Online Gambling Debts – How to Deal With the Causes and Effects of Online Gambling Debts

One thing there is no shortage of on the internet is opportunities to gamble. We are spoilt for choice, whether your fancy is for betting on sports, playing virtual card games or bingo. One of the things that makes internet gambling so potentially dangerous is that it is easily available for 24 hours a day. The real danger comes when you combine this factor with the fact that it is so easy to feel detached from the reality of money spent online. Gradually racking up a debt online does not feel the same as handing over hard earned cash from our wallet, so it is that much easier to lose track of how your online spending is mounting up.

For these reasons, debt problems from internet gambling are on the increase. In this article I hope to clarify some of the legal issues around online gambling, as well as providing some advice on dealing with the underlying problem and the debts that result from it.

Legal Issues Around Gambling Debts

When we talk about debt from online gambling it is important to be clear about the nature of the debt, because who the money is owed to does make a difference. People are often unsure about the legality of debts from online gambling. In the UK you can gamble legally on credit and incur a debt, but this debt is not then enforceable through the law.

However, there is an important point to make here, which is that this only applies when you are using credit extended by the company offering the gambling (casino, bookie, etc). If you use a credit card company to pay for internet gambling, that is a legally enforceable debt the same as it would be in any other circumstance, because you have borrowed money from the credit card company, not the casino. It is now against the law in the US to use a credit card to pay for online gambling.

You will find that many credit cards will regard a payment to an internet gambling website as a cash advance. This is then clearly borrowing money from the card company and the debt you incur can be pursued through legal action. If you do use a credit card to pay for online gambling this way, you should be aware that cash advances on credit cards are almost always charged at a much higher rate of interest than normal credit for purchases.

How To Deal With Debts Caused By Gambling

In dealing with gambling debts, there are two separate issues to tackle. One is the debt itself, and the other is the habit of gambling that led to the debt. Even if the debt is dealt with, it is likely to build up again if the root cause is not tackled too. Let us first consider the problem of paying off the debt.

The principles for tackling debt are nearly always the same, irrespective of the causes of the debt. To permanently deal with debt you should not be considering borrowing more money or paying anyone to deal with your debt for you. These courses of action are likely to deepen your debt in the long run.

With a little advice, you can deal with your debts yourself, by contacting your creditors and agreeing terms for repayment that you can afford. There is clearly more to it than that, but it is beyond the scope of this particular article. The process is straightforward and allows you to take back control of your finances.

Factors Leading To Internet Gambling Debts

It may help to have an understanding of why some people can become addicted to online gambling. The following are often contributory factors:

Gambling can be thrilling, leading to an adrenalin rush and feelings that we want to recreate time and again.

Many addictive gamblers think that they can win money and that this will solve all their other problems. It actually just leads to more problems by creating debt, which can then make it seem even more important to win the money, creating a vicious circle.

Addiction to gambling can actually be a mental disorder, which can lead to a compulsive need to gamble.

Being addicted to online gambling is often associated with other personal difficulties, including depression and stress.

Online Gambling Debts – The Warning Signs You may have a problem if you can answer yes to any of the following questions:

When you are not gambling, do you think about gambling and how you are going to get back to it?

Have you ever missed work because of online gambling?

Do you feel the need to gamble again after winning or losing?

Is the length of time you spend on gambling getting longer and have you ever spent longer online than you thought you had?

Are you secretive about your gambling with family or friends and do you dislike other people bringing it up?

Practical Steps To Tackle Online Gambling Addiction If you think you may have a problem with online gambling, here are a few simple steps you can take to begin to reduce or stop the habit:

Be open with friends and family and seek help with the problem.

Cancel any accounts you have with websites for online gambling.

Consider using software that blocks your access to online gambling websites.

Keep a proper, ongoing record of everything you spend – take steps to bring home the fact that the money you are using is real.

K D Garrow has worked as a senior manager for the last twenty years, with responsibility for significant financial control. His website offers free advice on paying off debt, including information on how to deal with online gambling debts. The site includes recommendations for the best debt management companies and advice on how to write off debt.

