I would agree with what he's saying. But the thing is that most gambling addicts are well aware of the chances of them winning from the get-go. The real reason why people are falling off of the deep-end in gambling is primarily the lack of discipline. It's like you know you're gonna get paid anyway the next 2 weeks so you can go a little overboard on the budget as a treat to yourself, and then it snowballs into taking out loans on credit cards and your bank, then to your friends, and then eventually to even shadier situations and people.
I reiterate, I don't think the common gambler's stupid. They have a basic grasp of the odds of them winning. It's the thought that somehow they'd win in their sessions so they should just keep going that's causing them to become addicted to gambling in the process.
Topic: Do you think that this is aperfect analogy of how gambling addiction starts? - page 7. (Read 1020 times)
November 29, 2023, 06:01:16 PM
November 29, 2023, 05:59:44 PM
Before people starts gamble they knew that they are gonna lose money only that they refuse to accept that they should lose therefore chasing every loss in the verge for recovery which is how addiction gradually draws in without the gambler knowing. Humans are created with a winning instinct and attachment that's why losing at anything disturbs their mind but when this losing is happening in gambler I think it's better to let it go and not fight it thinking you can recover you'll just get wasted. So it's really not about a gambler not knowing about probability in gambling it's about the gambler as a human being able to accept defeat (losing his money) to not chasing it.
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. The person who wins thinks they were lucky, but they don't think about all the times they lost. As you are doing this, it is triggering your dopamine centers.
Yea it's common for gamblers not to think of all the past losses when they hit a huge win but what about those gamblers that get lucky at their first time to gamble they win a huge amount of money in the casino. What can you say about this.
November 29, 2023, 05:58:49 PM
It is a good analogy that you can think of so that you can accept your losses. There are gambler that can't accept themselves when they've been losing a lot.
That's the reason why many are looking for a reason to do this because they think that it's a good consolation for them and it's gonna help them accept lightly their losses.
But if it comes to the point that you're being addicted, that's harder than what it seems to be.
That's the reason why many are looking for a reason to do this because they think that it's a good consolation for them and it's gonna help them accept lightly their losses.
But if it comes to the point that you're being addicted, that's harder than what it seems to be.
November 29, 2023, 05:52:26 PM
Read this transcript of Andreas Analogy of how gambling addiction kicks off and tell me if you think he is right or not. Basically, your opinion.
Gambling is a tax for people who don't understand the mathematics of probability. If you understand how probability works, you can't ever rationally gamble. The only reason you would gamble is if you decided, "I am going to lose money; the fun I have while I am losing money is worth it." "I am paying a fee for temporary fun." But most people cannot do that. Once you become drawn into the game, the gambling process triggers these responses. You start getting confirmation bias, selection bias, and survivor bias. These are known cognitive biases. The person who wins thinks they were lucky, but they don't think about all the times they lost. As you are doing this, it is triggering your dopamine centers.
Gambling is a tax for people who don't understand the mathematics of probability. If you understand how probability works, you can't ever rationally gamble. The only reason you would gamble is if you decided, "I am going to lose money; the fun I have while I am losing money is worth it." "I am paying a fee for temporary fun." But most people cannot do that. Once you become drawn into the game, the gambling process triggers these responses. You start getting confirmation bias, selection bias, and survivor bias. These are known cognitive biases. The person who wins thinks they were lucky, but they don't think about all the times they lost. As you are doing this, it is triggering your dopamine centers.
People will not think about anything since majority of people gambling addiction comes from curiosity. They usually want to try new things that came out from their mind or outsource anywhere since they caught up on the idea that its fun to gamble or either this is the fastest way for them to earn money. But they didn't know little by little they gat caught up and came to the point that they can't stop since they always think about gambling then their day is not complete without playing this. That's how they get addicted and its so harmful to be on that situation especially if we are dealing with this experience for the first time since we are denial and don't want to get help since we think we are still fine.
November 29, 2023, 05:38:01 PM
I don't think it's just about those who don't understand probability. Gambling addiction is like a sickness that is difficult to erase although I believe there's no pleasure in it anymore. I have a belief that everything that is too much is not enjoyable anymore. It's like a person is just being called to do it without any big reason at all. Habit could become the spark of gambling addiction.
At that moment, the decision-making becomes cloudy, they will forget about probabilities, and would possibly be just playing because they feel like they are being called.
I think those types of gamblers can easily be spotted in today's era when a person directly goes to his computer and starts gambling early in the morning. The inappropriate time spent in gambling will be the red flag that addiction might have affected them.
