Gambling: investment or game?

bets. your risks

The proliferation of gambling is causing many users to turn to the platforms that market them as an alternative to investment. But it should not be like that, it is already a very dangerous activity for their interests. So what it has more to do with chance than with a rigorous strategy to make the savings profitable. They do not offer any security, running the risk of becoming dependent on the game. And as a consequence, leave a lot of euros on the road.

The wide range of games and bets that currently exist (sports, bingo, roulettes, poker ...), most of them online, it is a harsh temptation for users to be tempted in their craving for earn money easily. It can be fun every now and then to bet on a soccer game, or even play a game of poker from the comfort of your home. The problem originates when the user can no longer do without these dangerous practices in their leisure time and it made them lose money repeatedly through successive income to replenish their balance, and with the intention of checking if their luck changes.

The money that can be lost is unimaginable, - depending on their degree of addiction - and especially if the user does not have a resounding mechanism to cut their losses with these activities. Even if your addiction gets worse, there may come a time when you can't quit because you are already hooked on your hobby for the world of gambling, and you it will cost a lot to do without these activities in the game, sometimes needing the help of a psychologist.

What will it be worth to you to reduce your expenses, using saving strategies to reduce your household bills or limit trips to restaurants, if a significant hole occurs in your checking account as a result of excessive fondness for games? We must avoid falling into these dramatic situations for many Spanish households and, where they can find the solution by activating human relationships or opt for other healthier hobbies, which in no case will harm the pocket of those affected.

10 tips to stop gambling

If you are a person who cannot spend many days without making a bet, going to the bingo halls or, in short, you have excessive dependence on games, it will be highly recommended that you import some of the behavioral guidelines. With great probabilities they will help you to get out of this social addiction, and not least, to achieve an improvement in your quality of life and… the state of your pocket. Do you want to know how to get it?

  1. Focus on more profitable activities and from which you can obtain greater satisfaction in your personal life: practicing your favorite sports, spending time every day reading or interacting more frequently with family and friends.
  2. You must analyze that with what you spend every month on these games you can pay for a small vacation, buy a personal whim or increase your savings in the checking account, even incentivize savings for the acquisition of a motorcycle or vehicle.
  3. If you don't cut the problem in time may be further aggravated by generating an addiction that it will cost you a lot to get out of it, and that you may even need the services of a psychologist, or other help centers.
  4. The best way to forget about these playful practices is not to think about it again and focus thoughts on more positive approaches and constructive that will require the strength of your convictions.
  5. Many of the people who enter the world of the game do so out of loneliness, they need a distraction and choose this option to fill their deficiencies, so it is highly recommended that have several social circles where you can be in communication with other people.
  6. You have to assess that while you are betting online you will be aware of the evolution of your stakes, and that can create an abandonment of your main tasks (both personal and domestic), even those at work that affect low productivity or work performance.
  7. Generally in online betting the gains are usually very small compared to its risks, while losses can unduly affect the state of your accounts, especially when it comes to recovering lost amounts.
  8. It is preferable that dedicate that money to more satisfying activities and profitable, such as giving a gift to your loved ones or paying for a little whim.
  9. Instead of risking your money, if you need to play, nothing happens; you can opt for the usual social games (mus, tute, domino ...), which will enrich you with the company of other people and you will have a very pleasant time together. And where probably the only thing you lose is the consumption of your rivals.
  10. And, finally you should think that although you can win money at the beginning of your bets, in the long run it will probably be the opposite and spend more money than expected through the urge to earn money easily and in a few minutes.

It is not an investment

bets

You have to be aware that the bets are none investment, far from it. For them you have a series of financial products (stock market warrants, credit sales, exchange-traded funds, etc.) that are adapted to the profiles you present as an investment. And with a degree of aggressiveness that you can choose based on your expectations. Under no circumstances should you replace bets on these models. The risks that your decision will entail are not the most advisable.

It is a game, do not forget it in any case, and it has nothing to do with the world of investment, which is something completely different, and with very well differentiated mechanisms. It will not be very easy for you to obtain benefits on a regular and stable basis. And with the disadvantage that you can lose everything in a single bet. It may be logical to some extent that you like to play, but not to get a return that solves the economic problems of your domestic accounting.

Bets have much more to do with the leisure sector, than with finance. If you do not take this simple approach, surely you will develop more than one problem in the next few months, and they may even be very serious. And what is worse, they can create a real addiction problem that is very difficult to get out of.

If you play through this activity do it because you really like to gamble, not to try to increase your wealth in just a couple of days. The frustration that you will have will be visible in a short time, realizing that you have made a mistake in the diagnosis of your real needs. Not surprisingly, making savings profitable requires more effort, and a little more dedication to monitoring investments.

How to detect your degree of addiction?

risks of addiction in gambling

To make this addiction stop and not go further, the first thing you should do is recognize your problems with gambling, and once detected, implement the necessary measures to solve this dysfunction that you present. You will surely know that you have a mild or exacerbated addiction to gambling when you develop some of the following symptoms that we expose below:

  • You can't let several days go by (even hours) without you being connected to the games through betting, practically without rest.
  • Every time you lose a balance you make new income to try to recoup accumulated losses, even impulsively.
  • When you leave other social activities (be with friends, watch a movie, play sports, etc.) to dedicate themselves to this activity.
  • Impulsively you place bets on a regular basis, even when there are times when he thinks of nothing but this activity derived from chance.
  • Spending excessive time analyzing opportunities to win, studying possible bets, or following the results online. So that you abandon other activities more important to your personal life.
  • When there are already several income you have made, and they generate significant enough losses, it will be the definitive trigger to realize that something is happening in your environment.
  • And finally, when it becomes increasingly difficult for you to leave everything, it costs you a lot and you are not looking for other activities to replace your addiction, it will be the moment to realize that something serious is happening to you, and not less serious.

Keys to abandon gambling

In many cases, users are inclined to gambling as a tool to get a lot of money in a short time. It is what is popularly called as a stroke of luck. It rarely happens, and you can drop a lot of money along the way, more than you may initially think. You have other more natural alternatives to invest the savings. Try to choose one of them. It won't take you long to take this decisive step.

To the point that you can obtain returns on a regular basis, and in some investment models you can collect them every month. One of the most effective is the payment of dividends, with an annual return that can reach up to 8%. Within fixed income, on the other hand, you are in a position to subscribe term deposits that pay you interest in advance: monthly, quarterly or annually. With greater liquidity in your checking account.

And if what you want are more aggressive formats, where you can generate large capital gains, there are very specific products that allow this investment strategy. With many risks, but where at least you will not leave all the savings. Of course, they will require you to have a greater financial culture if you want to get to have certain guarantees in the taking of positions of these financial products.


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