Wager Mage
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Studies show that Black people have over twice the rate of gambling addictions compared to white people. Black youth are also considerably more likely than white youth to engage in gambling activities, leading to problem gambling and addiction later in their lives.
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Meanwhile, positive odds are how much you'll get back for a winning $100 bet: $150 at odds of +150. Moneyline betting on heavy favorites all of the...
Read More »Gambling addictions can become a serious problem for many people, leading to financial issues and creating distance and tension with family members. Studies have shown that gambling addictions and race are related, with certain ethnicities being more affected and prone to developing an addiction. Several factors, such as mental health or family situations, can mean various ethnic groups are more likely to gamble in times of hardship. Understanding that problem gambling and race are interconnected can allow you to take the steps necessary to prevent an addiction from forming or take action to get your or a loved one’s life back on track. Gambling is common in almost every culture, especially social gambling with friends and family. While some individuals can gamble without any issues, others develop a disorder that can lead them down a path with potential health and well-being consequences. Gambling addiction does not affect all races equally. Several studies have shown that problem gambling is more prevalent among certain races and ethnic groups. Specifically, Hispanic, Asian and Black people may be at a higher risk of developing a gambling addiction and its consequences. Tense relationships with loved ones and financial problems are significant effects of problem gambling. Understanding the relationship between gambling addiction and ethnicity can help identify the causes of these addictions, prevent them in the future and develop a targeted treatment for recovery.
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