At that moment, the decision-making becomes cloudy, they will forget about probabilities, and would possibly be just playing because they feel like they are being called.
I think those types of gamblers can easily be spotted in today's era when a person directly goes to his computer and starts gambling early in the morning. The inappropriate time spent in gambling will be the red flag that addiction might have affected them.
November 29, 2023, 05:15:03 PM
Nobody that will not give you an excuse of be addicted in gambling because theirs one action I condemn for people who is a gambling addicted bit the don't know how come they managed to be addicted in the gambling so I believe that for someone to be addicted in gambling the person who is addicted contributed at least twenty percent of what makes him or her to be addicted in gambling but sometimes some people don't believe that they are addicted in gambling until people living around there began to tell them what's obtainable in the gambling and why they say that its addicted in gambling
November 29, 2023, 05:02:25 PM
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Louder! I swear the amount of bias people get from people sharing big wins, not to mention their own possible wins, is insane to the point that they'd argue that it's worth the money, time, and effort to continue doing so FOR money. I've always advocated that if you gamble, make sure it's for fun since it never is fun if you only lose money after all. As I've also shared before, people only share wins because they're rare but never losses because it's the usual occurrence for a gambler, so they never really notice said losses.Well people can still gamble regardless of whatever their goal is. Just don't expect it to return anything to you. It's a game, the most you'd usually expect is thrill and enjoyment. The wins? Just take those in as bonuses.
November 29, 2023, 04:58:40 PM
What that start gambling addiction is not about people that do not understand probability. When I was addicted, I understood everything and how I can lose, but I want to earn and make daily income from gambling. I thought I was better and looking for ways to earn money from it, but at the end, it was not a good story at all and I had to quit gambling for a year. This makes me think that others that are addicted is because they want to make money from gambling, looking for different strategies to increase the probability to earn than lose as I did when I was addicted but still nothing worked out as planned but losing money frequently.
I think its because of desperation right? We keep playing thinking that we’ll make up with the losses and we justify our losses just as what OP said, it is because we’re having fun. So, whether it's chasing losses or just enjoying the game, it's this mix of hope and fun that keeps us going, even when the odds might not be in our favor. Thats where addiction start.
but once you've been creating that kind of motive and desperation in mind then it is really that impossible for you to stop until you do get wrecked. This is why gambling industry is really that profitable because
people are really that emotional and really that impulsive when it comes to gambling. Once they do lost, they do get angry and when they do get angry then they would be spending more and the cycle
continues and this is something a very typical thing that do happen in gambling field.
The most important thing is that you shouldn't really be making yourself that get addicted because if you do then it would really be a sure thing that you would
be experiencing financial problems or hardship and this is something that we dont really like for it to happen into our situation. So better to have that
good control if you do like that everything would be smooth.
November 29, 2023, 04:54:56 PM
I have come to realize that gambling is remotely fun when you're not winning. You will have to get a lot of wins in order to get the thrill and the dopamine from it. That's why I think a lot of beginner gamblers win - it's for them to get lured and be caught off guard by the system to gamble more and win more. Once that's established, the gambler will then have the choice to decide if gambling is worth it or not. If they only play for entertainment, great. If not, then there will be a problem eventually, for sure.
November 29, 2023, 04:30:26 PM
Dopamine is the real addiction kicker,let me tell you a real life example from my personal experience,I asked once a person who played slots with the mechanics of Big Bass/Club Tropicana (you can google those but they give you increasing multiplier and 10 extra free spins if you get the special character 4 times in 10 spins) and he told me,you cannot tell people how you really feel when you are passing all those multipliers and going to the final one,your brain is in great comfort and feeling very good and this is very difficult to undo once you feel that at least once,this is what I mean by dopamine being the real addiction kicker,it does not start out of nowhere.
November 29, 2023, 04:23:01 PM
What that start gambling addiction is not about people that do not understand probability. When I was addicted, I understood everything and how I can lose, but I want to earn and make daily income from gambling. I thought I was better and looking for ways to earn money from it, but at the end, it was not a good story at all and I had to quit gambling for a year. This makes me think that others that are addicted is because they want to make money from gambling, looking for different strategies to increase the probability to earn than lose as I did when I was addicted but still nothing worked out as planned but losing money frequently.
I think its because of desperation right? We keep playing thinking that we’ll make up with the losses and we justify our losses just as what OP said, it is because we’re having fun. So, whether it's chasing losses or just enjoying the game, it's this mix of hope and fun that keeps us going, even when the odds might not be in our favor. Thats where addiction start.
