Gambling & Addiction Something To Be Feared?

June 4, 2011

Gambling and addiction are phrases that are often linked as one in an effort to transform gambling into a sin. The picture takes shape in the form of the naive individual who begins with the seemingly innocuous games of “scratch it” or a simple wager with friends.
The next thing that happens is, this person is lying, unprincipled and stealing from mates, family and associates in an effort to cover their bets and win back their loses. They get heavily in debt, lose the house, lose the household and wind up on their own in a sea of destruction. OMG! He/She has turned out to be an addict!

Wow, who would have thought such a horrible chain of occasions would have occurred from such innocent beginnings? I bet you didn’t have any thought it was such an issue did you? Well, generally for the most part, it is not.

I do not mean to get too dry or boring but, the Journal of Clinical Psychiatry printed a research study in 2005 which estimated a .42 percent rate of pathological gambling based on a sample of greater than 43,000 U.S. residents aged 18 and older (Petry, N.M., Stinson F.S., Grant B.F. “Comorbidity of DSM-IV Pathological Gambling and Other Psychiatric Disorders: Results from the National Epidemiologic Survey on Alcohol and Related Conditions.” Journal of Clinical Psychiatry, 66(5). May 2005.)

This study, together with one other study (Shaffer, H.J., LaPlante, D., LaBrie, R., Kidman, R., Donato, A., and Stanton, M. “Toward a syndrome model of addiction: Multiple expressions, common etiology.” Harvard Review of Psychiatry, 12, pp. 367-374. 2004.) found that gambling and addiction behavior may be a manifestation of an underlying addiction syndrome that accounts for all addictions, meaning addictions – whether to medication, alcohol, food, shopping or gambling – are all related. It was also concluded that gambling is comorbid with substance abuse, mood and anxiousness disorders, and personality disorders.

This means that therapy for one situation should contain assessments and potential treatment for other conditions. It might additionally suggest that gambling isn’t the real culprit. That the problem is more complex.

Gambling and Dependancy
– Let’s Not Worry, OK?

Alright, now. Should we be apprehensive about the entire gambling and dependancy thing? I think not. Except, of course, the individual you’re concerned about has an addictive personality. But, because the correlation percentages between gambling and addiction are so low, it does not stand as a viable argument against gambling.

Gambling is a good source of entertainment!

Gambling ought to stay a personal choice. Gambling is enjoyable, exhilarating and lends an additional level of interest to an event. Undoubtedly, it is no fun to lose however, hey, that’s the chance you take. That’s why it is called gambling.

Will Investing Save You From Gambling and Habit?

We are told that, to be protected, you invest funds instead of gambling with them. You know, like investing in the stock market or real estate. That way you know your cash is safe!?

Current events have pretty much uncovered the reputed security of this kind of investing as a falsehood, hasn’t it?

With gambling you already know the probabilities, you give your cash to a bookmaker then, a comparatively brief time later, when the event is over, you either get money back or you don’t.

With shares or real estate, no one is aware of the percentages, you give your cash to a stockbroker or buy property then, whenever you dispose of the stock or real estate at a future date, you get your money back plus profits or, if it is depreciated or the corporation has gone bankrupt or the market has turned in opposition to you for any variety of causes, you get what’s left over (if anything).

Do not let anybody deceive you. The stock market, real property, futures and commodities are all forms of gambling. The primary difference is how much you win or lose and how fast!

Before you do any “investing” or gambling, it’s essential to educate yourself and set limits.

People should be as concerned about losing the investment game as they’re about gambling and addiction.

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