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.

Live Poker Games Fun Facts

Poker is the most common and most famous card game in Las Vegas and internet casinos. Different poker games have become the number one choice for entertainment and casino gambling. Poker has turned into a great success and great business. Poker is simple to learn and interesting to play. Since different poker games have almost the same rules, it is quite easy to learn different poker games. Online poker is a milestone in the history of poker. It has developed online poker gambling. Now people play live poker games and gamble from the comfort of their homes.

Poker is the most talked about topic. People play and discuss poker almost every day. Because poker is very interesting to play, similar poker games have some interesting facts and figures. These facts and figures show the interest that people have towards the game, the history of poker and increase knowledge of people about poker. Some interesting facts about poker are:

o The word “Poker” has derived from a German Verb “pochen”, meaning to brag or bluff. Some people say that it has derived from a French word “poque”.

o The suits in the deck were introduced by French. These four suits represent the four classes of men in their society: Spades represent nobility, Diamonds represent merchants, Clubs represent peasants and Hearts represent clergy.

o On a deck of cards, four kings represent the four great kings of the world. The king of spades represent the David, King of Israel; the king of Clubs represents Alexander the Great, King of Macedonia; the king of Hearts is Charlemagne, King of France; and the king of Diamonds is Caesar Augustus, Emperor of Rome.

o Famous Poker games are: Texas Holdem Poker, Seven Card Stud Hi/Lo, Omaha Hi/Lo, Omaha Holdem Poker, Stud 8 or Better.

o In 1937, a new deck was tried to introduce. But people rejected it because they had to buy new decks.

o Each year more than 70 million deck of cards are sold in USA.

o At least 65,000,000 Americans regularly play poker.

o In a poker game, a standard deck of 52 cars is used. Each deck has 4 suits i.e. Spades, hearts, Clubs and Diamonds.

o John Montague, Earl of Sandwich, was a man of doubtful integrity and a compulsive gambler who lived in the 1700s. He was so reluctant to leave a card game even for a meal that he had a servant bring him a piece of meat between two slices of bread so he could eat with one hand and play cards with the other.

Online poker is simply jubilant. With over 200 online casinos, and poker rooms to choose from, trying to pick one that is trustworthy, reliable, gives you the best odds, and that you feel comfortable with, is challenging. So properly check and review the site before selecting it, because a good and reliable online casino gives you the true online poker and online gambling fun.

Playing Poker For a Living – Is This a Realistic Goal?

Of all the forms of gambling poker is the only one that can really offer a person a realistic income. There are many people that have taken up poker as a way to make a living. We have all heard of the professional poker players that make millions of dollars a year playing the game. But these pros are not the only people that depend on poker for their livelihood. More and more people are making their living playing poker.

The Bankroll

Maybe the biggest obstacle for anyone that wishes to support themselves by playing online poker, or live poker for that matter, is creating a starting bankroll. A bankroll is the amount of money you have set aside to play. A bankroll should be about 5 to 10 times the amount of money you plan on bringing to the table at one time. If you wish to make a living playing poker you will need to build a good size bankroll first.

The Grind

You are not going to make a living playing poker by just winning one large pot, you will need to put in many hours a day. This can be tiring just like any other job. Playing 5 to 7 hours a day and staying focused is a hard task. To do this you really need to love the game. You must be patient, focused, and play solid poker ever hand if you are to be a profitable player. This can be hard even for the best players.

The Swings

Unlike other jobs playing poker for a living doesn’t allow you to know how much money you are going to be bring in. There will be times when you are on a winning streak and have extra money after you pay all your bills. Other times you may have a streak of bad luck and have no income coming in. It is important to understand even if you play the best poker in the world, you are going to have swings in your game and are not always going to bring in the same amount of money ever week, month, or even year.

It is important to keep this in mind and put money aside when you are winning to help you push through bad swings in your games. Don’t find yourself not being able to pay the rent because you spent last month’s winnings on a new boat.

Know the Game

If you are going to make poker your job, you have to be better at it then those you are playing against. This requires knowing the game inside and out. Read as many books and strategies about the game you can. Always be looking for the edge over your opponents.