November 29, 2023, 04:09:03 PM
Read this transcript of Andreas Analogy of how gambling addiction kicks off and tell me if you think he is right or not. Basically, your opinion.
Gambling is a tax for people who don't understand the mathematics of probability. If you understand how probability works, you can't ever rationally gamble. The only reason you would gamble is if you decided, "I am going to lose money; the fun I have while I am losing money is worth it." "I am paying a fee for temporary fun." But most people cannot do that. Once you become drawn into the game, the gambling process triggers these responses. You start getting confirmation bias, selection bias, and survivor bias. These are known cognitive biases. The person who wins thinks they were lucky, but they don't think about all the times they lost. As you are doing this, it is triggering your dopamine centers.
For those people who had been saying that gamble for fun or something like that but ended up on failing on doing such thing are to those people who are really that making those advises. Why?Gambling is a tax for people who don't understand the mathematics of probability. If you understand how probability works, you can't ever rationally gamble. The only reason you would gamble is if you decided, "I am going to lose money; the fun I have while I am losing money is worth it." "I am paying a fee for temporary fun." But most people cannot do that. Once you become drawn into the game, the gambling process triggers these responses. You start getting confirmation bias, selection bias, and survivor bias. These are known cognitive biases. The person who wins thinks they were lucky, but they don't think about all the times they lost. As you are doing this, it is triggering your dopamine centers.
Human beings are emotional beings on which on the time that we do speak about money then this is where things turns out to be different. Yes, you are playing for fun but we know that
losing money is never been fun and this is where it would really be triggering up those kind of hopes and desperation on which it would really be derailing you into your primary approach
towards gambling.
Addiction starts on the time that you would really be changing up your aims and goals specially if you are on verge on chasing up your losses or trying out to breakeven
then this is where issues would really be starting. Some could be able to control and some are not and this is something that must be avoided in the first place.
You should really be that sensible on whatever things that you are tending to get involved with.
November 29, 2023, 04:04:15 PM
Read this transcript of Andreas Analogy of how gambling addiction kicks off and tell me if you think he is right or not. Basically, your opinion.
Gambling is a tax for people who don't understand the mathematics of probability. If you understand how probability works, you can't ever rationally gamble. The only reason you would gamble is if you decided, "I am going to lose money; the fun I have while I am losing money is worth it." "I am paying a fee for temporary fun." But most people cannot do that. Once you become drawn into the game, the gambling process triggers these responses. You start getting confirmation bias, selection bias, and survivor bias. These are known cognitive biases. The person who wins thinks they were lucky, but they don't think about all the times they lost. As you are doing this, it is triggering your dopamine centers.
If you could gamble rationally, there wouldn't be big wins as if it's rational, you can master it, and if you can master it, everyone with a bot can master it. That would mean everyone would be winning which is statistically impossible as it's a zero sum game and money has to come somewhere.Gambling is a tax for people who don't understand the mathematics of probability. If you understand how probability works, you can't ever rationally gamble. The only reason you would gamble is if you decided, "I am going to lose money; the fun I have while I am losing money is worth it." "I am paying a fee for temporary fun." But most people cannot do that. Once you become drawn into the game, the gambling process triggers these responses. You start getting confirmation bias, selection bias, and survivor bias. These are known cognitive biases. The person who wins thinks they were lucky, but they don't think about all the times they lost. As you are doing this, it is triggering your dopamine centers.
And Andreas is spot on like always when we speak about probability. But this is an analogy for investing into scams, and addiction mechanics.
And when we look at gambling from investment point of view, it obviously wouldn't make sense. Gambling however isn't investing and we can't assume that all people are in it to invest. Some of us are in it for pure thrill. It doesn't need to make perfect sense in terms of rational investing, as it's just one way to have fun. Some people invest with same mentality and that's what andreas is talking about. Investing for thrills is similiar to gambling. That's why people used to treat leverage trading as gambling and okcoin exchange was jokingly known as okcasino.
November 29, 2023, 02:38:40 PM
Read this transcript of Andreas Analogy of how gambling addiction kicks off and tell me if you think he is right or not. Basically, your opinion.
Gambling is a tax for people who don't understand the mathematics of probability. If you understand how probability works, you can't ever rationally gamble. The only reason you would gamble is if you decided, "I am going to lose money; the fun I have while I am losing money is worth it." "I am paying a fee for temporary fun." But most people cannot do that. Once you become drawn into the game, the gambling process triggers these responses. You start getting confirmation bias, selection bias, and survivor bias. These are known cognitive biases. The person who wins thinks they were lucky, but they don't think about all the times they lost. As you are doing this, it is triggering your dopamine centers.
