Understanding Gambler’s Addiction
What is Gambalancing? Gambalancing is the act of betting on something of little or no value with the objective of winning something much greater in value. For example, if someone bets on a horse race but bets on the final day to win a lot of money, he or she is gambling. To some, gambling can mean backing a losing player and vice versa.
However, there are many different types of gambling. Betting on horse races is one type of gambling, as is backing slot machines. In either case, a person who bets on something where the overall expected value is lower than the final payoff will likely wind up ahead or, at worst, behind in the long run. Thus, gambling takes three components to exist: risk, consideration, and a reward.
Problem gambling, as its name implies, is when a person is excessively hooked on gambling and is unable to stop. Some people develop a pattern of picking numbers and colors that give them an irrational sense of “possession” of the object that they’re holding. Others may simply have a difficult time stopping once they’ve reached their financial limit. These people have many people in and out of their lives, as they constantly surround themselves with gamblers, companions, and gamblers who continue to gamble with them.
Gambling is illegal in many states across the United States and is often closely related to the sale and distribution of illegal drugs such as marijuana and cocaine. In recent years, however, states have begun to legalize gambling through the implementation of a progressive income tax, increase in gaming licenses, and the implementation of a system of progressive taxation. Gamblers have been the target of raids, sting operations, raids on casino houses, and numerous other types of law enforcement efforts. To this day, no one knows how many Americans are addicted to gambling. The problem is so huge that the government has made it illegal to engage in a business which promotes gambling in the United States.
Gamblers are not only considered criminals but are often ostracized, fired from their jobs, and personally humiliated by both their peers and employers. Gamblers are also often excluded from important events in their lives such as weddings, graduations, and birthdays. Gambling addiction is much more than a personal failing or inability to make ends meet. The problem gambling addiction is a result of uncontrollable, harmful behaviors that lead to horrible personal consequences.
Unfortunately, many people do not realize that they have a problem until it is too late. The effects of gambling addiction can be far-reaching in the physical and mental spheres of a person’s life. These consequences include depression, anxiety, stress, heart disease, high blood pressure, lack of sexual activity, weight gain/loss, and poor dental health. The bad effects of gambling addiction are not limited to these areas, however. In fact, the damage goes on to the family of the gambler as well, especially if he or she falls victim to financial fraud or other forms of theft.