Algamus is proud to announce that 2022 marks 30 years of treating gambling addiction. From our humble beginnings to now having treated thousands of individuals, we have learned and observed so much over the course of three decades that have helped us shape Algamus into what it is today.
It’s becoming increasingly difficult to avoid gambling ads, especially when watching sports. Many sports teams are sponsored by gambling companies, which means that players will wear their logo on their jerseys.
The U.K. is currently undergoing a government review of the Gambling Act 2005, which removed all gambling advertising restrictions. This review may result in changes to gambling advertising, including potentially banning betting company logos on Premier League football jerseys.
Many people don’t realize that a gambling disorder and a substance use disorder have some notable similarities, and it is common for these two disorders to go hand in hand. Typically, if a person has a compulsive gambling disorder, they are more likely to develop an alcohol or substance use disorder, and vice versa.
All Bets Are Off is a gambling addiction recovery podcast created by three gambling addicts in recovery, along with a passionate researcher whose father struggled with a gambling addiction.
Recently, Ryan of All Bets Are Off sat down with Algamus founder, Rick Benson, to discuss Rick's past with gambling, and how he started Algamus Gambling Treatment Center.
Listen to the full podcast here.
Gambling is very normalized in our culture, with approximately 85% of American adults having gambled at least once in their lives, and 65% within the last year. Although many people can gamble without becoming addicted, there are many risks involved when it comes to wagering any amount of money.
In order to help a family member who may be struggling with gambling, or to avoid developing a compulsive gambling disorder yourself, it’s important to be aware of the signs of each stage of a gambling disorder.
Sports betting is a common, casual activity that sports fans like to engage in as they watch games, but is it as harmless as it seems? With the NFL starting next week, and the NHL and NBA starting shortly after, it’s the perfect time to educate yourself about sports betting before placing bets on these games.
Everyone has different coping mechanisms, and for some, it’s gambling. A gambling addiction seems easy to hide at first, but many who suffer from gambling addiction often suffer silently. Different subtypes of gambling disorder, such as action or escape gambling, use gambling habits to suppress distress, which brings up a range of issues particular to each group.
Gambling addictions are not as black and white as they may seem, and quitting is not as simple as “just stopping.” By learning the differences between these subtypes of gambling disorder, gamblers can learn how to avoid hurtful habits.
Losing a large bet would seemingly be a sign to stop gambling right then and there. But if this is the case, why do gamblers continue to bet even after they’ve lost? The issue is that problem gamblers don’t know when to stop gambling, even when they’ve set a budget and time limit. It’s the rush to keep gambling that fuels more spending, and then the inevitable happens.
What happens to gamblers when they start losing money?
Gamblers don’t just gamble for the sake of winning money. Compulsive gambling is a behavioral disorder that alters the structure of the brain, and there may be many motivations to gamble.
For many, gambling is a pleasant activity that serves as a distraction to the stresses of their daily lives, and they aren’t too focused on whether they win or lose. The action of gambling is what’s exciting, and winning just funds the gambler so that they are able to continue gambling.
If you are struggling with compulsive gambling, you may be wondering what the best treatment plan is for you going forward. There are a few options, the most common being Gamblers Anonymous or outpatient counselling. However, there is also the option of attending a residential treatment center for gambling.
Over the past few years, cryptocurrency has skyrocketed in popularity, and many people are now using it as their main form of currency. However, there are huge risks associated with it, and as Elon Musk’s tweets continue to bring down Bitcoin, many have risked it all and lost it all.
Online gambling casinos and online poker houses also push users to play with cryptocurrency, even connecting to cryptocurrency exchanges to cash out earnings.
Is there a reason why so many people prefer to use cryptocurrency for online gambling, and what are the risks involved with crypto itself? The same high gamblers get from winning can also be applied to a hike in cryptocurrency values.