You Need Help To Quit Gambling For Good

Are you worried about the gambling habit of someone in your household? Undoubtedly it is the spouses, family members and loved ones that suffer as a consequence of a gambling addiction. Knowing which course of action to take can prove to be a difficult one. Quit Gambling for Good is a solution that can help the gambler within your family to come to terms with their problem and stop gambling. To the compulsive gambler knowing there is a problem and admitting there is a problem are two different matters. To the rest of the family,they just know there is a problem, a problem that needs to be addressed.

The Quit Gambling for Good guide identifies, discusses and addresses the financial, psychological, physical and emotional impacts of those surrounding problem gamblers (list below).

Types Of Gambling
Types Of Gamblers
Real Life Gambling
On line Gambling
Why On line Gambling Is Not Good
How Gambling Influences On Family/Families
Why Should You Stop Gambling
Benefits And Advantages Of Stopping Gambling
Quit Gambling! Don’t Ruin Your Life!
How To Stop On line Gambling
Ways To Stop Being Addicted To Gambling!
These adverse effects can also lead to marital disharmony or even divorce and family break ups, maybe you are a victim of these circumstances.
The impact of the on line Poker phenomenon in particular is a major contributing factor causing high levels of out of control gambling. On line poker is rapidly becoming one of the most popular gambling games at on line casinos and gaming websites on the Internet. The main reason for this popularity is the belief that it is a game of skill in which enormous cash prizes can be won. This belief is a fallacy. Skillful play will never help gamblers to win money at on line poker because winning money at on line poker is impossible.

The top poker players in the world do not play poker at gambling websites. Some top poker players may say they do only because of getting paid for endorsements. These top poker players know they can beat the other players, but that they cannot beat the house. There is not anybody on the face of this earth who can make money playing on line poker. Even the world’s best poker player will never be good enough to overcome the “rake” which is the house cut from each pot.

To digress generally, many articles have stated that gambling of which there are many forms, casinos, horse racetracks, sports betting, stock market trading, Internet gambling websites, card games, bingo parlors, gambling machines, lotteries and more is one of the fastest growing worldwide problems.

The gambling industry is out there constantly trying to exploit the weak and vulnerable with influential factors such as government and politician endorsement ,media such as TV, radio, newspapers, books,magazines,sports leagues,movies and TV shows, advertising and the Internet.

DO NOT be a victim seek help, seek out the Quit Gambling for Good [http://re-vue-me.blogspot.com/2009/10/you-need-help-to-quit-gambling-for-good.html] guide. This eBook is a must buy and a must read for every gambler and those surrounding the gambler!

When The Fun In Gambling Is No Longer Fun

Gambling is all fun and games until you hit the point where you cease seeing the fun in it, or you become irredeemably addicted.

Admittedly, most people do not see it coming. They start gambling for very noble reasons including,

1. The need to take time away from work and family pressures
2. Escape route from depressing thoughts on other issues.
3. Hopes of winning a fortune and living lavishly ever after
4. To bring a tinge of excitement into their otherwise dull lives
5. A chance to go out there, socialize and make new friends.

As you can see from the above points, no one anticipates that gambling will grow into the Frankenstein that now threatens to push them off the sanity cliff. A lot of people are able to keep their gambling under rein. They do it for fun, to pass some time and to socialize. Others lose it completely. They become slaves to online and offline gambling. It throws their lives off-balance. They start putting more time and money into gambling, and they gradually neglect other aspects of their lives.

At this point, problem gamblers look back at their lives and get surprised at how and when it happened. For a lot of people, the problem starts with a shift in mentality. A big loss or a big win, and you are hooked. You start gambling more money than you had planned to spend on gambling, you invest a lot of time in the casinos and before you know it, you are a slave to gambling. You can’t eat, sleep nor breathe without thinking gambling.

