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.

Offline and Online Casino Gambling

Gambling – offline as well as online casino gambling – has fast become a leisure activity attracting a growing number of people. Offline Casino gambling is often combined with travelling and vacations to Las Vegas, Atlantic City and quite a few other cities in the USA, with an increasing number of Indian Casinos included. Casino gambling is also a popular pursuit in Europa as well as most parts of the world. However, for some the access to casinos are limited or absent. The internet however, offers a lot of gambling and gaming opportunities for those.

In USA we can identify at least five groups of casinos or casino gaming establishments

Luxurious land based casinos
Cruise ship casinos
Indian Casinos
Riverboat casinos
Local card gaming clubs

The first city that comes to mind when we talk about luxurious casinos is Las Vegas. There has been legalized gambling in Nevada for decades but the real boom has developed over the recent years. The growth of casinos and hotels in Vegas can seem out of control. Due to the invasion from gambling and entertainment hungry people from all over the world, Las Vegas has become the fastest growing city in the United States.

Though family resorts, with theme parks and other attractions for the juniors have popped up like toad hats over the years, developers in Vegas now tend to prioritize more adult oriented establishments. The opening of the luxury Wynn casino in May 2005 is a good example of this trend. Las Vegas – with all it’s casino gambling jet set pomp and glitter – belongs to the adult generations.

The Indian casinos as well as the riverboat casinos and local gambling clubs are more sober alternatives to the luxury in Vegas. As the demand for gambling adventures are booming in all regions of the country, these kinds of casino establishments has grown equally.

The casino gambling alternative that most people find their way to is, internet casino gambling. The availability is outrageous and it is you who decide when to play and you can play from any location on the globe that has an internet connection.

If you are a newbie you can now train yourself to become an professional casino gambler from the comfort of your home. It’s good not to feel the pressure from other players when you are experimenting with different strategies and gaining your basic gaming skills. Your best teacher is your mistakes; do them peacefully from your home, without any critical I-know-best voices. Another reason for playing casino online is that you save money on a hotels, restaurants and airfares. It is also easier for disabled persons to access an online casino than an offline. Remember that an online casino is like a real casino – it has the same games; black jack, poker, roulette, baccarat, craps and others – the same excitement and you can win real money.

Just one final advice: The internet is overloaded with gambling and casino websites. Among such a big crowd of gambling offers, there has to be some bogus ones Stay away from those and keep to recommended online casino gambling websites. Good luck!