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 money

Many 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 lose

Gambling 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 signs

If 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 accounts

Credit 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.

Summary

Gambling 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.

Traditional Gambling Versus Online Gambling

An Overview

Gambling nowadays is not related to a mere recreation activity albeit it has now taken a new direction into business and industry. For some it’s a pleasure activity and for the others it is a lucrative business. Although gambling is not at all a new sport which has emerged in this century, it has been a favorite of our ancestors and the historians date back the involvement into this activity to prehistoric times. It has been factually proved that even the early caveman was a gambler.

Gambling to a layman would mean sport involving money and an easy way to multiply the same. Although being a part f this sport means staking of one thing or the other. History has witnessed several incidents where not only wealth and material objects were a part of this game but also one’s own identity or the ownership of a family member was staked.

Gambling activity in this century has taken a two dimensional outlook. With high paced lives and scarcity of time for almost everything, even recreation activities are time bound. To this new age life, Internet comfortably snuggles in and creates a position of its own, thus giving room to Online Gambling. As compared to traditional gambling practices where one has to be physically available in the arena of casino, online gambling gives us the comfort of gambling in the privacy of our homes or café.

To further elaborate on both the categories of gambling lets have a closer look into the basic features of both. Traditional gambling basically has three types of games involved namely the table games, random games and gaming machines. Almost all the categories in traditional gambling requires parting with physical cash and getting them converted into chips which are of various denominations and are then further used in the game. The only division of game which does not require conversion of cash into chips is that of slot machines. Here the gambler has to place a quarter into the slot machine and pull on the lever. There are still some games where cash is deposited, but that is mainly confined to games which involve huge jackpots. Generally in such games the basic deposit only sums up to a huge amounts.

Online gambling, on the other hand, is a relatively comfortable way of enjoying the game. Needless to say the reason for its manifold popularity goes to the time factor and the availability of pleasure at the click of a button. Moreover, in order to attract more and more people into online gambling the owners make their sites tempting by offering various payback schemes and added advantages to its members. All sorts of games can be selected by just logging on the website. Basically the games available in this form of gambling can be broadly divided into two categories, one in which a particular software needs to be downloaded and the other which can be played without it as well.

Comparative Analysis of Traditional Gambling and Online Gambling

Although online gambling is gaining momentum, traditional gambling is still the undisputed leader in the business. There are pros and cons in both forms of gambling and it depends upon the personal liking of each gambler as to which form suits his or her requirement.

In traditional gambling where one can find the adrenaline rising and pressure on one’s nerves, the same is a miss in online gambling to some extent. The pleasure of winning and celebrating can be only enjoyed in the traditional gambling. The drive behind playing it again and again lies in winning and celebrating, thus giving instant boost in business of the casino owners. Winning of one motivates thousands others to remain in the game. Thus if we see the involvement, pleasure and financial aspect of gambling, no doubt traditional gambling would take a lead into it.

Online gambling, on the other hand, suits one and all to the extent of people residing in remote areas where availability of an actual casino is a miss. All it requires is a basic internet connection and you are into the pleasure of the sport. It gives you the leverage of time and space. Another advantage of online gambling can be that one can enjoy huge payouts and bonuses, but along with it the companies keep a catch of not paying the entire earned amount in order to make the gambler play for long. The reason for making a player gamble for longer durations is that generally the longer you play the chances of you losing increase, thereby making the casino owners reap higher profit margins.

In terms of business traditional gambling is favorable to the casino owners. They have all the tools and tactics available to make a gambler play and stay for long which in turn means that the odds increase in the favour of casino owners. But for a gambler, traditional form of gambling may be of loss at times as the earnings are lesser than the actual amount earned. Generally the payouts are in terms of 5 or 6 times the actual amount put at stake but the casinos pay out lesser and so results in visible loss.

Conclusion

Gambling in the eyes of gambler has its own dimensions which cannot be gauged by the critics. Form of gambling may have difference of opinions but the ultimate pleasure of sport cannot be undermined in either form of gambling.

On the other hand gambling as a line of business may mean totally different to the casino owners. They would have an altogether different stream of thoughts to analyze the two forms of gambling.

To sum up, both the forms of gambling have their own set of advantages and disadvantages and none of it can be said to be perfect. It totally depends upon the individual to choose from the options available which can satiate his or her desire.

