Dangers of Online Gambling Addiction

Gone are the days when you have to trek to Vegas or your nearest casino or racetrack to place your bets. With the internet and the emergence of online sports books, you can now enjoy gambling from the comfort of your home.With online gambling, addiction is a bigger problem than ever. Now that gamblers don’t have to call their bookie or visit the track or casino, it is easy to hide their habits with the click of a button.Of course, placing bets through a bookie is usually illegal, so internet gambling offers yet another advantage in that you can legal place bets from anywhere with only an internet connection.With online gambling, you are often less aware of how much you are betting (and possibly losing) because you aren’t handing over cash from your wallet. Here are just a few ways you can fund your betting:Debit cardsDebit cards linked directly to a checking or other bank account are one popular way to fund your account on the betting site. This method takes wagers directly out of your bank account.Credit cardRather than having funds removed from your account, place them on a line of credit which will need to be repaid. If you don’t pay off your card each month, however, you face high interest rates and may pay far more than your winnings in interest.Wire transfersWire money to your online gambling site directly from a checking or savings account.You can also mail in a check to fund your account. Gambling sites accept almost any form of payment and they want it to be as easy and convenient as possible to fund your account and place your bets.In 2001, internet gambling exceeded $2 billion dollar. More than 100 sports gambling sites are available for you to place your bets.The American Psychological Association states that internet gambling is very addictive – as much as alcohol and many drugs.While the internet has made gambling easy and more convenient that ever, gambling is still an addictive habit that could wreak havoc on your life. Excessive gambling leads to debt and psychological and family problems.If you have a gambling problem, it is important to seek help before it is too late. Most gambling sites will close the account at your request and prevent you from re-opening the account if you explain your addiction.

Reasons Why You Should Give Up Vegas and Gamble Online

Are you a betting man? If you are, then the first thing that may come in to your mind when you think about gambling is Las Vegas or Atlantic City. Sure these places can provide you with a lot of fun and entertainment. However, traveling all the way to Las Vegas may seem to be impractical. If you don’t want to travel to another state just to have a great time gambling, then you may want to try online gambling.Online gambling is now becoming one of the most popular ways to try if lady luck is on your side. Today, you will see thousands of people gambling in the internet and thousands more are joining each day. If you love to gamble, then you will surely love online gambling.So, why is it that online gambling has become so popular? Basically, this is because online gambling has so many advantages.The first advantage is that online gambling can be done right at the comforts of your own home. If you have a computer with an internet connection as well as a credit card or debit card, you can easily sign up with one of the many online gambling websites and start trying your luck. Because there will be no noisy people, no cigarette smoke and no drunk people that may annoy you, you will be able to concentrate much harder while you play.Also, because gambling websites are competing against one another, bonuses are constantly offered to people in order for them to join their website. The bonus offers here are great and can even amount up to hundreds of thousands of dollars. In fact, some websites even give away free holiday vacations, depending on the amount of money you bet on their website.Another benefit is that it will give you no obligation to tip any employees of the casino. In real casinos, you will be obligated to tip waiters, dealers, and other employees to get better service.Lastly, online gambling rules and restrictions are so strict that it can even surpass physical casinos. Also, because of the high security of these websites, you can be sure that your account here is safe as long as you have the necessary antispyware and antivirus software installed in your computer and that you join a licensed and regulated online gambling website.As you can see, online gambling has its advantages. Although you won’t really feel the true atmosphere of a casino, you can be sure that gambling online will be as much fun as gambling in physical casinos.However, you should always remember that no matter how fun gambling is, it will still be gambling. There will be no guarantees of winning every time which is why you need to be very extra careful on the way you bet. Only bet money that you can afford to lose. The fact that a lot of people who lost control and became addicted to gambling who in turn got deep in credit card debt, you should be wary of how you bet.Always remember that whether you win or lose, you should always set a limit on the amount of money to bet and lose for every session you go gambling. If you lose, don’t try betting more than the limit you set in order to get the chance to get back what you lost.

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 DebtsWhen 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 GamblingIn 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 DebtsIt 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.