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.

Gambling and Social Media (and Directories)

Social media platforms such as Facebook, Twitter, Flikr and MySpace allow us to stay in touch with family, friends and those even on the peripheral of our social networks. These platforms are also tailored in such a way as to group people such as by similar interests or common geographic areas which make them ideal for companies to market their products or services at almost no cost to appropriate demographics. Casinos are following suit with positive results.

Social media create tangible results for a company’s website through:

•Better Search Engine Rankings through more links

Website links develop authority when they are featured on trusted domains. Moreover, getting your website’s link posted on a popular social media site is a sure fire way of generating a high amount of traffic rapidly on your website from social media users who are curious to find out what is so special about your site

•Primary and secondary traffic

Social media generates both primary and secondary traffic. Social media sites which have links that directly send traffic to your website are useful, even if these websites have notoriously poor bounce rates (return users/readers). Even so, these websites will generate subscribers to your website. Secondary traffic is in some senses, more valuable, as these links are used by people who are interested in your content and therefore are more audience relevant

Although it is not quite the same, in the gaming industry, casino affiliate websites and directories provide a very similar service to companies in need of generating traffic to their sites, however these sites provide the added benefit of driving ultra relevant traffic and audience appropriate visitors to these casino affiliate directories because they already have the goal of gambling in mind.

Joining such websites appeal to both casinos, who can increase their SEO rankings and generate more traffic to their sites, as well as target users who like directories where they can shop for a casino at their leisure. These directories often also provide useful tips like glossaries for the beginning gambler, updates on online gambling news and quirky features like horoscopes where you can check out your luck for the year.

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The Bonuses’ System in Online Gambling Sites

At first, the idea of gambling for new gamers may become daunting in a sense, but the main important factor should be is that they should be playing in a site that offers games that will keep them entertained. There are online gaming sites based form all over the world which are open to all players and are offering payment features and deposit options that can have the liberty of choosing. When signing up, be sure to have had some real time research about the site you want to join for reliability purposes.

Many sites promise loads and you need to check whether the players are happy with their services and getting top class entertainment. Basically, at first glance, you will want to choose an online gambling site that has been in business for a considerable span of time. As you will realize, a site cannot stick to its stand if it has not gone through dealing with its players through its service options. With the internet, you can easily check out every casino from the other to know their best features and if it is worth that you bet real money in the site.

Place more and more bets to have bonuses

The gamblers of today are demanding more from these casino sites and surely, there is no other way but ensure the players by always coming up with better options for them. You get no deposit bonuses to lure you to their sites. The good thing is that even if you do not deposit cash right after you sign up, you are still offered some of their overwhelming bonuses and gifts.

There are other sites that are offering gifts for deposits and they just match them in time for the second event or third. This is a site’s strategic way of attracting gamblers to play in their site and make them wager for a certain number of times before they are legible for more bonuses.

Imagine if all these online casinos gave away bonuses in the event that a players signs up, the casinos would certainly close for they have gone broke. Any player can just vie to register, have the deposit, and just walk away with an equal bonus money and vow to never come back to the site again.

To allow players a fighting chance as well as safeguard their interests, online gaming sites ensure you wager a predetermined number of times to qualify for the bonuses. When you have been keen of all the suggested instructions and have executed the precautions, you can try your fair luck and take away your winnings, store it in your bank as there are some casinos that give gamblers slight edges.

New Zealand’s Participation in Online Gambling

New Zealand and Australia are popular destinations for online casino and online gambling developers. These two countries present a market full of existing gambling fans, and online companies want to capitalize on the opportunity. Internet gambling has already become quite popular in New Zealand, but few facts are known this particular market, as the activity has yet to be fully regulated.

The Problem Gambling Foundation of New Zealand has delved into the issue, publishing a fact sheet which illustrates the popularity of online gambling in the country. According to the report, 8% to 10% of New Zealand residents take part in some form of online gambling. This includes playing casino games on the internet or via mobile phones. Television gambling is also included in the category.

Very little is known about New Zealand’s online gambling market at the moment, but some studies have revealed a bit of insight. For example, it seems that Maori individuals are more likely to gamble online as 17% of all online gamblers in the country are of that particular descent. Other studies indicate that young males of Asian descent are also likely to participate in online gambling.

The country’s current online gambling laws state that the only companies which are able to offer internet gambling services to residents are those regulated by the government. As it stands, the only two operators allowed to do so are TAB Corp and the New Zealand Lotteries Commission. It is not illegal for residents to take part in online roulette, online slots and other casino games offered by international operators, but those operators could face fines for offering their services in the country.

While New Zealand seems to have very strict guidelines about online gaming, things seem to be changing. For years, TAB Corp was the only company licensed for online gambling in the country, but the government has recently allowed the New Zealand Lotteries Commission to launch its own online gaming website. The New NZ Lotto website allows players to purchase tickets online and play other online casino games, a huge step forward for the New Zealand gambling market.

There is no word yet on whether or not the country will begin licensing foreign operators, but many residents continue to access offshore gambling websites. In an industry worth millions of dollars every year, it may be a wise choice for the New Zealand government to consider regulating all forms of online gambling activities.