Gambling debt

[professionalAD]

i was getting hounded when i once owed 3500, couldnt even imagine 30k. my head woulda been gone.

[TheCentaur]

Wasn't there an audio clip on here awhile back of some guy on the phone with a book offering to pay off his debt by giving them his best picks over time? Yeah try that

Seriously though. When you make a promise to do something but don't, it's my opinion that you suffer too

[shari91]

What a money spinner this trick must be. Offering 30k credit to a problem gambler is predatory. Surprised they don't need some sort of money license before they can enforce those sort of debts.

Player needs legal advice by sounds but I'd guess ignoring them or saying you won't pay is probably exactly what they want you to do. Offering them a payment plan like 10 pounds per week, or making a new excuse that you will pay soon every time they ask, like books do to players, is likely the best way to deal with them.

Saying you wont pay or not replying to any court notice will just make the process move along faster for them.

Aussie books do the exact same thing. You have to request credit first but once you get it you can either ask for increases to your limit or they will offer them just like a regular card would. You stiff Centrebet for your credit account, they take you to court in the NT and get a judgement against you which then f's your credit in your every day life. I feel for the OP and I understand how it could seem like play money but this is exactly why I asked Centrebet to decrease my limit all the way down. I'd be treated exactly the same by the courts as I would if I had racked up a huge debt buying shoes. At least I'd be able to re-sell the shoes though if it all went pear-shaped lol.

[Optional]

I'm sure you're right about the debt being legally enforceable, just my sense of fairness says if anyone loans money to people for gambling they have to assume a greater risk than a bank loaning for a large shoe purchase. Particularly when it's a book offering 30k credit to its own customer... I assume without any sort of credit check.

[shari91]

I'm sure you're right about the debt being legally enforceable, just my sense of fairness says if anyone loans money to people for gambling they have to assume a greater risk than a bank loaning for a large shoe purchase. Particularly when it's a book offering 30k credit to its own customer... I assume without any sort of credit check.

I don't know what book the OP is talking about here but with our books they definitely do a credit check. It appears on your credit report when they do the first inquiry and any defaults will also appear. I get what you mean about a book assuming greater risk when extending credit to degen gamblers but I compare these books to those companies that give out car loans to high risk people or payday loans... they'll still go after their debt.

[Vaughany]

I didnt say he had to pay it all back fast.
But running away is for pussies. He made his bed, he now needs to lay in it. Pay the damn debt. Noone should have been monitoring his betting except himself.
If you eat McDonald's all the time, will McDonald's cut you off? No. Gotta learn self control or he help.

You're right, their job isnt to pay you. Their job is to make money. Why would they want to cut off someone who is too fukkin stupid to quit betting when they cant win?

indeed. will start bad habits. If he can get away with it then whats to prevent him from doing it again?!

[James D]

I was surprised they offered this to me, too. I never had more than 10k in my account, but of course I lost it all and now they want the money back.

Dontknowhowtobet explain to me How can he claim he "doesn't have any money at all to pay it back " like you suggested when he has had 10k in his account at some points?

The reason I'm suggesting the 2nd suggestion is not because I'm up to do these kind of fishy/fraudulent things. I just can't believe how those gambling establishments are legally allowed to create so many debts for people just like that ...

How are the gaming establishments "establishing debts for people just like that"? Addiction is a bad thing however if people are allowed to just say they are compulsive gamblers then the industry can not exist. I guarantee you if this man won 30k and was not paid he would be here bitching and you would be here supporting him .saying the sports books are criminals for not paying So how is that fair??? Explain to me how that is reasonable.

The one's being a shithead is the gambling industry, preying on people like him who have to deal with this debt.
Personally I don't think it's such a bad idea to give them troubles, don't pay them, and make them spend lots of money on solicitors who would end up getting nothing if the guy has no assets and 100% of his income is used for living.

I don't believe in a system that is designed against you created by greedy people who want to take other people's money as much and as quick as they can.

Being a shithead for not paying is when you don't pay someone for his work, don't pay for services you take, don't pay for a bus ticket and so forth ... not paying to the gambling industry is a great thing, I would encourage it instead of calling the wrong people 'shitheads' because that is utterly rubbish and idiotic claim.

