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How To Get Money Back From Gambling Sites

  • This topic has 5 replies, 5 voices, and was last updated 6 years ago by .

Stop second-guessing yourself. Every casino game offers you a fair chance of winning.

  • Hi all.
    where do i start?
    yes I’m a compulsive gambler , it lets me forget my life I don’t want to live anymore. I get a high when i win and don’t feel nothing when i spin my £125 spins a time and lose it all then the depression and despair sets in . I just want to sleep and never wake up.
    I have borrowed thousands from family members , scammed people online to fund my addiction, I have even sucked cock. Just the once and i am completley disgusted with myself

    I have a supportive partner and 3 children. I feel i have destroyed my family.

    I have mental heath issues too, borderline personality disorder, manic depression, eating disorders ,bipolar disorder and schizophrenia. I take medication for it but when i get stressed it gets bad.

    Recently i have self excluded myself from every online outlet.

    Too look at me you wouldn’t think there is anything wrong but underneath there is, I hide it and try and cope with normal everyday things.

    I am lucky I have a partner who knows all this and wants to help. he is trying to get a psychiatrist to have one on one sessions with to do with my past when was was younger that effected me badly.

    Saying all this ..I have read a lot of posts and i feel the same, we are all going through the same thing. It’s hell and i wish there wasn’t any gambling allowed online. I want to stop all these crooks!

    In the meantime i and giving it up and it feels dull , i need stimulation of some kind so i must get back into my running and exercise and i am a perfectionist so i’m pretty tough on my self.

    I would like to ask a question .. as i have serious mental health do i stand a chance of getting my recent deposits back?

    Before i have self excluded and explained my mental health with cassava and they didn’t close it so i kept doing it.

    I wish i never got into this in the first place.

    Want to say to everyone reading this , stay strong, don’t give up . The best thing about life is that a new day comes and we can start again.
    charleen

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    Hello and thanks for starting a thread in the Gambling Therapy forums

    Here at Gambling Therapy we pride ourselves on being a caring and diverse online community who can help and support you with the difficulties you’re currently facing. We understand that this might be a tough time for you, particularly if you’re new to recovery, so come here as often as you need to and participate in the forums, access online groups and connect to the live advice helpline if you need one to one support. We’re in this together!

    Here on the forum you can share your experiences in a safe, supportive and accepting environment. The beauty of writing it all down is that you can take your time and you will be creating a record of your progress that you can look back on if it ever feels like you’re not moving forward. So, share as much or as little as you like but do try to stick to keeping just one thread in this forum so people know where to find you if they want to be updated on your progress or share something with you.

    And on that note….

    I’m going to hand you over to our community because I’m sure they will have some words of wisdom for you 🙂

    Take care

    The Gambling Therapy Team


    PS: Let me just remind you to take a look at our
    privacy policy and terms and conditions so you know how it all works!

    Hi Charleen. That was a tough read. Kudos on the honesty. Where was it exactly that you asked to be banned, but they failed to ban you?
    From my experience both online and brick and mortar casinos take these requests very, very seriously and act on them immediately.

    Can you give more details and also how did you lose money there? Is there paper trace (did you use your bank cards at those places etc. Also, can you prove that you requested to be excluded?)

    Hi Charleen. I’m not going to comment on your chances of getting a refund, other than to say that isn’t the most important thing here.

    More importantly what actions are you talking to make sure you don’t deposit any more on any gambling site?

    It sounds like your partenr and family know about your gambling problems? How about he takes over the finances for a while so you can’t gamble? Making yourself accountable will both help you stop gamblign and show your family how much you mean it this time. Also of course put their mind at rest you aren’t still gambling.

    What other interests do you have? What things are you going to fill your time with away from gambling? I know that’s not easy.

    Keep posting here, let us know the positive steps you are taking.

    Hi I think you are doing well and taking a good step coming here. I would not focus on trying to get your money back either through gambling or by hoping the casinos refund your deposits. Because in all likely hood they wont no matter what. Accept the fact the money has gone it does not belong to you. And then take the next step to focus how you can start to stop yourself gambling for good.

    Wish you well with this.

Have you ever wondered how gambling sites make money?

Most people understand that a gambling site makes money if bettors lose their wagers. But if punters win, then the betting site loses… Or do they?

Many believe that online gambling sites either win or lose just like the players who use them. However, that is not the case. These gambling sites are like any other business. They exist to generate a profit.

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  • Accept That You Have a Problem. You need to accept the fact that there’s a problem.
  • Money: Gambling cannot occur without money. Get rid of your credit cards, let someone else be in charge of your money, have the bank make automatic payments for you, close online betting accounts, and keep only a limited amount of cash on you. Time: Even online gambling cannot occur if you don’t have the time. Schedule enjoyable recreational.
  • If he lost the money, then it will be harder to get the money back. This type of scenario has caused issues before. The problem is that sometimes people will lose money and then try to falsely claim it wasn’t them who deposited and played.

Let’s take a closer look at how gambling sites make money.

The Vig

Can You Get Money Back From Gambling Sites

The main source of money for gambling sites is the vigorish or the “vig.” The vig is commission collected by the site on losing bets.

One of the most common betting odds is -110. This means that you have to bet $110 to win $100. If the gambling sites get equal money on either side of the contest, then they are sure to get a profit.

For example, if an online gaming site gets a $110,000 bet on the home team and another $110,000 bet on the visiting team, it has a total handle of $220,000. If the home team wins, the gambling site will pay out $100,000 to those who bet for the home team plus return their $110,000 bets. The bookmaker still has $10,000 left ($220,000 – $210,000). That’s the vig or the gambling site’s profit.

Imagine the volume of bets made on a single game or event. According to Statista, the online gambling market was valued at $45.8 billion in 2017 and is anticipated to grow to $94 billion in 2024. Now, that’s a lot of figures to make money on.

How To Get Money Back From Gambling Sites Uk

Balanced Books

In an ideal world, the top online gambling sites would love to see balanced action on both sides of each market. If there’s an equal amount of money wagered on the two sides, they will collect the vig outright. The sample above best explains this.

However, this doesn’t always happen. There are many instances where the betting action is heavy on one side and there’s little to no movement on the other. If this happens, these gambling sites try to shift the betting action to the other side by sweetening the odds for the side that needs action.

For instance, if the betting action is heavy on Team A, it will reduce its odds to discourage betting. On the other hand, if action is slow on Team B, the gambling sites will increase the odds so that bettors are tempted to bet on Team B.

There’s no guarantee that the books will be balanced at the end of the betting period. However, on the hour of reckoning, the books are always tilted to the side where the gambling sites make money.

Sites

The Sharps

In the world of online gambling, there are two kinds of gamblers – the squares and the sharps. Now, let’s discuss the two.

The squares are those who bet for recreation. They’re casual bettors. This group is composed of a majority of bettors, hence, they’re labeled as the betting “public.” On the other hand, the sharps are the wise-guys of the industry. These are professional bettors who have years of gambling experience under their belt.

How To Get Money Back From Gambling Sites Free

Online gambling sites know who the sharps are by their record because they bet big and win big as well. When these sharps start betting heavily on one side, gambling sites will often adjust their odds to discourage the betting public from following those big bets. Again, this is another way to balance the books.

How To Get Money Back From Gambling Sites Near Me

In case you haven’t noticed, betting sites have wagering limits. These were put in place to minimize the house’s losses against sharp bettors. With these sharps neutralized, gambling sites can make more money and stay in business.