Gambling and its addiction: The Myths, Facts, and choices

There are many misconstrued information and facts about gambling that needs to be cleared. In a minute, we will explain that in this piece. It is no breaking news that gambling has existed for long enough to have events and myths wrapped up around it. Let us share some of the gambling myths with you.

Quick facts:

  • Families where a parent struggles with gambling addiction are more likely to experience domestic violence, including child abuse. This is will ultimately lead to a broken home.
  • More than 60% of people reported wanting help, but only 25% of these people sought assistance.
  • More than 80% of compulsive gamblers were at risk for drug or alcohol use – dependency mechanism.
  • 1 in 2 compulsive gamblers commits crimes.
  • Around 5 gamblers out of 100 has suffers from compulsive gambling.

Myth: Gambling is a way to build wealth.

Fact: Contrary to what you might think, gambling is not a sure way to build the empire you’ve always dreamt about. Rather than make money from it, gambling will take from you – it will take a lot more than money. If you gamble, you should see it as a form of entertainment, one which you have to pay to experience, just like going out on a dinner date with friends, or the cinema. Having this mindset will help you keep gambling in check. A perspective which will let you win some money now and then – then, it will be more of a sweet treat. One mentality that you should avoid at all costs is winning-at-all-cost.

Myth: Having a gambling problem is just a case of being irresponsible or weak-willed.

Fact: As it turns out, being intelligent doesn’t mean you can’t have compulsive gambling traits. The condition can affect anybody. It affects people of all levels of intelligence. People are likely to develop this condition as anyone else.

 

Myth: You have to gamble every day to be a compulsive gambler.

Fact: A compulsive gambler may gamble once in a while, or frequently. It’s not about the frequency but what you are losing while doing it. The moment you start prioritizing gambling over spending time with your loved ones. When this starts to happen, gambling can then be classified as a problem. The emergence of online casinos means you can gamble on the go.

 

Myth: Gambling addiction is not a problem if the gambler has the fund to spend.

Fact: Being able to afford to gamble doesn’t make it any better. The problem caused by excessive gambling is not just money-related. Let’s talk about the time you spent gambling – this can lead to relationship and legal issues, mental health problems such as depression, and in some cases, suicide.

Myth: A bettor can predict if a coin toss is going to come up tails or heads.

Fact: Each flip of the coin is an independent occurrence. It doesn’t matter what came up in the previous flips. The chance of heads or tails coming up in a single flip is just 50%, and it doesn’t matter how often the coin is flipped.

 

Myth: Some apps and systems make it easy to predict and win the lottery.

Fact: Lottery numbers cannot be accurately predicted. It’s a game of numbers, and that will take more than mere predictions. Your odds of winning are always the same. Let say you take a lotto of 4/19, for example. All the numbers are rolled up in a drum and mixed up. The selection will purely be by chance and nothing else. Each number placed in the drum has the same chance of being picked (which is a 1 in 19 chance to be precise). Your odds of winning the ultimate jackpot with one ticket are 1 in 13, 987, 816.

 

Myth: Partners of compulsive gamblers should be held responsible for their gambling predicament.

Fact: Compulsive gamblers often try to rationalize their behavior. They tend to play the blame game – using it to avoid being held responsible for their unhealthy gambling habit.

 

Myth: Teens can’t be compulsive gamblers.

Fact: The claim that teens don’t develop gambling-related problems is false. Nowadays, you will see teens playing casinos online when teenagers indulge in addictive games such as pokers and slots. Unfortunately, gambling among college students is rising dramatically. A start shows that 1 in 20 college students showed signs of compulsive gambling. The gambling stats indicate that gambling addiction has doubled – doubled the rate of the entire adult population.

 

Myth: You should help a gambler take care of his/her debt.

Fact: While quick-fix solutions may appear as the perfect solution, bailing a chronic gambler out of his/her debt might make matters worse.

Make the right choices

The right way to stop gambling is to deal with all the factors aiding the occurrence of gambling. Replace these elements with healthier choices, and you’ll be fine. These four elements include:

The decision to gamble.

Everything we do in life is predicated on our will as humans. Whenever you have the urge to gamble, stop what you are doing at that point and talk to someone that can hold you accountable.

Money.

Gambling can not occur without funding. Cut out the funding, and you’ve partially stopped the habit. How can you do this? Get rid of your credit cards.

Your time.

Online gambling cannot occur if you don’t have the time. Rather than playing a slot game, you should schedule an enjoyable recreational time for yourself and your loved ones.

The Game.

Without the game, there won’t be a need to spend your money or time, or make a decision to play the game. An easier route is removing all casino apps on your phones and block all gambling sites on your PC.

Conclusion.

These are some of the myths, facts, stats, and tips on gambling and compulsive gambling. On a final note, finding alternatives to gambling is an excellent way to go. Improve your alternative behaviors – for example, if you gamble to provide excitement for yourself, try a challenging hobby such as hiking or mountain climbing.