Addicted gamblers almost always lose money due to the amount of time they play. Casino games are statistically designed for the house to win more than 50% of the time. What this means is the longer a person plays, the more likely they are to lose money. A player might gamble for a small period of time and reap profit from a game's short-term departure from statistical averages, but the longer they play the more likely they will be susceptible to the game's long-term statistical odds, which are not in their favor. Because gambling addicts often play for extended periods of time, they fall victim to the long-term odds.
For gambling addicts, gambling is about the high, not the money. A gambling addict's goal is to win, but often times when they win money they pour it right back into gambling because it is the high they seek. A win just means more resources to devote to the addiction, and often gamblers raise their bets after a win because they believe they can win more and because the increased action improves their high.
A gambling addict will gamble found money instead of paying back debts even when they are in financial ruin. The longer an individual has been addicted to gambling, the more they've mentally reinforced their delusions that they can win, and thus the more they actually believe they can win additional money with found money. In addition, the desire for the high is greater than the sadness and despair they feel as a result of their financial situation; and, in fact, the destructive consequences they experience due to their gambling often gives them negative feelings that cause them to want to escape into their addiction even more.
Why is it that addicted gamblers almost always lose money? In the video below, find out the answer to that question and much more.
By: Zach Good
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