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The online gambling market – The daily blog of behavioral and cognitive economics

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The online gambling market – The daily blog of behavioral and cognitive economics

Luck, Loss, and the Rise of Online Gambling

When one thinks of gambling, the image of bustling casinos, lotteries, or betting on sports comes to mind. In recent years, it has become possible to wager on virtually anything — the next Pope, politics, or even the weather. The common thread? The relentless pursuit of the thrill. This expansion of the traditional notion of betting to include such novel concepts reflects the innate human desire for excitement and impulsive behaviours. With the ever-evolving nature and ubiquity of technology, it is no wonder that even betting has undergone dramatic changes. The Covid-19 lockdown further accelerated this trend, as physical and social restrictions encouraged people to try online gambling platforms. ….[READ]

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