Gambling
Why Do We Gamble?
Gambling, an activity where something of value is risked in hopes of gaining something of greater value, intrigues millions worldwide. What drives people to gamble? For many, it’s the excitement and unpredictability of the game. The possibility of winning big is enough to make the risk worthwhile. Gambling also offers a psychological thrill, with studies showing that the brain releases dopamine, the “feel-good” neurotransmitter, during gambling activities. The allure of potentially striking it rich keeps players coming back, but it’s essential to understand the psychology behind these behaviors to promote responsible gambling in everything we do whether it is gambling on our small business to grow, or gambling on our Retirement planning or gambling in the casino.
Our experts in this area of the site explore the risks and rewards of gambling. Humans are inherently risk-takers, a trait hardwired into our psyche. The act of gambling offers a unique mix of risk and potential reward that can be thrilling. This excitement is often amplified by the uncertainty and the possibility of a life-changing win. At the same time, the ethical concerns of gambling must be addressed knowing that gambling can lead to addiction, which is known as pathological gambling, which has severe mental health and Depression implications.
Understanding why people gamble is complex, involving an interplay of biological, psychological, social, and economic factors. Each gambler’s motivation can be deeply personal and influenced by a variety of external factors. We all need to recognize these influences and help our family, our friends and ourselves make more informed decisions about our gambling behaviors.
Podcasts About Gambling
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I’m not a financial advisor; Superpowers for Good should not be considered investment advice. Seek counsel before making investment decisions.When you purchase an item, launch a campaign or create an investment account after clicking a link here, we may earn a fee. Engage to support our work.Join …
I’m not a financial advisor; Superpowers for Good should not be considered investment advice. Seek counsel before making investment decisions.When you purchase an item, launch a campaign or create a…
I’m not a financial advisor; Superpowers for Good should not be considered investment advice. Seek counsel before making investment decisions.When you purchase an item, launch a campaign or create an investment account after clicking a link here, we may earn a fee. Engage to support our work.Join the SuperCrowd with Impact!Today, at the 1:00 Eastern SuperCrowdHour webinar, I’ll be answering the question, “Can I beat the stock market with impact crowdfunding investments?” This session will benefit anyone considering even one investment in regulated investment crowdfunding.You can watch …
Today's Mystery: A manager of a gambling den faces death if he doesn't recover $100,000 he embezzled to give to a conwoman.Original Radio Broadcast Date: May 27, 1951Originating from New YorkStarring: Les Damon as The Falcon; Maurice Tarplin; Bill ZuckertSupport the show monthly at patreon.greatdet…
Today's Mystery: A manager of a gambling den faces death if he doesn't recover $100,000 he embezzled to give to a conwoman.Original Radio Broadcast Date: May 27, 1951Originating from New YorkStarring:…
Today's Mystery: A manager of a gambling den faces death if he doesn't recover $100,000 he embezzled to give to a conwoman.Original Radio Broadcast Date: May 27, 1951Originating from New YorkStarring: Les Damon as The Falcon; Maurice Tarplin; Bill ZuckertSupport the show monthly at patreon.greatdetectives.netPatreon Supporter of the Day: Rae, Patreon Supporter since July 2020.Support the show on a one-time basis at http://support.greatdetectives.net.Mail a donation to: Adam Graham, PO Box 15913, Boise, Idaho 83715Take the listener survey at http://survey.greatdetectives.netGive us a call at 2…
Today's Mystery: A policeman disappears while trying to shake down a gambling joint owner.Original Radio Broadcast Date: May 20, 1951Originating from New YorkStarring: Les Damon as The Falcon; Ken Lynch as Sergeant Corbett; Mandel KramerSupport the show monthly at patreon.greatdetectives.netPatreon…
Today's Mystery: A policeman disappears while trying to shake down a gambling joint owner.Original Radio Broadcast Date: May 20, 1951Originating from New YorkStarring: Les Damon as The Falcon; Ken Lyn…
Today's Mystery: A policeman disappears while trying to shake down a gambling joint owner.Original Radio Broadcast Date: May 20, 1951Originating from New YorkStarring: Les Damon as The Falcon; Ken Lynch as Sergeant Corbett; Mandel KramerSupport the show monthly at patreon.greatdetectives.netPatreon Supporter of the Day: Mark, Patreon supporter since January 2016.Support the show on a one-time basis at http://support.greatdetectives.net.Mail a donation to: Adam Graham, PO Box 15913, Boise, Idaho 83715Take the listener survey at http://survey.greatdetectives.netGive us a call at 208-991-4783Fol…
Managing Addiction in Baby Boomers As the Baby Boomer generation ages, a growing concern is the increased rate of addiction among this demographic. This issue is often overlooked, but it's crucial to address it head-on. The Baby Boomer generation, was exposed to a cultural revolution of drug experi…
Managing Addiction in Baby Boomers As the Baby Boomer generation ages, a growing concern is the increased rate of addiction among this demographic. This issue is often overlooked, but it's crucial to…
Managing Addiction in Baby Boomers As the Baby Boomer generation ages, a growing concern is the increased rate of addiction among this demographic. This issue is often overlooked, but it's crucial to address it head-on. The Baby Boomer generation, was exposed to a cultural revolution of drug experimentation that's left many grappling with addiction issues in their later years. We must understand that the roots of addiction in Baby Boomers differ from those of younger generations. Many Baby Boomers battle with prescription drug addiction, often stemming from medications prescribed for chronic …
