Psychology of Gambling [Infographic]

Over the decades, many doctors have spent a lot of time and money trying to figure out why people like to gamble, whether it be on sports betting, casino games or lottery.

We here at Vegas Slots Online have compiled the following infographic to help explain the gambling industry as a whole, as well as why people gamble. Some of the interesting tidbits to be pulled out regarding gambling psychology are shown below and discussed further.

Access to gambling has never been as easy as it is in this current technological era with people playing casino games on their PCs, laptops, smartphones and tablets, both at home and while on the move. With this we feel it is important to take a step back and try understand more how it affects us.

Psychology of Gambling

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There are nearly eight times more land casinos in the United States than there are in France (the country with the second highest number of casinos in the world). This is due to the fact that gambling is a huge industry in the States, with casinos generating more than $37.83 billion in revenue during 2013.

More than half of the states in the country have commercial gaming businesses in operation, whether they are casinos, card rooms, or state sponsored lotteries. There are only two states in the union where gambling is completely outlawed: Utah and Hawaii.

The prevalence of gambling in the United States begs the question: “Why do we like it so much?” There are several answers to this, including the excitement that gambling presents, the high amount of optimism that Americans carry compared to most of the other countries in the world, the illusion of control, and the chance of winning (or reward).

Even though we like our gambling, there are some who have a hard time with the activity. Problem gambling is an issue that is prominent in all 50 states, but the issue is generally not well understood by the public. There are a series of myths attached to this disease, including what causes a problem gambler to play games of risk, how it affects their behavior, and that the disease isn’t even real at all. The attached infographic addresses these myths and explains the psychology behind problem gambling and how players can be helped.

The psychology of problem gambling is a very deep matter, which could be studied infinitely without completely understanding the whole issue. Still, we hope that the attached graphic helps to provide some insight as to some of the reasons why we gamble, and how it impacts a small portion of our society.