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Gambling: It’s a Matter of Degree

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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:.

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slide1

Gambling:

It’s a Matter of Degree

which of these is gambling

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
Definition of Gambling:

Risking money or something of value on the outcome of an unpredictable event or contest.

gambling is the norm
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
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
levels of involvement
Levels of Involvement

No Gambling

Pathological

Social

Harmful / Problem

why do some people get into trouble with gambling

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

slide8

HOOKED

like other “addictions”

Brain is affected

Tolerance develops

Loss of control

…but harder to detect

a word about the games themselves

A word about the games themselves….

What are the most addictive types of games?

poker luck or skill

Poker: luck or skill?

Can you make a living at it?

casino gaming tricks

Casino gaming “tricks”

Can you name some?

internet gambling
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
slide14

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.

q what built las vegas

Q: What “built” Las Vegas?

A: the Gambler’s Fallacy

…an example follows…..

odds of winning 100 in powerball
Odds of winning $100 in Powerball

… are about 11 thousand to 1…but what does that mean??

let s say there is 1 piece of red popcorn hidden in this bag of 10 000 pieces of white popcorn
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

slide18

….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?

slide19

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
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.
social or problem

SOCIAL GAMBLING

PROBLEM GAMBLING

Social or Problem?

Frequent, or spends more time gambling

Occasional gambler

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

leave it

Pre-occupied with gambling

a simple test
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

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