Dealing With Gambling Debt

More often than not, those who have gambling problems or an addiction to gambling fall deep into debt. The debt becomes a major problem when it transcends owing money to casinos. Instead, gambling addiction can rack up major credit card debt, loan debt, and even extremities (though not completely unheard of) such as home equity debt. If this sounds like you, whether you own $500 or $5000, there are ways of dealing with the debt that follows the addiction.

Seek Help for the Gambling Addiction

Before you begin dealing with debt, it is imperative you get help for your addiction. It’s been proven in many cases that gambling addicts are less willing to admit their problems than someone with a substance abuse problem. Not only should you get help for yourself, but for the ones who love you; your family and your friends. Take the time to really evaluate your situation, and how it has affected you, your family and the general quality of living surrounding it all.

Cut Off Funding

It could be half to all of your paycheque, a credit card, or maybe you’ve been dipping into your savings. In either case, put a complete halt on any money put towards gambling. Cancelling a credit card is never a good idea, as it worsens your credit situation and lowers your credit score. But in the grand scheme of things, putting a stop to it now rather than racking up another large amount of money is probably for the best.

You Won’t Win Back what you Owe

Statistically speaking, the chances of you winning back what you owe are next to impossible. In fact, you’re only damaging yourself even more by putting yourself further in debt, and deluding yourself into believing something along the lines of “well I’ll win back what I owe, and then some for good measure!”

Seek Treatment

If you find doing your best and trying your hardest toward helping yourself isn’t working at all, you may need to seek a professional. In some cases, your health insurance provider may cover some or all of the treatment necessary to cure the addiction.

Pay Off Your Debt!

When you’ve controlled your addiction, begin focusing on your debt. Recognize this won’t be easy. You’re going to have to work hard, and do everything in your power to get the debt off your back. Write out a list of everyone you owe. You may have overdrafted bank accounts, or past-due credit cards. If you’re in real trouble, you may even owe a bookie or loan shark. In either case, it’s incredibly important to get your debt paid off.

Borrowing money from a loved one or a friend is a huge shot to your ego, even more so that you’ll have to fess up about your addiction and your debt. If they’re willing to help, not only do they trust you and love you enough to help, but they trust and love you enough to support you. Make note of the close friends and family who really help you; if you ever feel the urge to indulge in your former (or current) addiction; talking it out with them might help.

You could also start by selling your valuable assets. While undesirable, it’s even more undesirable to carry a debt on your shoulders, especially a gambling debt. Furniture, electronics, jewellery and even your care can bring in some money to put toward the debt.

Getting a second job could help as well, even short term and part time. Any penny counts when it is as important as a gambling debt.

In the last and extreme case – file for bankruptcy. Gambling debt can be discharged by bankruptcy, though if you incurred the debt under false pretenses, or through fraud, you will not be able to file for bankruptcy.

Top 7 Advantages of Offshore Online Gambling

No matter how objective you are there are many advantages to offshore online gambling. If you are an avid sports fan, or casino game player, or love the horse races and have been trying to find a place to do your betting, look no further than the search engine on your computer. Although you should perform your own due diligence in finding an offshore online gambling site that is both reputable and customer service oriented, Best Sports Gambling Site Reviews and Best Casino Site Reviews have taken much of the leg work out by selecting the best gambling sites in the industry. These review sites have been around for several years now, and they deliver honest sports gambling and casino sites which offer the best odds that you can trust. Below are seven reasons why you should look offshore for your next bet.

No state-to-state wagering restrictions. You can bet at any gambling site offshore. States are still fighting over what can and what can’t happen in their jurisdictions and how revenue should be divided up. Until you understand state-to-state implications you had better play offshore.Bonuses. Offshore online gambling sites have incredible volume. Recently more customers are joining because of sign up bonuses, re-deposit bonuses, and referral bonuses. One of the most important advantages to wagering offshore is that the bonus will motivate you to try their services providing the gambler a distinct advantage over the house.

No fees for gambling. Offshore gambling sites do not have parking, do not have municipalities and don’t have expensive autotote machines. They want your wagers and will not charge you for placing them.Safe, secure, and confidential. Offshore online gambling does not require you to leave your house, uses the same encryption technology as the large banks online, and have no incentive or obligation to share your data with the government or others.