The only common thing in both the streams is to set up individual limits and to keep his or her decisive powers strong so as to know when to draw the line.

101 Gambling Facts Before You Shell Out a Dime

As a popular form of entertainment, gambling has a rich history, and every player has the potential to become a winner in the blink of an eye. There is nothing else quite like the rush of adrenaline that can accompany the gambling experience! The gaming industry has grown exponentially for the past two decades, and the lure of gambling has drawn more and more people to the casinos as well as racetracks and Internet gambling web sites. Gambling is a fascinating pastime in many respects, and the list below will introduce you to some of the historical, statistical, and humorous tips and trivia that make this pastime special.

Did You Know?

1. At least 65,000,000 people in the United States play poker on a regular basis.
2. Playing cards as we know them today are still greatly influenced by the French, even though playing cards were invented in China. According to French lore, the cards with Spades represent royalty. Diamonds represent Merchants, Clubs represent Peasants, and Hearts represent the Clergy.
3. Former United States President Richard M. Nixon used money he had won playing poker in the Navy during World War 2 to finance his run for Congress in 1946. He must have been a good player, for it is never inexpensive to get involved in politics!
4. 87% of the people who visited Las Vegas during the year 1996 gambled.
5. Surveys reveal that 38% of the people who live in the United States have visited Las Vegas, typically to gamble.
6. The game called craps usually has some of the best bets in the casino.
7. Poker tournaments that take place on the Internet and on television have caused the Texas Hold’em variation of poker to have an enormous surge in popularity.
8. There is one slot machine in Las Vegas, Nevada, for every 8 people who live there. In 2005, the estimated population for the Las Vegas Valley is 2 million people. That’s a LOT of slot machines!

Gambling Bits and Pieces

9. Blackjack, or 21 as some people call it, continues to be the most popular table game in both online and offline casinos. It is also the game with the best odds.
10. You will see many versions of video poker in a casino, but every one of them is based upon the game of Five Card Draw.
11. In the English gambling dens during the 18th century, one employee had the unfortunate job of dice swallower. That’s right – dice swallower! He was to swallow the dice if and when a police officer raided the den.
12. If played correctly, video poker can offer some of the best odds in the casino.
13. The first slot machine in the world was invented by a Mr. Charles Fey in the year 1899. He was an automobile mechanic who wanted his customers to have something to amuse them while they waited for their cars.
14. Groucho Marx, one of the Marx Brothers, loved to play poker. He kept his poker money on him at all times, carrying it in a ‘grouch bag”. This is how he got the nickname of Groucho.
15. There are only two states in the United States that do not offer legalized gambling. These are Hawaii and Utah.
16. 57% of people in the United States bought a lottery ticket in the last 12 months. This fact, which was discovered by a Gallup Poll audit on gambling, proves that the lottery is the most popular form of gambling in the United States.
17. 68% of the folks in Las Vegas who gamble play the slot machines.

Fun and Interesting Facts

18. 24% of those living in the USA admit that they have participated in illegal gambling.
19. When studying the percentages of people who visit Las Vegas, it was discovered that the largest percentage group, 22%, was made up of senior citizens, those who are 65 and older.
20. One of the largest slot machine payouts ever recorded took place in Las Vegas back in 1998. A woman who had spent around $300 at a casino that day hit a $27.6 million dollar jackpot! No wonder slot machines are so popular!
21. Most historians have come to the conclusion that the legendary and colorful figure of the Wild West known as Wild Bill Hickock was not a very good poker player.
22. In the United States, it is not possible to take out a patent on any kind of gambling machine.
23. The card game of Texas Hold ‘Em was played for the very first time in a Texas city known as Robstown. This happened in the early 1900s. Texas Hold ‘Em was brought to Texas from Las Vegas by a small group of Texas gamblers.
24. Back in the 1970s, the average age of the people who enjoyed casino gambling ranged from 30 to 55. Nowadays, that age ranges from 17 all the way up to 70.
25. 80% of a survey group said that all gambling should be legal, and that casinos are perfectly okay.
26. A word of warning – You are not allowed to use your cell phone at a gaming table. This is generally true in all casinos. Of course, if you are playing at an online gaming table, you can do what you wish.
27. The largest casino in the world is located on the outskirts of Hartford, Connecticut in the United States. It is called the Foxwoods Casino.
28. Las Vegas has two nicknames – Las Vegas and Lost Wages.
29. Slot machines range from penny slots all the way up to those that range from $50 to $500 for each spin! These high-priced slots are usually located in what is called the ‘High Roller’ room or rooms of a casino. As a general rule, you will not see too many of these machines.

