Addicts of gambling do not just suffer emotional and financial problems as a result of their addiction. Several other evils were also pioneered by it. What it does is create a false sense of security. In my view, it is the Gambler’s Fallacy. 

Several forms of gambler’s fallacy can occur, but the most common one believes that something is about to happen. So, for example, you believe them to be due during roulette if you haven’t seen red for 2 or 3 spins.

This is partially true, but the reality is that both red and black will appear in equal amounts in the long run. Over the long run, you will spin 100,000 or more times. The long-run is far greater than three, five, or ten rounds.

They end up losing a great deal of money on these things as they believe something is due to happen. Their problem is that they don’t understand how probability works.

Although they understand that something huge is supposed to happen, they don’t understand that they will have to test all possibilities to see it happen. 

Gambling games are often based on the gambler’s fallacy, and this is why casinos make so much money from these games. Fortunately, if you understand how large numbers and probability work, you can avoid that evil.

Many people do not realize this, so they stake ever greater amounts of money. Everyone must be made aware of the dangers of gambling to prevent this from happening in the future. We need to ask ourselves, through what medium does gambling promote its ills?

These mediums include: 

• social media
• The use of online advertising and promotions
• Websites and applications for gambling
• Public advertisements such as billboards
• sports-betting sponsorships on uniforms and sports grounds.

These methods will work as it has proved effective in instilling interests in the minds of people. 

You might believe that it’s too early for you to think about gambling and your child. Especially since the legal betting age for pokies, the TAB and casinos are 18 years of age.

But some children start to gamble at such a young age – as young as 10. Before they turn 15, most children have already gambled.

Most children and teenagers get their gambling fix through card games and lottery tickets. As children get older, they switch to more serious gambling activities, such as betting on sports and racing.

In addition, children may gamble without money using Facebook applications and smartphones. Many video games feature gambling themes. Young people can gamble anytime, day or night, thanks to these devices.

Countless children are exposed to gambling and gambling-like experiences throughout their lives, including while playing sports. Gambling advertisements convey that gambling is exciting, fun, and a simple way to make quick money.

This act may lead to massive loss of money for them and consequentially causing them to be knee-deep in debt. To correct this attitude, it must be prevented and corrected at a tender age.

To prevent gambling in teenagers and children, take these few steps:

• Give an overview of how gambling works

The children in the upper primary school years usually understand the low chances of winning long-term associated with gambling.

The gambling industry is designed so that it always makes more money than it pays out to gamblers. This is because businesses wouldn’t exist if they couldn’t make money.

• Watch out for warning signs of gambling.

For teenagers experiencing hardships at home or school, gambling can escape boredom or escape stress.

By being aware of their social, educational, and mental health problems, you can prevent gambling and other unhealthy activities.

• Consider the attitudes and activities of your family

Your family’s attitude toward gambling can influence your child. It is less likely that your child will develop problems if he isn’t exposed to too much.

If parents gamble regularly, children might see gambling as normal behavior and want to copy what they see their parents doing – playing poker machines, using scratchy cards, or betting on races and sport.

• Talk about screen use and online gambling.

The best way to help your child make good decisions about online gambling and gaming is by talking about quality media choices.

Executives, just like everyone else, can be affected by addiction. There are two categories of addiction: Behavioral and Substance addiction.

Gambling addiction falls under behavioral addiction and it refers to a compulsive and obsessive behavior to always gamble for money.

When someone starts to gamble, it is very difficult for them to stop. The reason is, they always want to win. Anytime they lose, they encourage themselves that they can win their money back. And if they win, there is this motivated desire to win more.

Gambling addiction can destroy an executive if care is not taken and this is why they need help. Typically, an executive would not walk up to a regular person to seek for their help.

There are several people who look up to an executive, and they would be disappointed to hear that their favorite individual is struggling with gambling addiction.

Some of them would be demotivated and they would be unable to distinguish the addictive habit of the executive from their wonderful personality.

For this reason, this is why luxury rehabs exists. Not everyone is entitled to attend a luxury rehab except if you are financially buoyant.

Luxury rehabs are for the crème de la crème of the society. At the luxury rehab, you will see top professionals, top executives, and even politicians there. Due to their influence in the society whatever goes on in the luxury rehab stays there.

At the luxury rehab, the counselor and the therapist helps the executive uncover the root cause of their gambling addiction problem.

Then, they will create an individualized schedule for the executive to receive the needed therapy that would help them conquer gambling addiction.

The beautiful part about luxury rehab is, it doesn’t affect the work schedule and the personal life of the executive. In addition, the services offered at the luxury rehab are top-notch and better than what goes on at the regular rehab.

