Sports Betting Addiction

Sports Betting AddictionThe television show 60 Minutes recently profiled a professional sports better who openly admitted to winning and losing fortunes with his betting activities. We’re talking millions and millions coming and going over a lifetime. The difference with this gambler is that he has made sports betting his career. That means he follows every game, charts all the statistics and uses all kinds of data to make informed betting decisions. Someone watching that story could come away with the idea of “Hey, I can do that, too.” That would be a very deceptive thought.

Sports Betting Addiction Costs

Sports betting is a billion dollar industry and that just accounts for the legitimate side of it. Every major casino has their own sport book which allows gamblers to bet on anything related to sports that is happening anywhere on the planet. You can even get action on upcoming presidential races and the Academy Awards. This legalized form of sport betting generates billions of dollars for the casinos every year. That means billions of dollars that have been lost on wagers.

One of the most common reasons that people bet on sports is because they say it makes watching the game a lot more fun. You can see this play out with any Super Bowl party where folks toss money into a pool, pick a square on a betting chart and wait to see what happens. It’s all in good fun. Meanwhile, during that same game, millions of dollars in wages are changing hands. All of this is meant to point out that sports betting is a very serious business. It can also be the cornerstone of a serious gambling addiction.

A person who has become addicted to sports betting will often want to find ways to increase the risk. The bigger the bet, the bigger the chance for a win and the bigger the thrill. This might mean crossing over the line into illegal betting operations. That’s when it can get really dangerous. With a casino sport book, you have to put up the money to make the bet. Calling a bookie means you’re making the promise to pay. When you lose, you’ll have to pay back that money with interest. This is called the “vig” and it’s non-negotiable. Have you heard of those stories of mobsters showing up to bust arm and legs because of unpaid debts? For the most part, these stories are true. This is not a situation you want to find yourself in.

Get Help for Sports Betting Addiction

When sports betting has gotten out of control, it’s time to seek professional help. Among the options for treatment could be a stay at a certified residential gambling addiction treatment facility. This will cut you off from any opportunity to bet. In turn, that allows you to deal with how you got into this mess in the first place. Beyond rehab, there are many choices for support groups and direct counseling. Don’t end up as a statistic. Call our toll-free gambling treatment help line on this page and find help today.