This website is operated by MT SecureTrade Problem Gambling In Singapore Statistics Limited (“us”, “our”, “we” or the “Company”), a company incorporated under the laws of Malta with registration number C56545 and registered address at @GIGBeach Triq id-Dragunara, St. Julians, STJ 3148, Malta. Introduction to Sports Gambling 1.1. Similarities and Differences Compared to Traditional Gambling Sports gambling is a form of betting similar to traditional probability games such as roulette, dice, or cards. The result of a sports bet is settled based on the.
Gambling, for some people, is a leisure activity that offers a night out on the town enjoying time with friends and family, with a distant possibility of winning money. For other people, the stakes are higher. After all, gambling is a $40 billion dollar industry in the United States. In Las Vegas alone—the unofficial gambling capital of the world—the casinos bring in over 10 billion dollars from people placing bets. Though many of those people only gamble once in awhile, there are people who make gambling the center of their universe. In other words, they are addicted to gambling.
The temptations to gamble are everywhere and you don’t need to be in a casino to try your luck. Every state in America, with the exception of Utah and Hawaii, offer some type of legalized gambling—from old-school slot machines to sports-betting apps and everything in between. The accessibility to gambling has only amplified with the Internet. Based on various surveys in recent years, it is estimated that two million people in the US are addicted to gambling. But that figure has the potential to increase at anytime, because those same surveys revealed as many as 20 million people noting that their gambling habit had begun to interfere with their work and social life. That type of behavior falls into the category of “compulsive gambling,” which is the stage before gambling addiction.
“The shortest version is that compulsive gambling is, as its name implies, a compulsion,” says Lance Dodes, MD, author of THE HEART OF ADDICTION: A New Approach to Understanding and Managing Alcoholism and Other Addictive Behaviors. “Compulsive gambling leads to an addiction, which is a psychological symptom that is well-understood and treatable with psychotherapy oriented toward that understanding. It is not a biological, genetic or moral issue, and it is not fundamentally different from other compulsive behaviors or addictions.”
Article continues belowTake our 2-minute gambling addiction quiz to see if you may benefit from further diagnosis and treatment.
Usually, people start out gambling for fun, and then they lose money they didn’t mean to, and they end up chasing that loss until all their money is gone. And in many cases, people are gambling because they have faced emotional and financial losses and they are trying to console themselves.
There is a misconception among many people that problem gambling, another term for gambling addiction, is not a big deal. “Most people don’t realize that problem gambling is a real disorder, just like alcohol or drug addiction,” says Shelia Moran, director of communications and marketing at First Choice Services, a nonprofit agency in West Virginia dedicated to mental health issues and problems. “They think it’s just a bad habit that can be easily ended. The good news is that we find most people who get treatment are able to successfully stop gambling.”
Sadly, it is estimated that over 80% of people who suffer from some type of gambling addiction never seek treatment, no matter how bad their problem is. Other statistics reveal that while there are people who do seek treatment for their gambling addiction, over 70% end up returning to the world of betting. People with this type of disorder are more likely to suffer from other types of mental health and substance abuse issues. Many gamblers also have an alcohol disorder or addiction, and over half were nicotine dependent.
The emotional toll it takes on people is devastating, and in many cases a gambling addiction can also bring bouts of depression, and in extreme situations may lead to suicidal thoughts or tendencies. People with a gambling addiction are also prone to anxiety, high stress and extreme sadness. When a gambler loses everything, their life will suddenly become hopeless and they fear what the future might bring.
As with other addictions, there are warning signs to look out for. These include:
Physical symptoms of excessive gambling include problems sleeping, weight gain or loss, dark circles under the eyes and extreme headaches.
How can you tell if someone has a gambling disorder? The American Psychiatric Association has developed guidelines and says that a person requires at least four of the following issues to take place during the past year:
If you suspect that someone in your life is addicted to gambling or a compulsive gambler, you should know that there is help. Here are treatment options to consider:
According to the American Psychiatric Association, as of 2016, there are no FDA-approved medications for the treatment of gambling disorder. There is, however, emerging scientific research that has shown that medications can be effective in reducing the intensity of urges and cravings for gambling.
