How to Recover From Gambling and Debt

There are many reasons why people fall into the trap of bad debt and one of them is a gambling addiction. Sadly, some may not realize the problem until there is no other solution left but to file for bankruptcy. True enough, what may start out as a hobby can turn into a harmful addiction which can bring great damage physically, emotionally, and financially.

If you find yourself struggling with gambling addiction, what can you do? Consider the following advice on how to get over gambling and bad debt:

Recognize the problem. At first, it may be hard to admit that there is a problem but recognizing the true cause of your bad credit situation is the only way you can work out a solution. Below are questions that you can ask yourself to recognize gambling addiction.

If you answer yes to these questions, you may have a gambling addiction and you should take a positive step quickly before things get worse.

Has gambling become a daily part of your routine?

Do you borrow money just to be able to gamble?

Do you find yourself using your cash on gambling instead of buying necessities or paying an important bill?

Do you get into fights with family members or friends because of your gambling habit?

Have you ever sold anything to support your gambling?

Do you feel like your day isn’t complete until you have gambled?

Set your priorities. You need to set straight your priorities. If you have been behind your payments, you need to spend your money on the most important things. Do not use gambling as an excuse to pay your debts with your winnings. No one should depend on gambling to solve a debt problem as doing so can only worsen your bad debt situation.

Seek professional help. Since gambling addiction is a behavioural issue, seeking professional help is recommended. Instead of trying to solve the problem on your own, it’s best to get assistance from a trusted credit counselor or from organizations that offer rehabilitation help for people with gambling addiction.

Consolidating debts. For extreme cases of debt, acquiring a debt consolidation loan may be recommended. However, keep in mind that taking out a loan to pay your debts is only the first step. In order to completely be free from debts, you must be able to keep up with your repayment obligations to your debt consolidation company.

Your credit counselor may also advise you to enroll in DMP or Debt Management Program where you will submit payments to the agency who will distribute your payments to your creditors. Nevertheless, the success of this arrangement will still depend on how well you can keep up with your payments.

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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.

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Psychological Reasons For Gambling

Gambling perhaps can be regarded as the second oldest profession known to mankind. Apart from the primitive urges that drove the apes throughout in their evolution routine, an innate desire to take risks and emerge out a champion among their folks was the one quality that curtailed the herd psyche and made Homo sapiens the front runners in the battle of survival. This attraction towards unknown and stuff whose outcome was beyond the controls of physical and mental prowess laid the foundation of our science, religion, mythology, theology and most of the knowledge that went on to become hallmark of our species. After all weren’t Adam and Eve gambling with destiny and order of Lord when they took the bite of the forbidden fruit? Behold! The way their gamble has paid off…

The attraction towards the game of chance is thus something that has been hard-wired in our psyche. The reasons for it can be attributed to our ancestors, right up there in pre-historic era, who were always fighting some odd or the other. Their beating these odds was the key to their survival and that of their race. Cut to the 21st century. Gambling today is a multi-billion dollar industry that thrives on the passion and addiction of a modern day gambler who is always “nearly missing” hitting the ever-elusive jackpot. What compels a hard-nosed business man or an executive with fancy degrees; a testimony to the intelligence and rationale that has guided them in all aspects of their lives; to blow away their hard earned money in a single night in an obscene casino, makes for an interesting study shedding light on the motives and desires of a mind that always lives on the edge.

First of all we should understand that all gamblers do not fit into stereotype images that other non-gamblers have of them. Here we are referring to both the stereotypes that sit on the opposite end of the spectrum. One is of a suave, sophisticated, ladies man, who knows his wine and always has three aces up his sleeve: an image that is reinforced through James Bond like characters that make gambling oh-so-glamorous and sexed up. On the other end exists the poor cousin of this good-looking-devil. He is a social rot -famished, on drugs, stealing, fighting; all for the sake of gambling. He has gotten so addicted to it that his existence is endangered and he is a menace to his society and family. Thankfully our real life gambler is somewhere in the middle of this spectrum.

In real life the gambling fraternity can be divided into three broad classes each having their own sets of motives and reasons. These are:

1) Casual Gamblers or Low Risk Gamblers:

This is a category of persons who take gambling for what it is, a sport. These are the people who will play a card game on special occasions, bet on horse races as part of a social event, and place a wager with their cousins who are equally passionate about the outcome of Euro Cup. For them gambling is just one of the skills that are necessary to establish that they are persons of the world. Since their societal circle demands this or they get thrills out of this they indulge in gambling. The most important thing though is that they always play with the surplus they are having and know when to draw the line as to when to get up and go on with life.

2) Habitual Gamblers or Problem Gamblers:

This category consists of people for whom gambling has graduated from being a time pass activity to serious business. For them it has become a habit that can not be kicked off easily for they indulge in gambling for the sake of gambling. The reason why habitual gamblers are categorized as problem gambler because gambling as a habit per se is surely a serious issue for any individual unless he is on a continuous winning streak.

3) Pathological Gamblers:

This is the category that probably consists of the persons who are reasons for the second stereotype mentioned above. Pathological is defined in psychological parlance as a compulsion characterized by an ability to resist overwhelming and irrational desires. Thus pathological gamblers are those who are irrationally attracted to gambling and have lost the power of judgment as to when its time for them to call it a day. Just like a drug addict gambling becomes the centre of their existence overriding any moral, ethical, economical or social arguments against it. They often have other behavior disorders afflicting their personality – a situation termed as Co-morbidity. People falling in this category need strong help to drive them out of this nadir.

This was the classification of gamblers with their reasons for what they are. Now let us try and understand how a person moves about in these stages. What actually initiates an individual in the world of gambling? As stated earlier, for our ancestors avoiding risks was altogether a big risk that they can not afford to take. Considering from where we stand today, going into dark forests with only stone tools to hunt down a beast was a perilous gamble most will not indulge in today. But for them it was a way of life. So slowly but surely this risk taking ability has boiled down in all of us. For a novice the risk of gambling is so minuscule and reward so high that for him it makes sheer common sense to go on with it. Add to it the glamour and high life associated with the profession it becomes a Herculean task to resist the bait. These games are often built in such a format that the gambler thinks that his skills are improving and he is closer then ever to winning. This, if not checked eventually moves on to become a habit and then an addiction. Basically gambling plays on two universal emotions the desire to win huge without actually slogging for it and the difficulty of giving up that dream no matter how high the stakes are.

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