Gambling is a tax for people who don't understand the mathematics of probability. If you understand how probability works, you can't ever rationally gamble. The only reason you would gamble is if you decided, "I am going to lose money; the fun I have while I am losing money is worth it." "I am paying a fee for temporary fun." But most people cannot do that. Once you become drawn into the game, the gambling process triggers these responses. You start getting confirmation bias, selection bias, and survivor bias. These are known cognitive biases. The person who wins thinks they were lucky, but they don't think about all the times they lost. As you are doing this, it is triggering your dopamine centers.
Gambling is not a "tax" for anyone who does not understand the math behind probability.
And of course you can gamble rationally. Not wildly throwing money around and going into the casino with a exit-plan is an act which follows the very definition of rationality. First of all, gambling is supposed to be entertainment, not a way to earn an income or become financially independent. The people who do not understand this might more easily become addicted to gambling but whether they become addicted or not depends on their biology, their upbringing and their personal situation.
November 29, 2023, 02:26:52 PM
He's right. Ultimately it comes down to chemistry. When we gamble we feel fear, excitement, a loss is followed by depression, we feel tired, but the next day we often feel full of energy like we now have to work twice harder to make up for the loss. When we win it's euphoria, that feeling of accomplishment all gamblers look for.
Not many people know that we can get that in many other ways, for instance by doing work that is visible, helps you and/or others. When you decide to remodel the house and it looks great, you show it to your friends and they want the same thing done at their places. That's when you feel appreciated, accomplished. There's so many ways to release dopamine, and you can quit gambling by doing something else that makes your body react the same way, like climbing a mountain or jumping with a parachute.
Not many people know that we can get that in many other ways, for instance by doing work that is visible, helps you and/or others. When you decide to remodel the house and it looks great, you show it to your friends and they want the same thing done at their places. That's when you feel appreciated, accomplished. There's so many ways to release dopamine, and you can quit gambling by doing something else that makes your body react the same way, like climbing a mountain or jumping with a parachute.
November 29, 2023, 02:20:33 PM
Read this transcript of Andreas Analogy of how gambling addiction kicks off and tell me if you think he is right or not. Basically, your opinion.
Gambling is a tax for people who don't understand the mathematics of probability. If you understand how probability works, you can't ever rationally gamble. The only reason you would gamble is if you decided, "I am going to lose money; the fun I have while I am losing money is worth it." "I am paying a fee for temporary fun." But most people cannot do that. Once you become drawn into the game, the gambling process triggers these responses. You start getting confirmation bias, selection bias, and survivor bias. These are known cognitive biases. The person who wins thinks they were lucky, but they don't think about all the times they lost. As you are doing this, it is triggering your dopamine centers.
Gambling is a tax for people who don't understand the mathematics of probability. If you understand how probability works, you can't ever rationally gamble. The only reason you would gamble is if you decided, "I am going to lose money; the fun I have while I am losing money is worth it." "I am paying a fee for temporary fun." But most people cannot do that. Once you become drawn into the game, the gambling process triggers these responses. You start getting confirmation bias, selection bias, and survivor bias. These are known cognitive biases. The person who wins thinks they were lucky, but they don't think about all the times they lost. As you are doing this, it is triggering your dopamine centers.
Gambling is not a "tax" for anyone who does not understand the math behind probability.
And of course you can gamble rationally. Not wildly throwing money around and going into the casino with a exit-plan is an act which follows the very definition of rationality. First of all, gambling is supposed to be entertainment, not a way to earn an income or become financially independent. The people who do not understand this might more easily become addicted to gambling but whether they become addicted or not depends on their biology, their upbringing and their personal situation.
November 29, 2023, 02:04:36 PM
Read this transcript of Andreas Analogy
The person who wins thinks they were lucky, but they don't think about all the times they lost. As you are doing this, it is triggering your dopamine centers.
The person who wins thinks they were lucky, but they don't think about all the times they lost. As you are doing this, it is triggering your dopamine centers.
This is just how addiction starts, the hormone dopamine makes them become excited and motivated to gamble even when the game is becoming a problem to them. Most times, the victims do not even take note of all these signs of addiction, all they know is that they are happy playing and when they lose, it motivates them never to give up.
Addiction can also set in when a gambler has no other job aside gambling. No other hobby aside gambling. This can be disastrous as the gambler will channel all his time, attention and resources to gambling. With time, all he will think about will be gambling and there are every tendencies that he will become addicted to what he channels his mind to always. To avoid addiction, every gambler needs to have other hobbies and jobs where they can channel their attention to too.