Finally, Gamblers Anonymous has been beneficial in the lives of people who have an addiction; however, they must first admit they have a problem, which is often times the most difficult thing to do. If someone is unable to find an accessible chapter of Gamblers Anonymous, Alcoholics Anonymous addresses many of the same behaviors.
Just as anyone can become addicted to gambling, anyone can stop.
Gambling, for some people, is a leisure activity that offers a night out on the town enjoying time with friends and family, with a distant possibility of winning money. For other people, the stakes are higher. After all, gambling is a $40 billion dollar industry in the United States. In Las Vegas alone—the unofficial gambling capital of the world—the casinos bring in over 10 billion dollars from people placing bets. Though many of those people only gamble once in awhile, there are people who make gambling the center of their universe. In other words, they are addicted to gambling.
The temptations to gamble are everywhere and you don’t need to be in a casino to try your luck. Every state in America, with the exception of Utah and Hawaii, offer some type of legalized gambling—from old-school slot machines to sports-betting apps and everything in between. The accessibility to gambling has only amplified with the Internet. Based on various surveys in recent years, it is estimated that two million people in the US are addicted to gambling. But that figure has the potential to increase at anytime, because those same surveys revealed as many as 20 million people noting that their gambling habit had begun to interfere with their work and social life. That type of behavior falls into the category of “compulsive gambling,” which is the stage before gambling addiction.
“The shortest version is that compulsive gambling is, as its name implies, a compulsion,” says Lance Dodes, MD, author of THE HEART OF ADDICTION: A New Approach to Understanding and Managing Alcoholism and Other Addictive Behaviors. “Compulsive gambling leads to an addiction, which is a psychological symptom that is well-understood and treatable with psychotherapy oriented toward that understanding. It is not a biological, genetic or moral issue, and it is not fundamentally different from other compulsive behaviors or addictions.”
Article continues belowTake our 2-minute gambling addiction quiz to see if you may benefit from further diagnosis and treatment.
Usually, people start out gambling for fun, and then they lose money they didn’t mean to, and they end up chasing that loss until all their money is gone. And in many cases, people are gambling because they have faced emotional and financial losses and they are trying to console themselves.
There is a misconception among many people that problem gambling, another term for gambling addiction, is not a big deal. “Most people don’t realize that problem gambling is a real disorder, just like alcohol or drug addiction,” says Shelia Moran, director of communications and marketing at First Choice Services, a nonprofit agency in West Virginia dedicated to mental health issues and problems. “They think it’s just a bad habit that can be easily ended. The good news is that we find most people who get treatment are able to successfully stop gambling.”
Sadly, it is estimated that over 80% of people who suffer from some type of gambling addiction never seek treatment, no matter how bad their problem is. Other statistics reveal that while there are people who do seek treatment for their gambling addiction, over 70% end up returning to the world of betting. People with this type of disorder are more likely to suffer from other types of mental health and substance abuse issues. Many gamblers also have an alcohol disorder or addiction, and over half were nicotine dependent.
The emotional toll it takes on people is devastating, and in many cases a gambling addiction can also bring bouts of depression, and in extreme situations may lead to suicidal thoughts or tendencies. People with a gambling addiction are also prone to anxiety, high stress and extreme sadness. When a gambler loses everything, their life will suddenly become hopeless and they fear what the future might bring.
As with other addictions, there are warning signs to look out for. These include:
Physical symptoms of excessive gambling include problems sleeping, weight gain or loss, dark circles under the eyes and extreme headaches.
How can you tell if someone has a gambling disorder? The American Psychiatric Association has developed guidelines and says that a person requires at least four of the following issues to take place during the past year:
If you suspect that someone in your life is addicted to gambling or a compulsive gambler, you should know that there is help. Here are treatment options to consider:
According to the American Psychiatric Association, as of 2016, there are no FDA-approved medications for the treatment of gambling disorder. There is, however, emerging scientific research that has shown that medications can be effective in reducing the intensity of urges and cravings for gambling.
Finally, Gamblers Anonymous has been beneficial in the lives of people who have an addiction; however, they must first admit they have a problem, which is often times the most difficult thing to do. If someone is unable to find an accessible chapter of Gamblers Anonymous, Alcoholics Anonymous addresses many of the same behaviors.
Just as anyone can become addicted to gambling, anyone can stop.