Vulnerable Populations In Gambling, Who Is Most At Risk?

[Itz-prisigold]

People actually react to gambling differently, and something that will affect one person may not affect the other person. Some people can gamble, and when they lose, they will simply move on. And while some individuals are more vulnerable because of their financial situation, emotional state or even lack of understanding about how gambling system actually work.

Some of the most vulnerable groups are:

1. People dealing with financial stress. This group of people tend to be more vulnerable because when you're really stressed about money and you don't actually have another means of getting the money, gambling can start to look like a fast solution to you. I have actually seen cases where a person wins once and gets so excited, and then spend the rest of their time trying to just recreate that moment, and that is when you'll keep on playing over and over again even when you've lost a lot of money.

2. New or inexperienced gambler who don't truly understand probability: In crypto gambling, because everything is "probably fair," some people will start to assume they have a real chance of beating the house over time. But see the reality about being probably fair doesn't change the mathematical advantage the house maintains. So if you don't have any understanding about that, even when you lose small money it can trigger emotional decisions at the gambling table.

3. Escape from emotional pressure: Being lonely, when you're stressed, boredom or personal struggles. When gamble because you're trying to forget your life problems, you are no longer gambling for entertainment again. You're now gambling for emotional relief, and when you start to gamble with emotions it often leads to impulsive bets, and increasing your losses very fast.

Crypto gambling in particular adds two things that make vulnerability worse:

1. Anonymity: When you’re losing, people are not watching you and no one is there to judge you, so there’s no shame or pressure to make you stop

2. Instant deposits: Traditional gambling has a physical or time barrier but you see crypto gambling? There's no waiting, you don't even have time to think, just click and continue.

To me, the most vulnerable gambler are not necessarily the poor or the youngest. The real vulnerability mostly happens when you gamble without having any personal rules, you don't set limits, you don't give yourself break, no emotional awareness.

A simple way to reduce the risk is to set boundaries before playing:

. Only use the money that you are okay losing before you start.
. Set a loss limit and stick to it.
. Take breaks to avoid emotional betting.
. Make gambling an act for fun or entertainment not as a financial plan.

Gambling becomes very dangerous when the player doesn't have any framework. When gambling is approached with discipline, it remains as entertainment. Without structure, it can turn into a problem for anyone - no matter who you are.

[giammangiato]

These discussions have been talked about for a long time, the rules are repeated too often, but in any case people still fall into the trap.
What could be the smart way to "protect" vulnerable categories?
How would you plan to help a friend in financial difficulty, not due to gambling?
Often or I can always say if I talk about my experience, in the economic difficulties NOT due to gambling I found myself alone, facing unpleasant and truly serious situations, I succeeded with quite a few difficulties.
So if someone sees a friend in difficulty, does it really help them?

[Ruttoshi]

Nobody should see gambling as a means to double his money or as a comforter. When your have the wrong mindset of what gambling is for, you will definitely be vulnerable to gambling. Poverty is not an excuse because you can manage the little money that you have instead of gambling with it to worsen your situation.

Laziness and greed is the main reason why we have more vulnerable gamblers in the society. If you don't go near a trap, you won't be caught in its snare.

[Itz-prisigold]

These discussions have been talked about for a long time, the rules are repeated too often, but in any case people still fall into the trap.
What could be the smart way to "protect" vulnerable categories?
How would you plan to help a friend in financial difficulty, not due to gambling?
Often or I can always say if I talk about my experience, in the economic difficulties NOT due to gambling I found myself alone, facing unpleasant and truly serious situations, I succeeded with quite a few difficulties.
So if someone sees a friend in difficulty, does it really help them?

Yeah, you're right, people have actually seen or heard about all these warnings so many times and they will still fall into the same trap. And that is the reason why these conversations continue to matter. I feel the real problem here isn’t that people don’t have the information, for you to know about the rules of gambling is one thing, but for you to actually apply them when feelings are involved, it’s an entirely different ball game. When you're stressed or very desperate about something, Thinking clearly goes out the door.

