In 1943, Abraham Maslow published the theory of human motivation. He described that human needs are based on different levels, with the lowest level consisting of the basic needs. After each level of need is met, an individual rises to the next, more complex level of needs. The theory became commonly known as Maslow’s Hierarchy of Needs. Gamblers may succeed when they bet according to the theory.
Understanding the Maslow’s Hierarchy of Needs
Human beings are always striving to live better lives by improving their earnings. Some live a minimalist lifestyle in the hope that they can save more to enjoy a better life in the future. To reap maximum benefits from betting, applying Maslow’s theory can be beneficial. It is important to first understand the theory to effectively apply it in betting. Maslow presents human needs in a five-step hierarchy pyramid.
Under the psychology of gambling, a lot of people engage in betting to meet their physiological needs. This level represents basic human needs that are a must for survival. These are food, shelter, clothing, air, and sex. They form the lowest level of the pyramid.
After the first level’s needs are met, human beings move on to the second level. At this level, they seek safety and security around them. They desire health, emotional, social, and financial security.
Love and belonging
In the third level, people begin seeking love and belonging. They seek to belong in a group, and feel loved, intimate, accepted, and trusted. By gambling at an internet casino, players can bond with other people with the same interests as them.
The fourth level includes the desire for dignity, reputation, self-esteem, and independence. The person begins counting their achievements and becomes masters in their respective fields.
This is the final level and involves a desire for personal growth and self-fulfillment. The individual begins pursuing academic, economic, family, and even betting achievements.
Betting according to Maslow’s Hierarchy of Needs
Bettors can use Maslow’s theory in betting. They first learn the basic betting techniques to start winning. Once this basic need is met, the bettor can move to higher levels and set their mind to safety needs.
They then move to a strategy where they seek belonging and on to tactics where they seek self-esteem, mastery, and dignity. The highest is the self-actualization level, where the bettor has mastered everything and begins to excel economically.