Gambling Facts and History

30. In 2007, more than $170 billion dollars was placed in bets in Las Vegas by gamblers. ‘The House’, or the casinos, won about $7 billion dollars of that money.
31. Online gaming is cool. Where else can you play video poker in your pajamas?
32. Casinos in Las Vegas are under no legal obligation to pay off any of their gambling debts.
33. The state of Nevada in the USA, home of Las Vegas, made gambling legal in the year 1931.

– During that same year, the Hoover Dam was being built by the US government.
– They didn’t want the men who were working on the dam to get involved with gambling, so an entire town, Boulder City, was built as a place for the dam workers to live.
– It was made illegal to gamble in Boulder City in the hopes that these workers would not squander the 50 cents an hour they were being paid.
– Today, Boulder City is the only city in the state of Nevada where it is illegal to gamble.

Fascinating Gambling Facts

34. To this day, the Italians and the French will still argue over who invented the game of Blackjack.
35. Millions of people are using the Internet to gamble 24 hours a day, 7 days a week.
36. Those who play the slots online as well as offline will find that a majority of the time, they will win more often playing online.
37. In horseracing or any type of sports gambling, you need to win a percentage of about 52.4% of the bets you make in order to break even. This is because a commission is charged by the house on every bet.
38. There is no rhyme, rhythm, or pattern to playing the slots. It is almost impossible to predict when you are going to win.
39. When playing poker, the Dead Man’s Hand is Aces and Eights.
40. Most people who take a vacation to Las Vegas gamble for 4 hours a day, each day they are there.
41. Some say that the game of roulette was invented by a man called Blaise Pascal, a French mathematician and inventor. Others say he merely decided what order the numbers would go in.
42. And still others claim that the game of roulette came from China. Another group swears that roulette was invented by a group of Venetian monks! It appears that no one knows the real truth.
43. Even though a line of slot machines may look identical, every one of them looks different on the inside.
44. Dice are the oldest gaming tool available to use today.
45. Blackjack was banned in America back at the turn of the 19th century. Already a hugely popular game, it went underground as folks continued to play it illegally. The ban was lifted in 1939 as Nevada prepared to introduce Las Vegas to the world.
46. Craps is an American game, but was devised as a variation of a European game played in the 17th and 18th century that was known as ‘hazard’.
47. Legend has it that a fellow by the name of Francois Blanc made a bargain with Satan in order to find out the supposed ‘secrets’ of the roulette wheel. The basis of this legend is that when you add up all of the numbers on the wheel, you end up with the number 666, a number that has always represented the devil.
48. Slot machines are capable of revealing millions of possible combinations for every minute the game is played. This is because of the random number generator, or RNG, that is inside the machine.
49. Craps got its odd name from a nickname given to the French Creoles of New Orleans, Johnny Crapauds.
50. There are two types of dice, casino dice and ‘drugstore’ dice. Casino dice are precisely made by hand to insure that they are balanced and are a perfect cube. Drugstore dice are smaller than casino dice, and are made by machinery.

Gambling Facts and Figures

51. Historians have found documentation that tells us Napoleon really enjoyed playing a game or two of 21, or blackjack when he was in exile.
52. If you add up all of the opposing sides of one dice, you will always come up with a total of 7.
53. Roulette has rules that are easier to follow and understand than most other forms of gambling.
54. Video poker has been a part of the gambling world ever since the early 1970s.
55. The game of Baccarat was once played with Tarot cards.
56. Caribbean Stud Poker is a poker variation that is very popular worldwide. It was developed from a 16th century game called Primera.
57. There are 38 numbers on an American roulette wheel, 0, 00, 1 to 36.
58. There are 37 numbers of a French roulette wheel, 0 to 36.
59. Those who live in Nevada bet around $846 each year at the casinos.
60. The game of Baccarat was invented during the middle ages by Felix Falguiere, an Italian gambler.
61. One of the fastest growing forms of entertainment all over the world is casino gambling.
62. There are 11 different ways to make a wager in the game of roulette.
63. The British call slot machines ‘fruit machines’ and ‘one-armed bandits’.
64. The gambling game of strip poker originated in New Orleans, Louisiana around 1830.
65. Backgammon is the oldest recorded game in history. This game, which originated in Mesopotamia, is called by many different monikers.
66. Gambling has become a $40 billion dollar per year industry in just the United States alone.