See when you want to protect vulnerable people,don't just start lecturing them or trying to stop. Because that usually does not work on them, some might even get angry and will not want to listen. Just make yourself present for them, sometimes when you just have someone to talk to or someone that will help them set limits before they start can go a long way.

I completely get what you’re saying about financial difficulties. So many people like to face financial problems alone because even the friends they have don't really know how to help or most times the friends don't even want to be involved. Helping someone doesn’t always mean giving them cash; sometimes just don't let that person feel like they are going through the problem alone. When a person truly senses that support, It reduces the chances they’ll use gambling to cope.

[imthegreat]

Crypto gambling in particular adds two things that make vulnerability worse:

1. Anonymity: When you’re losing, people are not watching you and no one is there to judge you, so there’s no shame or pressure to make you stop

Anonymity is one of the greatest modern scourges, brought to us by the internet.
This scourge has many different forms, because if a streamer broadcasts their online casino gameplay, it doesn't mean they'll adhere to rules, norms, and morals. They're watched by people who will likely never see them, and so they'll behave irrationally. They're just an audience. With friends, they'd be much calmer and more reserved. And that's fraught with impulsive decisions.

[PrivacyG]

So to put it short.  The population most at risk is the population who is generally vulnerable.  It is all that is necessary to turn the Gambling fun in to a mess.  If your life is going well then you are probably not going to make a really bad decision.  But if you fight often with your partner, your kids do not talk with you any more, you lost your job et cetera, it becomes a risk.  In other words.  Do not replace your therapist with the slots if you are not ready to replace your home with the streets.

[rachael9385]

For someone dealing with financial stress you shouldn't even be gambling in the first place,  this is because of how emotionally unstable you might get when you start incurring losses. Those most at risk are the gambers that are incapable of controlling themselves, without discipline you'd make a lot of mistakes when it comes to gambling and this doesn't matter if you are financially stable or not.

[Natalim]

I think the number one group affected are those dealing with financial stress, they’re the ones who become desperate and start believing gambling could solve their problems. If you look at the sector with the highest rate of gambling addiction, it’s usually the poorer ones. That’s why they shouldn’t gamble at all as they’re too vulnerable. But if the government doesn’t step in to regulate or provide support, they’ll only sink deeper into the problem, and eventually, it becomes a bigger issue for society as a whole.

[Dr.Bitcoin_Strange]

Knowledge, discipline, accountability is what I think cam prevent someone from being at any form of risk that gambling with put them to. If someone has a good knowledge of what gambling is capable of, they will remain discipline irrespective of any casino they are using (be it crypto casino), and when someone also take their self accountable for any action or gambling decision that they take, it will create room for a rethink and change of bad gambling habit. Anyone can be at more risk if they lack knowledge and also choose not to be discipline.

[retreat]

1. People dealing with financial stress. This group of people tend to be more vulnerable because when you're really stressed about money and you don't actually have another means of getting the money, gambling can start to look like a fast solution to you.
-snip

People with financial problems often consider gambling as a solution for them to get out of the financial difficulties they are facing, even though in reality it often worsens their situation. Gambling only potentially drains their money and prevents them from improving their financial situation. It's not designed to be a solution - it's simply entertainment, not a financial solution.

[Oshosondy]

Crypto gambling in particular adds two things that make vulnerability worse:


2. Instant deposits: Traditional gambling has a physical or time barrier but you see crypto gambling? There's no waiting, you don't even have time to think, just click and continue.

There is instant deposit in fiat or traditional gambling sites. I will say it is even faster than crypto but the problem can be withdrawal because wire transfer can take days or weeks, unlike crypto which is very fast. Local traditional gambling sites has both instead deposit and withdrawal, but foreign traditional gambling sites can have delay withdrawal.

To me, the most vulnerable gambler are not necessarily the poor or the youngest. The real vulnerability mostly happens when you gamble without having any personal rules, you don't set limits, you don't give yourself break, no emotional awareness.

There are some people that will think if discipline but emotional take over them until they learn.