Executives are assured of a clean bill of health after undergoing gambling addiction at a luxury rehab.  

Gambling is one of the oldest known activity and over the years it has evolved in diverse ways. Before, if you wanted to gamble, you need to meet up at a physical location. These days, you can gamble from the comfort of your mobile phone or personal computer.

The primary reason why people gamble is because they want more and they are not satisfied with what they have. And it is important to know that gambling is prominent even among executives whom several people look up to.

Below are some of the effects of gambling on executives

Reduced productivity

An executive might think that his gambling habit does not affect his productivity. However, he would realize in the long term that hours have been wasted trying to make a living off gambling.

The precious time needed to strategize on how to advance the organization would be spent gambling.

With time, the executive begins to shy away from the demands of work, leaving a huge chunk of work to unqualified individuals. If care is not taken, the company begins to collapse.

Influences other individuals

If the people around the executive are aware of his gambling habit, they might be motivated to follow suit. The executive has a status that enables him to influence those around. Hence, for both positive and negative things, he would most likely influence those around.

Health problems

Gambling affects the health of an executive. For instance, anytime he loses a bet or gamble, his mood is affected and he can sink into depression if care is not taken.

Also the executive experiences anxiety during gambling. In the long term, these experiences can cause permanent mental health problems.

Financial problems

In most cases, money is used to gamble. The executive feels he has the capacity and uses most of his money to gamble away. With time, the executive discovers that it is seriously affecting his finances. At this stage, it might be impossible to stop because it has eaten deep into them.

Gambling is the process of placing wagers on games, sports or any event, whose ending is uncertain, and has the intention of winning either money or other substances. Gambling is an activity which is carried out by people in all cadres of life.

From the person who finds it difficult to afford a three-square meal, to the wealthy man who has everything he needs at his disposal.

It would interest you to know that, gambling goes beyond what is done at the table. It could be done with assets, which might be either corporate or personal.

A good number of times, gambling could be done under the guise of work or business. People who are very powerful and wealthy gamble with their assets, not minding if the investments of other individuals are there.

It is difficult to identify executives who are addicted because, they do not do it in the open.

Executives are very busy people, and when they want to gamble, they could do it over the phone or perhaps, at any of their high-profile gatherings, where you would not find people having lower classes.

Looking at personal assets which people gamble with, they usually use things like boats, vehicles and a host of other investments.

They use these assets in several money making ventures, which involves house flipping, stock market betting and the likes. As far as someone wants to make a financial gain, there is always a risk involved.

There are some people who take gambling to another level entirely, and these set of people are the addicted ones.

They do not mind putting all their corporate assets at stake, simply because they want to win big. Only the wise executives gamble with calculated risks, and others are motivated by obsessive gambling proclivities.

If a gambler finds his way to the reins of power, it would be difficult for them to make sound financial decisions.

This happens because, they would put their desire for gambling over any important decision which should be made. Executives who gamble are advised to do so with caution, so that they do not go bankrupt.

Gambling can be defined as the act of wagering money on sports, games or any event which has an uncertain ending, with the intent of winning either material goods or money. There are three basic factors which are required in gambling, and they are: Chance, consideration and prize. There are two basic time-frames of gambling; it could be immediate and it could be in the long-term.

The points listed below, are negative effects of gambling:

• Addiction: Gambling addiction is undoubtedly top on the list. It is a well-known fact that men are prone to being more addicted than women, when it comes to gambling, and it is also known that the thirst for gambling is high among those who are low-income and average-income earners, than the high-class citizens.Gamblers find it hard to stop because, they believe they can win when they try the next time. In addition to this, the prize for a bet is usually high, hence, there is this desire to strive better next time.

With time, the gambler would realize that all his money has been wasted on gambling. However, there are times when gamblers rake in some money, the periods when they lose are often the most painful and disadvantageous.

• It affects the family: A gambler would barely have time to take care of his family. This is because, the money needed for their upkeep, would be invested in trying out different gambling opportunities. Hence, the family would be at the receiving end. It particularly affects children, because they are more likely to toe the path of a parent-gambler, as this is done in a bid to assist their parents in their own little way.

• Anxiety and depression: A good number of gamblers are usually victims of depression and anxiety, as it is very difficult for them to think and sleep. Moreso, solving problems becomes a herculean task for them. With time, it affects their mental health, and makes them very unstable.

• Risk of suicide: Gamblers are prone to commit suicide, this is usually after a huge sum has been lost, when they invested it in a bet. Also, those who are already down with depression and anxiety, are at a higher risk of committing suicide.