How To Avoid Debt Problems Due To Gambling

With the convenience of online gambling, people can play their favorite casino games and bet on sports online with computers and hand held devices through Internet from anywhere and at any time. Online gambling provides an alternative of betting games, but at the same time, it creates new debt problem. Gambling is a high addictive game that may cause those who don’t have money to gamble to find money from various channels, include using their credit cards and borrowing from illegal lenders. Many debtors worldwide are suffering the overwhelming debt due to gambling addiction. They put themselves and their families into a very difficult financial situation. You should not get yourself into this problem. Use below 4 tips below to prevent yourself from debt problem due to gambling.1. Gambling is an entertainment, not a way to make moneyMany gamblers try to make money from online gambling. Although it possible to earn money by betting online, and there are many professional gamblers make their living from online gambling, but generally, most gamblers who aim to make easy money from online betting failed and lose not only their hard-earned money, but the money borrowed from various channels that will become their debt if they can’t pay it later. This is how the debt problem begins.If gambling is a hobby for you to fill your leisure times, it should be played as an entertainment, not a way to make easy money, unless you are a professional gambler.2. Don’t play with the money you can’t afford to loseGambling is a high risk game and there is no way to guarantee the winnings. So, don’t risk your hard-earned money if it is needed to support your living and your family expenses. Moreover, you will easily become panic if you play with the money you can’t afford to lose. It will causes you lose more money because you may bet wildly without following a winning strategy when you hit the losing streaks, if the money you use to bet is the money you can’t afford to lose.3. Get helps if you have detected the gambling addiction signsIf you find yourself always thinking of and want to logon to online casino to play the game and most of time you can’t control yourself for not logging to an online casino. It is a strong sign of gambling addiction. The convenient of online gambling makes harder to stop yourself not to gamble because you can always login to the casino or sportsbook at any time. If you have found yourself addicted on gambling, try to get helps as early as possible. Families and friends can be your initial approach to get helps. If you have deeply addicted, then you should go for professional consultation to get rid of the gambling addiction.4. Cancelled credit cards and e-wallet accountsCredit cards and e-wallets are the common banking options to fund an online gambling account. If you can’t control yourself from depositing money into your gambling accounts, then cancelling your credit cards and e-wallet accounts cause inconvenient of transferring money into the gambling accounts; hence reduce the risk of debt problem due to gambling.SummaryGambling debt can be a serious problem because it is a highly additive game that may cause you to borrow money from various channels if you have loss all your money. The money you owe will become a debt problem if you can’t pay it later. So, it should be avoided totally. Use the above 4 tips to help you prevent the debt problem due to gambling.

Addictions To Gambling on The Rise!

Over the past five years addictions to gambling have grown at an accelerated rate. Not only adults, but teenagers are gambling with out realizing the consequences. Most States including Connecticut have created agreements with Indian reservations for self gain. The states are now realizing the negative impact the Indian casino reservations are having on their taxpayers.Gambling is a silent addiction. Most people can go years with out anyone ever discovering that they gambled. Besides the local Casino’s people can now even gamble online.With today’s modern technology, if you want to gamble you can so long as you have the resources. Once your resources are depleted and you’re in debt, you will begin to seek help. This is where many states are taking notice due to people claiming bankruptcy, not paying their state taxes, getting caught committing petty crimes and even suicide.The I Stopped Gambling So Can You website continues to receive alarming emails from friends family and the compulsive gambler. The site was developed to help people associated with compulsive gambling addiction.The alarming rate in the rise of addicted individuals has caused the states to rethink what they are doing and how to help this segment of the population. The individuals who sought help through various programs now know they are not alone. The unfortunate part is in most cases they are starting all over. If the States would reach out and help these people then the outcomes may be different.If a person goes into a bar and is apparently drunk, the bartenders are not going to serve this person any alcoholic drinks and may even recommend a cab. At a casino, people use the cash machines until they are unable to take out any more money. People cash checks and even take cash advances from their credit cards, but no one at the casinos is willing to step up to the plate and help these people out.I have talked with hundreds of people who excessively gambled. These people knew they were addicted and always planned to spend a specific amount of money. After being at the casinos with all the lights, bells and whistles they fell into a trance and no longer had any control.Once the gambler leaves the casino reality sets in. They now realize they’ve lost a lot of money. They ask themselves: How did this happen? They themselvesthey will never due this again only to repeat the same behavior patterns over and over until they hit bottom and lose everything. These people were spending anywhere from $100.00 to $5,000.00 per week on their addiction. In a majority of these situations they realized they lost everything. Even after filing bankruptcy they still owed a significant amount in back taxes.The State of Connecticut receives revenues from their two Indian Run Casinos. If a taxpayer wins a Jackpot equal to or greater than $1,200.00 and resides in Connecticut they will be subject to Connecticut State Tax. The Internal Revenue Service lets you deduct your winnings against your losses but not in Connecticut.The various states are now realizing they created a major problem, but are not willing to discuss it openly. Various news stations have been reporting the negative impact, but due to the revenues generated, no one is willing to step up to the plate and help these people out.Until the local authorities take action, many lives will continue to be destroyed.Future articles will address the compulsive gambler, gambling addiction and a search to find a solution to this growing problem.You may find the following websites helpful:I Stopped Gambling So Can You
http://www.istoppedgambling.com/Compulsive Gambling Addiction[http://www.compulsive-gambling-addiction.org/][http://www.compulsive-gambling-addiction.org/]