[Shinpako09]

The first one, you also feel emotionally stressed if you’re in that situation. You have nowhere to go, no one to ask for help, and even if there is, you don’t want to. So, they resort to gambling and see it as a lifesaver, their last card. But then reality hits them hard. Next, they’ll take out a loan, not to solve their problem, but to try their luck again, hoping to recover what they’ve lost and make a run. And again, reality hits them hard. Wherever you live, there are always people like this.

[danherbias07]

I think the bored ones are the vulnerable people to gamble more nowadays.

It is easy to access the gambling sites, and once you do, after signing up using your phone or social media, they will not stop texting you, emailing you, or even contacting you on social media just to remind you that they have promos waiting for you.
Even if a bored gambler stopped for a while, the urge to gamble again will come once they read those messages especially if the offer is sweet like deposit bonus for the day only or some free spins.

[DaNNy001]

All the points you mentioned are valid...people who try to use gambling as a way to escape how they feel emotionally..another category of gamblers that lose more are those that are inexperienced, this includes the underage and beginners. But I think vulnerability is also a choice, there are things you can easily walk away from if you can discipline yourself, so the main thing here is self discipline.

[Sammye3]

In the vulnerable category, the people who gamble because of financial stress would always end up in more financial crisis because their emotions would definitely be attached to their way of reasoning and affect their decision making.

It has being repeated continuously here, that gambling should be a fun exercise and not a way of financial liberation. It shouldn't be taken as a job but as a side hustle with discretionary funds that one could afford to lose.

Gambling could liberate you from financial lack or put in a worse position. It's more like a two edged sword that could cut you or save you at any given point but t's use should not be misused.

[Pandu Geddon]

Gambling becomes very dangerous when the player doesn't have any framework. When gambling is approached with discipline, it remains as entertainment. Without structure, it can turn into a problem for anyone - no matter who you are.

I actually think that because gambling is a form of entertainment, there is no need for any rules other than continuing to think realistically about the budget you have allocated. If you do not have a budget for gambling, it is better not to try to seek pleasure from it. Forcing deposits will only make gamblers more stressed.
Do not take gambling too seriously, but you also should not underestimate it. Gambling is a rather complex way of seeking enjoyment.

[julerz12]

1. Anonymity: When you’re losing, people are not watching you and no one is there to judge you, so there’s no shame or pressure to make you stop

Sounds like an excuse for someone with no self-control, an impulsive gambler. Wether you have privacy or anonymity when gambling, it falls in to your responsibility to set a specific time or win/loss when to stop. You have to be in control otherwise you'd easily fall of the track and end up chasing wins or losses. Gambling in crypto and being blessed with anonymity is by far the most luxurious feature a gambler could ask for, sitting at your own home, secure and far from pyring eyes that might do you harm when they see you winning.

[Rruchi man]

Crypto gambling in particular adds two things that make vulnerability worse:

Maybe you should add "ease" as one of the factors that can influence vulnerability, and this ease is not just from crypto gambling platforms but from the online gambling category in general.

The vulnerable do not need to go long distances to gamble; they can have access from the comfort of their space, make easy deposits as you have mentioned, and also gamble anonymously.

I feel for the underage who also fall under the list of vulnerables; one of the things stopping them from the ease that online casinos have provided is the KYC verification that they have to pass.

[YOSHIE]

Vulnerable Populations In Gambling, Who Is Most At Risk?

The point is, before you dive into the world of gambling, you need to think and understand what your main goal is for gambling. This is important so that you don't become a vulnerable or risky gambler and you also have to consider your finances that are used in gambling.

People win and lose in ordinary gambling, they still carry out their usual activities, all of which they understand from the main purpose of gambling and some people become depressed and emotional, it's all because they don't understand the main purpose of gambling.

The point is that what you say is appropriate, but sometimes many of us don't care about that, they come and bet, if the consequences and risks are not heeded, it will be a disaster for themselves.

[Odusko]

No reason what so ever that mandate gambler's to chase a particular direction,  i have not seen any of such rules before,  i wonder why gambler's becomes so pressured just to make sure that their win some money, some of them believe that gambling is a means to quickly double their money, such categories of gamblers become depressed along the line.