To help you understand how gambling addiction works, I have analyzed some of the most common factors that pull people deeper and deeper into addiction.

1. Illusion that You Can be in command of Chance
No one can control chance. It doesn’t favor anyone, smart or otherwise. Unfortunately many problem gamblers think that they can manage to overturn their luck on the tables through sheer power of the mind. They have this skewed illusion that they can win if only they can learn the tricks of the game. They spent hours on end in the casinos trying to perfect their game. They fail to acknowledge the fact that gambling is 100% chance and not something to be learned. There are no tricks and knowledge that will all of a suddenly overturn the tables to your favor.

2. The Lure of the Jackpot
Winning a few hands on the tables can make you feel unconquerable. Everyone loves winning, and science has proved that people remember their victories more than they remember their losses. Fortunately, or probably unfortunately in this case, new gamblers have what is commonly referred as ‘beginner’s luck’. They begin their gambling hobbies on the right foot. They become obsessed with the idea of winning the jackpot.

3. Faith of Changing Luck
In life, we are encouraged to get up after every fall. We will make it in the end. We will accomplish our goals if we do not quit. After all, who wants to quit while the gold vein could be just a few inches away. There is only one place where this advice does not apply. If your quests are governed by pure luck, there is very little chance that you will ever make it. The statistics are open for anyone who wants to take a look. Gambling only ends up in massive losses, debts and frayed social relationships. There is no better time to quit than now. Lady Luck will not smile at you anytime soon.

How To Know If You Are Addicted To Gambling
Although there are clear pointers that indicate you are going down the addiction lane, it can be extremely difficult to identify them if you do not know what they are. This is probably the saddest thing about addiction. We never know we are addicted until we take a step back and look at ourselves in hindsight, at which time the damage has already been done.

In this section, we will discuss the 5 major red flags to watch out for.

1. You Just Can’t Stop
Remember the wise Gambler who Kenny Rogers sings about? Every wise gambler knows when to hold and when to fold. Compulsive gamblers on the other hand do not have limits. They will gamble everything they have thinking that they are having bouts of fun, when in actuality they are driven by compulsions beyond their control.

2. Gambling with Money Not Meant for Fun
Problem gamblers will gamble with money that they can’t stand to lose. They do not have a set gambling budget and will often risk money meant for important things such medical bills and other utility bills.

3. Gambling to Win or to Recover Losses
If you find yourself gambling more for the sole purpose of hitting the jackpot than for fun, you need to reevaluate yourself. Same case applies if the main driving force behind gambling is to recover losses that you had suffered earlier.

4. Obsessively Thinking about Gambling
If you eat, drink and sleep thinking about gambling, you might already be too deep in the trench.

5. Borrowing to Finance Gambling
Have you ever borrowed money to finance gambling? Chances are if you have, things are not looking so good.

What other key pointers do you think indicate a problem with gambling? I believe that you know them better. You know what triggers that red flag and siren at the back of your mind. A lot of gamblers realize the symptoms that point to problematic gambling in their lives, yet stopping becomes a quagmire.

Money To And From 188bet

People have a wide range of options they can turn to when they want to bet on sports. One of the main reasons why they do it is because they want to win some extra money based on the choices they make. If you want to do the same and you know which choices are going to bring home the winnings, you should find a site you can work with for it.

There are a number of things you need to focus on before you will commit to a certain site. Since money is one of the main reasons why you get involved in this activity, you must know how you will be able to interact with the account and its balance. If you sign up for the first time with 188bet, you have to focus on how you can deposit your money.

The bets you will place on the teams or the players you will choose must be drawn from your balance. If you create an account with Marathonbet and you have no money in it, you will not be able to place your bets. This is why you have to learn more about how you can deposit your money into your account so you can start betting on sports.

There are a number of solutions you have at hand for it. 188bet is going to offer you the chance to use a number of options, but not all of them are efficient. If you want to be sure everything will take place at lightning speed and you will have your money in the account as soon as possible, you should work with e-wallet services from the start.

