With so many opportunities available online to gamble, its no wonder that users across the globe spend hours of their time and hundreds of their hard earned dollars on playing their favourite games. These are both resources that matter a lot to an individual, especially money. Since you are not handing over hard cash every time you lose a bet, it is very easy to lose track of the amount of money spent in an online casino.
Because of these issues, there has been an increase in the number of cases of online debts. In this article, I have underlined legal issues related to gambling online as well as how a player can handle online debts from burdening his life. The legal aspect… First off, let’s understand that the person or company you owe an online debt to makes a lot of difference. For instance, it is legal to gamble on credit. However, if a debt is incurred, it cannot be enforced through the law. Keep in mind that if this debt is owed to the casino, it cannot be enforced. However, if you use your own credit card to pay for online gambles, then you are liable to pay the debt since you owe it to the credit card company. In fact, credit cards cannot be used to pay for online gambles under the US law. Dealing with online gambling debts Two issues crop up here – the debt to be paid as well as the habit of gambling that led to the debt. While the first can be paid off, a similar situation can arise because the person is an addictive gambler. Let’s consider the first one here. Paying off your debt will mean you borrow from elsewhere to pay off this money. However, this does not change the debt situation. It only changes the person to whom the debt has to be paid. A simpler and more agreeable solution would be to talk to your creditors and work out a method of repayment that would enable you to repay the money without going further in debt. What leads to online gambling debts? There are several factors that can cause people to become addicted to gambling. These are: 1. Its fun: It is an exciting game and gets you all charged up. What starts with entertainment soon becomes an addiction. 2. Money matters: The allure of winning money to solve all monetary problems brings gamblers back to the casino again and again. When they lose, they play more to recover losses, getting stuck in a vicious cycle. 3. Addiction: Once people have become compulsive gamblers, they have no choice but to keep playing since it is the only thing that makes them feel better. How to spot the warning signs… Ask yourself the following questions. If the answer to any one of them is yes, then you know you have a problem. 1. Are you continuously thinking about gambling in your free time and how soon you can get back to it? 2. Has gambling made you miss work? 3. Whether you win or lose, do you feel like gambling again after? 4. Are you spending an increasing amount of time gambling – whether online or in live casinos? 5. Are you hiding your gambling tendencies from friends and family? Ways to deal with this addiction… Try these simple ways to control and even put a stop to your gambling tendencies… 1. Let your friends and family know of your problem and ask them for help. 2. Stop playing online and cancel whatever accounts you may have with websites. 3. Install software in your computer that blocks your entry into gambling websites. 4. Maintain a ledger of your expenditure and drive home the fact that your money is real. Don't forget to find funny gambling memes on TheMokingMemes website!
3 Comments
8/19/2017 05:22:39 am
The first thing you need to know about playing poker online is the difference between online poker and online gambling. This article explains the difference in vivid detail.
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7/6/2022 11:22:16 pm
What an exquisite article! Your post is beneficial right now. Thank you for sharing this informative one.
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AuthorLinda Peterson is a founder of Gambling Blog. She writes articles on gambling topics for popular websites, such as Casinoslots Gambling Directory. Linda is from Las Vegas. Gambling is in her blood. ArchivesCategories |