Gambling
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Addiction, Dependence And Risk

Gambling is the indulging in 꽁머니 wagering on an uncertain event with an uncertainty as to the outcome with an intention of winning something more than what is placed up as stake. Gambling therefore requires three elements for it to be valid: risk, consideration, and a payout. The uncertainty or risk that may be involved in the gambling must be known at the time the wager is placed. In many cases, this may be done in the form of a spread or some sort of bet.

Then, there is the need for consideration. The idea of gambling is to take chances but then there is also the need to consider the consequences of such chances. This may come in the form of losing out on the uncertain outcome or simply being dealt a bad hand or pair or anything else that may go wrong during the game.

The other element is of course the reward itself. Gambling is based on winning and hence there is a need for a reward or an incentive to further spur you to win. This is where addictions can come into play. It is easy to gain the needed incentive by just winning the game. The problem with gambling is that since it is based on chance, then there is a possibility that you may get stuck with a higher risk or even worse, a lower reward.

Addictions can be found in many different ways. The most common is of course gambling and alcohol addiction, which is becoming an increasingly widespread problem. Another addiction that is seen often is prescription medication, such as those for pain killers or sleeping pills. These are easy to obtain and then once dependency sets in, many people find themselves unable to stop their usage or forgo the medication.

For many people, gambling behavior becomes a habitual activity and they find themselves unable to stop gambling even when they are aware of the risks involved. This is because the rewards that they feel are worth it, and without these, gambling addiction becomes inevitable. The problem of course is that the person has now lost sight of what real rewards look like. They have gotten used to seeing gambling as a form of relaxation, excitement or even money making.

There is however another kind of gambling and that is called non-wagering. This is where the gambler bets against an unknown or uncertain outcome. For example, if a player is placing a wager on a horse race then that person knows that the horse has already won somewhere else and the likelihood that he will win again is somewhere in the range of 10%. That’s a fairly good estimate but at the same time there is no guarantee that he will indeed win that race and perhaps the payout will fall short of what was expected. In this type of situation non-wagering becomes a more appropriate financial management tool.

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