If you feel sports books are scum why do you want to be at SBR? SBR survives due to the sports books and the industry. You brag about being a pro for SBR when it's entire model depends on the sportsbooks you hate.

If you beat up the book for 30k profit and wanna cash it and they duck you.... then what? I thought so. Youre Pissed. And cry and whine. Be a man.
Hes in debt due to noone's fault but his own. Pay the debt. If you didnt have the money to pay it then DONT fukkin bet. Check into rehab. Get a life outside of this.

Exactly.

No, unfortunately that is not always the case as you're trying to portray.
I know someone who won $50,000 with a bookmaker and the bookmaker is refusing to pay him out. I'm just not allowed to talk about it here since that person is dealing with SBR about that.

Bookmakers are not quick to payout. They find reasons why not to, they take their time, make you wait, asking for more documents, and many other things. Funny enough, there was one bookmaker that told me they need 14 days to approve my documents before processing a withdrawal. I said "fine, so self-exclude me then", they asked me why and I told them I had a gambling problem and they by surprise I got my withdrawal processed same day and all of my documents were approved because it was useless to them to make me wait whilst they know I cannot bet with them any longer.

They are not the most honest people on earth, they are there to TAKE your money, not to PAY you...

If this entire industry was a honest and decent industry, then by all means I would have agreed with you.
But this goes both ways.
You need to understand this doesn't work one way only, and that is why I'm not a big advocator of paying debt to such scumbags.

blah blah blah just because one book doesn't pay has nothing to do with another book. That you assume this book is unethical and your friend who lost 30k is a saint is a joke.

I didnt say he had to pay it all back fast.
But running away is for pussies. He made his bed, he now needs to lay in it. Pay the damn debt. Noone should have been monitoring his betting except himself.
If you eat McDonald's all the time, will McDonald's cut you off? No. Gotta learn self control or he help.

?

This is about a guy free rolling as much as anything else.

I was glad I am a pro at SBR.
This is a forum, not a gambling establishment.
At least here everyone's free and entitled to speak and express his own opinion, am I not right?

The thread I made by the way was NOT from today so get your facts straightened up first.
Also as you can appreciate I am no longer gambling.
I used the money I deposited to become pro to bet on one side, deposited same amount elsewhere and lost 10% of that amount, but did not lose the entire amount of money.

In fact, the bookmaker I was using was processing withdrawals like 21 days after your first deposit, so I've decided to bet 100 on one NBA side, then 100 on another, making the bet wins on the other site that pays within 24 hours (in fact immediately) so I won't have to wait to get this money back.

Unfortunately the bet was winning with the other site so I had to do it again and then it "worked".
So as you can see, I wasn't gambling, I "bought" my PRO status for less than 10 pounds, and I'm happy with that.

You made the thread bragging about being a pro the day before, not to same day. I really see how a one day difference is relevant. If you really bet both sides just to become an SBR pro that is so sad I want to cry for you. Why for even 10 pounds join an organization that supports something you hate so much?

What a money spinner this trick must be. Offering 30k credit to a problem gambler is predatory. Surprised they don't need some sort of money license before they can enforce those sort of debts.

How does this book know he is a problem gambler? Just because he lost? If he won is he a problem gambler ?

He definitely needs to respond but he needs to prove he cannot repay anything.
It is possible.

He admits to having 10k of his own in the account before getting credit, now he can say he has no money at all to pay? That seems really sincere, honest and ethical

[Optional]

^^^ You should look up the definition of predatory lending James.

And then get off your high horse.

[James D]

^^^ You should look up the definition of predatory lending James.

And then get off your high horse.

I know what predatory lending is and I am not on a high horse. I really am surprised this is your position. Answer this for me optional. I will answer any question you have as well.

Why are you assuming this person is a compulsive gambler and therefore should not be accountable?
If this same poster came in SBR and said he won 30k and book didn't pay what would you say about book?
If just losing is the criteria we can accept how does sport betting industry survive?

[jjgold]

Pretty easy to get $1000 credit at Spreadex without having much info on you if you live in UK

Anything more very hard unless you are in the voter registry in UK that verifies your residential address and give bank accoun details in UK that is account number and sort code.