Most Popular Gambling Games on Land

Roulette is one of the most popular casino games in the world. It is also one of the most uncomplicated games to play. It starts when you place your bets by placing chips on the Roulette table. Once the ball lands on a number, losing gambles are removed from the table, and winning bets are compensated for. There are sixteen kinds of bets in Roulette. By placing the chips in a different way, you can bet on 1, 2, 3, 4, 5, 6, 12 or 18 numbers. American is the contemporary game of Roulette.

Among the most popular card gambling games today, poker is the most famous of all. It is also a sporting event with championships held all through the year and across the world – that is the world series of Poker.

As the popularity of gambling poker continues to rise, thanks to the media hype of the poker tournaments, gamblers are becoming allured to get their hands at gambling poker in casinos and online. A new Poker Britain Report stated that 2.9 million people are involved in gambling poker.

However, there is one more popular gambling game on land, i.e., Land-based slots. The slots cost more money to players than all table games combined. Land-based slot machines have been digital for decades, so the changeover to online games is quite a smooth one.

A number of people are perplexed when they are told that usual slot machines are comprised of just a computer within a cabinet, but this is precicely the case. Land-based slot machines are operated by a computer chip with a haphazard number generator en suite.

Letting Your PC Gamble – Giving Online Poker A Shot

It has been almost two big centuries since poker which is one of the kinds of gambling was introduced and it touched new peaks lately with the introduction of online gambling. Poker has become so popular that today we have a variety of gambling sites because of the game. Sports book was the first to be published in the Internet and this was during the 90s. Thus online poker was not the first to enter the field of online gambling.

Micro gaming was the first kind of gambling to be introduced in the Internet and this was in the year 1994. Today it has grown to become a famous developer of gaming software.

Planet poker was the first entrant to the field of online gambling and this was introduced in the year 1998. This was followed by better and bigger gambling sites in the next few years. The rate structure of a maximum of $3 which is about 5% has been considered as the industry standard since its inception.

Currently we have Paradise poker who is leading the industry of gambling online and this was introduced in 1999. Dutch Boyd created Poker spot at about the same time is noteworthy. This was the first group to enter online gambling and they started online poker tournaments. This was a success until the group faced a problem in withdrawing the deposits of the players from their credit card partners. Players were not given their share of winnings as the group itself was not given the due funds. This consequently resulted in the closure of the Poker spot group.

There were about 700 such online gambling sites by the time Poker meted out a failure. A survey conducted in March 2001 revealed that about 800 million people had gambled their funds in the net. One year later, online casino produced its first millionaire, who received 1,594,649 dollars on 30 May, 2002.

After the misfortune that befell Poker spot, online gambling sites started using. This is known to be the system which funds the online gambling sites with huge funds. Players are freed from the trouble of using the wire transfer system or credit cards when they need to deposit in an online pokers site. The introduction of Neteller’s system had reduced frauds and improved the credibility and reliability of the industry.

The year 2001 was a welcoming year for online gambling with the2 big players, Poker Stars and Party Poker entering the field. Party Pokers became the top player in the industry after they overtook Paradise in the year 2003 with their strategic advertisements on the media

They also came up with Party Poker Million along with World Poker tour to attract people across the world and they succeeded in the US. The fascinating story of Mr. Chris Moneymaker also added to the growth of online poker gambling. It is said that moneymaker paid 40 dollars to get into the poker contest.

He became a big pot in the world’s series of pokers with his success in the tournament. He is said to have defeated 839 other people who had participated in the poker contests and was declared the winner of 2.5 million dollars. The poker tournament conducted in the year is adjudged the biggest ever held in the history of Poker’s.

Mr. Moneymaker’s success became an inspiration to many people who came forward to learn and play poker online and this led to the growth of the game in different dimension in the year 2004.

Pokertips.org provides a lot of information about the game and also trains those who are interested. The online gambling firms made a lot of money during the year and the year saw two another entrants- Full tilt pokeralong with Nobel poker. Sportingbet acquired Paradise Poker and the business entered a success phase as the former was a listed company. It is optional for online casino to list themselves in the stock markets but it helps them acquire funds for the expansion of the business.

The UK government has passed a bill which makes internet gambling absolutely legal and contains certain regulations that makes an online poker a global phenomenon.

