 11:59:05 AM
 #226

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 topay 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.



This is actually my first time of hearing that you can actually gamble using your credit card. this particular system  is not in my country so I cannot easily relate. But trust me if it's implemented in my country, it will make lot of people go into debt, because imagine a situation where I don't have money to stake a bet, but  I can still use my credit card to enable me stake my bet, pending when I will get the money to pay back, and it will deducted directly from my account. If it's made possible in my country 😁,  I'm sure I will be indebted to all the casino companies In my country. It seriously will breed a lot of addicted gamblers, the privilege will be abused and it will breed a lot of broke gamblers.

What country are you that credit card is not implemented?I don't think there is a country on earth that has not such system implemented honestly,as long as you have internet to access the forum in your country you should also be able to use your credit card for anything as you are making me extremely curious what country is this that they don't use credit card system?

I personally use the credit card when I am low on money as I know when I get my salary of next month I can pay that 7% amount which is in my country but depending on the country can go up to 18% as a minimum payment for the credit card.Of course this in the end fuels gambling addiction and also debt  Grin.

I'm from Nigeria, and what we usually use here is debit card, though there are very few number of persons that have credit card, but what is in general use is debit card, and you cannot make purchase if you don't have funds in it, on like credit card that gives you a leverage to still make purchase even if you don't have money at that moment, pending when you will paid your salary, so you could pay back your debt. So when I tell you that casino companies or bet sites, don't give us that leverage of credit card usage, I'm not exaggerating, because it's a real situation here.

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October 16, 2023, 12:06:32 PM
 #227

snip

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.
Many people actually don't really understand what they are doing with the credit card they have, they think that the limit the credit card has is all their money, in fact they are very wrong, some credit card providers even deliberately collaborate with casino business owners. to make players tend to incur debt and this is what is very dangerous, if you have a credit card then never be careless to use up all the limits on the card, remember to only gamble responsibly, don't gamble with capital that you can't afford to lose.
I can't agree with you. People do understand what they are doing by using their credit card for gambling. They do know how big the risk by using their creditcard for the gambling despite a big interest that must be paid by them but their addiction is far stronger to push them to use their credit card for gambling. I think that if they have two sides which are saying yes and no but the addiction has strong influence on their final decision. They were seeing credit card as the easiest way to get money.

I think that we are all know about the risk. In fact, their addiction was controlling their mind for the decision making, yet they are not having strong interest to prevent themselve to do that.
I see no solution for this other than try to leave from their addiction. They will always be looking for the way to get easy money to gamble with. This is the main problem that's hardly to be solved .

People shall be careful when using credit card caused by the interest is quite big and they will be so hard at paying their debt.

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October 16, 2023, 12:12:27 PM
 #228

Many people actually don't really understand what they are doing with the credit card they have, they think that the limit the credit card has is all their money,

It always made me laugh. And I’m also amazed that there are many companies/people who make money by helping people with bad credit history get a loan. And naturally, advertising of their services is presented as something positive: “We’ll help you get a loan!” as if a loan is some kind of gift and not a forced measure.

~ some credit card providers even deliberately collaborate with casino business owners. to make players tend to incur debt and this is what is very dangerous, if you have a credit card then never be careless to use up all the limits on the card, remember to only gamble responsibly, don't gamble with capital that you can't afford to lose.

This sounds dubious; it seems to me that there is a very large percentage of non-payers among gamblers (especially those with pronounced addictions). This is an unfavorable category of borrowers.

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October 17, 2023, 02:34:34 AM
 #229

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.


Yes ofcourse there's a limit to a credit card beyond which we can't use but I think the use of credit card itself makes a gambler an addict.
The reason I say this is because credit cards should be used only in case of emergencies and you don't have sufficient funds to complete your necessities or if you have a great deal/discount on cards.
If a gambler is using a credit card then he has probably used his entire savings and is only left with option of taking a credit.
Using someone else's money for gambling is a bad idea and credit card does not have our money.

Well it may be that if you think that if they can do it it's fine, I didn't discuss it, just because I think something, when a person wants something, they achieve it, and if that person is able to use a credit card to leave it at zero regardless He who has to pay monthly, well that's that person's problem, I couldn't do something like that, first because in the country I'm in they don't have such a developed system, well it doesn't matter if you use credit cards or not because in In reality, local money is not worth anything due to the high inflation that exists, so it is not worth having a credit card because in the end nothing will be done, it could be that in other countries people use the credit card and can give many things and many benefits, and if a person knows that by using the credit card their credit life may be in danger, because if they do not pay on time things get ugly, well, it is an option that is available, that is why When an eprpna has a credit card, they should use it for what it is, for an emergency, that is what is normally recommended, it is good to pay attention to these types of things, because later it will be worse, especially if you do not have the ability to pay. apart.