No taxes. Offshore online gambling sites operate on a no-tax or tax-holiday basis. This is reflected directly in the fact that you are not obligated to report or pay taxes by your offshore gambling site.

Wagering Options. Offshore online gambling sites often offer sports, casino, horse racing and other wagering options with the same account. The best offshore wagering companies offer every bet that the track, the simulcast facility, and Las Vegas have to offer and they offer head-to-head match ups. You can even bet just about anything and everything from the stock market to who will win at the Academy Awards.

The hours of operation are flexible. Because of the Internet, offshore betting companies now have the ability to bring the action right into a gambler’s home 24-hours a day, 365-days a year. When comparing the differences between legal offshore online gambling sites, like the ones featured in the gambling review sites mentioned in this article, and the run-of-the-mill bookie is like night and day. The general manager or other management people are available for you to talk to. They have enough clerks and supervisors working during the busy periods and the online betting capability doesn’t bog down close to game time.

Benefits of Online Gambling: Top Reasons to Gamble Online

The online gambling industry is the most profitable industry on the internet. Millions of people around the world are wagering on sports online, playing online poker, bingo and even the lottery online at any of the thousands of gambling sites available on the net. Even people who have never visited a land based casino or a local bookie are finding themselves visiting online casinos and poker rooms on a regular basis.

So, what makes gambling on the internet so appealing? Yes, you can play any game of your choice without having to leave your favorite chair. Still, you will not be served free drinks; you will not be able to watch the game you have wagered on from big TV screens; you can neither see the facial expressions of your poker opponents nor to hear the sounds of the coins fall from the slot machine when you hit the big jackpot…

Here are the benefits of gambling online comparing to traditional gambling:

Diversity: how else can you jump from an online poker room to the craps table and to a bingo hall while staying seated on your most comfortable chair? Most online casinos feature a large variety of casino table games, slots and video poker machines. Moreover, in many major online gambling companies you can switch from online casino gambling to online sports wagering with the same username and account.

Bonuses: where else can you receive free money to gamble with? Most online casinos offer free money bonuses in order to entice new customers and to keep up with the competition. The bonuses can start from 10 dollars free just for downloading the casino software to a couple of thousand dollars for completing a certain required amount of raked hands

Convenience: obliviously, what can be more convenient than playing your favorite casino game in the comfort of your own home while listening to your favorite music and drinking your favorite beer? Not to mention being able to put your dealer on hold each time up you want to take a break

Smoking and Dress Codes: whether you are a smoker or a non smoker, when you are gambling online you are free from obeying the rules. Same goes for dressing, eating and drinking; you can either smoke non stop or remain in a non smoking environment; wear your sloppiest clothes or stay naked; eat, drink, talk on the phone, watch TV, whatever

Atmosphere: when you are gambling online, there are not any cocktail waitresses who will sedate you with free drinks and distract you from beating the dealer. In addition, you can set an atmosphere of your choice that can include clocks or even a source of day light

Beginner Friendly: a land based casino can be an intimidating place for the newbie gambler. The average online casino, on the other hand, is much more beginner friendly than its brick and mortar equivalent. Interactive tutorials, play money modes and the option of avoiding social embarrassment caused by misunderstanding of the rules and codes of behavior is a more pleasant welcome for the novice casino gamer or poker player

Safety: yes, gambling online is usually safer than playing in a land based casino and carrying big amounts of cash money in your pocket. Most online casinos are reliable and respectable businesses that will not risk their reputation and lose their customers base by scamming their players

In addition to the list of benefits mentioned above, online gambling offers equal opportunity for people with disabilities or those who cannot afford traveling out of their state to play in a legal land based casino.

However, reading about the benefits of online gambling makes the huge popularity of online gambling, online poker playing and online sports wagering much easier to understand.

Gods of Gambling

People like to gamble, they place bets to have fun or to earn extra cash. When they feel lucky or when someone is watching over them, they simply want to take a chance, to prove that fortune smiles on them, and betting / gambling is no exception.

Praying to God for a team to win a specific game in order for you to win a bet is more or less selfish when there are still so many bad things in the world. But what about those ancient gods of the past, people believed in them and prayed to them for fortune. The different mythologies of the world reveal powerful deities that rule over the world of gambling. Here are some of the gods that can influence the outcome of a football match in our favor:

Hermes is the Greek god of gambling, profit, hazard, and gaming. Hermes was the winged messenger of the gods. He was the god of flocks, road, trading, commerce, thieves. He is also known as Mercury in Roman Mythology. His father is Zeus, the ruler of the Greek gods.

