Online Gambling
for Escape, Excitement and Finances
by Mike
Harrison, Strategy and Games
Writer
In our last tip, we discussed some findings in the
eCOGRA
Global Online Gambler Report that suggest certain factors may lead to more or less
financial success in online casinos and internet poker rooms. Across the board,
one factor repeatedly showed up again and again in the gambling habits of
players who reported less financial success than others. Not surprisingly, the
practice we are referring to is known as "chasing after losses".
Even if you are
a newbie gambler you have probably heard this phrase used before. Any money
management strategy book or advice given from a professional casino gambler will
certainly warn against chasing after losses.
As the survey confirmed, for those
players who chased lost money in the online casino, the act of gambling itself was no longer fun.
Rather, betting became more erratic, and was motivated by an obsessive-like need
to fulfill unrealistic financial reparation. This ultimately led players to
place higher and more frequent stakes than what they were normally accustomed
to.
Another interesting correlation between gambling motivation and financial
success discussed in the report were the different repercussions resulting from
gambling for excitement and being motivated to gamble for financial reasons or
relaxation. The study included those who gambled for excitement and escape into
one group, while those who gambled for relaxation and financial reasons were put
into a separate group.
When all was said and done, researches stated that a
distinction should have been made between gambling for escape and gambling for
excitement. The reason being is that while most players who were motivated to
gamble in the online casino for either of these reasons saw less financial
success overall, it is still unknown whether one or the other contributes more
to this phenomenon.
Players who gamble for escape tend to zone out and "escape"
while placing their bets and so do not always make the best choices at games of
strategy, while those players who gambled for excitement would tend to become
more aroused and thus be at risk of making a rash decision, such as chasing
after losses.
The study also suggested more research needed to be done on the
effects of being motivated to gamble for financial reasons only. There is a
large school of thought that believes players should not gamble for financial
reasons because more is riding on the line and are more inclined to risk
everything. Perhaps another distinction should be made between players who
gamble for financial reasons (out of necessity) and those who gamble to win
money (not necessarily needing to win money at any cost).
As an online gambler yourself,
please take this information into consideration and try to determine your chief
motivations for gambling in the casinos, and how that knowledge can help explain
your conducive and not-so-conducive betting behaviors.
More eCOGRA Global Online
Gambler Survey Insight:
Back to Gambling Tips Index
Back to Online Casino Conditions' Betting News Index
|
