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The paradox of wealth and gambling addiction

The world of gambling is a realm of chance, where fortunes can be won or lost with the turn of a card or the spin of a wheel. While gambling addiction can affect individuals from all walks of life, it has often been observed that even those with considerable wealth and affluence can fall victim to its grip. This paradox has sparked curiosity and raised questions about why wealthy people get addicted to gambling.

One psychological phenomenon that can impact wealthy individuals is the illusion of control. With financial success often comes a sense of mastery over various aspects of life. This perception of control can extend to gambling, where individuals may believe that their financial prowess and decision-making skills can influence the outcome. This belief can lead them to overestimate their abilities, leading to excessive gambling and subsequent addiction.