Thoth is the Egyptian god of gambling. He had the same attributes like the Greek god, Hermes. He is the creator of magic, the inventor of writing, the messenger of the gods and the divine record-keeper and mediator. According to myth, he earned 5 extra days by gambling with the moon (then known as Iabet) in a game of dice to help the sky goddess Nut to have her children.

Macuilxochitl, (five flowers, also called Xochipilli) is the Aztec god of gambling, music, dancing. He was the god of games, from board games (Patolli) to the Aztec version of football (Ullamaliztli). Generally represented as a god of fun and dancing, Xochipilli could also send venereal disease to anyone who violates abstentions by engaging in sexual intercourse.

Li-Nezha is the Chinese god of gambling. He is probably the only one of the Chinese Gods that can reveal the winning numbers in lottery. Li-Nezha is perhaps more well-known as Nataku or Nata from Japanese anime a half-mortal war god. In ancient times mortals worship him as a God of Lotteries and Gambling.

Lakshmi, is the Hindu goddess of wealth, prosperity and fortune. Lakshmi is the consort of the god Vishnu. Hindus believe that anybody who worships Lakshmi sincerely, and not in greed, will be blessed with fortune and success. After worshipping Lakshmi on Diwali, many Hindus gamble and spend profusely, believing that Lakshmi has bestowed good fortune upon them.

Nohoilpi – The gambling god of the Navajo. Also called “He Who Wins Men”. He is a renegade son of the sun god Tsohanoai. He came down to Earth and taught his gambling games to the various tribes but soon abused his power by overcoming them at all his games of chance and collecting his winnings by enslaving people to build a city to mark his glory. He was defeated at gambling by a Navajo man send by the other gods and was thrown into the sky.

Gambling With Your Coat On – Change the Way You Bet on Football

Ask a simple question – how do bookies make money – and you’ll likely get a fistful of answers, the most popular being a shake of the head or a shoulder shrug. Or both. The real answer is actually rather prosaic. They make money by setting odds on an event that ensure that they maintain a profit margin regardless of the outcome. This is known as ‘margin’. This is why odds on outcomes change as more money is wagered – the bookie is mathematically manipulating the odds to preserve their advantage. This is known as keeping the book balanced.

Clearly there are other factors involved, such as an intricate understanding of the sport/event in question, but essentially that’s it. It stands to reason, therefore, that the bookie is basically trying to make money whatever the outcome and isn’t relying on luck. Take it a step further and you’ll realise that it must follow that the bookies are counting on relatively small margins, often as little as 4% or 5% and that, therefore, bookies depend on large numbers to make their money.

And there you have it – small margins and large numbers. Or put another way, little and often. Simple isn’t it?

What’s this got to do with you? Well, if the bookmaker doesn’t believe in luck and is quite happy to make a relatively small profit on a wager – (in percentage terms, remember, little and often) – then why not you? If you want to consistently profit in gambling, then you need to start betting smarter. You need to retrain your mind. Start thinking like a bookmaker.

This is not as easy as you might think, however, for the simple reason that most people gamble with one aim in mind – to get in return significantly more than they stake. Understandable but, ultimately, flawed. Even experienced bettors make this mistake. And it’s a mistake that the bookmakers cherish and encourage. Consider this: why are bookies seemingly delighted to publicise the punter who wins £10,000 from his seven horse 50 pence accumulator? Why would they be so happy to lose so much money? For the simple reason that they know it happens so infrequently. They know for every 1 winning seven horse accumulator there will be tens of thousands of others that will lose, so it’s ultimately in their interests to encourage this kind of rainbow-chasing.

So that’s the message of this article. Start retraining yourself. When people bet on football over 99% of them will wager in multiples – accumulators to you and me. A 4 team accumulator, for example, or a correct score double, typically to return at least 5/1, usually much more. Test your resolve. Try betting in singles. Try increasing your stake by much smaller margins, 60% or 80% or 110% or the like. In those three examples a £10 stake will give you a profit of £6 or £8 or £11. Instead of saying that’s hardly worth it, start the retraining by saying a £6 or £8 or £11 profit is perfectly acceptable and you’re on your way. Next time I’ll tell you how you can take your new philosophy to the next logical level.

Oh, and good luck.