We at CryptoCasinoClub stand for responsible gambling. The purpose of our website is to give people extensive information about the products of the crypto gambling industry based on our research and personal experience. We never encourage someone to play casinos, and moreover, we do not recommend gambling at all since it can be addictive.
Therefore, this article is intended to warn anyone who gambles or just considering starting about the potential risks of playing at a casino, gambling addiction, and how to avoid it.
What is a gambling addiction
Gambling addiction, or problem gambling, can lead to damaging or destructive behavior that may affect both the gambler and their family or friends. Gambling addiction symptoms include:
- spending more money or time than you can afford
- being unable to stop gambling, despite wanting to or thinking you should
- neglecting responsibilities including family, work, or personal needs
- lying about your gambling activities, or hiding it from others
- gambling all of your money until you are in debt
- borrowing money or selling possession to try to gamble your way out of debt
- feeling depressed, anxious, irritable, or angry because of gambling
Why does gambling addiction occur
Psychologists have noted the phenomenon of the “near miss”, a gambling failure that is perceived as being very close to a big win. “Nearly winning”, such as getting two winning symbols out of three on a fruit machine, is enough to excite the brain into thinking you are almost there. This almost-success reinforces the belief that if you just keep trying, you will finally win. In reality, a near miss will most likely not be followed by a big win.
Many gamblers are aware that “the casino always wins”. This is because the odds are carefully organized in favor of the bookmaker, which is called “house edge”. Such advantage is very insignificant for players (usually from 0.5% to 1%), but in the long distance it is what makes a profit for the casino.
However, scientists have recognized that gamblers can overestimate their chance of winning, especially if they have an element of personal choice. Selecting your own numbers, picking a team, and throwing the ball yourself in roulette can create the belief that your own skill puts you in control of winning. This belief can lead to addiction, while the reality remains that wins are based on chance.
The psychological effect that gambling has on the brain is what makes it feel exhilarating, but it can also lead to addiction if a sensible approach is not followed.
How to avoid gambling addiction
Gambling dependence can have serious consequences. Fortunately, there are ways to avoid becoming addicted, as well as ways to take control of your gambling if it becomes more than an occasional hobby.
1. Set a budget
Before you begin, determine the exact value of your gambling budget. It is never too late to do this, even if you have been gambling for years. Look at your finances each time you gamble and set a limit to adhere to. This should help you not to gamble more than you can afford.
2. Adhere to a time limit
When you start gambling, set an alarm. Like all activities, it’s easy to lose track of time when you’re playing. However, the longer you play for, the more money you may spend (and potentially lose). When the alarm goes off, whether you’re winning or losing, be sure to walk away.
3. Take a break
If you plan a long session, enforcing regular breaks is important. It’s easy to lose perspective when you keep betting, so step away from your phone or computer, or go outside for some fresh air. Taking a break can help you think clearly about whether you can afford to continue, or if it’s time to stop.
If you experience a loss, you may impulsively want to place another bet. But depositing more money immediately is never wise. Instead, take a break and re-evaluate. You may feel differently after some careful consideration.
4. Request self-exclusion
Reliable online casinos, including crypto casinos, have a gambling self-exclusion feature for those who are experiencing addiction. You can ask a provider to prevent you from gambling with them in person for six to 12 months, or even up to five years if needed. This will also stop promotional gambling adverts from being sent to you by email. By requesting self-exclusion, you can take a break from gambling without being drawn back in.
It is wise to request a period of self-exclusion when you reach your gambling budget, as this will prevent you from spending more than you can afford.
5. Trust your instincts
If you feel yourself hesitate before gambling, this red flag signifies that the money you could lose is important to you. You should not make a deposit if you feel any doubt.
However, the urge to gamble may feel strong. To overcome it you could play a computer game that will evoke a similar thrill without the financial risk.
6. Avoid alcohol and drugs
Gambling under the influence of drugs or alcohol <strong>is always to be avoided</strong>. These substances can increase risk-taking behaviors and reduce your ability to make rational well-considered decisions. Only ever gamble with a clear head.
7. Monitor your emotions
If you are feeling upset, anxious, irritable, or depressed, do not gamble until you feel better. Gambling will be far more enjoyable, and less likely to cause harm, if you are well in yourself.
8. Be wary of big win stories
Stories of those who win the jackpot are hard to ignore. The temptation is to try to emulate another’s success by gambling until you achieve the same. However, for every one success story, there will be thousands of people who have made a loss. Those who lose are far less likely to talk about their financial loss, making winning seem even more likely.
Bear in mind that it is very rare to win big, and so you should never see gambling as a way to earn money.
9. Seek help
If you feel that gambling is having a negative effect on you or someone close to you, specialized resources are available to help with compulsive or addictive feelings. For further information, BeGambleAware and GamblingTherapy offer professional advice for those who need it.
So can gambling be safe?
When you crave a little excitement, gambling can be a great way to let off a little steam. Playing the lottery, placing some football bets, or joining an online casino can all offer a short buzz of exhilaration from time to time. Gambling with friends can also lead to a sense of belonging and camaraderie that comes with playing in a group.
While it is healthy to enjoy gambling on occasion, it should only ever be seen as a form of entertainment and not a way to earn money. Just like other hobbies, gambling often leads to financial expenses. This small loss may be seen negatively by those who are skeptical about gambling. However, it is important to remember that many other leisure activities, such as going to the theater, have some financial costs. As long as gambling occurs responsibly, it can be enjoyed just like any other form of paid entertainment.
Final thoughts
Those who gamble see it as a fun, relaxing, and entertaining way to spend their leisure time. When managed responsibly, gambling is a way to spend a little money, with the chance to occasionally make a small win. Very few people will experience a life-changing win, so it should not be the main aim when you’re playing in a crypto casino as in the vast majority of cases it may lead to disappointment.
Gambling addiction can lead to mental health disturbances, financial hardship, and strained relationships with family and friends. Following our tips for responsible gambling will help you to enjoy your hobby in a healthy, safe manner.