Are Problem Gamblers Different From Other gamblers?
Gambling as an activity is as old as people themselves, but what has changed in recent years is its face. Gambling has always been an activity characterized by an element of chance, but now it is often coupled with technology which makes the likelihood of losing one’s money to greater levels. In the past, gambling was confined to certain places, events, or occasions like horse racing, cock fighting, and others. Today however gambling has spread into different areas and is becoming popular in sports, politics, finance, and even among celebrities.
The face of gambling today includes lotteries, casinos, card games, online betting, sports betting, and even live streaming of certain sporting events. In line with this development, gambling has developed as a means to earn money. Gambling as an activity may have emerged from the same place it has since history, but the development of gambling games has changed a lot since the old days. Before, gambling was a type of a hobby or pass time for people who enjoyed gambling and the thrill that came with it. Today gambling has become a multi-billion dollar business, especially in the United States of America where it is believed to have contributed to the economic well being of the country.
Gambling per se does not entail the outcome, but rather the manner in which the gambling will end, which can be viewed as either good or bad. Therefore, the outcome of a gambling game is not entirely based on the outcome as seen in the game of poker, but on the way the outcome is chosen or desired by the bettor. To put it simply, you may want to know how much you are going to win or lose, but this is dependent on how much effort you want to exert in the game of baccarat. A good example of this would be if you bet on blackjack and you have an idea that you can double your bet; then technically, yes, you will end up winning. However, if you have a very tight win limit, then you may have to end your bet early as the chance of winning drastically reduces, due to the number of people who are also betting on blackjack.
In order to understand how to end a gambling bet, it is important to look at what gamblers do before placing their bets. Most gamblers initially set a ‘loss’ or a ‘win’ limit before they begin to bet. This is also the same for those who are interested in gambling for real money, meaning that they set a financial loss and are willing to walk away if they lose more than this amount.
In addition to these limits, gamblers should also set aside a contingency or an additional amount in case they lose all of their initial money on the gambling spree. This is known as gambling for real money, which is obviously very different from gambling for pleasure as seen above. Most gamblers only set aside a small amount of their winnings in case they loose, which allows them to live on their winnings. The larger majority of gamblers, however, are completely bankrupt after they have lost all of their money on gambling. For these gamblers, gambling is not a hobby but a means to make a living.
In conclusion, it can be said that there is a difference between the two types of gamblers: Problem gamblers indulge in habitual gambling behavior, while the other type of gamblers are pathological gamblers. Problem gamblers are known to be unable to control their urges and are unable to stop themselves from gambling once they have started. Thus, even if the problem gambler can control his/her urges to gamble, he/she will still have to face the consequences of losing all of the money that he/she has gambled for.