We all understand that gambling offers you the chance of winning money or prizes, but have you considered some of the other reasons why people gamble? Here is a quick look into the psychology of gambling that offers insight into that question.
Why Do People Gamble? – Risk Taking
One of the reasons for gambling is that it’s human nature to feel excited when taking risks and the positive feeling gained from gambling is no different. “Will my numbers come up?” “Will my team win?” The sense of anticipation creates a natural high, an adrenaline rush, a feeling that very many of us seek when looking for fun and entertainment. A feeling that some people believe they cannot live without.
Why Do People Gamble? – Escapism
The gambling environment can provide an escape from everyday life. Whether it be the glitzy casino environment, a loud and exciting amusement arcade or even an online betting company, for the time that we are taking part we can be surrounded by different people, different sounds and emotions, all of which stimulate and arouse our senses.
Why Do People Gamble? – Glamorous
The media and advertising agencies understand the psychology of gambling and often portray a stylish, sexy, fashionable image of gambling. In film and TV, we see characters enjoying a night at the casino or an afternoon at the races. There is often a suggestion of ‘high society’ and attending at ‘a place to be seen’.
Why Do People Gamble? – Social
Gambling is accepted as part of this country’s culture and as such is widely participated in (with varying frequency) by the majority of the population. Some young people are introduced to gambling by learning to play card games like poker with their parents at home or at popular online casinos like Royal Vegas online casino. Some start by going to bingo with friends. Others might meet after school at the amusement arcade.
Psychology of Gambling: The Common Misperception
The above reasons for gambling all tie into this: most people think about gambling as a low-risk, high-yield proposition. In reality, it’s the opposite: a high-risk, low-yield situation. The odds always favor the house. Despite that, the thought and excitement of hitting a casino jackpot are often too alluring – regardless of its probability.
Photo Credits
Photo is from Pixabay – CC0 Public Domain
Guest Author Bio
Jacob Urinoff
Jacob Urinoff is a risk management team leader at NetEnt online gaming company
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