No Evidence that Credit Card Betting Causes Harm – Says Gambling Lobby Chief

Michael Kruse / 22 February 2021

Responsible Wagering Australia (RWA) chief executive Brent Jackson said that betting enthusiasts should be allowed to gamble using credit cards. The online gambling lobby that Mr Jackson fronts has been adamant that there’s no evidence that credit card betting leads to harm.

The RWA chief executive’s remarks come at a time when Australian MPs, such as Queensland MP Andrew Wallace, are calling for “social responsibility” that would put an end to online betting with the use of credit cards.

MP Wallace: Banks Should Ban Credit Cards at Online Sportsbooks

The Queensland MP said that banning credit card betting was a “no-brainer” considering that people pay 22 per cent in interest on their credit card balances. That, combined with the risks of betting, is a very dangerous mixaccording to the LNP Member for Fisher.

MP Andrew Wallace has long tried to force Australia’s banking institutions to put in place a voluntary code of conduct that should stop punters from betting with credit cards, allowing them to only use their own funds to gamble.

Mr Wallace added that punters cannot use credit cards when they bet on horses or dogs and they also can’t use credit cards at brick-and-mortar casinos or when playing the pokies. Therefore, he argues that it doesn’t make sense for credit card betting to be allowed at online sports betting and gambling sites.

However, despite Mr Wallace’s pressure on banks, the big four of Aussie banking institutions has decided against acting on his requests. Neither one of Westpac, ANZ, NAB and Commonwealth Bank have seen fit to ban punters from using their credit cards when they place online wagers.

Online Betting Providers Have Intervention Tools

Gambling lobbyist Brent Jackson thinks otherwise. The RWA chief executive spoke on behalf of Australian betting brands like Sportsbet, Ladbrokes, and Neds when he said that there was no reason why Australians should be stopped from using credit cards to gamble.

He defended his reasoning by saying that online betting is safer when compared to offline wagering as online gambling providers track players’ behaviour much better than their brick-and-mortar counterparts.

Mr Jackson emphasized that online betting operators keep an eye for “unusual behaviour and strange behavioural patterns” which could indicate that the punter’s betting activity is “risky”.

In addition, the gambling lobbyist said that online betting companies can ban players completely, but before they do something that extreme, they also have other tools for interventions at their disposal.

No Evidence of Risks

According to Mr Jackson, players should decide for themselves whether they will use credit cards to bet online or some other payment method. To him, punters are customers, and as such, they have the right to choose and manage their betting preferences.

Mr Jackson concluded his statement by saying that in his experience, as well as that of the companies he represents, there was no evidence betting with credit cards was a problem at all.

The verdant surroundings and rustic ambience of Warwick Farm lend a distinct racing charm. While racing takes held on 23 Wednesday afternoons, the Australia Day race meeting in January is the main event. The racecourse is at the centre of a community that ...

The Warrnambool Racecourse is located in the suburb of Warrnambool, in a picturesque valley with great natural viewing platforms. Warrnambool Racecourse is around 260 kilometres from Melbourne’s CBD.

Terang Racing Club, sometimes known as the Flemington of the Bush, has a long and rich history of racing in the southwest. The expansive course was designed by the same person who created the Flemington track. The facilities include a well-kept, vast grandstand with a...

Swan Hill Racecourse is located in the centre of the Murray Region, 340 kilometres from Melbourne.Swan Hill Racecourse June racing festival has earned a name for itself as the best country festival in the state, if not the entire nation. The advice is to book as soon as ...

Sale Racecourse has first-rate facilities, including a wholly climate-controlled Public Bar and Grandstand Bar open on race days.The take pleasure in being a community club that includes our surrounding townships. Because of their family-friendly ambience and specific ...

Michael Kruse
Michael loves all things all horse racing and has been in the game for quite some time. His knowledge in the betting space is second... [Read full bio]

Comments are closed.

Think. Is this a bet you really want to place? Set a deposit limit.

For free and confidential support call 1800 858 858 or visit