Hong Ze Tan

Gambling

DEFINITION GAMBLING

• Gambling means to stake or risk money, or anything of value, on the outcome of something involving chance.

TYPES OF GAMBLERS• Professional

• Casual Social Gambler

• Serious Social Gambler

• Relief-and-Escape Gambler

• Compulsive Gambler

NEGATIVE IMPACTS

• addictive and psychologically harmful

• gambling leads to the disintegration of families

• gambling affects poor people disproportionately.

ADDICTIVE AND PSYCHOLOGICALLY HARMFUL

• Gambling can become a psychologically addictive behavior in some people.

• people end up gambling to try to recover money they have already lost. This is known as ‘chasing losses’.

• It results in people staking more and more money, most of which they will lose, and sinking deeper and deeper into debt.

• Once that happens, it is often too late.

THE DISINTEGRATION OF FAMILIES

• A devastating effect on families.

• Gambling the other needs to support the whole family or the gambler may even gamble away joint savings.

• Psychologically there is a relationship between gambling and various psychiatric and alcohol disorders.

• This is also an impact on friends, who do not want to be tied into supporting gambling financially or even just emotionally.

• There are 10-15 other people adversely impacted by the gambling of that person.

AFFECTS POOR PEOPLE DISPROPORTIONATELY

• Poor people are more likely to gamble, in the hope of getting rich.

• About 80 percent of gambling revenue came from lower-income households

• It is immoral for the state or charities to raise money by exploiting people’s stupidity and greed.

• Taxing gambling is a regressive tax, and regressive taxation is deeply unfair.

• Gambling attracts people with little money who are desperate for a windfall.

IS THERE SUCH A THING AS A SAFE BET?

• All gambling or betting has an element of risk

• Lessen the chance you'll develop a gambling problem by:

• limiting the amount of money you bet

• limiting the amount of time you spend betting

• continuing with other social opportunities

• not spending your winnings on gambling

CONCLUSION

• Gambling is a severe problem caused by ones inability to control the gambling.

• Therefore, the link below has several tips to stop gambling: http://michelletee.hubpages.com/hub/Gambling-Addiction10-Ways-To-Stop-Gambling-Before-It-Is-Too-Late