Do you think that this is aperfect analogy of how gambling addiction starts?

[Davidvictorson]

Read this transcript of Andreas Analogy of how gambling addiction kicks off and tell me if you think he is right or not. Basically, your opinion.

Gambling is a tax for people who don't understand the mathematics of probability. If you understand how probability works,  you can't ever rationally gamble. The only reason you would gamble is if you decided, "I am going to lose money; the fun I have while I am losing money is worth it." "I am paying a fee for temporary fun." But most people cannot do that. Once you become drawn into the game, the gambling process triggers these responses. You start getting confirmation bias, selection bias, and survivor bias. These are known cognitive biases. The person who wins thinks they were lucky, but they don't think about all the times they lost. As you are doing this, it is triggering your dopamine centers.

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[Oshosondy]

What that start gambling addiction is not about people that do not understand probability. When I was addicted, I understood everything and how I can lose, but I want to earn and make daily income from gambling. I thought I was better and looking for ways to earn money from it, but at the end, it was not a good story at all and I had to quit gambling for a year. This makes me think that others that are addicted is because they want to make money from gambling, looking for different strategies to increase the probability to earn than lose as I did when I was addicted but still nothing worked out as planned but losing money frequently.

[Hispo]

Read this transcript of Andreas Analogy of how gambling addiction kicks off and tell me if you think he is right or not. Basically, your opinion.

Gambling is a tax for people who don't understand the mathematics of probability. If you understand how probability works,  you can't ever rationally gamble. The only reason you would gamble is if you decided, "I am going to lose money; the fun I have while I am losing money is worth it." "I am paying a fee for temporary fun." But most people cannot do that. Once you become drawn into the game, the gambling process triggers these responses. You start getting confirmation bias, selection bias, and survivor bias. These are known cognitive biases. The person who wins thinks they were lucky, but they don't think about all the times they lost. As you are doing this, it is triggering your dopamine centers.

When the biases kick in it is when all rational thought have been displaced in order to make room for unsupported beliefs. It is something we do not need to go far to see, really, those biases are everywhere: when people do not share their bets because of superstition, when people do not want to change their seed in probably fair games because more superstition, when they use their favorite or lucky numbers to play lottery.
I have even read threads here in the gambling section of people who still wonder whether these casinos casino games are really about chance/ luck or not.
The answer for anyone should be obvious, otherwise they should read more about how gambling works.

[Odohu]

Read this transcript of Andreas Analogy of how gambling addiction kicks off and tell me if you think he is right or not. Basically, your opinion.

Gambling is a tax for people who don't understand the mathematics of probability. If you understand how probability works,  you can't ever rationally gamble. The only reason you would gamble is if you decide, "I am going to lose money; the fun I have while I am losing money is worth it." "I am paying a fee for temporary fun." But most people cannot do that. Once you become drawn into the game, the gambling process triggers these responses. You start getting confirmation bias, selection bias, and survivor bias. These are known cognitive biases. The person who wins thinks they were lucky, but they don't think about all the times they lost. As you are doing this, it is triggering your dopamine centers.

By this submission, one can deduce that you are inferring that everyone who does not develop this mindset of fun is definitely a gambling addict. This is wrong if you ask me because I don't see consistency as addiction as addiction is easily misconstrued from negative perspective.

Gambling addiction is supposed to be a situation whereby one is unable to control how much he gamble with and when to stop gambling. Anyone who does not fall into this category is not supposed to be regarded as an addict. Just so we are clear, there are people making legitimate income from gambling, far more than what people make from conventional jobs.

[Gozie51]

The link is actually talking about gambling regulation but I don't know if it is workable that casinos will refuse an addict to gamble in there platform or would have a limit to how much times to wager, lose or win because seriously they are out for business and would maximize their potential for profit.

It is left for the individual to know how to control his emotions not to over wager his budget and to give up on a bad gambling day .

[MainIbem]

Gambling is a tax for people who don't understand the mathematics of probability.