An addicted gambler will look for money from Anywhere, credit cards or where they can grant him a loan, which is quite difficult to get, but he cannot request it , as well as they can also do other types of things, such as asking for a loan from family. Friends, because an addicted person does not measure the degree of commitment that comes with lending money, and that it has to be returned, why at the time of paying, where is the addicted person going to get money from? If there is no other way, I think that by making more loans to pay what they have, this is something that is not completely correct, in fact it is one of the strongest errors that there is about a person's private economy, this is only due to To avoid all of this, it is best to Play in a Casino without using any type of banking Tool.

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October 17, 2023, 06:50:53 AM
 #230

I'm from Nigeria, and what we usually use here is debit card, though there are very few number of persons that have credit card, but what is in general use is debit card, and you cannot make purchase if you don't have funds in it, on like credit card that gives you a leverage to still make purchase even if you don't have money at that moment, pending when you will paid your salary, so you could pay back your debt. So when I tell you that casino companies or bet sites, don't give us that leverage of credit card usage, I'm not exaggerating, because it's a real situation here.
Using a debit card to gamble also risks losing large amounts of money. People need to insert their debit card to deposit money and they can start playing. And if they lose and lose all their money, they can deposit another amount directly from their debit card. And that's where problem after problem will arise and they will start losing more money on their debit card than they could ever imagine.

Using a credit or debit card will not allow you to make money but you could lose all the money. And if you use a credit card, you will have to pay a very large bill if you continue to deposit money to gamble. And that has happened to many people so they have to be careful when using their money to gamble.

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October 18, 2023, 06:24:39 AM
 #231

Credit cards are gifts of fortune to humanity if you know how to use them, and you would be doing terrible if you have no idea. Between me and my wife, we could spend as much as 20 thousand dollars on our credit cards, if we start to consider our parents that would be 6 people and we are talking about even more than 60k, something like 75k at least that we could spend on credit cards.

Many startups do not even have 75k dollars that they can spend, all those people who constantly go "I need investment for my startup venture" would be begging people for that much money, so that's a good chunk of money that you are allowed to spend without having it yourself. And yet, some people use it for gambling? That is the silliest thing that I have ever heard, it would not make any sense to spend that money on gambling when you could use it for so much and could profit so much more, it would not make any sense to keep it going like that for a long time.

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October 18, 2023, 08:02:05 AM
 #232

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 topay 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.



This is actually my first time of hearing that you can actually gamble using your credit card. this particular system  is not in my country so I cannot easily relate. But trust me if it's implemented in my country, it will make lot of people go into debt, because imagine a situation where I don't have money to stake a bet, but  I can still use my credit card to enable me stake my bet, pending when I will get the money to pay back, and it will deducted directly from my account. If it's made possible in my country 😁,  I'm sure I will be indebted to all the casino companies In my country. It seriously will breed a lot of addicted gamblers, the privilege will be abused and it will breed a lot of broke gamblers.
Loud and clear, having access to credit card without money on it will make you do stupid things and make the wrong decisions, it's credit card after all isn't it? This is why I don't have my bank account registered with any card, not even an ATM card, because it makes me want to spend unnecessarily, so instead of accepting credit cards I prefer to use online bank transfer, it's not easy to get into as I have locks with different security combinations, the easiest way I can pay for things online is using crypto is they accept it.

When it's hard to spend your money it will be hard to make bad decisions, but having access to a credit card will probably make you and up in debt, you need to know what you are doing, how much you are spending in a week, maybe you are even spending more than you should? That's why every expenses must be accountable for.

Some people just wake up everyday and go to work, they get paid while working hard but they don't calculate how much they are spending, how will such people think about saving up for investment or other things? It's an example of living a careless life.

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October 18, 2023, 10:20:02 AM
 #233

I'm from Nigeria, and what we usually use here is debit card, though there are very few number of persons that have credit card, but what is in general use is debit card, and you cannot make purchase if you don't have funds in it, on like credit card that gives you a leverage to still make purchase even if you don't have money at that moment, pending when you will paid your salary, so you could pay back your debt. So when I tell you that casino companies or bet sites, don't give us that leverage of credit card usage, I'm not exaggerating, because it's a real situation here.
Using a debit card to gamble also risks losing large amounts of money. People need to insert their debit card to deposit money and they can start playing. And if they lose and lose all their money, they can deposit another amount directly from their debit card. And that's where problem after problem will arise and they will start losing more money on their debit card than they could ever imagine.

