What You Should Watch Out For With Slot Machine Gambling

The 2005 Gambling Act brought all British slot machine gambling under the rules and regulations of the new Gambling Commission. This act allowed gaming companies to advertise on radio and TV, as well as the possibility of getting bigger payouts on slot machines.

However, those who oppose it felt that it would cause an increase in gambling addictions. The Sports minister countered that sentiment by stating the new laws would actually gives the casinos more control.

Is there cause for concern that more lenient laws regarding slot games could cause an increase in the number of betting addictions? The Norwegian government would probably say yes, as thousands of Norwegian’s have become addicted to playing the slot games; turning one of the most law-abiding countries into a country riddled with citizens who have gambling addictions. It is so bad that the government wants to cut the number of machines from the current 18,000 to just a few thousand, with restrictions on access.

At one time, the major addictions included alcohol, tobacco and drugs. Today, however, there is another addiction that is growing faster than ever in the United States and that is a gambling, including slot machine gambling. Experts say that while adult pathological gamblers are a big problem, it is the teenagers who are falling victim to the allure of winning big money.

If they have jobs, then they will spend every bit of cash they have on betting, then they will turn to begging for money from family. If that doesn’t work, then they will begin stealing whatever they can to feed their habit.

Studies show that on average, a gambler will lose all of their money and then will use credit to continue to play slot machines or other games. They will get over their heads in debt, anywhere from $40,000 to $90,000, before they will even think about getting any type of help for their addiction.

Many will use bankruptcy as a form of relief and many others who cannot find a solution will commit suicide. Legalized gambling is one of the fastest growing industries today, enabling the gaming industry to make a lot of money.

Many people believe that slot machine gambling, video poker machines, video slot machines, or any other type of betting will not cause addictions, yet they do. This type of addiction is considered compulsive gambling and also a mental disorder, known as impulse control. Experts believe this has become more of a problem because access to betting is much easier than it used to be, considering the increase of online games and with so many more legalized gambling establishments opening up.

Getting the Best Sports Gambling Tips

Sports gambling is a recreation enjoyed by a lot of people worldwide. People engage in this activity for different reasons: Some people do it just to show how much they support their respective teams, while other people do it to make a game more interesting.

People may not realize this, but your chance of winning in gambling isn’t just 50-50. Experienced sports gamblers know that there are some things you can do in order to increase your chance of winning, even nullify the possibility of losing altogether. With the right betting tips, you actually won’t be gambling, but harvesting money. Now that is a sports gambler’s dream come true.

Who gives out sports gambling tips? Some people might think that there’s no science behind gambling tips. In fact, a lot of people believe that gambling tips are a scam. This is far from true. Actually, experts use statistics and probability in order to determine the various possible outcomes of a game. This means mathematics and precise calculations are involved in determining the winning formula. It’s not hocus-pocus, people.

What’s more, betting tips often come directly form experienced sports gamblers who also use the tips in order to make money. You wouldn’t trust a so-called “expert” who doesn’t even actually bet, would you? Great and reliable tips should come to you from people who are actually willing to lay their money on the line. It shouldn’t be just you taking the risk.

There are, of course, tons of websites today offering different types of sports gambling tips. However, you should take note of the tips above in order to make sure that you’ll get the right sort of tips. Remember that gambling in itself is quite risky, so why should you take on additional risk by going to a fortune-teller? It’s better to try and improve your chances the sure way.

Sports Gambling Tips – Making Money From Betting

I am the Sports Editor for a sports news and gambling website. I have many years experience of gambling, sports journalism and study of mathematics. Am I a gambling expert? Well, I guess you could say that.

There are innumerable so-called gambling experts willing to dish out information of their systems to ‘beat the bookie’ or to make a second income from gambling, for a price of course. I won’t do that. I will simply give you information about bookmakers, odds and gambling for you to use (or forget) as you see fit.

The first thing to mention is that the vast majority of people who engage in gambling will be net losers over time. This is the very reason there are so many bookmakers making so much money throughout the world.

While bookmakers can sometimes take big hits, for instance if a favourite wins the Grand National, they spread their risk so widely and they set up markets that incorporate a margin, so they will always make a profit over the medium to long term, if not the short term. That is, as long as they got their sums right.

