The Psychology Behind Why Women Gamble

In the past, gambling has been a men’s thing. However, modern society’s peculiarity has encouraged women to gamble more. The shift in women’s participation in gambling has triggered a lot of theories and postulations about the major reasons women participate in gambling.

Some researchers believe it is due to peer pressure. Other researchers, however, think the increasing switch in gender roles contributes a lot. Some of the reasons why women gamble include follows.

Fun and excitement

Women love to explore new activities that make them happy. With the prominence of online gambling, some women have turned to it as a source of fun and entertainment. For this set of women, gambling is an escape from life and relationship challenges. 

Gambling is also exciting because it provides a sense of mystery, unpredictability, and some coping mechanism.

Monetary gains

Money is the root of evil, literally. But we still love it. In most cases, the motivating factor for gamblers is the huge winning potential available. Over the years, we have heard success stories of many gamblers who have won huge amounts of money.

Vanessa Selbst is one example of a gambler who has amassed a name for herself and cashed out big. In all, Vanessa has career earnings of over $11m. 

Therefore, women who also need to make more money have turned to gamble to make more money. Gambling has now become a money-multiplying venture for women.

Addiction

Gambling addiction is very bad and can ruin one’s finances. Although, men are disproportionally addicted to gambling more than women. Women have started closing that gap. We have seen a sharp increase in interest in gambling among women. 

Peer pressure

Peers influence a major part of life that can shape one’s behavior and influence choices. When it comes to gambling, peer pressure is a huge contributing factor. For instance, imagine you have three, and each gamble except you. It will be normal for you to start gambling after a few years due to peer influence. 

Women are generally competitive in groups. They love to have what their peers or friends are having. Women learn many things from their peers, such as bests practices for creating a successful gambling strategy. 

As with nearly everything else in life (and in gambling), the first step to creating a smart strategy is to identify who you are as a gambler.

The answer to these questions will affect almost every other decision when creating your casino and online gambling strategy. Once you can identify where your traits match up with the games and how much money you want to risk, finding the best casinos for winning and how much money to put into each game becomes easier.

For example, casino deposit with Interac is very easy because it offers a seamless fund deposit option. Are you the type that wants to go all-in for the big jackpots? Or do you prefer the slower, more predictable wins of a low-risk afternoon at a casino? Are you the type that likes lots of action or a bigger bankroll at your disposal, or do you like planning out your favourite games?

How women respond to gambling loss

Gambling is a win-or-lose game. Winning is often sweet, but its opposite is what many gamblers may not like hearing experience. Gamblers are more likely to experience more losses in their career than winnings. That being said, women react differently to these two events. 

One of the most popular scientific researches to study the response of the females to loss in gambling was the one carried out by the University of Adelaide, the Swinburne University of Technology in Australia, and the Australian Gambling Research Centre (AGRC).

The collaborative research discovered that women react less emotionally to losing in gambling than men. While men may bang chairs, anything they can find closer, women will keep their feelings inside after losing privacy. 

Conclusion

While women do gamble less than men, there are still many women who enjoy gambling. Slot machines, for example, have proven to be one of the most popular gambling options among Women. Unfortunately, most of these players are not returning home with large jackpots. This article aimed to understand why so many women are attracted to gambling in general and discover ways to make it more enjoyable.

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