Gambling is basically the act of betting something of worth on an activity with the intention of winning some other thing of equivalent value with the same prospect of chance. Thus gambling needs three factors for it to occur: risk, consideration, and a prize or wager. These are then brought into play in a variety of ways, but ultimately, when all three conditions are met, the result will be gambling.
One such example is the state of Las Vegas, which features countless casinos, a wide assortment of entertainment venues, and millions of people flocking to Las Vegas each year. Because gambling is both an activity and a means of income, it has become a massive industry in Las Vegas. In addition to large sums of money at stake, one of the more common and unfortunate side effects of gambling addiction is compulsive over-spending or gambling money that is not actually “earned”. Compulsive gamblers can become credit card addicts, spending exorbitant amounts of money on credit cards that they don’t actually have. These people may then come under the influence to gamble on sites outside of the home or in locations that they normally wouldn’t consider, such as online.
The third factor that goes into a person becoming a compulsive gambler is that gambling is a form of activity which requires an investment, and oftentimes this investment is not tangible. Many people who begin to gamble are young and have very little money, so it becomes increasingly difficult for them to stop once they start losing large sums of money. Many gamblers are also addicted to the thrill of competition within the gambling world and the ‘desire’ to beat everyone else at the table. Online gambling sites are very popular because they do not require players to leave their homes to gamble. In fact, many online sites offer bonuses or other prizes which encourage people to keep gambling and to keep playing. All of these factors add up to someone becoming addicted to gambling, whether or not the addiction is based in fact or merely imagined.