Many people mistakenly believe that gambling companies or casinos want you to win because they often show how easy it is to win in their commercials. Even individuals only promote their wins, not their losses, Because they want to be seen as winners, not losers. But is gambling really designed to make you lose more money than winning?
Yes, gambling is designed for you to lose more money than you win. It is intended to benefit the casinos or gambling companies. They are businesses, after all, aiming to make as much money as possible from you. The ads often present a glamorous side of gambling to lure you in, but once you start, you'll experience the harsh reality which can be devastating.
In the following lines, I will explain in more detail what type of harsh reality you can experience in gambling.
The Harsh Reality of Gambling
Gambling might advertise quick wins and excitement, but the reality is far less glamorous. A lot of people might ignore the devastating impact that gambling can have on someone's life just because they saw a commercial showing how easily someone won a life-changing amount of money. The percentage of that could happen to you is very low, and even if you win, you will more likely continue to gamble and might end up losing it all again. The more we gamble, the more we will come to realize that we are losing more money than winning, and this could lead us to start chasing those losses and be trapped in the gambling cycle. Gambling usually leads people to big financial crises, often resulting in overwhelming debt, bankruptcy, and the loss of personal assets, including homes and savings. In the emotional part, the stress and anxiety associated with constant financial instability can lead to mental health issues such as depression, anxiety, and even suicidal thoughts. Lastly, in the Social aspect, gambling often strains relationships with family and friends, causing isolation, broken trust, and domestic conflicts.
In case you want to see some real-life gambling consequences, I came across this video from The Ramsey Show Highlights called Overcame a Gambling Addiction and Paid Off $62,000 in 22 Months! The video is about a couple who overcome gambling addiction, and it shows how gambling impacted their financial situation.
Is it true that the more you gamble, the more you lose?
Absolutely yes, the more we gamble, the more we will lose. Gambling is designed to benefit the casino or gambling companies, as they want to make as much money from us. So we will lose more money than winning in the long run. Trying to chase those losses will result in more losses, and make things worse than it is already. So we will need to let go of our losses, quit gambling, and focus on rebuilding our financial situation.