Gender differences and the Gambling Industry
One of the greatest gender differences among men and women in regards to gambling is the motivation. While male punters gamble for the excitement, the sake of feeling a rush, and for the action; women gamblers possess an entirely different motivation. Women gamble mostly to escape and cope with stressful or unsatisfying circumstances.
This difference in motivation can yield different results. Both genders want to win and both qualify winning in different ways. While a male gambler enjoys gambling for the risk and the thrill, a female punter’s motivation is more compounded and complex. This core difference in motivation qualifies women gamblers in a league of their own.
Women gamblers possess a motivation that’s more intricately challenged and yet, inherently equipped to conceive and deliver success. Their motivation to ‘cope’ and ‘escape’ invokes their survival skills which furnishes them with a instinctual fighting prowess.
A woman gambler’s mind is engineered differently in betting. For example, female punters know when to walk away from the table while their male counterparts struggle with knowing when to fold them. In a national telephone survey of gambling activity in the USA, the results showed that male gamblers gambled more frequently and therein, experienced higher losses and wins. So while male gamblers won more, they also loss more, and they also played more frequently.
WOMEN GAMBLERS AND GENDER DIFFERENCES IN GAMBLING
Other gender differences in gambling engagement are in aspects of impulsivity such as impulsive coping, sensation seeking, and risk taking. Male and female punters have different levels of gambling engagement as well as patterns that stem from that. For example, male punters tend to experience higher levels of engagement and problems than their female punters. Already women gamblers are essentially winning in an industry that’s based on chance and beating the odds.
There are many different types of winning within the gambling industry. A punter idolizes the prize of a big jackpot, yet coming up in the gambling industry isn’t limited to playing the table. By creating online casino sites, several women gamblers have not only won, but they have changed the face of the gambling industry forever. If you think that it’s a man’s world, try telling that to any of the following women gamblers that have won big in the gambling industry.
GAME-CHANGING WINNING WOMEN GAMBLERS
Meet oldie but goodie, Lottie Deno. She was a prolific and successful gambler in the US state of Texas during the nineteenth century. Loti’s poker skills as well as her courage gave her a cutting edge. Story has it when she ran out of money, she began gambling in Detroit and turned to a life of gambling and traveling the Mississippi River.
According to the author Johnny Hughes, “In the late 1800s Texas’, the most famous poker player around was Lottie Deno.” Lottie Deno earned the title of “Poker Queen” because she won against Doc Holiday. All over Lottie had different nicknames. In San Antonio, she was known as the “Angel of San Antonio.” At Fort Concho, she was known as “Mystic Maud” and at Fort Griffin, she was called the “Queen of the Pasteboards.”
In 1882, Lottie retired and gave up her gambling ways. Up until that point however, this legendary poker queen touched the hearts of every gaming table she played before she skillfully won the jackpot.
Shannon Elizabeth is best remembered for her role as Nadia from the comedy feature film “American Pie.” She also has a profitable career as a poker player. Shannon played in the Celebrity Poker Showdown and in Calvin Klein’s 2nd Annual Celebrity Poker Tournament where she placed in sixth place.
She participated in the 2005 World Series of Poker and she also won a special tournament in a new Vegas poker room in 2006. In 2007, she reached the semi-finals of the NBC National Heads-Up Poker Championship eventually losing to the event’s champion Paul Wasicka.
Elizabeth eventually brought gambling and acting together. In 2006, Elizabeth starred in the Burt Reynolds movie Deal. Deal is about an ex-gambler who returns to the World Series, where he must face his protégé at the final table. In 2007 she also appeared in, The Grand, an improvisational poker-themed comedy featuring Jason Alexander, Woody Harrelson and Doyle Brunson. Read more about gambling movies that could potentially influence your game and strategy.
Elizabeth enjoys gambling on and off the screen. Given her track record at winning there’s no reason to think that she’ll slow down in either one.
Gladys Knight is an American singer, songwriter and actress. She won the Grammy Award seven times during her dynamic career. In her revealing auto-biography, Between Each Line of Pain and Glory: My Life Story, Gladys claims to have been addicted to sports betting and baccarat for almost 10 years. Gladys Knight otherwise known as The Empress of Soul recognized she had crossed the line of gambling for fun and problem gambling.
“I got into gambling when I was playing a casino,” Knight recalled. “One day a friend said, ‘Do you want to play some blackjack?’ So I played and enjoyed it. You think you can win everything, but you won’t.”
She adored sports betting, yet her addiction to Baccarat cost her tens of thousands of dollars in just one table sitting. In the late 1980’s, she experienced a high-stakes binge that cost her no less than $45,000. At that point, Knight turned to Gamblers Anonymous and got the help she needed.
RE-QUALIFY WINNING AND YOU’VE ALREADY WON
Knowing how to re-qualify winning can help reduce your chances of problem gambling. Set a time and betting limit to gambling. Don’t chase your losses and do not gamble with money that you don’t have. All of these are effective ways to monitor gambling from turning into a problem.
Vanessa K. Selbst is an American poker player. She is the three-time winner of the World Series of Poker. She is notably the most successful woman in the history of poker. Since the beginning of 2013 , Vanessa has won a prize money of almost $12 million in live tournaments.
At the main event of the Partouche Poker Tour in 2010, Vanessa Selbst won 1.3 million euros. In 2011, Vanessa was third in the Doyle Brunson Five Diamond World Poker Classic where she won $338,351. While in 2013, she went on to win the $25,000 No Limit Hold’em – High Roller Event at PokerStars Caribbean Adventure. Vanessa won the £ 2,000 No Limit Hold’em High Roller of the EPT / UK & Ireland Poker Tour in 2013, where she won a great total of £ 67,499.
Overall, her poker winnings at live tournaments has earned nearly twelve million dollars. From June 18 to July 1, 2014, Vanessa was the first and only woman to be at the top of the Global Poker Index.
Kitty Leroy was best known as one of the most proficient poker players in the Old West. After dancing in saloons, she picked up a number of other skills. She also well known for her proficiency with weapons and with playing games of chance.
After some wheeling and dealing she opened the Mint Gambling Saloon. At 28 years old this gambling woman already had quite the reputation. A journalist wrote of Kitty that she “had five husbands, seven revolvers, a dozen Bowie knives, and she was always was armed to the teeth.”
Kitty’s skills with weapons as well as her gambling proficiency became legendary. She was also well known for her mode of dress which could range from dressing like a man to dressing extravagantly like a gypsy.
Ruth Parasol: PartyGaming
Women gamblers like Ruth Parasol are self made billionaires in the gambling industry because of their strategy. At one point, Parasol was ranked as 197th of Forbes 400 richest Americans. In 2010, she was also ranked 15th on the list of the ‘World’s Richest Self-Made Women’. Parasol’s educational background in law and business helped significantly in developing PartyGaming which specialized in online poker, sports betting, bingo and casino games.
Thereafter, Parasol launched Starluck Casino. It was her first online casino operating out of the Caribbean. Soonafter, Parasol launched PartyPoker.com in 2001. It succeeded as a very popular gambling site along with PartyCasino.com and PartySports.com. By 2005, PartyPoker.com was a huge success grossing over $500 million dollars in profit.
Women gamblers have come a long way. From playing the tables at saloons in the wild west to creating online betting casino platforms. Female gamblers are fantastic at their versatility in playing the game. They’ve greatly influenced gambling history from their unique motivations to their strategizing prowess, women gamblers are in a class of their own cashing in on their own lottery ticket.