Things You Probably Never Knew About Gambling

67. Blackjack tables have a little in common with baseball games. The seats at the table that are around the dealer are known as ‘bases’, and are known as first, second, and third base.
68. Baccarat came to Las Vegas in 1959 at the old Sands hotel. It probably was not well like by the hotel owners, as the Sands ended up losing $250,000 the first night on the baccarat tables!
69. There are three different varieties of baccarat. They are called ‘Chemin de fer’, or railway, ‘Baccarat Banque, or Adeux Tableaux, and Punto Banto, which means North American Baccarat.
70. Blackjack team play was invented by a man known as Al Franesco.
71. The zeros on roulette wheels are called the ‘House Edge’. The zeros were originally added to the wheel by its inventor in order to increase the house odds.
72. Caribbean Stud Poker found its way to the United States in the 18th century. It first surfaced in Louisiana, and then spread west.
73. Nowadays, you can learn how to play Craps on your Iphone!

74. A pair of dice has several nicknames. They can be called ‘Boxcars’, ‘Snake Eyes’, ‘Mississippi Marbles’, or ‘Memphis Dominoes’.
75. The fastest growing industry in the world in Indian gaming, which is a $27 billion per year industry in just the United States.
76. The name ‘Blackjack’ was derived from a variation of the original game rules, in which a player who had the black Jack of Spades received a payout.
77. The worst roulette bet, and why? It’s known as the 5 number bet, 0, 00, 1, 2, 3, and once made, the house edge jumps from 5.26% to 7.89%.

78. The game of Baccarat gets its name from the worst hand possible, zero.
79. The original name of Blackjack was ‘Ving-et-un’, which translates into the word ‘blackjack’.
80. The largest win at an online casino was $1, 683,524.64.
81. A sailor had 27 wins in a row playing Craps at a Las Vegas casino back in the 1950s. The odds of this happening are 12,467,890 to 1!
82. The game of Bingo originated in Italy during the year 1530.
83. In Australia and New Zealand, the term “Housie” is used for Bingo.

Gambling Trivia You Never Would Have Guessed

84. In the entire time the game of Keno has been played, a prize of $500,000 has been won four times, two times by the same player.
85. Roulette is the oldest of all casino games.
86. Keno was used in ancient China to raise money that was used to build the Great Wall of China.
87. Keno came to the United States in the 19th century.
88. It is possible to come up with 1,474, 200 different Bingo cards.
89. Playing cards as we know them today first appeared in Europe sometime during the 1300s.
90. Modern Bingo was devised from a game known as Beano. When a player mistakenly called out “Bingo” instead of “Beano”, the name caught on everywhere.
91. A little more than 70% of the high rollers in Vegas who enjoy playing Baccarat are Asian bankers and Asian industrialists.
92. Keno goes back to the Han Dynasty in Chinese history between 205 and 187 B.C.
93. In South America and Europe, the game of Baccarat goes by the name of Punto Banco. Punto Banco is usually a high roller game.
94. The age of the youngest person to win the World Series of Poker main event was a tender 24.
95. It is possible to make 2,598,960 poker hands from a standard 52-card deck.
96. The odds of being dealt the hand known as a ‘pocket pair’ in Poker are 16 to 1.
97. There are only 4 possible Royal Flush hands in a standard 52-card deck.
98. The odds of getting a Royal Flush hand are 649,740 to 1.
99. More than 70 million decks of standard playing cards are sold each and every year.
100. That sandwich you ate yesterday got its name from a poker player. The Earl of Sandwich loved poker so much he was loathe to leave the game table, even to eat. So, he would have someone bring him bread and some meat, and the sandwich was born!
101. The nickname for a pair of 8s in the game of poker is Pocket Snowmen.