Gambling can be defined as betting that must result either in a gain or a loss. Gambling in certain parts of the world has grown at an unprecedented rate over the last decade and is an increasingly popular recreational activity. Gambling is neither, risk taking in the sense of speculation nor investing. A person chooses to gamble whenever he or she takes the chance of losing money or belongings, and when winning or losing is decided mostly by chance.
While gambling was once referred to as being illegal, or even viewed as a disreputable activity, social customs and beliefs have shifted. Surveys indicate that the general population favors funding charities, health care and other important initiatives through the funds that are raised from gambling. Gambling is now a million dollar industry in places like Canada, and its growth is likely to continue.
There are different reasons why people choose to gamble. Individuals may be gambling to win money, to socialize, for excitement or to pass time. For some people, gambling may become a serious problem that affects all aspects of their lives. And as gambling becomes more accessible, the number of people affected by problem gambling also increases. While some may consider gambling to be associated with casinos and racetracks, there are countless activities that are considered gambling.
There is a likelihood that the individual chooses to be impulsive which sows the seed of the Gambling addiction. When you go into a casino or sit down in front of a slot machine and you get reinforced, then you're going to start anticipating money coming your way. Now, there are several types of learning.
One such type of this kind of learning is if you went into a casino and sat at a slot machine and you won every single time and then suddenly you stopped winning and you kept on losing, you could walk away from that slot machine because you would say to yourself "well I was winning then and I'm not winning now, there's no reason to continue or to hope for a turn of events".
Another sort of learning is where every time you went to the slot machines and you put your coins in and you never won, well chances are you won't become addicted. This is just another form of learning where they purposely make the slot machines pay out a certain percentage of the time. What happens over time and the casinos are aware of, is called variable reinforcement. So you don't know how often or even when that next pay off will happen.
This is the form of learning that converts normal people into gamblers. They become hooked by this variable reinforcement principle due to the fact that they are unsure of their next win. They can teach you or you can learn, that you cannot predict the pattern of when you're going to, when to win or know when to pull out and take your money the better for them. So you're going to stay there and stay on until some point when you have to leave because you've been taught if you just hang in there that slot machine that card game will eventually pay off. The anticipation is what drives them and keeps them going. They are salivating waiting for the reward.
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This post was written by Pete Macdonald on March 15, 2010