They don't consider the risk factor its a number one thing people most put into consideration just as you said, the mathematics of probability isn't explore here or mostly used by gamblers the major thing is they are being driven with so much positivity in a way they don't care how much they waste in gambling or in regularly gambling.

The truth is always covered, gambling is above catching cruise and having fun although we can as well sees it as that but literarily people finds it as life game changer or life change where they continues to gamble and possibly hit a major target at this point they don't consider how much they lose but without knowing gradually they are sinking down into gambling addiction, whomever that can control greed can never develop a gambling addiction.

[Slow death]

I ask: why do many people become addicted to beer? let's imagine that a person is president of a country, he has a work schedule that doesn't allow him to spend hours in a bar drinking beer with friends, he has many people around him cheering him on even if he does something stupid, the people around him side of him continued to praise him because they believe that by doing so he can give them a good job in some big company or some good position in the government that is much better than the position he currently occupies in the government, so the chances of the president becoming addicted to beer are very small. Why doesn't a very rich person who plays with a lot of money at the casino become addicted to gambling to the point of becoming bankrupt?

In my opinion, the reason why very rich people who play with a lot of money in casinos don't go bankrupt and don't get addicted to gambling is due to the fact that they don't play for money, because they already earn a lot of money from the many businesses they do. they do, they have many other things to do in life every day, so that time when they are playing is one of the few times they find to play and even if they lose they know that they only have that time to play and they will not prolong it any longer. time for them to play because they need to do other things in life, like card, manage their business, work on a film or go have fun at a nightclub with women, so the chances of them becoming addicted are very small.

but when a person lives in an environment with financial problems, lives in an environment where they constantly suffer a lot of criticism from relatives, friends and work colleagues, then the tendency of these people will be to play to earn money or play to spend more time on the computer or telephone and thus forget about the society that constantly criticizes them, consequently these people become addicted, the frustration, the pain lead people to always look for some refuge such as alcohol, drugs, sex and games and unfortunately this leads them to addiction and destruction

[electronicash]

basically, it's still the dopamine that activates the addiction just as what he said about people checking the price of BTC and ETH the very time they wake up in the morning.  does Andreas also check the prices the first chance he gets when he wakes up?   looks like he really knows what catches the attention of his followers.

i don't look at it that way though when a person gambles for the first time, they also become happy especially when they win. but i don't see this person gonna be addicted unless he comes back over and over.

[Wiwo]

The link is actually talking about gambling regulation but I don't know if it is workable that casinos will refuse an addict to gamble in there platform or would have a limit to how much times to wager, lose or win because seriously they are out for business and would maximize their profit potential.

It is left for the individual to know how to control his emotions not to over wager his budget and to give up on a bad gambling day.

Well, some casinos have a feature in a place where the victim who is the addict can go and have himself excluded from the casino this way the account is locked and even though this may not be a 100% means of getting off gambling,  it still remains very predictable to say that many of such gambling addicts still fall back to the addictions if they have not properly made up their mind to stay off addictions in the first place.

So for sure many casinos may want to help the player to stay off addictions but then at some point, those addicts are the ones at the centre of everything since self-discipline is the sure root to stay above addictions of any form,  we can't blame casino entirely because there are operated for profits making and nothing more.

[Accardo]

Gambling addiction doesn't start completely that way or isn't dependent on such analogy alone. They're multiple reasons why people can get addicted to gambling. Which may include; anxiety, loss of money, mental disorder etc. Why the analogy looks great is that it only helps us become responsible gamblers and why it's tagged as the reason to gambling addiction if not obeyed, is that when a person isn't responsible they'll become irresponsible. Generally speaking, gamblers are expected to follow such instruction to enjoy the fun of gambling. Although the strategy isn't certain if we'll win or not, but when we do not think about gambling as a form of making profits, we'll tend to win more. As our minds won't be racing on which decision to follow. Once the mind is at rest, our predictions become better than when in a hurry. A player that doesn't follow such strategy, can still control his emotions not to become addicted. He'll only play to win and end up becoming sad when he doesn't. Somehow it's bad to be sad over losing in gambling, which can also have a bad repercussion on the mental health of the gambler. 

