Legal Question in Credit and Debt Law in Pennsylvania

No but then I don't know what the laws are regarding this. And I do not know all the details.

I can tell you generally that there is no right to cancel an agreement. The three-day right of rescission only exists generally for sales of products in your home (like if the push Kirby vacuum cleaner sales man shows up) and for a few other things.

I can tell you also that a verbal contract is no different than a written contract; they are equally enforceable. However, most charges over $500 have to be evidenced by some kind of writing with your signature.

The other thing is that gambling is unlawful in most jurisdictions with some exceptions. It is highly unlikely that a Nevada bookie is going to sue you for $199. It would cost more than that to hire a PA lawyer and file suit. And the Nevada bookie is not going to sue you in Nevada - you don't work there or have any property there I assume.

So you can d try to rescind the transaction. If the Nevada bookie will not let you do that, then you can try contacting your credit card company and disputing this charge or maybe even closing this account totally so that the card will be invalid. What happens after that is anyone's guess. If the credit card company lets you close the card or reverses the charges, I don't know what the bookie will do. Chances are it will not be on your credit.

In the future, don't do this. If you don't have the money then you should not be gambling at all. I know lots of people who enjoy going to Vegas or the casinos and that is fine. But these people gamble responsibly - they save up their cash to use to gamble with and they have a certain dollar amount set aside so that when they lose up to that amount, they stop and go home.