The 10 criteria for diagnosing gambling addiction

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In our previous post, we highlighted some facts and statistics on gambling addiction. One of these facts was on the criteria for diagnosing gambling addiction. According to the Diagnostic and Statistical Manual of Mental Disorders IV, there are at least 10 indicators used in the criteria for diagnosing addicts in gambling. As a rule, when a patient presents at least five or more of these indicators then it’s a sign of gambling addiction.

Here is the full list of the 10 indicators.

1 A preoccupation with gambling

When a person frequently finds themselves preoccupied with gambling to a point that this preoccupation disrupts them from doing important things like school or work then there is a potential addiction that’s developing.

2 The inability to stop gambling

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When a person simply can’t stop gambling despite some of the best efforts, then there is a potential addiction that’s developing.

3 Irritability when trying to cut back on gambling

In a person’s efforts to cut down on gambling, when you realize that some form of irritability is forming as a direct result of a reduction in their gambling activities then it may be an indication that they are or have developed a gambling addiction.

4 The need to wager larger sums

When you notice that a person is beginning to raise the stakes more and more by increasing the amount of money they wager over time, then this may indicate the onset of a gambling addiction.

5 Engaging in gambling to relieve stress

As is with most addicts, their drug of choice is usually used as a means for an escape from the stressors of life. Therefore, when you notice a person using their gambling as an escape from their problems, then this may indicate that they have developed an addiction.

6 Gambling more in an attempt to recover losses

One of the major red lights to indicate a possible addiction is when a person keeps wagering more money in an attempt to recoup their losses. This often results in the falling deeper and deeper into debt but they still don’t admit to having a problem.

7 Lying to people close to you about the severity of your gambling problem

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An addict will seldom admit to having a problem therefore the moment a person opts to lie to those close to them about the severity of their problems be they financial or relationship as a direct result of their gambling, then they could be addicts.

8 Borrowing money to settle gambling debts

When you notice that a person has begun a habit of borrowing money frequently for the purpose of settling gambling debts, then it may be a tell-tale sign that you are dealing with an addict.

9 Putting your personal or professional relationships at risk for the sake of gambling

For an addict, getting the high takes precedence over everything else including their jobs or their family. This is the same for gambling addicts as they are always likely to put their relationships on the line just to get their gambling fix.

10 Committing crimes to enable gambling

As is the case with any other addiction, a gambling addict may resort to breaking the law for instance stealing money or any other valuables to get money to gamble with.

Checking 5 or more of these is a clear sign that you are dealing with a gambling addict.

Do share with us your experiences with regards to gambling addiction.

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5 Gambling Addiction Stats and Facts you Should Know

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When talking about gambling, you can’t fail to talk about gambling addiction otherwise referred to as compulsive gambling which is a global problem faced by many gamblers. This is basically an insatiable desire to keep gambling in spite of negative effects that may result from the person’s gambling habit. Psychologists list gambling as a chronic mental condition that is in the same line as alcoholism and drug addiction.

Here are 5 gambling addiction stats and facts you should know.

#1 The prevalence of gambling addiction

In the United States of America, it’s estimated that gambling addiction is experienced by about one per cent of the population. This is equal to about two million Americans. In addition to this, it’s estimated that two to three per cent of Americans which is equivalent to four to six million Americans are at risk of turning their gambling into an addiction as their gambling habits have already started affecting their day to day life.

#2 The gambling addiction time frame

In most cases, psychologists believe that male gambling addicts will begin presenting signs of their addiction early in their teen years, whereas women will begin presenting signs much later, mostly between ages 20 to 40 year. It’s however noteworthy that compulsive gambling may affect someone at any age.

#3 The criteria for diagnosing gambling addiction

According to the manual of mental disorders that is referred to by mental health experts, there are at least 10 indicators used in the diagnosing of addicts in gambling. As a rule, when a patient presents at least five of these indicators then it’s a sign of gambling addiction.