Marathonbet as well as most other sites choose these services because the transfers are much quicker, they are safer and they happen online. Since you do not want to waste too much time in the process and you would like to place bets on sports as soon as possible, this is one of the best options you have at hand when it comes to the transfers.

188bet works with Neteller and Skrill to get the job done. These are the sites that will allow you do keep your money online and use it every time you feel like it for any purpose. You can feed the accounts with a debit or credit card and you can withdraw money the same way. It takes about a couple of days before you can see the money in the account.

If you want to make the most of what Marathonbet has to offer and you would like to enjoy your winnings with as little hassle as possible, you have to use these e-payment sites to get the results you are looking for. It may not seem like an easy task, but once you get the hang of it, everything will become a piece of cake. If you want to be sure about your choice, you should turn to bookiebird.com to learn more about it.

Super Casino Gambling – Online and Offline

Land-based casinos and online casino revenues and site releases are growing faster then ever. Even after the dust has settled following the recent American law prohibiting deposits to online gambling companies, large organisations such as Party Gaming, Ladbrokes and VIP Casino club are all increasing their efforts to attract a wider European or global audience.

Gambling itself is a compulsive and addictive activity, with numerous regulatory societies attempting to outlaw and even ban online gambling around the globe. Regulatory environments themselves differ from country to country. While the US has sought keenly to identify ways of banning online gambling, the UK has lead the way to ensuring that online gambling remains a choice for many, but does not become a threat to others.

Its recent release of a new Gambling Act has sought to protect children and problem areas from abusive gambling, while attempting to levy a tax duty on all income from gambling both offline and online. The Act will make it illegal to entice children to gamble and there will be compulsory age checks for online gambling websites.

Its new Gambling Act will provision for the construction of Super Casinos in selected areas across the country, though this has been scaled down from an initial 40 super casinos to around 8, following complaints from the public and opposition parties. The Gambling Act will allow casinos to operate 24 hours, with unlimited jackpots, and gambling will be allowed on Sundays and Bank Holidays. As far as online websites are concerned, when the Act comes into force at the end of September 2007, companies will be able to apply for a license to operate online gambling website from a UK base.

Countries differ in terms of how they levy a tax on gambling. For example, some will tax each bet individually while countries like the UK, tax only the gross profits that gambling organisations make. Territories like Malta and Gibraltar offer competitive tax regimes as well as the benefits of an off-shore financial centre.

Australia has a large gambling population, where statistic show that 80% of its population gambles. Super casinos are also allowed in Australia, with Sydney’s Star City reputedly the size of 7 football fields. A recent study also showed that Australians spend more money each week on gambling than they do on alcohol or clothes. State government proceeds from gambling have increased to around $3.8bn per annum, since 1998.

What of other jurisdictions across the globe?

Below is a list of some countries and some interesting figures relating to gambling.

Australia

80% of population gamble

Legal age to gamble is 18

$80 billion gambling turnover in 2006

States received $3.8 billion in gambling duties 2006

Online gambling is permitted

Sweden

95% of population gamble

Legal age to gamble is 18

58 billion Swedish Crowns turnover in 2006

Government received 5 billion Crowns in tax in 2006

Online gambling is permitted

Spain

70% of population gamble

Legal age is 18

EUR30 billion gambling turnover

Receives EUR1 billion in gambling taxes

Recently allowed online gambling licenses

Macau

60% of population gamble

Legal age is 18

$6 billion in gambling takings 2006

$1 billion state revenues from gambling

Online gambling is permitted

UK

70% of population gamble

Legal age to gamble is 18 (though lotteries and pools and low stake machine permit 16)

£53 billion gambling expenditure in 2006

UK received £1.3 billion in gambling duties in 2006

Online gambling permitted

US

80% of population gamble

Legal age 18 (most casinos age 21 as this is legal alcohol age associated with casinos)

$82 billion gambling expenditure 2006

States received over $8 billion in gambling revenues 2006

Online gambling prohibited