Casino Games Being Led by Aussie Poker

The world sees a proliferation of games of chance like poker and Australia is one of the nations who lead in this field. It is a common knowledge that Australia tops the world in the gambling industry, and if you talk about poker and exclude the Land Down Under from the discussions, you would be dealing with the uproar of a huge number of enthusiasts of brick and mortar casinos and online casino games. It should be made clear that Aussies have the biggest contribution in this aspect of the industry. And it should also be noted that gambling was officially permitted in New South Wales, where poker is a sensation in many clubs, bars, and casinos.

Poker is played on a machine called Pokies or simply Poker Machine, and this machine is a popular choice of many casino goers in many venues all over the country. Because of that Australia has actually purchased about thirty percent of the total number of poker machines in the world in the previous year, as the number of people taking part in gambling rose to eighty percent. However, with the increase of the gambling population, crimes related to gambling also took a climb, and it caused concerned among authorities. Like all games in gambling, poker is governed by the element of luck. As more people join aboard this type of entertainment, it became a sort of national amusement.

Poker Popularity As Influenced by Tournament Wins

It seems as though poker and Australia go together, as the land down under quickly comes to mind in discussions relating to poker. According to patrons the instant upwelling of popularity of poker in the latter years was because of what happened in 2005 when Joe Hachem saw triumph at WSOP. Many people, not only in Australia but all over the world, became curious about and interested in this game and many other games after his remarkable victory. It was like an explosion of people, which was unbelievable.

Joe, a former chiropractor, developed a rare condition that affected his hands, but his life went on despite the disability. He started playing poker and became a regular client in both brick and mortar and online casinos and was able to master the tricks and techniques. In the next few years he was seen playing against the tough rivals. His victory became a sensation and he is now known all over the world with his photos published online, and he is known as someone that must be followed for his true winning qualities.

People all over the world have already known Joe, and his determination and spirit motivated many others to strive past their hardships and misfortunes. He is not only a personality but also a source of inspiration to many people aside from the Aussies. One of the notable outcomes of his victory is the increase in the number of people participating in land based and online gambling. This activity fuelled 60 billion dollars of money in the previous year and much came from poker.

According to scientists and professional gamblers, poker shall be the most popular game of chance, perhaps more popular than online roulette.

Gaming sites online and land based casinos would want to exploit this trend by furthering services in areas where there are more clients and supporters.

About Casino Gambling – Poker, Blackjack, Roulette, Slots & Craps

Casinos… Think of Las Vegas or Monte Carlo, bright lights, ritz, glamour, people winning money, but mostly people losing money! You may be intrigued by the idea of going to a casino but don’t really know too much about them – please read on to learn more about the fun of a night out to a casino…

According to Princeton University’s ‘Wordnet’, a casino is ‘a public building for gambling and entertainment’. Don’t be overawed if you do go, relax and enjoy. You will most likely have the chance to play slot machines or one-armed bandits as they are commonly known and perhaps other games of chance and some skill. One major thing that you do need to be aware of, is the way that a casino will look to tilt the odds in its favour, which is more commonly known as the casino’s “edge”. However, some games such as poker are played with players versus players and in this case, the casino cannot get an advantage as it is not effectively playing. In these circumstances, the casino will take a “rake” on the bets that players make against each other.

If you have ever been to Las Vegas and gone to one of the casinos there, the first thing that you will notice is the fact that they more often or not have the slot machines (otherwise known as ‘one-armed-bandits’ or ‘fruit machines’) right as you go in. This is because they really don’t require too much understanding to play and it’s not uncommon to see people playing these machines for hours on end. The slot machine will typically involve a lever on the side (the one arm!) and three reels with patterns of symbols on, located in the centre of the machine. The reels revolve as you pull the lever and the idea is to generate rows of matching symbols to win, having paid your required stake via the slot usually on the front of the machine.

There may be times when you will play on a machine which will have extra options available for you to use, often giving the illusion that you will have more control over the reels and a better chance of winning. This may be the case over the short-term, but always remember that playing in casinos is fun, but the house always has the long-term advantage. To give you a quick example…if you were to play a game where you had to bet on what number would lie face up after the roll of a die, then you would expect to see the casino pay six times the amount bet for a win, but in fact the casino would pay five times to maintain its advantage.

