Posts Tagged ‘money’
Are You Becoming a Compulsive Gambler?
January 13th, 2010 | Author: admin
Gamblers who fall in love with the excitement and “action” of gambling may, at first, be quite successful. They have fantasies of further success and of gambling becoming their personal path to wealth and power. Those who are headed for problems think they are smarter than the average bettor. They know that gambling is going to work for them because they, unlike less clever people, really understand how to beat the system.
As they become more involved in gambling, they derive an increasing portion of their self-esteem from seeing themselves as smart or lucky. Because of this, two things happen when they do incur the inevitable losses. First, they suffer monetary loss. Second, and often more important, they suffer a deflated ego.
To salvage their self-esteem, they rationalize losses by blaming other people, such as the jockey or the pitcher, or by blaming “bad luck” in cards, craps or lotteries. Or they reflect on their handicapping abilities and tell themselves they will not make the same “mistake” the next time.
The monetary loss is another matter, however, and this is dealt with differently. In order to recoup the loss, many gamblers “chase.” That is, they continue their betting and increase the amount of their bets in order to get even. Instead of saying, “It’s lost,” the chaser says, “I’ll get even tomorrow.” Chasing losses leads the gambler to gamble with more than he or she can afford to lose, and often to borrowing money in an effort to get even.
Many gamblers may chase for short periods, until they learn from bitter experience that this is counterproductive. The long-term preoccupation with chasing losses is the defining characteristic of the pathological gambler.
Chasing seems logical to many gamblers, as it means giving oneself a chance to get even.
If a gambler stops chasing, both money and self-esteem are lost. If the gambler continues chasing and wins, both can be regained. There is, therefore, the impetus to borrow in order to recoup losses. When continued gambling leads to still more losses, the compulsive gambler continues to borrow. The more money borrowed, the greater the commitment to more gambling as the only possible means of gaining enough money to pay off the debt.
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Tags: chasing, chasing losses, compulsive, escape, gambler, gamblers, gambling, loan, loans, loss, losses, money, order, really, self-esteem | 
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November 4th, 2008 | Author: admin
OFFLINE GAMBLING…For richer or poorer
Gambling is very popular, from way back when, and more so today. It is a scam itself. In fact the oldest form known. Not only a scam, but very deceptive. Statistics show that about six percent of adults that are involved in gambling are severely addicted to such a “past time” as they call it. People who are hooked on gambling have the urge to bet on almost anything. From horses, cards, and the casino. The number doesn’t end there. It continues to expand.
Casino scams are everywhere. High payouts and promising winnings are put up in huge slogans thereby attracting people who want to earn money the fast, easy and enjoyable way. A fact is gamblers waste a lot of their time, in the hope of winning. So they don’t give up easily.
Studies show that gambling problems can easily occur in individuals with no self control. It is necessary for one to identify if he has problems, so it can be identified and acted upon promptly.
Here are some questions one should ask to detect if there is a problem:
* After gambling, when you lose money, be it a small or a large amount, do regret it, or feel resentment?
* When you win, do you have a strong desire to win more, therefore you want to go back?
* When you lose, do you feel a need to go back very soon?
* Do you spend a lot of time gambling, usually longer than what you planned?
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