Negative Effects of Gambling

Six to eight million people in America are estimated to have a gambling problem.

? Gamblers often exhibit mood swings and a strangely secretive behavior. This proves to be detrimental to their social and family life. They tend to stay away from their near ones, resulting in distrust between them and their loved ones.

? The addiction to gambling can leave one in bankruptcy. The skill of a gambler lies in weighing the three parameters and making a decision about what amount should be staked and how much should be expected in return.

? People continue gambling with the greed of winning money. The National Council of Problem Gambling (NCPG) describes this type of gambling behavior as problem gambling.

Mental and physical health problems, financial issues, and conflicts in the family are among the common negative effects of gambling. Over time, it becomes a habit, and eventually an obsession that can’t be overcome. It only leads to a thoughtless expenditure of money and valuables.

? Research has shown that gambling can lead to harmful behavior in people. According to the National Research Council, 10 to 17% of the children of problem gamblers have been abused and so have 25 to 50% of the partners of problems gamblers.

? An Austrian study said that around 1 in 5 suicidal patients had a gambling problem.

? According to a research by NCPG, 76 percent of problem gamblers are likely to have a major depressive disorder.

Gambling refers to the betting of money on an event with an uncertain outcome, with the intent of winning additional wealth. It causes a decline in his/her work performance, thus hampering his career.

? As gambling leads to increased criminal activities, in a way, gamblers add to the burden on prisons and the legal system.

? The stress from gambling may lead to health issues like ulcers, stomach problems, muscle pains, headaches, and problems with sleep.

? A majority of those addicted to gambling have substance abuse disorders.

? According to the University of New York, in people with alcohol use disorders, the chances of developing an addiction to gambling are 23 times higher.

? Additionally, rehabilitation and public assistance systems are taxed.

? Gambling is practiced as a means of recreation. When they lose the money they had risked, they further gamble to recover the lost amount and it becomes a vicious circle even they can’t escape from.

You could be at gunpoint or holding the gun. Forget satisfaction or peace, it is not even refreshing in the real sense. The addiction robs a gambler of all the productive time and leads to loss of efficiency at work. Because of this, they land in worse situations and take the wrong decisions in life.

Gambling = Thoughtless Expenditure + Waste of Time

? According to a study by the George State University, 50% of the problem gamblers commit crime. Thus, gambling can have a grave economic impact which is difficult to reverse.

? Similar to how an individual keeps consuming substances like drugs or alcohol to experience an altered mental state, he continues to gamble. A study by the same university suggested that 73% of the individuals who are imprisoned are found to be problem gamblers.

? The costs of treating compulsive gamblers are huge. Some take to substance abuse to supplement the high they get from winning huge sums while gambling. The two go hand in hand. The greed never ends and they keep betting more and more. In spite of the losses incurred, they continue betting. It can drag you into crime, gambling isn’t fun.

? People who fall prey to gambling tend to remain away from their families and waste money on other bad practices. The addiction leads people to continue with gambling irrespective of whether they earn or lose in the deal. The addiction has negative effects on one’s physical and mental health and it proves to be detrimental to one’s social, personal, and professional life. The addiction gets on to the gamblers to such an extent that they fail to think wisely before acting. Addiction to gambling, coupled with substance abuse can make the gamblers physically abusive towards their family. Due to lost mental peace, they may ill-treat their spouse and children. The decision to gamble money is based on three parameters namely; how much to bet, the predictability of the event, and the conditions agreed upon, between the gamblers. Thus, gambling practices cause a huge financial burden on the families of the affected and on the society at large.

? Children of parents who are problem gamblers or gambling addicts tend to feel abandoned and angry, further increasing stress and leading to strained family relations.. Card games, coin tossing, and dice-based games are some non-casino based forms of gambling. Betting is a mentally taxing activity, and as one goes on risking more and more money, anxiety starts building.

? Problem gamblers and addicts tend to abuse their family members. A recreational activity is supposed to be refreshing and relaxing, but something like gambling is contrary to the very purpose of recreation. They engage in gambling activities at the cost of their time with family and friends. To add to the so-called merry atmosphere, gamblers often smoke or drink while playing.

? Gambling at the cost of one’s job results in a decline in the quality of his professional life. ? They start borrowing money and take secret loans. Their mental state can even lead to suicidal tendencies.

? Studies show that children with a sibling or parent addicted to gambling, are more likely to take to substance abuse.

Initially, one looks at gambling as a way to run away from life’s problems, or from stress, anger, and loneliness. Their debt keeps building and it may reach an amount that exceeds their capacity to repay.

? Addiction to gambling has been linked with substance abuse. It soon becomes a habit that can’t be broken.

Games offered in casinos, table games like poker, Red Dog, and Blackjack, as also electronic games like Slot Machine and Video Poker are some of the common types of gambling. The stress of risking huge amounts of money or the frustration after losing it can increase the tendency of abuse in gamblers. The effect is similar to that of having a drug or a drink, which is why gambling changes one’s mental state and mood.

? Gambling has proven to be addictive. In the following sections of this Buzzle article, we discuss the negative effects of gambling on the individual and society.

Compulsive gambling leads to bankruptcy

? Gambling can lead to criminal activities. Some go that way to forget the sorrow of losing big sums when gambling.

? Apart from absence at work and drop in efficiency, a common observation is that gamblers tend to steal money and engage in fraudulent behavior to recover from financial losses incurred when gambling, or to get more money to bet.

? Over time, the practice of gambling starts becoming a habit and begins to have damaging effects at psychological, physical, and social levels. Rehabilitating the gambling addicts needs money and time, and the process is not very easy. Sports betting and arbitrage betting are the other types. On giving a serious consideration to the negative effects of gambling, we realize that it is best avoided.

? Substances of abuse are served at casinos and in pubs and clubs, thus increasing the likelihood of gamblers consuming them

Charlie Goodwin

Charlie Goodwin

Sports betting can add excitement and fun to any game and will keep you on the edge of your seat throughout! Please remember, never give up as you have chosen one of the best businesses you could ever get into!
Charlie Goodwin

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