November 29, 2023, 01:40:49 PM
Read this transcript of Andreas Analogy of how gambling addiction kicks off and tell me if you think he is right or not. Basically, your opinion.
Gambling is a tax for people who don't understand the mathematics of probability. If you understand how probability works, you can't ever rationally gamble. The only reason you would gamble is if you decided, "I am going to lose money; the fun I have while I am losing money is worth it." "I am paying a fee for temporary fun." But most people cannot do that. Once you become drawn into the game, the gambling process triggers these responses. You start getting confirmation bias, selection bias, and survivor bias. These are known cognitive biases. The person who wins thinks they were lucky, but they don't think about all the times they lost. As you are doing this, it is triggering your dopamine centers.
Gambling is a tax for people who don't understand the mathematics of probability. If you understand how probability works, you can't ever rationally gamble. The only reason you would gamble is if you decided, "I am going to lose money; the fun I have while I am losing money is worth it." "I am paying a fee for temporary fun." But most people cannot do that. Once you become drawn into the game, the gambling process triggers these responses. You start getting confirmation bias, selection bias, and survivor bias. These are known cognitive biases. The person who wins thinks they were lucky, but they don't think about all the times they lost. As you are doing this, it is triggering your dopamine centers.
Gambling is not a "tax" for anyone who does not understand the math behind probability.
And of course you can gamble rationally. Not wildly throwing money around and going into the casino with a exit-plan is an act which follows the very definition of rationality. First of all, gambling is supposed to be entertainment, not a way to earn an income or become financially independent. The people who do not understand this might more easily become addicted to gambling but whether they become addicted or not depends on their biology, their upbringing and their personal situation.
November 29, 2023, 01:28:16 PM
The link is actually talking about gambling regulation but I don't know if it is workable that casinos will refuse an addict to gamble in there platform or would have a limit to how much times to wager, lose or win because seriously they are out for business and would maximize their profit potential.
It is left for the individual to know how to control his emotions not to over wager his budget and to give up on a bad gambling day.
Well, some casinos have a feature in a place where the victim who is the addict can go and have himself excluded from the casino this way the account is locked and even though this may not be a 100% means of getting off gambling, it still remains very predictable to say that many of such gambling addicts still fall back to the addictions if they have not properly made up their mind to stay off addictions in the first place. It is left for the individual to know how to control his emotions not to over wager his budget and to give up on a bad gambling day.
So for sure many casinos may want to help the player to stay off addictions but then at some point, those addicts are the ones at the centre of everything since self-discipline is the sure root to stay above addictions of any form, we can't blame casino entirely because there are operated for profits making and nothing more.
Even at that, if there is a section in some casino where a gambler can lock himself up from continuous playing, we know it is not easy for an addict to willfully do that to exclude himself. He feels there is chances he would win if he continues to wager and he keeps getting more addicted. Well I think the best is for automatic control of such from the casino base on some criteria like how much lost etc but like I said earlier, I doubt that would have yet except the regulatory agencies enforce that on them.
November 29, 2023, 01:23:05 PM
Read this transcript of Andreas Analogy of how gambling addiction kicks off and tell me if you think he is right or not. Basically, your opinion.
Gambling is a tax for people who don't understand the mathematics of probability. If you understand how probability works, you can't ever rationally gamble. The only reason you would gamble is if you decided, "I am going to lose money; the fun I have while I am losing money is worth it." "I am paying a fee for temporary fun." But most people cannot do that. Once you become drawn into the game, the gambling process triggers these responses. You start getting confirmation bias, selection bias, and survivor bias. These are known cognitive biases. The person who wins thinks they were lucky, but they don't think about all the times they lost. As you are doing this, it is triggering your dopamine centers.
Gambling is a tax for people who don't understand the mathematics of probability. If you understand how probability works, you can't ever rationally gamble. The only reason you would gamble is if you decided, "I am going to lose money; the fun I have while I am losing money is worth it." "I am paying a fee for temporary fun." But most people cannot do that. Once you become drawn into the game, the gambling process triggers these responses. You start getting confirmation bias, selection bias, and survivor bias. These are known cognitive biases. The person who wins thinks they were lucky, but they don't think about all the times they lost. As you are doing this, it is triggering your dopamine centers.
It's supposed to be done for the adrenaline but I don't know how many of them are actually doing that, we are just humans and sometimes our emotions take control of our actions and it can end up badly but it won't become the end of your life unless you keep pushing your limits that is the difference between addicts and the gambler who spend their money.
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