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The world of online betting is undergoing tremendous change, setting it up to flourish in the years to come. The market is worth $67 billion today and estimated to reach about $93 billion by 2023-growing at roughly 11. 5% per annum. Since then, over two dozen (plus Nevada) have followed through, taking the state tally to 25. Casino is a big one, making up 32% of all online betting activity. 2% Poker 6. Since the Supreme Court's decision, $57 billion in legal sports bets have been made, $4. It appears investors are now betting on betting. camera bag cyber mondaychanel pink classic flap bag
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Gambling is a popular pastime in the UK.
Was this uncle talking any sense? Does gambling affect your credit score? Let's take a look.
Before looking at whether gambling affects your credit score, it is probably worth having a quick look at what a credit score actually is.
The longer answer is that it still doesn't, although there could be an indirect impact.
Why should you be penalised for a hobby? Does your cyclist friend lose a few points from his credit score or your neighbour whose hobby is taxidermy? Of course not, so why should gambling as a hobby be any different.
The result can be a financial mess! If your gambling is controlled and there is the odd bet here and there no one is going to care.
You know us by now and we'd never be posing such a question.
The takeaway here is that, like so many things in life, in moderation, gambling is perfectly okay.
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