[Renampun]

Read this transcript of Andreas Analogy of how gambling addiction kicks off and tell me if you think he is right or not. Basically, your opinion.

Gambling is a tax for people who don't understand the mathematics of probability. If you understand how probability works,  you can't ever rationally gamble. The only reason you would gamble is if you decided, "I am going to lose money; the fun I have while I am losing money is worth it." "I am paying a fee for temporary fun." But most people cannot do that. Once you become drawn into the game, the gambling process triggers these responses. You start getting confirmation bias, selection bias, and survivor bias. These are known cognitive biases. The person who wins thinks they were lucky, but they don't think about all the times they lost. As you are doing this, it is triggering your dopamine centers.

I have also read several articles about the effects of dopamine, the dopamine effect is the effect produced by the happiness hormone, humans usually get dopamine when they climax during sex - using drugs - falling in love - winning gambling - getting big money. People who successfully manage their happiness hormones will usually be very successful, all because they have complete control over themselves and their thoughts. that is the reason why risk management in gambling is important, wise people will not be intimidated by winning, they will definitely be more afraid when they keep winning because they are sure that the time will come when they lose.

[jrrsparkles]

Read this transcript of Andreas Analogy of how gambling addiction kicks off and tell me if you think he is right or not. Basically, your opinion.

Gambling is a tax for people who don't understand the mathematics of probability. If you understand how probability works,  you can't ever rationally gamble. The only reason you would gamble is if you decided, "I am going to lose money; the fun I have while I am losing money is worth it." "I am paying a fee for temporary fun." But most people cannot do that. Once you become drawn into the game, the gambling process triggers these responses. You start getting confirmation bias, selection bias, and survivor bias. These are known cognitive biases. The person who wins thinks they were lucky, but they don't think about all the times they lost. As you are doing this, it is triggering your dopamine centers.

It's supposed to be done for the adrenaline but I don't know how many of them are actually doing that, we are just humans and sometimes our emotions take control of our actions and it can end up badly but it won't become the end of your life unless you keep pushing your limits that is the difference between addicts and the gambler who spend their money.

[Gozie51]

The link is actually talking about gambling regulation but I don't know if it is workable that casinos will refuse an addict to gamble in there platform or would have a limit to how much times to wager, lose or win because seriously they are out for business and would maximize their profit potential.

It is left for the individual to know how to control his emotions not to over wager his budget and to give up on a bad gambling day.

Well, some casinos have a feature in a place where the victim who is the addict can go and have himself excluded from the casino this way the account is locked and even though this may not be a 100% means of getting off gambling,  it still remains very predictable to say that many of such gambling addicts still fall back to the addictions if they have not properly made up their mind to stay off addictions in the first place.

So for sure many casinos may want to help the player to stay off addictions but then at some point, those addicts are the ones at the centre of everything since self-discipline is the sure root to stay above addictions of any form,  we can't blame casino entirely because there are operated for profits making and nothing more.

Even at that, if there is a section in some casino where a gambler can lock himself up from continuous playing, we know it is not easy for an addict to willfully do that to exclude himself. He feels there is chances he would win if he continues to wager and he keeps getting more addicted. Well I think the best is for automatic control of such from the casino base on some criteria like how much lost etc but like I said earlier, I doubt that would have yet except the regulatory agencies enforce that on them.

[goldkingcoiner]

Read this transcript of Andreas Analogy of how gambling addiction kicks off and tell me if you think he is right or not. Basically, your opinion.

Gambling is a tax for people who don't understand the mathematics of probability. If you understand how probability works,  you can't ever rationally gamble. The only reason you would gamble is if you decided, "I am going to lose money; the fun I have while I am losing money is worth it." "I am paying a fee for temporary fun." But most people cannot do that. Once you become drawn into the game, the gambling process triggers these responses. You start getting confirmation bias, selection bias, and survivor bias. These are known cognitive biases. The person who wins thinks they were lucky, but they don't think about all the times they lost. As you are doing this, it is triggering your dopamine centers.