Using a credit or debit card will not allow you to make money but you could lose all the money. And if you use a credit card, you will have to pay a very large bill if you continue to deposit money to gamble. And that has happened to many people so they have to be careful when using their money to gamble.

Both have that risk but comparing to credit card once you already empty your debit card then you are done and there's nothing you can do but
to move forward and accept that bad luck that happens to you.

Unlike with credit card, after you maximize your limit the after effect is to find ways to pay your debt and most of the time since you already
attached too much into gambling, the source of money might be risked back to continue playing.

Meaning to say that instead of paying your debt, you will use the money and you will lose it all the way.
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October 18, 2023, 12:22:54 PM
 #234

Using a debit card to gamble also risks losing large amounts of money. People need to insert their debit card to deposit money and they can start playing. And if they lose and lose all their money, they can deposit another amount directly from their debit card. And that's where problem after problem will arise and they will start losing more money on their debit card than they could ever imagine.

Using a credit or debit card will not allow you to make money but you could lose all the money. And if you use a credit card, you will have to pay a very large bill if you continue to deposit money to gamble. And that has happened to many people so they have to be careful when using their money to gamble.
In my country banks hardly issue credit cards because our financial system is still growing. Another reason might be because the National Identity System of my country is not very functional. But gambling with your debit card is like using your funds to stake. But gambling with a credit card is gambling with the money you don't even have. It is like borrowing with interest for gambling. Using both credit and debit cards can fuel gambling addiction but I think credit cards will have more negative consequences. It would have been better if the government restricted the use of credit cards because it can plunge someone into deep debt. 
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October 18, 2023, 05:16:58 PM
 #235

What country are you that credit card is not implemented?I don't think there is a country on earth that has not such system implemented honestly,as long as you have internet to access the forum in your country you should also be able to use your credit card for anything as you are making me extremely curious what country is this that they don't use credit card system?

I personally use the credit card when I am low on money as I know when I get my salary of next month I can pay that 7% amount which is in my country but depending on the country can go up to 18% as a minimum payment for the credit card.Of course this in the end fuels gambling addiction and also debt  Grin.
Maybe he is living in a country where gambling or the credit card use in it is banned? But even so, it is strange that he didn't know that it was possible on other countries. You didn't clear out if on what thing you are spending your credit.

But, I'd be glad if it's not to feed your gambling appetite. This is because there is no assurance to win more money in it but you can spend the credit in the things that you can guarantee have and use. Paying your credit this way is not going to be much tiring. What you did is right. We should first think if we can pay the credit before we start using our cards so that it won't cause us to be more problematic.

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October 18, 2023, 05:37:59 PM
 #236

Using a debit card to gamble also risks losing large amounts of money. People need to insert their debit card to deposit money and they can start playing. And if they lose and lose all their money, they can deposit another amount directly from their debit card. And that's where problem after problem will arise and they will start losing more money on their debit card than they could ever imagine.

Using a credit or debit card will not allow you to make money but you could lose all the money. And if you use a credit card, you will have to pay a very large bill if you continue to deposit money to gamble. And that has happened to many people so they have to be careful when using their money to gamble.
In my country banks hardly issue credit cards because our financial system is still growing. Another reason might be because the National Identity System of my country is not very functional. But gambling with your debit card is like using your funds to stake. But gambling with a credit card is gambling with the money you don't even have. It is like borrowing with interest for gambling. Using both credit and debit cards can fuel gambling addiction but I think credit cards will have more negative consequences. It would have been better if the government restricted the use of credit cards because it can plunge someone into deep debt. 
Risk would be bigger; imagine impulsive gamblers betting huge amount simply because for them it would be ‘free money’ if ever they would be continuously winning. Unfortunately there’s no such thing as consistent in this industry. A hard earned money would be harder to spend to something which would give you uncertainty while an amount which is not yet in your hands, with a mindset of being able to pay it partially, would be easier for sure. A gambler could be careless with gambling using credit card and not minding the total to be paid. Losing is more certain in gambling and in such way, you’d just be a gambler surprised of the amount of debt you are facing. However I won’t associate this to gambling addiction and rather poor decision making. Imagine paying the interest of the amount you have borrowed and gambled. It would obviously be bigger than it should be.

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October 19, 2023, 06:48:26 AM
 #237

Both have that risk but comparing to credit card once you already empty your debit card then you are done and there's nothing you can do but
to move forward and accept that bad luck that happens to you.

