Problem Gambling Sports Betting

These days, the world of sports gambling, which is growing quickly, is having the time of its life. So a distaste for betting is like being on the outside looking in at a particularly boisterous. The National Council on Problem Gambling (NCPG) and its state partners are pushing for consumer protections to be included in new sports betting laws and regulations, but they're having only mixed. There are many sports betting websites that make you want to get into betting after learning how easy it is to bet. If the three signs of a gambling addiction sound like you, talk to your doctor as soon as possible. The bad news is that gambling disorder is a serious mental illness that could take control of your life. The Problem with Sports Betting Against the odds, Andrew Leci makes a brief foray into the exploitative world of sports gambling, and punts it into touch. It’s difficult to even find a football-related website that doesn’t have links to online sports betting. So, here are some symptoms that signal that you or someone you know may have a gambling problem: Unable to stop gambling. People who gamble for fun have time or budget constraints they stick to. Problem gamblers don’t (or struggle to stick to them).

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  • Hi all my name is josh and I am am addicted sports bettor and need some help. I have lost hundreds of thousands of hard earned money from my career as a commodities trader and sports betting has consumed my life. It all started in 2012 when I got my first large bonus and sent to Vegas. I unfortunately won money to start and since then it has been a tailspin. I have taken out loans, took an equity line on my house and really put myself in a hole. I have a supportive wife and a son on the way and I just need to quit but feel powerless. I didn’t want to make this story too long so that people could read and reply but if anyone has been involved in online sports betting or bookie sports betting, to the point where you can’t watch sports without having money on games please send some tips advice or help. I am desperate and in need of someone who has gone through what I’m going through. Gambling is basically the only thing that makes me happy and I have no idea how to change that and I am scared. Thanks to anyone who responds!!!

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    Hello and thanks for starting a thread in the Gambling Therapy forums

    Here at Gambling Therapy we pride ourselves on being a caring and diverse online community who can help and support you with the difficulties you’re currently facing. We understand that this might be a tough time for you, particularly if you’re new to recovery, so come here as often as you need to and participate in the forums, access online groups and connect to the live advice helpline if you need one to one support. We’re in this together!

    Here on the forum you can share your experiences in a safe, supportive and accepting environment. The beauty of writing it all down is that you can take your time and you will be creating a record of your progress that you can look back on if it ever feels like you’re not moving forward. So, share as much or as little as you like but do try to stick to keeping just one thread in this forum so people know where to find you if they want to be updated on your progress or share something with you.

    And on that note….

    I’m going to hand you over to our community because I’m sure they will have some words of wisdom for you 🙂

    Take care

    The Gambling Therapy Team


    PS: Let me just remind you to take a look at our
    privacy policy and terms and conditions so you know how it all works!

    Its going to be difficult for you being a broker
    you need to distance your self from gambling
    There are practical steps like closing and excluding your
    Self turn over finances to your wife or a trusted friend
    No an easy thing to do but IMO. A vital part of your recovery Money is poison to a CG only carry what you need for your day to day living expenses. and never carry a credit card
    good luck with your recovery you have a lot to live for
    A family a good job home etc. it really isn’t worth losing every thing for I should know I have lost everything
    You would be amazed at how quickly you can recover
    From this evil illness but don’t leave it to late as I did.

    One last peace of advice.
    Never take your eye of the ball
    This happens to most of us CG’sin recovery we think because we haven’t gambled for a while we could place a small bet wager no harm. WRONG I stopped for over twenty years
    A few small bets and with in two years the disease. destroyed me

    Welcome again, Josh.
    You have had some good ideas in the post before from Marko. You also mention that you have a supportive wife. I wonder what she knows and understands about your gambling? It could be that she would benefit from support and information, too, as a family member – as you can see at the top of the page, there is also a Forum for F&F (Friends and Family of compulsive gamblers) and Support Groups for them. Gambling can be very destructive for the family as well as the individual; partners can be overwhelmed at times, but they can also be very helpful in the recovery of the cg, with the right information and support.
    You say that gambling is the only thing that makes you happy – I would like you to think about that statement. Is it still true? Or did you get a buzz from gambling at one time, but now it seems to be ‘controlling’ you? And maybe you long for it, but also hate it? What made you happy before gambling came into your life? Are there good things you can try to get back to, as you aim to move away from gambling? What would you like your life to be like as you move into the next few months, years? – your own life and your family life?
    A lot of questions, I know, but they come to mind, as I read your post and maybe they can help focus your thinking a little.
    I wonder if you have spoken to anyone on the Live Advice Line here? Or got to any of the groups? (see above under Support Groups for the times.) Also, do share more on this forum and read the experiences of others. If you truly wish to get free, you will find that it helps if others know more about your experiences, so comments can be more focussed; and the stories of others will inform and guide you, too.
    Best wishes,
    Monique

