Within the United States, there is widespread gambling, with 86 percent of Americans participating at some point in their life and 52 percent reporting lottery gambling in the previous year. The global rate of gambling addiction ranges from 0.12 percent to 5.8 percent, with rates in North America ranging from 2 to 5%.
Most players seeking ways how to win at sports betting are more likely to become addicted to sports gambling.
Gambling addiction isn’t a result of chance; it’s the result of a psychological principle.
Signs of Gambling Addiction
There are warning indicators that someone may be suffering from a gambling addiction, which become visible in compulsive gamblers. Here are some red flags to keep an eye out for.
1-Starting to lie about the gambling habit
Lying to hide an addiction and related behavior is a common symptom of any type of addiction, and pathological gambling is no different. The need to gamble is so intense that the individual will go to any extent to place the next wager, which frequently involves lying about where they are, what they are doing, and where their money has gone.
2-Spending more money on gambling activities
The inability to manage or stop gambling activity is known as pathological gambling. The gambler continues to gamble even after losing a high amount of money than they can afford.
3-Borrowing money
One common source of financial distress for problem gamblers is borrowing money for paying gambling activities. They’ll exhaust traditional borrowing options like a credit link, a second mortgage, and a bank loan.