Online Casino Reveals That People Would Bet Their Mortgage Online

from the probably-not-the-greatest-thing-to-tell-the-world-about dept

As the discussion continues about how much and what type of gambling should be legal online, you would think that online casinos would want to paint a picture of online gambling in the best possible light. However, a new study published by a gaming site in Canada has found that plenty of people would gamble with their debts if they could. 45% said they'd try to go double-or-nothing on their credit card bills, while 18% of people said they'd do the same on their mortgage. If you're trying to show that people understand their limits (and the odds) when it comes to online gambling, talking about how they might double their mortgage in an online bet probably doesn't help matters.

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  • identicon
    Ali Khalid, 6 Jul 2006 @ 3:03am

    First Comment

    Yaaaaaaaaaaaaaaaaaaaaa.......

    reply to this | link to this | view in chronology ]

  • identicon
    Elric, 6 Jul 2006 @ 3:07am

    Betting any debt has got to be one of the dumbest things I have ever read.

    reply to this | link to this | view in chronology ]

  • identicon
    Anonymous Coward, 6 Jul 2006 @ 4:51am

    amazing!

    It's truly incredible how stupid some people are!

    reply to this | link to this | view in chronology ]

  • identicon
    Luke, 6 Jul 2006 @ 5:50am

    Good

    If that study is true, then those people deserve to go bankrupt and lose their homes.

    reply to this | link to this | view in chronology ]

  • identicon
    Ryan, 6 Jul 2006 @ 6:15am

    but how many of them planned on paying off that CC debt anyway?

    It's a lot easier to be that way.

    reply to this | link to this | view in chronology ]

  • identicon
    Anonymous Coward, 6 Jul 2006 @ 7:12am

    Dunno which is worse.. Gambling or getting credit cards.. lol

    Both a gamble, I suppose. But with Credit cards, you're assured to loose.. lol

    reply to this | link to this | view in chronology ]

    • identicon
      Anonymous Coward, 6 Jul 2006 @ 8:14am

      Re:

      Why do so many people have trouble with the word 'lose' these days? I don't recall this being a problem a few years ago. Other moronic spelling mistakes, yes, but this seems like a new one.

      reply to this | link to this | view in chronology ]

  • identicon
    NGUVU, 6 Jul 2006 @ 7:39am

    Bet your home's debt, and 1 of two things will happen - 1) you have your home paid off and are well off for a long time -or- 2) you go bankrupt and buy a new home in a month...

    Sign me up!

    reply to this | link to this | view in chronology ]

  • identicon
    ogman, 6 Jul 2006 @ 8:18am

    Yeah, but...

    ...I'll bet they'd be willing to do that in a brick 'n' mortar casino, too. You can bet Jon Kyl will be screamin' about this and completely ignoring the idea that online/offline doesn't matter.

    reply to this | link to this | view in chronology ]

  • identicon
    NGUVU, 6 Jul 2006 @ 8:26am

    Bet your home's debt, and 1 of two things will happen - 1) you have your home paid off and are well off for a long time -or- 2) you go bankrupt and buy a new home in a month...

    Sign me up!

    reply to this | link to this | view in chronology ]

  • identicon
    WirelessGuy, 6 Jul 2006 @ 8:57am

    Just don't do this in Washington State

    Here in the land of rain and evergreens we can't think, talk, link, show interest in any online gambling as it is now a class C felony. It is even more harsh a crime than child pornography, so you won't see us betting the farm.

    Loosen up Coward, we all can't spel lyke you and this plase don't got no spell cheker

    reply to this | link to this | view in chronology ]

  • identicon
    anonymous coward, 6 Jul 2006 @ 9:05am

    how can governments claim that gambling is dangerous and then sell lottery tickets to their own citizens?

    oh, wait, its only dangerous if someone else gets the proceeds...

    reply to this | link to this | view in chronology ]

  • identicon
    Anonymous Coward, 6 Jul 2006 @ 9:37am

    "45% said they'd try to go double-or-nothing on their credit card bills, while 18% of people said they'd do the same on their mortgage."

    I can't believe people are this dumb. While some people may win and go debt free, the higher probability is that you will be twice as much in debt. It is astounding that so many people don't understand simple statistics/probability.

    reply to this | link to this | view in chronology ]

  • identicon
    MrPaladin, 6 Jul 2006 @ 10:14am

    Great, now not only can ID theives rake you upto your eyeballs in debt, they would now be able to double it down....

    terrific...

    reply to this | link to this | view in chronology ]

  • identicon
    Topher3105, 6 Jul 2006 @ 10:52am

    Gambling in Canada

    Its like the government in Canada has a devil on one shoulder and an angel on the other. Over the last decade, they have allowed the building of a significant number of casinos (largely on native reserves), but then struggle with defining the morality and legality of gambling and how to protect citizens from the dangers of obsessive gambling.

    Its like with cigarettes, on the one hand the governmet puts out millions in advertising and law making to stop people from smoking and prevent it in public places, and yet, make no effort to outright ban smoking because of the tax revenue and industry it creates for the country.

    I live in a country of duality on almost every single issue, where the government both supports and objects to the issues they rule on. I wish my government would just grow a set and pick a side.

    reply to this | link to this | view in chronology ]

  • identicon
    jojo, 6 Jul 2006 @ 11:23am

    Gamble is easy

    I don't bet the house but if you bet online it can be more in your favor. Just study a sport unless you know the sport well enough. Then just wait and wait till you find a game that is more in your favor. Like the yankees 2 nights ago lost to the Indians by a lot. The yankees are a ton better then the Indians so the next game mussina is picthing after a blow out and the yankees don't lose twice very often. So a blow out the game before, mussina is pitching, they don't lose twice in a row very often. That sounds like it is in my favor. By the way they won $$$$$ So it is not that hard you just got to be patient and wait for the right game. Ya it is not 100% but the games I am talking about are 85% which is well in my favor.

    reply to this | link to this | view in chronology ]

  • identicon
    Adam, 6 Jul 2006 @ 11:33am

    Look at this another way.

    If there were no house limit, anyone could win.

    Consider:
    "I'll bet my $100,000 mortgage."
    Lose
    "I'll bet my $200,000 mortgage."
    Lose
    "I'll bet my $400,000 mortgage."
    Lose

    And so on, until finally you win. Now you have no mortgage. This is why house limits were established in the first place, to keep victory from being a sure thing if you had enough time and money. If you're betting debt, money isn't an issue anymore.

    reply to this | link to this | view in chronology ]

  • identicon
    Anonymous Coward, 7 Jul 2006 @ 7:11am

    Saying and doing are two different things. I imagine a lot of those people, if faced with the opportunity, wouldn't really bet like that.

    reply to this | link to this | view in chronology ]

  • identicon
    Anonymous Coward, 10 Feb 2013 @ 5:41am

    Casinos and similar things are for the stupid

    reply to this | link to this | view in chronology ]


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