How Does Gambling Lead To Poverty

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For many people gambling is not a harmful activity, but for some it can be a serious problem. A recent Reed in Partnership report found that 10% of working adults have direct experience of the problems gambling can cause in the workplace and more than four in five British adults think that gambling and debt can be a distraction for people in work.

Gambling problems are incredibly complex, with motivations and triggers that vary for each individual, however concentration and behaviour at work has been found to be affected by gambling, leading to a loss of productivity.

Common impacts of problem gambling

2008 poverty rate of 13.3 percent, just over the national average, the city of Buffalo hit a historic high of 30.3 percent. The Buffalo Creek Casino The metro area is highly segregated, and the poverty is highly racialized. While only 10.7 percent of whites in the metro area live of African-Americans live in high poverty neighborhoods (Harvard). Various studies have taken place within the United States, the United Kingdom and Canada, which report a relationship between both problem gambling and poverty. Obviously, the former can lead to the latter in several instances. However, why does it seem that more deprived people and communities participate in gambling to a greater degree than.

• Financial difficulty, debt and bankruptcy
• Relationship breakdown (including divorce)
• Lost productivity
• Crime (e.g. theft and fraud)
• Low self-esteem
• Depression, stress and anxiety
• Substance misuse
• Isolation and loneliness
• Suicide

What does it cost your business?

• 5% of fraud now related to problem gambling (up to £225 million each year)¹
• Employee sickness and other absence
• Impacts on employee mental health
• Reduced productivity
• Damage to your reputation

Protecting your business and supporting your employees

The National Gambling HelpLine and GamCare counselling services can support your current Employee Assistance Programme and provide additional safeguarding – our free advice and support is available nationwide to aid employee welfare.

GamCare can also assist your business in developing robust workplace gambling policies, and in providing training for HR and managers to identify potential problem gambling behaviour and provide appropriate support and signposting.

About GamCare:

• Leading national provider of information, advice and support for anyone affected by problem gambling
• Operates the National Gambling HelpLine (Freephone 0808 8020 133 or via web chat at gamcare.org.uk, 8am – Midnight, seven days a week)
• Free online and face-to-face counselling provided throughout England, Scotland and Wales
• For information on bespoke training and consultancy, contact info@gamcare.org.uk

External links:

1. BDO Fraudtrack Report, February 2016: http://www.bdo.co.uk/news/bdo-fraudtrack-report

Most gamblers lose. So why do people bet their hard-earned money? Find out a bit about the psychology of gambling, why people bet money and the reasons for gambling.

Psychology of Gambling: Reasons for Gambling

Ok, so we all understand that gambling offers you the chance of winning money or prizes, but have you considered some of the other reasons for gambling? A look into the psychology of gambling 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 adrenalin 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 with their parents at home, maybe we go the bingo with friends on a Friday night or 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.

Learn more about Types of Gamblers and Signs of Gambling Addiction.

Sources:

• Illinois Institute for Addiction Recovery

next: What Type of Gambling is the Most Addictive and Why?
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How Does Gambling Lead To Poverty Affects

APA Reference
Gluck, S. (2008, December 29). Psychology of Gambling: Why Do People Gamble?, HealthyPlace. Retrieved on 2020, December 14 from https://www.healthyplace.com/addictions/gambling-addiction/psychology-of-gambling-reasons-for-gambling