Australia also gives credit if your Aussie resident and a little more

I guess they can come after you unless your playing their illegally meaning you do not live in those countries and used phony docs

[kmarinouofm]

The one's being a shithead is the gambling industry, preying on people like him who have to deal with this debt.
Personally I don't think it's such a bad idea to give them troubles, don't pay them, and make them spend lots of money on solicitors who would end up getting nothing if the guy has no assets and 100% of his income is used for living.

I don't believe in a system that is designed against you created by greedy people who want to take other people's money as much and as quick as they can.

Being a shithead for not paying is when you don't pay someone for his work, don't pay for services you take, don't pay for a bus ticket and so forth ... not paying to the gambling industry is a great thing, I would encourage it instead of calling the wrong people 'shitheads' because that is utterly rubbish and idiotic claim.

i am looking for where in the story they put a gun to his head ? because it seems like they provided a service he asked for

[James D]

i am looking for where in the story they put a gun to his head ? because it seems like they provided a service he asked for

Of course there are some compulsive gamblers. However that doesn't absolve you from your responsibilities. Alcoholics who get a DWI are not treated better then social drinkers who Get a DWI. It's all the same. I also want anyone who believes he should not pay to answer these three questions.

Why are you assuming this person is a compulsive gambler and therefore should not be accountable?
If this same poster came in SBR and said he won 30k and book didn't pay what would you say about book?
If just losing is the criteria we can accept how does sport betting industry survive?

[Optional]

I know what predatory lending is and I am not on a high horse. I really am surprised this is your position. Answer this for me optional. I will answer any question you have as well.

Why are you assuming this person is a compulsive gambler and therefore should not be accountable?
If this same poster came in SBR and said he won 30k and book didn't pay what would you say about book?
If just losing is the criteria we can accept how does sport betting industry survive?

I'm not saying this particular person has a problem or even that they need to have a problem for this to be predatory. But I am assuming a book willing to load a gambler up with 30k debt is more than happy to target that type. How many people without a problem controlling their gambling do you imagine want 30k credit at a single book? Do you think they target winners for this stuff? Do you imagine this book would have been happy to loan this guy 30k cash if they had to actually come up with any money to be at risk?

Too easy to just say they would have paid if he won when they pay from profits earned from targeting the vulnerable.

I know Americans are used to gambling on credit so it doesn't seem so out of line, but from my Australian perspective it's not ethically right to loan money for gambling. And I'd be surprised if I could not put up a good case against enforcement action down here if it was me.

[THam12]

I think it is very fitting that a poster named "dontknowhowtobet" is advising to not pay back a book.
Must have had many encounters with the same problem.

[James D]

Optional I agree they are willing to give some clients credit and others not . I am sure the savvy of the player is one of the criteria they use. It is a part of the business model. Of course they would not give anyone 30k cash, their business is sports betting why give anyone cash? Supermarkets and retailers give you coupons and rebates to frequent their establishments they don't send you cash and tell you to do what you want. It is not any different. You answered my first question, so I deleted it . Could you please answer my other two questions? I don't see how the industry can survive is people that lose can automatically just say they have a gambling problem and immediately get relief from their debts.



If this same poster came in SBR and said he won 30k and book didn't pay what would you say about book?
If just losing is the criteria we can accept how does sport betting industry survive?

[jjgold]

No idea how you can run up 30k in debt on credit at a book??

[Optional]

Optional I agree they are willing to give some clients credit and others not . I am sure the savvy of the player is one of the criteria they use. It is a part of the business model. Of course they would not give anyone 30k cash, their business is sports betting why give anyone cash? Supermarkets and retailers give you coupons and rebates to frequent their establishments they don't send you cash and tell you to do what you want. It is not any different. You answered my first question, so I deleted it . Could you please answer my other two questions? I don't see how the industry can survive is people that lose can automatically just say they have a gambling problem and immediately get relief from their debts.



If this same poster came in SBR and said he won 30k and book didn't pay what would you say about book?
If just losing is the criteria we can accept how does sport betting industry survive?

I guess I don't think 'the industry' should be surviving on a business model of doling out large lines of credit then chasing people through the court system to realize their profit from it. I don't think the industry as a whole even tries to survive that way anyway.

