Table of Contents

What Is Gambling Debt? 

In simple terms, gambling debt is when a person owes money to a bookmaker or casino. However, things can often become more serious than that, where an individual uses other means of credit to cover their gambling losses.  

Unfortunately, gambling can easily become an addiction and so things can get out of control very quickly. When someone with a gambling addiction runs out of money, they do not just stop gambling, they will often begin to access different types of credit and continue with their addiction until their sources of credit are exhausted, leaving them at risk of bankruptcy. 

How Does It Become a Problem? 

The rush of a big win can be a great feeling, but it can also lead to problems in the future. Gambling can be highly addictive, since when that win comes, our brain’s reward pathways are triggered, sending chemicals such as dopamine and endorphins into our bloodstream giving us that sense of euphoria. For some, the urge to experience this feeling can lead them to take greater and greater risks, regardless of the consequences to their finances. 

You could have 81% of your debt written off.

Who Is Most Likely to Have a Gambling Addiction? 

Extreme gambling is seen as a recognised disorder by the World Health Organisation. Many people will place the odd bet from time to time leading them to lose small amounts of money, or to even have the occasional win. But for others, gambling can have a devastating effect. 


In 2016, according to the Gambling Commission, there were an estimated 340,000 individuals with a gambling disorder. The report suggested problems gamblers were: 


  • Five times more likely to be male than female 

  • More likely to be unemployed 

  • Are likely to be between 25 and 34 

  • More likely to be suffering from poor mental health 

  • Are likely to be showing signs of low wellbeing.  

Between March 2018 and 2019 gamblers are estimated to have lost £14.4bn. 


In fact, it is unsurprising that so many people choose to gamble or feel a compulsion to do so, when it is reported that 95% of adverts during live football games are gambling related. 


Lots of betting is now done online or via mobile phone apps and as such is paid for via credit cards. This means the negatives of losing money can be avoided for enough time to allow the addiction to develop, ending in serious credit card debt and a gambling disorder that compels you to keep spending. 

Write off up to 81% of your debt

If your phone is ringing

off the hook with

aggressive calls…

Contact us to see if you qualify for an IVA…


You could pay your remaining debt with one monthly payment and save £££.

How Can Gambling Affect Your Life? 

The following are some of the more visible signs and effects of a gambling disorder: 


  • A preoccupation with gambling that leads to a loss of interest in other areas of your life e.g. family responsibilities 

  • Being unable to control the urge to gamble, even when the odds of winning are small 

  • Betting with ever greater stakes, often to cover previous losses or to heighten the thrill of winning 

  • A negative impact on relationships – It is not uncommon for relationships to break down because of a gambling addition 

  • Difficulties at work can arise as a result of being preoccupied with gambling 

  • The losses that can arise from a gambling addiction can lead to significant financial strain and hardship. This can also lead to a loss of trust at home. 

How Can I Get Help with My Debt?

Coping With Addiction

If you feel as though you may have a gambling problem, then seeking help from a gambling charity like could be a really positive step. You could even take an online assessment test to see if your gambling habits may be becoming harmful. 

There is lots of help and advice out there which could help you. 

Dealing with The Debt

Alongside learning how to cope and deal with an addiction, it can also be a major relief to know that your debt is back under control. Here at IVA4Me, we are here to listen and help you put your gambling problems behind you.  

If you are having trouble paying your Gambling Debts or if you have other unsecured debts that are beginning to get out of control, then the following solutions may be right for you:


If you live in England, Wales Or Northern Ireland:


If you live in Scotland then the following may suit your needs:


Contact IVA4Me for help. We can help you begin to get your life back on track.

Take The First Step Towards A Debt Free Life Today!

Debt Relief Order

Gambling Debt FAQs

Gambling Debt
Gambling Debt FAQs

Can Gambing Debt Be Written Off?

Gambling can be a vicious circle. As the addiction takes hold, more money is borrowed to cover the debt. The anxiety related to keeping on top of the debt then triggers more gambling. The good news is that, once you have your gambling under control, you could have the debts written off. Debt solutions can

Read More »
Scroll to Top