Gambling is not a "tax" for anyone who does not understand the math behind probability.

And of course you can gamble rationally. Not wildly throwing money around and going into the casino with a exit-plan is an act which follows the very definition of rationality. First of all, gambling is supposed to be entertainment, not a way to earn an income or become financially independent. The people who do not understand this might more easily become addicted to gambling but whether they become addicted or not depends on their biology, their upbringing and their personal situation.

[uchegod-21]

Read this transcript of Andreas Analogy
The person who wins thinks they were lucky, but they don't think about all the times they lost. As you are doing this, it is triggering your dopamine centers.

This is just how addiction starts,  the hormone dopamine makes them become excited and motivated to gamble even when the game is becoming a problem to them. Most times, the victims do not even take note of all these signs of addiction,  all they know is that they are happy playing and when they lose, it motivates them never to give up.

Addiction can also set in when a gambler has no other job aside gambling.  No other hobby aside gambling. This can be disastrous as the gambler will channel all his time, attention and resources to gambling.  With time,  all he will think about will be gambling and there are every tendencies that he will become addicted to what he channels his mind to always. To avoid addiction,  every gambler needs to have other hobbies and jobs where they can channel their attention to too.

[Yatsan]

Read this transcript of Andreas Analogy of how gambling addiction kicks off and tell me if you think he is right or not. Basically, your opinion.

Gambling is a tax for people who don't understand the mathematics of probability. If you understand how probability works,  you can't ever rationally gamble. The only reason you would gamble is if you decided, "I am going to lose money; the fun I have while I am losing money is worth it." "I am paying a fee for temporary fun." But most people cannot do that. Once you become drawn into the game, the gambling process triggers these responses. You start getting confirmation bias, selection bias, and survivor bias. These are known cognitive biases. The person who wins thinks they were lucky, but they don't think about all the times they lost. As you are doing this, it is triggering your dopamine centers.

Gambling is not a "tax" for anyone who does not understand the math behind probability.

And of course you can gamble rationally. Not wildly throwing money around and going into the casino with a exit-plan is an act which follows the very definition of rationality. First of all, gambling is supposed to be entertainment, not a way to earn an income or become financially independent. The people who do not understand this might more easily become addicted to gambling but whether they become addicted or not depends on their biology, their upbringing and their personal situation.

Once you engage yourself in gambling and yet you're aware of the risk present, then you are already not being rational to your funds. Being rational means you are depending on your mind over your heart or emotion which is sometimes being disregarded in gambling. If you know to yourself that you have a tendency to lose, the that's emotion already; which pushed us towards this activity or industry in general.However, the tendency of getting addicted is dependent with the gambler, I agree. If you won't lose your sense of self control then you'd be fine crossing every bet.The simplest way to understand gambling addiction is knowing one's financial capacity and risk tolerance.

[coolcoinz]

He's right. Ultimately it comes down to chemistry. When we gamble we feel fear, excitement, a loss is followed by depression, we feel tired, but the next day we often feel full of energy like we now have to work twice harder to make up for the loss. When we win it's euphoria, that feeling of accomplishment all gamblers look for.

Not many people know that we can get that in many other ways, for instance by doing work that is visible, helps you and/or others. When you decide to remodel the house and it looks great, you show it to your friends and they want the same thing done at their places. That's when you feel appreciated, accomplished. There's so many ways to release dopamine, and you can quit gambling by doing something else that makes your body react the same way, like climbing a mountain or jumping with a parachute.

[South Park]

Read this transcript of Andreas Analogy of how gambling addiction kicks off and tell me if you think he is right or not. Basically, your opinion.

