Gambling: It’s a Matter of Degree. Which of these is gambling?. Poker games with friends Playing poker online for no money Going to the casino Church bingo Fundraiser raffle Day trading in the stock market. Definition of Gambling:.
It’s a Matter of Degree
Poker games with friends
Playing poker online for no money
Going to the casino
Day trading in the stock market
Risking money or something of value on the outcome of an unpredictable event or contest.
Harmful / Problem
3 forces work together:
Games: built to compel you to play more
Environment: it’s everywhere and seen as harmless fun
like other “addictions”
Brain is affected
Loss of control
…but harder to detect
What are the most addictive types of games?
Can you make a living at it?
Can you name some?
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.
A: the Gambler’s Fallacy
…an example follows…..
… are about 11 thousand to 1…but what does that mean??
….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 notother 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
SOCIAL GAMBLING winning streak,"
PROBLEM GAMBLINGSocial or Problem?
Frequent, or spends more time gambling
Sticks to limits of money to play with
Plays with $ that is needed or borrowed
Hopes to win but
expects to lose
Expects to win; keeps playing to win back losses
Can take it or
Pre-occupied with gambling
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