Unlike with credit card, after you maximize your limit the after effect is to find ways to pay your debt and most of the time since you already
attached too much into gambling, the source of money might be risked back to continue playing.

Meaning to say that instead of paying your debt, you will use the money and you will lose it all the way.
Yes, both present risks that will each result in losing the same amount of money. The difference is with a debit card, when we use it to gamble, the money will be used immediately and if we lose, we won't have the money anymore. But if they use a credit card, they will pay a large bill at the end of the month and if they need the money, they can't pay it. But both can cause someone to lose their money.

And that is why, if someone wants to gamble, he must determine the amount of money before gambling. He must also be able to decide on how long he needs to gamble and how much money he should use. And if you want to gamble, you should refrain from gamble excessively because it is not good for your finances.

In my country banks hardly issue credit cards because our financial system is still growing. Another reason might be because the National Identity System of my country is not very functional. But gambling with your debit card is like using your funds to stake. But gambling with a credit card is gambling with the money you don't even have. It is like borrowing with interest for gambling. Using both credit and debit cards can fuel gambling addiction but I think credit cards will have more negative consequences. It would have been better if the government restricted the use of credit cards because it can plunge someone into deep debt. 
It varies from other countries. Maybe your country limits credit cards to only people who can pay the fees or there are other reasons. But in other countries, banks can easily issue credit cards to many people and they can even gamble with their credit cards easily. People who use credit cards to gamble have no problems at all when it comes to paying their bills so everything is still working fine. And it is true what you say that using credit and debit cards can trigger gambling addiction and both have more negative consequences because they will not realize how much money they are using for gambling.

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October 21, 2023, 02:44:55 AM
Last edit: October 21, 2023, 02:55:33 AM by wxa7115
 #238

In my country banks hardly issue credit cards because our financial system is still growing. Another reason might be because the National Identity System of my country is not very functional. But gambling with your debit card is like using your funds to stake. But gambling with a credit card is gambling with the money you don't even have. It is like borrowing with interest for gambling. Using both credit and debit cards can fuel gambling addiction but I think credit cards will have more negative consequences. It would have been better if the government restricted the use of credit cards because it can plunge someone into deep debt.  
That is what it is been proposed in several countries, as in this case not only gamblers are affected due to losing even more wealth than what they had saved, even banks are suffering the consequences as it is difficult to get their money back when a gambler has used their credit cards for this purpose, since someone that is that desperate to do this most likely does not have any more money they can use to pay their debts.

And at least to me this is a move in the right direction, as the interest rates you need to pay for any money you get from your credit card are too high, to the point a single night out of control could be enough to waste years of your life as you try to pay back that debt.
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October 21, 2023, 02:22:47 PM
 #239

That's the reason why I don't link my credit card to my online casino, or I don't use my credit card to gamble because I know it will be a bad idea, and I will continue to use my credit card as I start it, so I keep away from gambling. Let's say it's my limitation; I only use the money that I allocate for gambling and have the discipline to not use other money. I value my money not to be lost, so as long as I can, I will never ever use my credit card for my hobby, which is gambling. Using my credit card for gambling is like having a debt that will take a toll on me and could get me into a tight situation, which I avoid as long as I can. Rather, I fuel my gambling from my other sidelines which I have invested. 

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October 21, 2023, 02:56:09 PM
 #240

That's the reason why I don't link my credit card to my online casino, or I don't use my credit card to gamble because I know it will be a bad idea, and I will continue to use my credit card as I start it, so I keep away from gambling. Let's say it's my limitation; I only use the money that I allocate for gambling and have the discipline to not use other money. I value my money not to be lost, so as long as I can, I will never ever use my credit card for my hobby, which is gambling. Using my credit card for gambling is like having a debt that will take a toll on me and could get me into a tight situation, which I avoid as long as I can. Rather, I fuel my gambling from my other sidelines which I have invested. 

I have the exact same reasoning for not using my credit card at all during my everyday life. The only time I use my credit card is when I go traveling and want to have another layer of security. With a credit card I can get money all around the world and have a direct credit line, so in case of an emergency I don't have to worry about having enough money on the account. This is also exactly why I would never use my credit card for gambling. The risk is too big that I would use more money than I really want to. Already the idea of having the possibility to go into overdraft during a period of bad beats is scary to me. This could lead to a downward spiral during a losing streak from which it's going to be very hard to get out of. To me the traditional way of depositing first money and then gambling with our bankroll without using credit is much better. Like that I can remain in full control and don't have to worry so much.
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