When setting their odds for a particular event, bookmakers must first assess the probability of that event occurring. To do this they us various statistical models based on data collated over years, sometime decades, about the sport and team/competitor in question. Of course, if sport was 100% predictable, it would soon lose its appeal, and while the bookies are often spot on with their assessments of the probability of an event, they are sometimes way off the mark, simply because a match or contest goes against conventional wisdom and statistical likelihood.

Just look at any sport and you will find an occasion when the underdog triumphs against all the odds, literally. Wimbledon beating the then mighty Liverpool in the FA Cup Final of 1988, for instance, or the USA beating the then mighty USSR at ice hockey in the 1980 Olympics are two examples of when you would have got handsome odds on the underdog. And could have won a decent wedge.

The big bookmakers spend a lot of time and money ensuring they have the right odds that ensure they take into account the perceived probability of the event, and then add that extra little bit that gives them the profit margin. So if an event has a probability of, say, 1/3, the odds that reflect that probability would be 2/1. That is, two to one against that event occurring.

However, a bookie who set these odds would, over time, break even (assuming their stats are correct). So instead they would set the odds at, say, 6/4. In this way they have built in the margin that ensures, over time, they will profit from people betting on this selection. It is the same concept as a casino roulette.

So how can you spot the occasions when bookmakers have got it wrong? Well, it’s easier said than done, but far from impossible.

One way is to get very good at mathematical modelling and set up a model that takes into account as many of the variables that affect the outcome of an event as possible. The problem with this tactic is that however complex the model, and however all-encompassing it seems, it can never account for the minutiae of variables relating to individual human states of mind. Whether a golfer manages to hole a major-winning five foot putt on the 18th at St Andrews it is as much down to their concentration as to the weather or day of the week. Also, the maths can start getting pretty darn complicated.

Alternatively you can find yourself a sporting niche. Bookmakers will concentrate their resources on the events that make them the most money, generally found to be football (soccer), American football and horse racing. So trying to beat the bookies while betting on a Manchester United v Chelsea match will be tough. Unless you work for one of the clubs, or are married to one of the players or managers, it is very likely the bookmaker setting the odds will have more information than you.

However, if you are betting on non-league football, or badminton, or crown green bowls, it is possible, through hard work reading lots of stats, and general information gathering, you can start to gain an edge over bookies (if they even set odds for such things, which many do).

And what do you do when you have an edge in information terms? You follow the value.

Value betting is where you back a selection at odds that are greater than the actual probability of an event occurring. So for instance, if you assess the probability of a particular non-league football team (Grimsby Town, say) winning their next football match as 1/3 or 33%, and you find a bookmaker who has set the odds of 3/1, you have a value bet on your hands. The reason being, odds of 3/1 (excluding the margin built in by the bookie) suggest a probability of 1/4 or 25%. The bookie, in your now learned opinion, has underrated Grimsby’s chances, so you have effectively built in an 8% margin for yourself.

Of course Grimsby (as is often the case) might fluff their lines and fail to win the match, and hence you could lose the bet. But if you continue to seek out and bet on value bets, over time you will make a profit. If you do not, over time, you will lose. Simple.

So the question is, do you have the time and inclination to spend hours finding and refining your sporting niches and/or seeking out the value bets? If the answer is yes, good on you, go for it. If the answer is no, do not fear. At http://www.freebetsfreetips.com/ we give regular free betting tips along with the best odds for various sporting events that will take the hassle out of making your sporting selections and bring you news, match previews and all the best free bet offers to help you get on the best value bets around.

Or, of course, you could marry a football player!

Discover The Science Behind The Addiction Of Gambling

At the initial level, gambling seems to be an exciting activity but later it turns fatal for many, who become addicted to gambling. In fact, a large part of the world population is affected by gambling addiction. In America, the gambling addiction is found more in Caucasian Americans. Around 2.5 million are reported to be suffering from compulsive gambling and 15 million are likely to become problem gamblers in the coming years.

What Happens in Gambling Addiction?

The addicted gambler experiences a number of psychological, physical, financial and social dilemmas. Problems of alcohol and drug abuse also become associated with majority of the gambling addicts. Other problems associated with gambling addiction are mood disorder, depression and anti-social personality disorder.

Gambling addiction is very closely associated with a specific medical condition termed as compulsive or pathological gambling. In compulsive gambling, an increase in the uncontrollable preoccupation of the addict takes place with gambling, despite of the negative effects involved. To continue with their addiction, they also resort to means like cheating, lying and even stealing.