Gambling is a tax for people who don't understand the mathematics of probability. If you understand how probability works,  you can't ever rationally gamble. The only reason you would gamble is if you decided, "I am going to lose money; the fun I have while I am losing money is worth it." "I am paying a fee for temporary fun." But most people cannot do that. Once you become drawn into the game, the gambling process triggers these responses. You start getting confirmation bias, selection bias, and survivor bias. These are known cognitive biases. The person who wins thinks they were lucky, but they don't think about all the times they lost. As you are doing this, it is triggering your dopamine centers.

Gambling is not a "tax" for anyone who does not understand the math behind probability.

And of course you can gamble rationally. Not wildly throwing money around and going into the casino with a exit-plan is an act which follows the very definition of rationality. First of all, gambling is supposed to be entertainment, not a way to earn an income or become financially independent. The people who do not understand this might more easily become addicted to gambling but whether they become addicted or not depends on their biology, their upbringing and their personal situation.

I agree, that person is making the assumption that every single person is gambling to obtain profits and as such their behavior makes no sense if they are long term losers, and he may have a point when it comes to those people, but the majority of the gamblers just want to gamble to get some fun, and exchanging some money for a temporary personal satisfaction is something that all people do, so if that is somehow wrong then a great deal of our economy would be wrong as well, and satisfying a need or a want legally and obtaining a small profit over it cannot ever be wrong.

[o48o]

Read this transcript of Andreas Analogy of how gambling addiction kicks off and tell me if you think he is right or not. Basically, your opinion.

Gambling is a tax for people who don't understand the mathematics of probability. If you understand how probability works,  you can't ever rationally gamble. The only reason you would gamble is if you decided, "I am going to lose money; the fun I have while I am losing money is worth it." "I am paying a fee for temporary fun." But most people cannot do that. Once you become drawn into the game, the gambling process triggers these responses. You start getting confirmation bias, selection bias, and survivor bias. These are known cognitive biases. The person who wins thinks they were lucky, but they don't think about all the times they lost. As you are doing this, it is triggering your dopamine centers.

If you could gamble rationally, there wouldn't be big wins as if it's rational, you can master it, and if you can master it, everyone with a bot can master it. That would mean everyone would be winning which is statistically impossible as it's a zero sum game and money has to come somewhere.

And Andreas is spot on like always when we speak about probability. But this is an analogy for investing into scams, and addiction mechanics.
And when we look at gambling from investment point of view, it obviously wouldn't make sense. Gambling however isn't investing and we can't assume that all people are in it to invest. Some of us are in it for pure thrill. It doesn't need to make perfect sense in terms of rational investing, as it's just one way to have fun. Some people invest with same mentality and that's what andreas is talking about. Investing for thrills is similiar to gambling. That's why people used to treat leverage trading as gambling and okcoin exchange was jokingly known as okcasino.

[stomachgrowls]

Read this transcript of Andreas Analogy of how gambling addiction kicks off and tell me if you think he is right or not. Basically, your opinion.

Gambling is a tax for people who don't understand the mathematics of probability. If you understand how probability works,  you can't ever rationally gamble. The only reason you would gamble is if you decided, "I am going to lose money; the fun I have while I am losing money is worth it." "I am paying a fee for temporary fun." But most people cannot do that. Once you become drawn into the game, the gambling process triggers these responses. You start getting confirmation bias, selection bias, and survivor bias. These are known cognitive biases. The person who wins thinks they were lucky, but they don't think about all the times they lost. As you are doing this, it is triggering your dopamine centers.

For those people who had been saying that gamble for fun or something like that but ended up on failing on doing such thing are to those people who are really that making those advises. Why?
Human beings are emotional beings on which on the time that we do speak about money then this is where things turns out to be different. Yes, you are playing for fun but we know that
losing money is never been fun and this is where it would really be triggering up those kind of hopes and desperation on which it would really be derailing you into your primary approach
towards gambling.

Addiction starts on the time that you would really be changing up your aims and goals specially if you are on verge on chasing up your losses or trying out to breakeven
then this is where issues would really be starting. Some could be able to control and some are not and this is something that must be avoided in the first place.
You should really be that sensible on whatever things that you are tending to get involved with.