Problem gambling is a growing public health concern, with a higher prevalence among the college-aged population than in older age groups. This may reflect broader developmental issues that contribute to the risk for problem gambling. For example, the British Gambling Prevalence Study reported higher rates of problem gambling among men in college than among the population aged 65-74. However, problem gambling was much less prevalent among women in college. Hence, there is still a need for more research on the prevalence of problem gambling among the college-aged population.
Problem gambling
Whether a person gambles for money, for fun, or for other reasons, problem gambling is a serious issue that can affect a person’s life in a number of ways. It is an impulse-control disorder that can negatively impact a person’s emotional, social, and legal well-being. While it may be a mild case, problem gambling can worsen over time. Previously, problem gambling has been labeled pathological gambling or compulsive gambling. In recent years, however, it has been referred to as disordered gambling. Despite the complexities associated with gambling addiction, the disorder has been recognized as an impulse control disorder by the American Psychiatric Association.
Excessive gambling
The emotional consequences of excessive gambling can be devastating. The gambler can develop extreme depression or even suicidal thoughts. During bouts of high stress, extreme sadness, and depression, the individual may also experience suicidal thoughts. In addition, the person may be constantly worried about the future and continue to gamble even if they cannot afford to do so. Some of the physical consequences of excessive gambling include poor sleep, dark circles under the eyes, and increased weight.
Treatment for compulsive gambling
Treatment for compulsive gambling is crucial for those struggling with this destructive habit. A compulsive gambler is unlikely to get rid of his or her addiction in a single session. Often, the compulsive gambler will pay lip service to treatment, thinking that they have everything they need from the program and thus stop after a couple of sessions. Psychiatrists can help these people to process their thoughts and feelings about gambling.
Cheating in gambling games
Cheating in gambling games is a practice that involves the use of strategies to gain an unfair advantage over your opponents or the casino. This can be done in several ways, such as using rigged equipment or manipulating cards. Some cheaters are skilled enough to use these tactics to make the game look more appealing to them. Some even attempt to steal from fellow players. Regardless of the method used, the end result is the same: an unfair advantage.
Insurance as a method of shifting risk
Insurance as a method of shifting risk when playing gambling has many similarities with insurance. Gambling creates new speculative risk, while insurance deals with pure risks. Insurance companies use actuarial methods to determine premiums, just as gamblers use betting odds to calculate their risk. However, there are key differences between gambling and insurance. While gambling is considered unproductive and often involves high risks, insurance is always socially productive.