Studies reveal that the failures of gamblers are often perceived by them as “near win.” This is caused due to an inflated and faulty activation in their cortices’ region of the brain, which often deals with handling rewards. The gamblers are unable to comprehend that the mistakes are the same and will result in loss.

According to Luke Clark, the study researcher and expert at University of Cambridge, the same system is targeted by gambling as that by drug addiction, which is the dopamine system in the brain. In gambling, the neurotransmitter dopamine gets released during the “near miss” instances.

Primary Causes of Gambling Addiction

In females, this addiction is developed as a consequence of wanting to escape from unhappy situations such as broken relationships or marriages and job frustration or poor mental health such as depression, loneliness, anxiety or hopelessness. It usually affects women aged around 45 years and they gamble at places where heavy skill or experience is not required like slot machines.

In males, this addiction is developed due to low self-esteem or insecurities. It usually affects men aged around 35 years and they opt for competitive table games. Instead of improving their feelings, it often leads them to debt problems, financial losses and broken relationships.

Treatment of Gambling Addiction

Similar to a drug rehabilitation center, professional help treatments are provided to the addicted gamblers in terms of psychotherapy and medications. In treating this addiction, medications like anti-depressants are generally used. In psychotherapy, a useful technique is used where the gambler is asked to interpret the “near misses” in an accurate manner. Considering factors such as the addict’s age, severity of the problem and more, treatments are provided to the gamblers such as group activities and support and therapies dealing with cognitive behavior.

Gambling addiction often intervenes in psychological, physical, social and vocational spheres of life. The addiction of gambling could be devastating for not only the addict but to his or her family also. The only manner by which the loved ones can be protected from this addiction is by making them aware of the facts regarding the addiction.

I Think I Have a Gambling Problem – What Should I Do?

Some people have quipped that the only problem gamblers have is losing. Would that it was that simple. Solving problem gambling involves a lot more than just finding a winning system or having a lucky streak, because a gambling problem is a deep seated situation that involves a lot more than just losing a game or money. Addictive gambling can rob you of everything you care about or hold dear and it isn’t about winning and losing, it is about gambling and action.

Like a lot of decisions in life, the decision to try to get help for problem gambling is often difficult to make because it is hard to see things clearly. You may wonder, “Do I really have a problem with gambling? Would everything really be okay if I could just start winning? Can I hit a lucky streak to pull myself out of this and then stop?”

Those are all questions that face many people who have started the long slide backwards into the terrible experience of compulsive gambling. Gamblers, like other addicts, are great at rationalizing and talking themselves into things, even though they know deep down inside, that those rationalizations are just lies. For instance, let’s compare the gambling problem to a drinking problem. A gambler may think, “If I could just hit a lucky streak and win more I’d quit gambling for good.” Then he or she goes out and gambles more, a lot more, after all, the lie that he or she will stop is allowing him or her to gamble with a clear conscience, for a while anyway.

Alcoholics often tell themselves a similar lie. “I’ll go out and have a good time and drink all I want and get it out of my system, then I’ll stop.” Then the drinker goes out and ties on a good one. But after the effects wear off, he or she is right back at it again. The same is true of the gambler who says he or she will stop after a big win or lucky streak. Even if he or she does manage to win, the gambling doesn’t stop, in fact, it usually gets worse. Obviously, the cure for a drinking problem isn’t more drinking and the cure for compulsive gambling isn’t more gambling.

Gambling causes other problems in the lives of addicted gamblers, such as relationship problems, money problems, career problems, and finally, health problems. In fact, as the disease progresses, it has an effect on every part of the gambler’s life. Are other parts of your life being affected by your gambling? That is usually the acid test to decide if it is time to act. If you are asking if you have a problem, then you almost certainly do.

So the next step is an easy one, believe it or not. All you have to do is to get information. You have learned about other things in life, now it is time to learn how to stop gambling and get your life back under control. Where do you get such information? From other gamblers, of course. What I recommend is that you call GA, Gamblers Anonymous, and briefly explain the situation. If you call and say, “I think I have a gambling problem,” they will help you. In fact, from that point forward, you will be getting help from experts and it is fee of charge. Just say those words then listen. That’s not so hard, is it?