This system is often found in famous casino gambling games like Poker, Craps, Roulette or Blackjack.

Blackjack has always been played in casinos because players will play their chips against the House dealer with the successful gambler being paid against pre-determined odds (ie by getting a true ‘Blackjack’ which in other words is a two card combination adding up to 21, the House will pay you 3:2, or 1-1/2 times your initial wager). If you play fair, the chances are that you may end up with a profit, but more often than not, the casino will win, unless you count the cards. Card counting is a black art as far as casinos are concerned and if you are caught, you will be blacklisted worldwide! Effectively, because the playing cards are only used once and then discarded, anyone with a good memory and a highly analytical mind can determine their own odds that a certain card will or will not appear again, tilting the odds in his favour.

Poker is one of the most played games in the world. Its popularity has grown massively over the past couple of years and many casinos would not offer a poker game due to the fact that they were limited to taking a rake (as discussed previously). You may be aware that poker is essentially a playing card game were players are dealt poker cards face down, and then take it in turns to place bets (represented by poker chips with a specific value) based on the strength of the cards that they hold, combined with other community cards placed face up in the middle of the poker table. The player with the strongest combination should win what’s known as the pot (the combined bets of all the players for that hand), however one of the reasons that poker is so popular is the element of ‘bluffing’ where a player may actually have a poor hand, but believes that he can make his opponents believe that he has the strongest combination by means of subtle psychology! This can be as subtle as staring one’s opponent into ‘folding’ his cards, or by moving his entire stack of poker chips into the middle of the table – what’s known as ‘going all in’.

Roulette is a classic casino game, whereby a croupier gently spins a perfectly balanced, wooden roulette wheel with either 37 or 38 recessed ‘pockets’ along the bottom edge of the roulette wheel. As the wheel begins to spin, the croupier will roll a small white ball the opposite way with the intention being for the ball to bounce of raised points on the wall and to finally come to rest in one of the numbered pockets. In European casinos, the wheel’s layout features pockets numbered 1 – 36 and alternate between red and black with the number one, coloured red and zero being coloured green. However in American casinos, you are more likely to see a second double-zero 00 pocket also coloured green.

Again the House pays out against set odds displayed on the cloth covering the roulette table. Typically this will offer 35:1 for single number bets where you bet on one number to win, 2:1 for any column of numbers, and evens for any red, any black, odds or evens.

Craps can be the most fun to play and certainly watch. It’s also the fastest game in the casino with often more than 60 bets per hour. Players will wager bets against the casino on the result of a roll of a die, or the series of rolls of two dice. The great thing about craps is that you don’t have to be rolling the dice to bet, you can bet on how lucky you (hope) the guy rolling is going to be, which is why it can be so entertaining. Essentially, the guy with the dice is called the ‘shooter’ and the basic bet in craps is called the ‘Pass Line’ bet, and by rolling a 7 or 11, the shooter will roll a pass line winner, and can play again. If he rolls 2, 3 or 12, these are known as craps and this is a pass line loss. Any other number becomes the shooter’s point and he continues. It really is a fascinating game with many more rules and options.

Avenues of Entertainment for Poker Gambling Enthusiasts

There are a lot of ways to make money in the world, but one of the most sought after ways is through poker gambling. Poker is a game that is not only a game of luck in which cards a player will receive, but it is also a game that revolves around probability, skill and talent. Sometimes, it can take players years to hone their skills. When a player becomes skilled enough, they may sometimes attempt to become a professional poker player. Some poker gambling enthusiasts are able to make hundreds of thousands of dollars a year, and there is no shortage of places for them to play.

When a person becomes a professional poker gambling player, they are circuits that they can enter to play different types of games in different championship games. This is what is traditional for poker players who turn professional on a legitimate level. However, there are many more poker gambling players who can make a substantial amount of money strictly by playing online. This can be a little bit trickier, but for the right player even more lucrative. There are a number of online poker sites, and they are open twenty four hours a day. This means that players can experience the thrill of poker gambling at any time in the day that they want to do so.

