EFFECTS AND CONSEQUENCES OF GAMBLING ADDICTION

A lot of people that we see and make contact with day after day are being faced with gambling addiction. It could be quite difficult to detect, due to the fact that gamblers usually feel the need to make it secretive and hide their regrets in order to cover their shame.

Gambling is simply the act of wagering and betting. The addiction arises when a person persistently gambles regardless of the negative effect that it may have on their finances, relationship, character, attitude and well-being.

Gambling addiction has to do with a compulsive and obsessive need to bet, wager, or gamble with a little assurance of winning. Sometimes, the end result could be severely disastrous and devastating for the gambler and related persons such as family and friends. Due to the uncertainty, gamblers could keep losing with the hope of winning a jackpot in the future to cover their previous losses, which may not happen eventually.

The secrecy involved in the addiction makes it very difficult for the addict to recover, and it also induces other addictions such as drug, alcohol amongst others, if not duly controlled and corrected. These are the only preliminary effects of gambling addiction, as there are a lot of consequences still involved.

EFFECTS OF GAMBLING ADDICTION IN A SOCIETY

1. Gambling is a channel for making money for those who win, and for those who rarely win, it could affect their finances adversely, leading to bankruptcy in the long run if not checked
2. When gambling hits the brim, it can result to increased drug and alcohol abuse, which is very detrimental to a society.
3. Gambling is also capable of increasing the rate of theft, fraud and forgery cases in the society due to the compelling need for money.
4. For those who cannot steal, they will have to resort to selling off their properties and belongings to suit their unquenchable desire.

CONSEQUENCES OF GAMBLING ADDICTION

1. Financial crisis and bankruptcy is quite unavoidable. Gamblers will go to any length to make sure they have money to gamble even while they are losing.
2. Job loss is very common among gambling addicts. Addicts will most likely miss work in order to gamble and can also become distracted at work because of their stakes.
3. It also strains the relationship between family and friends
4. It also causes mental and physical health issues

ARE YOU ADDICTED TO GAMBLING?

In recent times, gambling has become a way of life for a lot of people all across the world now. Many teenagers and adults now rely on gambling to provide their daily bread, and to also suffice for their daily upkeep. Some literatures, journals, books and articles, refer to gambling as a way through which people desire to get rich quickly, which is not healthy for the people and also the society.

In simple terms, gambling is the staking or wagering of money or other things that are of value, in a bid to get more money or material substance.

It is usually referred to as gaming when it has a legal permit (i.e. when it is permitted by law), but asides that, it is an illegal activity that people are to abstain from to avoid being addicted. It is not a contractual agreement because it is based on risk and uncertainty, but it is binding on the parties that are involved. It is a mere agreement to win or lose money or other valuables based on the terms and conditions.

THE END RESULT OF GAMBLING

The ability of gambling to enrich people and give them a better life when they eventually win, makes people get addicted. Gambling addiction occurs when a person has an obsessive urge to always bet even when he or she is not financially buoyant. People often get addicted to gambling when they are in desperate need of money.

When people are desperately in need of money and they venture into gambling, they keep investing into it with the impression that they are building a life savings and soon in the future, they will regain all that they have invested in a huge way. Most gamblers do not eventually attain their hopes of making profit or breaking-even and mostly end up being poor and wretched. However, very little persons get to make it big.

WAYS TO DETECT IF ONE IS ADDICTED TO GAMBLING

It is quite difficult to admit that one is addicted to gambling, but here are some pointers and indicators of gambling addiction:

1. Sudden pressure or compelling force to gamble for the sake of making money
2. Persistent gambling even when you cannot financially afford it
3. When gambling is making one depressed, anxious and even have suicidal thoughts
4. Gradual upgrade to other addictions like drug and alcohol addiction
5. Impression of keeping gambling a secret from friends and family