Credit cards and credit betting

[Mentholdan]

I'm 62 years old and never had a credit card in my life, I was brought up to believe that if you don't have money to pay for what you want then save it up. I also think it teaches you to look after the money you do have. My golden rule is only gamble up to 20% of what you have, a bit like poker 😁

Also I've never had a credit account with a bookmaker. A friend of mine is an Independent bookie "private" I sometimes phone bets over to him if for example I'm working and can't get to a betting shop but if I lose I will always drop the money off to him on my way home. We're like the sheepdog and the wolf in the old cartoon. 😁 Only once in about 40 years he hasn't been able to pay me my winnings.it was about 35 years ago, I had a £10 forecast up on the horses, it was a 16/1 winner and a 25/1 second, I had about £1200 to come and it was the Monday before the Cheltenham festival. He asked if I could wait until after Cheltenham a d was OK with that. I never had a winner at Cheltenham and my balance was down to £100. In the last race on the final day of the festival I had the £100 on a horse that won at 16/1. We often went to the Victoria Sporting Club together and I remember one time in the early hours of the morning we broke the golden rule and ended up walking the 15 miles or so home from London. 

I have debit accounts with Coral, Betfred and PP but NEVER EVER USE THEM TO BET ON HORSES, ONLY SLOTS. 

[BlindHaze]

I believe my old man once told me that many years ago casinos wouldn’t accept credit cards, and debit cards would be blocked from letting you gamble into an overdraft. I’m not sure how true that is, or maybe my brain’s playing tricks on me, but maybe someone can confirm or deny this.

I also remember the days when casinos weren’t glorified seafront arcades and there was a dress code and proper membership rules. 🙂

[Mentholdan]

3 hours ago, BlindHaze said:

I believe my old man once told me that many years ago casinos wouldn’t accept credit cards, and debit cards would be blocked from letting you gamble into an overdraft. I’m not sure how true that is, or maybe my brain’s playing tricks on me, but maybe someone can confirm or deny this.

I also remember the days when casinos weren’t glorified seafront arcades and there was a dress code and proper membership rules. 🙂

Too right, I remember that the VSC had a strict dress code, no jeans or shorts in those days, you had to wear a tie. No photo ID driving licences so you had to take your passport. I also remember going to Ascot races one icy cold winters day specifically to see Desert Orchid race, I was wearing a roll neck sweater under a heavy overcoat. The bowler hat brigade at the entrance wouldn't let me in without a tie. They sold me a tie which I had to wear over my roll neck sweater to get into the track which I then took off and put in my pocket. Desert Orchid was withdrawn about half an hour before the race. 😭😭

[TheKingInTheNorth]

Credit card or indeed credit betting accounts are a horrific concept. You should never borrow money to gamble it’s the route to the poor house.

My dear old Nana called credit cards simply “posh tick”.....

Read a credit agreement issued by a bank and you’ll probably find using the borrowed money for “speculative” purposes is in fact a breach of that contract.

Debit Card betting is fine as it’s your own money your using unless you’re rattling the overdraft.

Its a mine field but for my NEVER EVER BORROW MONEY TO GAMBLE!

Trust me, been there, done that, felt the pain it brings.

[Ferg]

Racked up 800 on a credit card when I was younger plus maxed some overdrafts.was the reason I gave u online.currently repaying a 15k loan as needed to bail myself out