Poker gambling games can be very lucrative for the right person who is able to focus on developing their skills in poker games. In order to succeed, practice is important to the poker player.

Different Types of Betting Systems in Gambling Poker

Poker is a world renowned card game whereby players get to bet on the value of their card combination such as full house, doubles, triples, straights, or the elusive royal flush. It’s a game of skill, luck and deception.

The victor is determined when there are no other players willing increase their stakes or when the banker requests the players to open their cards to find out which player holds the largest value in their hand. Poker can be really addictive so it is advisable that you set a budget or a limit on your bets before you start playing.

However, in order to make a profit out of gambling poker, you must know how the game and the betting work. You’ll be at a huge disadvantage if you are unfamiliar with the rules and strategies to win at poker. The 3 main betting systems are:

1. Progressive Betting System – This is the most commonly used among players whereby it doesn’t require a lot of money to get started. Generally, when a player wins with the use of this system, they will end up increasing their bets each game.

2. Negative Progressive System – This is not recommended for a newbie, as it is the opposite of the progressive system which means that each time you lose, you have to increase your bets against the house. However, the payout for this is extremely high.

3. Insurance Betting System – Your initial payout will be high, and subsequent bet quantities are reduced as you win.

Whichever method you opt for, make sure you do not end up gambling more than you can afford to lose.

Gambling Poker – 3 Main Types of Poker Betting Systems

Poker is known as a Classic American Game with many different ways to play. These days, there are a plethora of different Poker Games you can play. However everything points back to one dynamic – You can preparing to get involved with Gambling Poker. People that get involved with Gambling Poker are Poker Players who want to play for a living and not just as a part time hobby or weekend pastime. Gambling Poker Players put their money where their mouth is.

When you play this game, especially if you are just starting out, don’t put up so much at first. Set a budget and stick with it. You don’t want to fall victim like so many others of playing so much you can’t figure out how to get your rent paid next month.

Also make sure when you start playing Gambling Poker to not drink before or during a game and if you start feeling tired to just walk away from the table. If you drink or play while you are tired you won’t be able to focus much on the game itself. This game requires a lot of skill and luck won’t usually get you there. Remember that if you do win, that is the best time to walk away from the table. You should never gamble your winnings in the hope of winning more.

When you play Gambling Poker you need to have a thorough understanding of how the betting system actually works. If you are not familiar with the system it could put you at a serious disadvantage. The only exception to this rule is if you are playing for fun and could care less if you lose. There are a variety of betting system they use in this game.
Some are rudimentary and some are very arduous.

1.) Progressive Betting System

The Progressive Betting System is probably the most mainstream. Whenever a player wins using this system, they end up increasing their bet incrementally each game. This game doesn’t cost as much to get started. And if you are on a winning streak you usually keep playing the house for more and more based on your winnings.

2.) Negative Progression Betting System

One very dangerous system to get involved with if you are a Gambling Poker beginner is the Negative Progression Betting System. It is the polar opposite of the Progressive Betting System. Each time you lose, you risk more and more against the house. The benefit is a huge payout if you do indeed win. But if you keep losing it can make for a very bad financial day. This system is not recommended for the beginner.

3.) Insurance Betting System

When you use the Insurance Betting System, your initial bet is very high. Subsequent bet amounts are decreased when you win.

Whatever betting system is available, it is a must to know these things so that you will know what things are happening when gambling poker.

No matter which of the 3 types of Betting System you decide to go with or which is available, you need to be aware of these things to minimize your chances of a loss. You also must be familiar with the basic rules for playing Poker. If you aren’t aware of these fundamental rules you might end up gambling more than you can afford to lose.

Be familiar with the basic Poker Rules as well as the various values and Poker Card Combinations, and be familiar with Betting Limit Protocols. Also be very familiar with all of the equipment functions. When you do this, you’ll be able to focus much more on having fun and concurrently honing in on your Poker Skills at the same time.

Make sure that you get into this Sport for the right reasons. Don’t play this sport in the hopes of supplementing your income until you get your College Degree. Always play for the sole purpose of satisfaction only.

The famous Poker Player Amarillo Slim mentioned something like, “The Game Of Poker is a game of people. It’s not about the hand that am holding, it’s the great people that I play with.”