#4 The complications associated with gambling addiction

When a person is addicted to gambling, it’s common for them to experience mental disorders not limited to depression and anxiety. As a matter of facts, they may end up experiencing much sever problems such as alcohol, drug and other substance abuse and in extreme cases even attempt suicide. This is usually because they are unable to bear the financial stress on themselves and their families.

#5 The treatment for gambling addiction

Professionals in mental health disorders will affirm that it’s a known fact that gambling addicts tend to live in denial and will resist treatment. In most cases, it’s only pressure from their friends and family that will make them admit to having a problem and accept treatment. All in all, it’s possible to treat it as long as the affected person receives adequate support and is determined to go through the treatment program.

We trust that this is helpful information that will make your gambling experience much more knowledgeable. Feel free to share with us your thoughts.

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These are the 4 Benefits of Professional Gambling

v - These are the 4 Benefits of Professional Gambling

Gambling is a thrilling activity that many people do for fun. However, there is a small number of people who take it more seriously and do it as a profession. This is why they are known as professional gamblers.

Professional gamblers will either gamble with their own money and pocket the entire win or will gamble with someone else’s money and get a percentage of the win. It’s mostly down to their preference as well as reputation in the gambling circles. At the end of the day, to them it’s about making money therefore they go for the option that will get them the best returns.

Let’s take a look at the 4 benefits of professional gambling.

You get to make money and have fun at the same time

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There is no better combination like fun and money. Many people desire to have professions that enable them make money while at the same time having fun. This is what professional gamblers get while on the casino floor. They not only enjoy making money while playing their favorite games but also get invites to play at exclusive venues only frequented by high rollers. Many people would kill to have such access. However, the downside to this is that you spend many days away from your family and may get depressed when you have a couple of losses under your belt.

You’ll seldom gamble with your own money

Most good professional gamblers always gamble on behalf of other people who are mostly high rollers with lots of money but with little knowledge about gambling. They therefore get a professional to do it for them at a commission. This means that for many professionals, their actual money is never at risk as they are gambling with someone else’s money.

You get to learn to control the game

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The more frequently you gamble, the more your knowledge of the games increases and the more you learn how to control them. From experience, you will learn that gambling is not just about luck, the skill of the player also counts in most of the games. As a professional, once you learn to overcome the rush of playing, you will learn to approach the game with a more sober mind and good strategy which ultimately give you an element of control over the game. This is what separates a professional from an amateur.

You learn to tip the odds in your favor

Professional gamblers will tell you that they don’t always win but at least they can tip the odds in their favor by at least 50 per cent. This is significant because they end up having a one in two chance of winning in a number of games that they play which is a really good probability. In such instances, it’s your luck that will ultimately decide whether you win or lose and on a good day, lady luck will be on your side. On other days however, luck just never favors you.

We trust that this is some helpful information that will help enhance your gambling experience.  Feel free to share with us your thoughts.

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3 Important Gambling Rules You Should Never Forget

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There are many people who gamble for fun and a small number who do it as a profession. Statistics indicate that those who mostly win big are the latter. The reason professional gamblers register wins is because they approach the games from a point of knowledge and discipline. In fact, they sight discipline as the number one reason they win.

We therefore though it wise to share with our readers 3 important gambling rules straight from a professional on how they can improve their gambling experience as well as increase their odds of winning. Here we go!

DON’T stake money you can’t afford to lose

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Always keep in mind that gambling is never worth going into debt for. In fact, going into debt because of your gambling escapades removes the fun and thrill from your gambling experience. You will end up having to gamble out of desperation with the hope of making back your money and this will dig you deeper into debt and a life of depression. To avoid all this, only stake money that you’re sure you can afford to lose. You get to achieve this through only using a small portion of your disposable income to gamble. As a recommendation, you shouldn’t spend more than 15 per cent of your disposable income in gambling. In fact, if you want the best gambling experience, you can deliberately decide to save up for it, and make it an activity you only do a few times a year that’s if you’re not a professional gambler.