    I’ve been where you are at the highest levels of gambling. I lost during my gambling addiction probably well over $1 million dollars (basically whatever I earned during my @ 30 year addiction). I’ll point out what I have learned while going to intense gambling therapy for 2 years and staying clean. First off, if you genuinely don’t want to gamble anymore, you will need to be able to find another career like I had to. Commodities trading is a form of gambling in itself, and you were quite successful at it. I was a professional poker player, and very successful at it as well. There the problem we both have lies, since like myself, you are now wired in your brain to need this “rush” of dopamine to feel satisfied/content in life. You got it while trading commodities, I got it winning almost $1 million playing poker. The problem lies in your case that you found an alternative that gives you even a bigger rush in betting sports, and I found mine betting on sports/horses you name it. Basically what happened to me is I was a problem gambler since I was 16 years old, and get real heavy into betting on sports thru illegal bookies at a young ageof @ 21 (was betting $2000 per game which was the max action he would take, and lost $16,000 one week and couldnt pay). Then in 2004 I discovered online poker, won a seat to the world series of poker and won $175,000. Thus started my “career” in poker. Now, I did make great money at it. But it was also pointless, since all it did was give me the ability to place much larger bets on sports and horses and simply lose everything I made playing poker. So, the real major struggle for me was acknowledging/accepting that I would have to give up poker if I was ever going to recover from my gambling addiction. It was very difficult I’m not going to lie, but when I got to the point of losing everything I had made and having to come clean with my wife with 2 babies to provide for at the time, I just didnt want that feeling of despair/worthlessness/shame and being out of control with this disease anymore. So I made the decision myself and went straight into counseling and received treatment from an excellent gambling counselor and learned alot about myself. See, I always thought is was about the money. But in reality, it was all about the escapement from my trauma as a child inflicted on my my my mother as well as other painful memories. Once I worked thru that which took many sessions to finally see clearly and say out loud that I genuinely forgive you mom for what you did to me as a kid, a huge weight was lifted. Now, I obviously dont know your story, but I will say with confidence that the main reason you got into commodity trading/sports betting is due to a form of escapement from something that pains you from your past. I didnt see it myself when I was in my addiction, but if you do seek counseling and allow yourself to dive deep into your past and allow yourself to finally be honest with yourself (a huge step which takes time), you may be surprised at what you find is fueling this behavior/addiction. One last note, if you truly want to find recovery, be prepared to make a complete lifestyle change including type of work/friendships you are involved in. Unfortunately, there will always be that part of your brain that craves the rush that we have both experienced for the rest of our lives, but learning to recognize these as urges and finding healthy alternatives to replace them will allow you the peace you are seeking. Hope this helps, and dont feel alone as others like myself have felt the pain you are feeling today. There is a way to relieve yourself from it if you are genuinely ready to accept it, and do what it takes to achieve it.

    Well done on coming for help.. its the first step. It shows you want to improve your life. Distancing yourself from gambling can be difficult but not impossible. Change of career would be the wise choice, being constantly around gambling will be detrimental to you in the long run. Daily temptation that if yo uwant to stop you really dont need. It might sound crazy, change career, but really this addiction is serious. Its worth getting out now.
    Have you thought of going to gamblers anonymous. These groups are all people with a gambling problem so everyone understands and can be great support.
    Keep posting here, there is also counselling, groups here to join in chat, one on one line.
    If you are serious about stopping, recovery has to kind of become the priority. Whatever you put above recovery is up to be lost. The disease of compulsive gambling is progressive, so where you are at now, if you continue, it gets worse… it doesnt matter if there is time gamble free, when you return to it you are just as entrenched in it then a little bit more..
    Good on you for coming for help.. throw everything you can at this addiction, its a very sneaky thing. Keep posting, keep reading, reach out for all the help you can while you are wanting recovery.

    P

An Analysis of the 800GAMBLER Helpline

By

Neva Pryor, MS and Dan Trolaro, MS

A large crowd gathered at the betting window in Monmouth Park, waiting for Governor Murphy to place the first legal sports bet in New Jersey. With the stroke of a pen and the placing of the first bet, sports betting became legal in New Jersey on June 11, 2018. Murphy’s bet was that Germany would win the World Cup, and the New Jersey Devils would take home hockey’s Stanley Cup. By the end of the month, New Jersey would rake in 16.4 million dollars in sports wagers.