If the player came here after winning from credit betting, yes he should be paid. Don't see how that nulifies any complaint about the lending practice though.

JJ has it right... how does a book justify letting a credit account go so far red? The only reason I can see is because they have almost no risk in reality. The more they can get the player in the hole the more they earn after the court actions. A predatory business model if there ever was one.

[professionalAD]

bookmakers will do whatever possible to make money. im only a 21 yr old kid and could have gotten 10k credit a week no problem. i was up to 3500

[James D]

I guess I don't think 'the industry' should be surviving on a business model of doling out large lines of credit then chasing people through the court system to realize their profit from it. I don't think the industry as a whole even tries to survive that way anyway.

If the player came here after winning from credit betting, yes he should be paid. Don't see how that nulifies any complaint about the lending practice though.

JJ has it right... how does a book justify letting a credit account go so far red? The only reason I can see is because they have almost no risk in reality. The more they can get the player in the hole the more they earn after the court actions. A predatory business model if there ever was one.

Virtually every industry in the world allows credit why should this industry be excluded? I could understand if you felt no credit should be allowed. However saying the bettor betting on credit should be paid and the bookmaker winning the same way is predatory lending is quite perplexing. Couldn't I argue the bettor is being the predatory in these instances? Collect if win and refuse to pay if lose seems predatory to me .

bookmakers will do whatever possible to make money. im only a 21 yr old kid and could have gotten 10k credit a week no problem. i was up to 3500

Exactly . Getting 5-10k is nothing, and You are a young man. I have so much over 30k available it's not even funny.

[James D]

No idea how you can run up 30k in debt on credit at a book??

JJ dont you openly admit that you have very little disposable income and are frequently in the hole living week to week? didn't you also make a losing bet of over 20 thousand dollars on the superbowl on credit this year?

If both of these claims you make are truthful how on earth are you surprised someone got 30k in credit from a book?

[snapperman2]

It should be illegal for a bookmaker to extend credit to a customer. Otherwise many people will gamble money that they can't afford to lose.

[James D]

It should be illegal for a bookmaker to extend credit to a customer. Otherwise many people will gamble money that they can't afford to lose.

If a country wants to make this law I have no problem with it. I actually think it's a very good idea. But saying people who lose on credit are victims and should not pay but people who win on credit have to be paid by the bookmaker is unreasonable.

[KKoz9]

The one's being a shithead is the gambling industry, preying on people like him who have to deal with this debt.
Personally I don't think it's such a bad idea to give them troubles, don't pay them, and make them spend lots of money on solicitors who would end up getting nothing if the guy has no assets and 100% of his income is used for living.

I don't believe in a system that is designed against you created by greedy people who want to take other people's money as much and as quick as they can.

Being a shithead for not paying is when you don't pay someone for his work, don't pay for services you take, don't pay for a bus ticket and so forth ... not paying to the gambling industry is a great thing, I would encourage it instead of calling the wrong people 'shitheads' because that is utterly rubbish and idiotic claim.

Yeah, poor guy, they should actually pay him something for all the stress he's had in racking up 30k in DEBT

[unluckysob]

bookmakers and casinos would not exist without the degenerate gambler. they count on people borrowing or stealing money.

[mikejamm]

I think it is very fitting that a poster named "dontknowhowtobet" is advising to not pay back a book.
Must have had many encounters with the same problem.

My sentiments exactly! This fuk head "don't know how to bet" advising another fuk head to blow off his debt! He should have quit gambling when he was 10k in the fuk'in hole and not 30k! Go fuk yourself you limey piece of shit!

This is exactly why books give legitimate gamblers so much fuk'in red tape and hoops we have to jump through to get our winnings, because assholes like you and addict123 think you should get special treatment when you fuk'in tank your credit. He made the bets, he lost, he's gotta pay up.

Like others on here have said, had he won, he'd expect to get paid. He should contact the book and set up a payment plan. Who knows, maybe they'll even let his dumb ass keep on gambling! Don't know how you fuk's in the UK operate, but I'd watch your back just the same. If you lived in the USA and owed that much, you can believe somebody is coming after your dumb ass!

[Coach Potato]

Take a lesson from the lannisters