Date post: | 22-Dec-2015 |
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Which of these is gambling?
Poker games with friendsPlaying poker online for no
moneyGoing to the casino
Church bingoFundraiser raffle
Day trading in the stock market
Risking money or something of value on the
outcome of an unpredictable event or
contest.
Definition of Gambling:
Gambling is the norm
• Gambling at some level is the norm among college students– 70% in Connecticut sample– 88% in Minnesota sample
• Most people can gamble without a problem, but a sizable percentage of college student gamble excessively and show signs of a gambling problem (3.2% - 16.4%).
those are stats…this is real:Greg Hogan was
• a 19-year-old finance and accounting major at Lehigh University
• president of his sophomore class• a cellist in the university orchestra • an employee in the school chaplain's office• the son of a Baptist minister ….and• a student with a gambling problem whose
desperation drove him to bank robbery and jail
Why do some people get into trouble with
gambling?3 forces work together:
Person: personality…genetics?
Games: built to compel you to play more
Environment: it’s everywhere and seen as harmless fun
HOOKEDHOOKED
Brain is affected
Tolerance develops
Loss of control
like other “addictions”
…but harder to detect
Internet gambling:
• Is illegal• Accelerated rate of
play increases losses
• Free practice sites – let you win more so you think you’re skilled…when you bet with money that changes
How brain activity differs when we contemplate financial losses and gains.
The blue areas at left are those that become deactivated as we make decisions that will likely cause us to lose money.
The orange and red areas at right show the activation that occurs in the brain when we believe the odds are in our favor and we’ll win money.
Let’s say there is 1 piece of red popcorn hidden in this bag of 10,000 pieces of white popcorn
….you’d have a better chance of reaching in and grabbing the one red kernel of popcorn in this bag than you would of winning $100 on a powerball ticket
….but if your lucky numbers have “almost” come up in
the last five lottery drawings, you may believe that your
chances of winning are better than this…yet they are not
other examples of false beliefs?
If you find yourself saying, "I can't quit now, I'm on a winning streak,"
Gambler's Fallacy
If you find yourself saying, "I can't quit now, my luck's about to change,"
Gambler's Fallacy
One of our basic needs is for a sense of control, which we gain by seeking to predict the future and by attributing cause to events that occur
that are really random
Responsible gambling guidelines
• Set a money limit and stick to it.• Set a time limit and stick to it. • Make it a rule not to gamble on credit.• Consider any losses the cost of recreation • Expect to lose and treat any winnings as a bonus. • Don’t gamble as a way to cope with emotional or
physical pain.• Gambling should not interfere with or substitute
for friends, family, work, or other • worthwhile activities. • Avoid trying to win back lost money.• Become educated about the warning signs of
problem gambling.
Plays with $ that is needed or borrowed
Expects to win; keeps playing to win back losses
Pre-occupied with gambling
Frequent, or spends more time gambling
Sticks to limits of money to play with
Hopes to win butexpects to lose
Can take it or leave it
Occasional gambler
PROBLEM GAMBLINGPROBLEM GAMBLINGSOCIAL GAMBLINGSOCIAL GAMBLING
Social or Problem?
A Simple Test
1) Have you ever had to LIE to people important to you about how much you gambled?
2) Have you ever felt the need to BET more and more money?
Yes to either may indicate a problem