According to legalsportsreport.com, in October of 2019, the handle (the amount of money in wagers accepted), was 487.9 million, up 9.5% from September. Approximately $4.7 Billion has been wagered since that historic day according to www.playnj.com/sports-betting/revenue. Over 84% of all wagers in NJ are placed online via mobile device, tablet, or computer via sports betting apps.

Problem Gambling Sports Betting

Over a year later, callers like Bob, a father from North Jersey with twins, are calling for help because they just cannot stop internet sports betting. There are so many options to choose from coupled with the ease of access, creating a virtual sports book in the gamblers’ pocket 24 hours a day. For some, this can lead to time away from family, financial devastation of and even suicide.

Sites

Problem Gambling Sports Betting Sites

Problem gambling sports betting against

The Council on Compulsive Gambling of New Jersey, Inc. is a private non-profit organization that provides information, education, and referral services for people affected by a gambling problem. The Council’s mission is to educate the public to the fact that gambling is a treatable illness. The Council’s 800-GAMBLER® Helpline and website, www.800gambler.org, have been resources for thousands of people who are gamblers and recovering from gambling, as well as their friends and family members. The 800-GAMBLER® helpline is free, confidential, and is available 24 hours a day throughout much of the U.S.

The Council neither opposes nor endorses legalized gambling. However, the Council may take positions on various issues surrounding legalized gambling when the members believe that taking a stand is in the best interest of problem and disordered gamblers and their families. The Council is also concerned over the Public Health problem that is caused by any addiction.

Problem Gambling Sports Betting Against

Problem gambling sports betting gamblingProblem gambling sports betting sites

The calls into the 800-GAMBLER number are answered by experienced staff. According to the Council on Compulsive Gambling, analyzing calls from June 1st, 2018 – October 31st, 2018, the total number Helpline intake calls were 433 which is approximately 86.6 calls per month. During the same period in 2019, the total number of Helpline intake calls were 481 which is approximately 96.2 calls per month. The increase over the five (5) month period is 48 calls or approx. 11.1%.

Helpline calls where sports gambling was referenced as the primary issue PRIOR to 2018 legalization ranged from 1% – 5% per year. Calls received on the 800-GAMBLER Helpline, since June 2018 where sports gambling is a PRIMARY issue jumped to 10.8% of all helpline calls for period ending October 31st, 2019. In addition, the Councils treatment provider’s have reported that over 50% of their practice is treatment geared toward those who are struggling with sports gambling related issues.

From the chart above, one can identify the increasing trend in handle (in millions, left) as well as corresponding increase in percentage of helpline calls where sports betting is the primary issue (percentage, right). Note the spike in February helpline calls as a result of settled futures bets from end of football season coupled with Super Bowl wagering.

Problem Gambling Sports Betting Odds

What is of real concern to the Council is the availability and accessibility of sports wagering. Internet gambling has increased the rates of problem gambling. According to a study published in 2018 done by Dr. Lia Nower from Rutgers University, the survey found that 6.3 percent of New Jersey residents had a gambling disorder. That’s about three times higher than the national average of 2.1%. It should be noted that while the survey was published in 2018, it analyzed data gathered from pre-sports betting legalization in New Jersey. It is therefore likely that future studies would reveal an even higher number of people struggling with internet and mobile device gambling. The Council is concerned how these numbers will increase the number of individuals exhibiting signs of problematic and disordered gambling.

Problem Gambling Sports Betting Gambling

According to OnlinePokerReport.com, it is estimated that 24% of the revenue generated by a sportsbook or gambling operator is spent on advertising. Using the revenue generated to date in New Jersey from sports wagering, that would equate to approximately, $79.4 million spent on advertising. In order to heighten awareness of problem and disordered gambling, the Council spends only one third or $650,000 of their annual budget to alert the general public, gamblers, and loved ones that there is support, treatment and hope available.

The Council works tirelessly to make these messages available, but more funds are needed to make this happen. The Council is waiting to see how the $1.5 million dollars regulated for services “such as those that are provided by the Council” will be announced. Once available, the Council will use these monies for advertisement, treatment and other services. Still, even this amount of money pales in comparison to the industry’s advertising budget. Additional funds are desperately needed to heighten awareness of problem and disordered gambling. To help the Council spread the word about support, treatment, and hope, please visit our website at www.800gambler.org.