{"id":2799,"date":"2018-03-23T08:00:30","date_gmt":"2018-03-23T12:00:30","guid":{"rendered":"https:\/\/www.realmoneygambling.com\/?p=2799"},"modified":"2018-03-23T08:00:30","modified_gmt":"2018-03-23T12:00:30","slug":"march-madness-10-billion-gambling-market","status":"publish","type":"post","link":"https:\/\/www.realmoneygambling.com\/news\/march-madness-10-billion-gambling-market\/","title":{"rendered":"March Madness: $10 Billion Gambling Market"},"content":{"rendered":"

\t\t\t\tMarch Madness is a time when gamblers do enjoy themselves the most. In fact, if you think that you are just making a small bet, it is actually a part of a $10 billion market gambled this year on NCAA Men\u2019s Basketball Tournament. Beginning Thursday night, NCAA will showcase third and fourth rounds that will cut the 16 to four remaining teams. And yes, undeniably, it is a very special time many sports fans. However, let\u2019s take a closer look at the other side of the coin. Let\u2019s keep in mind that it is also a dangerous time for those who have gambling problems.<\/p>\n

Exciting and Problematic Times<\/h2>\n

If you will ask Michael Rosen, the counselor and vice president of clinical services at the Center for Addiction Treatment in the West End, he\u2019d usually tell problem gamblers to \u201csituate yourself around a new schedule\u201d. He\u2019d suggest that a problem gambler seek support groups and ask to be excluded from office emails regarding March Madness.
\nJust how bad can March Madness<\/a> actually get? First, let\u2019s consider the $10 billion that is being wagered on the games. Next, consider the fact that only 3% will ever be going to Nevada gaming books according to the American Gaming Association. That is around $4 billion more than the bets during Super Bowl season. In addition to this, only $40 million is actually bet on the final game of Football\u2019s World Cup that is held every four years.<\/p>\n

A Gambling Buffet?<\/h2>\n

You can consider the NCAA Men\u2019s Basketball as a smorgasbord of gambling. You can keep on gambling and it can be very hard to deal with especially when someone has gambling problems. Consider the tournament opening with 68 teams in single elimination. That means that it\u2019s 67 games for a period of 12 days.
\nAccording to Rosen, \u201cThe problem gambler\u2019s brain is producing \u201cfeel-good\u201d chemicals at each bet, even if he\u2019s not winning\u201d. He added that \u201cHe has become conditioned to gamble\u201d, explaining how chronic betting works even after losses. Rosen said that \u201cIt is simply the next part of the sequence that occurs without much conscious thought. A bet is made and then another and then another\u201d.
\nThe thing with problem gamblers is that they don\u2019t often cut their losses. They are also not aware of the problems that they potentially face. Rosen advises people to keep an eye out on friends and family members who are prone to this condition. And just how dangerous can gambling addiction get? It can be just as dangerous as an addiction to both drugs and alcohol.
\nRosen mentioned that \u201cYou might not see physical symptoms\u201d. However, it is also possible that there are physical manifestations including deterioration of their health such as hypertension and the lack of sleep. As for the psychological issues, there are those who experience depression, irritability or even contemplate suicide.
\nA gambling problem can be quite alarming. Not only can it ruin your finances, it can also lead to problems with your family and even at work. With March Madness on its way, it can be a difficult time for problem gamblers.\t\t<\/p>\n","protected":false},"excerpt":{"rendered":"March Madness is a time when gamblers do enjoy themselves the most. In fact, if you think that you are just making a small bet, it is actually a part of a $10 billion market gambled this year on NCAA Men\u2019s Basketball Tournament. Beginning Thursday night, NCAA will showcase third and fourth rounds that will […]","protected":false},"author":7,"featured_media":2800,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[3],"tags":[63,28,59],"class_list":["post-2799","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industry","tag-basketball","tag-gambling","tag-march-madness"],"acf":[],"yoast_head":"\nMarch Madness: $10 Billion Gambling Market<\/title>\n<meta name=\"description\" content=\"Bets going to March Madness are worth $10 billion. It is also the time when problem gamblers will have a difficult time resisting the urge to bet.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.realmoneygambling.com\/news\/march-madness-10-billion-gambling-market\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"March Madness: $10 Billion Gambling Market\" \/>\n<meta property=\"og:description\" content=\"Bets going to March Madness are worth $10 billion. 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It is also the time when problem gamblers will have a difficult time resisting the urge to bet.","og_url":"https:\/\/www.realmoneygambling.com\/news\/march-madness-10-billion-gambling-market\/","og_site_name":"Real Money Gambling News","article_published_time":"2018-03-23T12:00:30+00:00","og_image":[{"width":800,"height":400,"url":"https:\/\/www.realmoneygambling.com\/news\/wp-content\/uploads\/sites\/2\/2018\/03\/gambling-5-1.jpg","type":"image\/jpeg"}],"author":"Jana Newland","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Jana Newland","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.realmoneygambling.com\/news\/march-madness-10-billion-gambling-market\/","url":"https:\/\/www.realmoneygambling.com\/news\/march-madness-10-billion-gambling-market\/","name":"March Madness: $10 Billion Gambling Market","isPartOf":{"@id":"https:\/\/www.realmoneygambling.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.realmoneygambling.com\/news\/march-madness-10-billion-gambling-market\/#primaryimage"},"image":{"@id":"https:\/\/www.realmoneygambling.com\/news\/march-madness-10-billion-gambling-market\/#primaryimage"},"thumbnailUrl":"https:\/\/www.realmoneygambling.com\/news\/wp-content\/uploads\/sites\/2\/2018\/03\/gambling-5-1.jpg","datePublished":"2018-03-23T12:00:30+00:00","dateModified":"2018-03-23T12:00:30+00:00","author":{"@id":"https:\/\/www.realmoneygambling.com\/news\/#\/schema\/person\/c54c14a8d8232e90b4aaf8890f3bb7a9"},"description":"Bets going to March Madness are worth $10 billion. 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