Why Do We Gamble? Gambling, an activity where something of value is risked in hopes of gaining something of greater value, intrigues millions worldwide. What drives people to gamble? For many, it’s the excitement and unpredictability of the game. The possibility of winning big is enough to make t…
Why Do We Gamble? Gambling, an activity where something of value is risked in hopes of gaining something of greater value, intrigues millions worldwide. What drives people to gamble? For many, it’s…
Why Do We Gamble? Gambling, an activity where something of value is risked in hopes of gaining something of greater value, intrigues millions worldwide. What drives people to gamble? For many, it’s the excitement and unpredictability of the game. The possibility of winning big is enough to make the risk worthwhile. Gambling also offers a psychological thrill, with studies showing that the brain releases dopamine, the “feel-good” neurotransmitter, during gambling activities. The allure of potentially striking it rich keeps players coming back, but it’s essential to understand the psych…
The Casino Experience for Baby Boomers Casinos and gambling have been part of human culture for centuries. From the ancient Chinese to the Romans, civilizations have always engaged in games of chance. Over time, these games became more organized, leading to the establishment of modern-day…
The Casino Experience for Baby Boomers Casinos and gambling have been part of human culture for centuries. From the ancient Chinese to the Romans, civilizations have always engaged in games…
The Casino Experience for Baby Boomers Casinos and gambling have been part of human culture for centuries. From the ancient Chinese to the Romans, civilizations have always engaged in games of chance. Over time, these games became more organized, leading to the establishment of modern-day casinos. In the 17th century, the first official casino, Casino di Venezia, opened its doors in Italy, setting a precedent for the casino industry. This historical context shows that gambling isn’t a new phenomenon but one deeply ingrained in cultural traditions. One of the most significant contr…
The bachelor party decided to go to the casino. I happily went along for the ride. The behavioral finance nerd in me was ready to witness fascinating behavior. Gambling can certainly be entertaining, but it’s not financially savvy. As long as you know that, you’ll be ok – albeit a little light…
The bachelor party decided to go to the casino. I happily went along for the ride. The behavioral finance nerd in me was ready to witness fascinating behavior. Gambling can certainly be entertaining, …
The bachelor party decided to go to the casino. I happily went along for the ride. The behavioral finance nerd in me was ready to witness fascinating behavior. Gambling can certainly be entertaining, but it’s not financially savvy. As long as you know that, you’ll be ok – albeit a little lighter in the wallet.This particular casino had an engaging “loss leader.”* They offered $15 in free casino credit to new gamblers. The scheme, of course, is cynical. They hope those free bets hook you, knowing that a regular gambler will surely lose back more than the free $15 over a long peri…
In this episode of the EZ Conversations podcast, James Smith narrates his compelling journey from a career in law to finding redemption after serving a five-year prison sentence for bank robbery linked to his gambling addiction. James explores his early life pressures, his rise as a successful lawye…
In this episode of the EZ Conversations podcast, James Smith narrates his compelling journey from a career in law to finding redemption after serving a five-year prison sentence for bank robbery linke…
In this episode of the EZ Conversations podcast, James Smith narrates his compelling journey from a career in law to finding redemption after serving a five-year prison sentence for bank robbery linked to his gambling addiction. James explores his early life pressures, his rise as a successful lawyer, and the moments of self-evaluation that led him to become a committed man of faith and a minister. Sharing insights from his time in prison and solitary reflection, he emphasizes the importance of overcoming adversity, embracing faith, and helping others. James, now an author and podcaster, also …
One of Charlie Munger’s famous speeches is “How to Live a Life of Misery.” Rather than tell graduates how to live happily, he delivered the opposite message. Because if you avoid life’s surefire miseries, what’s left but happiness? Right!?Munger was famous for quoting famous mathemati…
One of Charlie Munger’s famous speeches is “How to Live a Life of Misery.” Rather than tell graduates how to live happily, he delivered the opposite message. Because if you avoid life’s surefi…
One of Charlie Munger’s famous speeches is “How to Live a Life of Misery.” Rather than tell graduates how to live happily, he delivered the opposite message. Because if you avoid life’s surefire miseries, what’s left but happiness? Right!?Munger was famous for quoting famous mathematician Carl Gustav Jacobi (as in, “Jacobians” in vector calculus) who said,“Invert. Always invert.” JacobiSome math problems, quite simply, are easier to solve if you turn them inside-out.Today we’ll do the same, but for personal finance and investing. What follows are my be…
Are you looking for ways to save money without sacrificing your quality of life? You're in luck because we've gathered 10 frugal living tips from none other than Warren Buffet himself.Despite being one of the wealthiest people in the world, Buffet has always lived a frugal lifestyle, contributin…
Are you looking for ways to save money without sacrificing your quality of life? You're in luck because we've gathered 10 frugal living tips from none other than Warren Buffet himself.Despite bein…
Are you looking for ways to save money without sacrificing your quality of life? You're in luck because we've gathered 10 frugal living tips from none other than Warren Buffet himself.Despite being one of the wealthiest people in the world, Buffet has always lived a frugal lifestyle, contributing to his immense wealth.These tips are easy to implement and can help you save big in the long run. So, grab a pen and paper, and let's start learning how to live frugally like Warren Buffet.1. You Don't Need To Upgrade to a Bigger Housecredit: depositphotosYou may have heard the say…