GAMBLING AMONG EXECUTIVES

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.

DEMERITS OF GAMBLING

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.