Addiction

Double trouble: The risks of mixing alcohol and sports wagering

It turns out that money isn't the only thing sports gamblers are risking. According to a new study, bettors who wager on sporting events, esports, and daily fantasy sports are much more likely than other individuals to binge ...

Psychology & Psychiatry

When gambling becomes an addiction

Gambling can be a harmless hobby or a serious addiction. While gambling addicts are at risk of losing everything, the uncontrollable urge to continue keeps them going, often leading to compulsion. A Baylor College of Medicine ...

Neuroscience

How gamblers plan their actions to maximize rewards

In their pursuit of maximum reward, people suffering from gambling disorder rely less on exploring new but potentially better strategies, and more on proven courses of action that have already led to success in the past. ...

Addiction

Study examines how to help with problem gambling

With the lure of online gambling high during COVID-19 lockdowns—and SA gambling venues now reopening—partners and families of problem gamblers may be the first to see a problem emerging.

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Gambling

Gambling is the wagering of money or something of material value (referred to as "the stakes") on an event with an uncertain outcome with the primary intent of winning additional money and/or material goods. Typically, the outcome of the wager is evident within a short period.

The term gaming in this context typically refers to instances in which the activity has been specifically permitted by law. The two words are not mutually exclusive; i.e., a “gaming” company offers (legal) “gambling” activities to the public and may be regulated by one of many gaming control boards, for example, the Nevada Gaming Control Board. However, this distinction is not universally observed in the English-speaking world. For instance, in the UK, the regulator of gambling activities is called the Gambling Commission (not the Gaming Commission). Also, the word gaming is frequently used to describe activities that do not involve wagering, especially online.

Gambling is also a major international commercial activity, with the legal gambling market totaling an estimated $335 billion in 2009. In other forms, gambling can be conducted with materials which have a value, but aren't real money; for example, games like Pogs or Magic: The Gathering.

This text uses material from Wikipedia, licensed under CC BY-SA