The house-money effect applies to online sports gambling, as a new study measured how much bettors raise their stakes after a win. “On days following a win, bettors also increase the size of their stakes by 41.1%, suggesting a house-money effect in which recent gains are perceived as disposable,” wrote researchers.  The Australian paper, published…

A new study found that state-sanctioned online sports betting caused a 10% increase in binge drinking frequency among some men aged 35 and younger. Researchers found an “intensive margin effect,” meaning that binge drinking increased among already heavy drinkers in the male age group. “For me, the findings were broadly consistent with what we suspected…

Gambling can be self-destructive and self-harming. Problem gambling raises suicide risk. But how does it relate to what clinicians call non-suicidal self-injury (NSSI)? NSSI means intentionally harming your body without suicidal intent. This includes actions such as banging, cutting, burning, or ingesting dangerous substances. Some of these behaviors can be life-threatening and require help and…