Gambling Debt

What is Gambling Debt?

What is Gambling Debt? - Help and Advice

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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 Gambling 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. 

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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 debts and a gambling disorder that compels you to keep spending. 

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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 Gambling Debt?

Coping With Gambling Addiction

If you feel as though you may have a gambling problem, then seeking help and guidance 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 Gambling Debts

Alongside learning how to cope and deal with an addiction, it can also be a major relief to know that your debts are 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.

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Gambling Debts FAQs

Gambling Debt FAQs

Are Gambling Debts Enforcable By Law?

If whomever you are laying the bet with is supplying you with credit then NO. This is because lending money for the sole purpose of gambling contravenes the Consumer Credit Act 1974. Most betting websites will require you to use a debit card or prepaid card to pay for your bets, rather than being able

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Gambling Debt FAQs

What Happens If You Don’t Pay Gambling Debt?

If have serious gambling debts, then alongside learning how to cope and deal with an addiction, it can also be a major relief to know that your debts are back under control. Here at IVA4Me, we are here to listen and help you put your gambling problems behind you.     Take a look at

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What is 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 debts. 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, we can tell you how to get out of gambling

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