Study Reveals 40% of Gamblers Overestimate Their Risk

Mindway AI, eCOGRA, and CasinoReviews.net are pleased to announce the successful completion of the Bet on Awareness campaign, a collaborative responsible gambling campaign aimed at understanding and promoting healthier gambling behaviors.

The campaign has yielded significant insights into the gambling habits of participants, highlighting areas for intervention and education.
Throughout the campaign, participants initiated 236 games in total. Of these, 187 were finished, and 181 reports were analyzed. This led to a completion rate of nearly 80% (79.24%) and a report review rate of 97%.

Key Findings of the Campaign:
Low Sensitivity to Losses: The majority of participants demonstrated a stronger drive towards potential rewards rather than being deterred by losses. This insight is crucial for developing reward-based interventions to encourage responsible gambling.

Risk Underestimation: Approximately 16.5% of participants were found to underestimate the risks associated with gambling, placing them at a higher risk for developing gambling problems. This indicates the need for targeted educational programs to raise awareness about the true risks of gambling.

Risk Overestimation: Conversely, 39% of participants overestimated the risks, leading to unnecessary anxiety and stress regarding their gambling behavior. Balanced information dissemination is essential to help these individuals maintain a healthy perspective on gambling.

High Persistence: A notable portion of participants showed high persistence, continuing to gamble despite losses. This highlights the need for targeted interventions to assist these individuals in recognizing and moderating their gambling behavior.

Accurate Self-Assessment Tools: The findings underscore the importance of tools that help gamblers accurately assess their risk levels.

Nikoleta Kuncheva, Product Owner at CasinoReviews.net, commented, “This campaign has highlighted critical areas where intervention is needed. By working together, we can ensure that gamblers have the resources they need to make informed decisions and maintain healthy gambling habits.”

About Mindway AI
Mindway AI is a leading provider of innovative solutions for responsible gaming and player protection. With a focus on leveraging cutting-edge technology, Mindway AI is committed to creating safer gaming environments for all.

About eCOGRA
eCOGRA is an internationally accredited testing agency and player protection and standards organization. With a mission to ensure player protection, and responsible operator conduct, eCOGRA is dedicated to upholding the highest standards of integrity within the industry.

About CasinoReviews.net
CasinoReviews.net is a trusted online resource providing comprehensive reviews, guides, and insights for players in the iGaming space, empowering them to make informed decisions while engaging in online gambling activities.

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