Learn to tell when you’re losing

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Generally, a good gambler can tell when he or she is losing if they understand the tale-tell signs. For instance, when you are in a table playing cards with five other players, regardless of the game or the rules, when one hour of play is gone or at least ten hands have been played, you should know that there can only be two winners and three losers. Therefore, if you are not aware who these winners are, then it’s obvious that you’re among the losers. This means it’s time for you to walk away. Don’t make any attempts to continue staying in the game as you are likely to lose more money. In some games, you will lose because the table has better players than you therefore you should learn to accept this.

Learn to quit while you’re ahead

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In the event you’re one of the winners, don’t get greedy, learn to quit while you are ahead. You’ll thank us later for this piece of advice. Many players get tempted to let it ride but unfortunately live to regret it because they never anticipate their luck changing in an instant and them losing all their gains. When you win, make it a habit to pocket your winnings and head straight home.

These are just the opinions of some professional gamblers and may be subject of debate depending on different schools of thought. We would therefore love to hear your thoughts on this subject.

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The 2 Main motivations Behind Gambling

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Gambling is a global phenomenon that has remained a puzzle in behavioral science. In as much as many gamblers know that the odds are never in their favor, it doesn’t stop people from showing up in a casino, staking their money, losing, yet still coming back the next day or weekend to try their luck once more. Puzzling! Isn’t it?

As we seek to look into the statistics in gambling, LISTCRUX has also delved a bit into the motivations behind gambling as this is part of what informs the statistics. Here are the 2 main motivations we found out.

People have a desire to make money using the least effort

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The number one reason a gambler goes to a casino is to make money. The fact that you can stake some money, play for a few hours and possibly double, triple or even quadruple your money sounds like a good proposition. In as much as it never plays out this way for most gamblers, the feeling that they will pull it off next time keeps them going back for more. It’s for this reason that casinos and other gambling establishments will run lots of ads dangling jackpot opportunities with the intention of roping in more players into their casinos.

The adrenaline rush gained from gambling

Gambling is often a high stakes game. The fact that a player is always a few moves away from potentially making money that will transform their lives results in an unexplained adrenaline rush that never goes away despite a player not achieving the big win they had anticipated. It’s the search for this rush that keeps players going back for more and even turning their gambling into an addiction.

Ultimately the fact that gamblers feel that ever player in the casino has an equal opportunity of winning makes it much more attractive. It brings about a level of uncertainty and unpredictability that makes gambling thrilling and very difficult to stop once you start.

Feel free to share with us your gambling experiences especially your motivations to gamble.

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Gambling – 3 Reasons Why You Rarely Win

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Every gambler wants to win. This is the bottom line when it comes to gambling. Whether you’re doing it online or at a brick and motor casino, your main motivation is to make money. However, many gamblers rarely win, this is the reason why there are many casinos still in business today.
As a gambler, before you learn how to win, you need to learn what affects your chances of winning. Here are the 3 main reasons why you rarely win.


The casino has to maintain its profit margin

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The gambling industry is big business world over. This industry is believed to rake in at least $100 billion annually. Keep in mind that these are only figures reported by registered casinos. What about the unreported revenue? All this money is made from what gamblers lose when they stake their money hoping to win big. The honest business truth is that if gamblers registered more wins, then casinos would run out of business. It’s this huge revenue potential with great profit margins that inspires investment in the industry.


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The odds never favor you the gambler

We all did math in school and we are familiar with the concept of probability. When in a casino, every game you play has odds that never favor the player. The probability of you winning is always very low and this is not a secret. In fact, this chase for the big win which is always out of reach is what draws gamblers into the casino with the hope that they will be the exception to the rule.


The house advantage

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This is related to odds. As a rule, the house will always have the advantage over the player in any gambling game. This means that you are more likely to lose your money in a casino than make it because casinos invest plenty of money in putting up measures to ensure they don’t lose and if they do, it’s an acceptable loss. This means that the number of people who actually win big, pale in comparison to those who lose.
Keep in mind that these factors don’t mean you can’t win, they just mean it’s much harder for you to win however with good practice and a good strategy, you can tip the scales in your favor.
Feel free to share with us your gambling experiences and how you have overcome the house advantage.

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