No matter which way you look at debt, it is still debt. However, unlike the more conventional impression of debt being something that happened because of a home mortgage, car payment or credit card usage, gambling debt is unique. The number one difference here is the temptation to continue gambling, hoping to hit the big one and then pay off all that debt accumulated due to gambling in the first place. The fact is, the odds are definitely stacked against anyone accomplishing this goal.
In a similar manner, those who continually run up credit card debt buying clothes, furniture and other electronic gadgets will never find themselves out of debt. If there is any hope of them one day getting out of debt, the first thing they need to do is stop over-spending. In like manner, this is what the gambler must also do. They must stop gambling in order to truly solve their debt problem. kiss 918
Unfortunately, unlike those who spend money in order to have things, the gambler looks at their gambling in a different light. If they have lost money betting on horses or at the casino, they often think that their luck is about to change. All they need is that one big jackpot and they will then be living on easy street. They often convince themselves that all their efforts to win are about to pay off, so they continue to go deeper into debt gambling.