Abstract
An analysis of the gambling process, a review of gambling research, and a survey of philosophical, phenomenological, and theoretical interpretations of gambling suggest that the motives for gambling are highly complex. However, many similarities were found between anecdotal accounts of gamblers' experiences and the philosophical, phenomenological, and theoretical interpretations of the gambling process. Many of the research studies corroborated both the anecdotal accounts and the interpretations. The most fruitful and veridical findings seem to come from studies that recognized gambling as adult play. The significance of studying gambling as play readily revealed itself, and it is hoped that future research expands on the existential and transpersonal nature of this aspect of gambling. We have come a long way in increasing our knowledge of gambling since Bergler's original interpretation of gambling as psychic masochism. Gambling may be psychic masochism for some, but it is without doubt psychic play pleasure for the vast majority of persons who gamble.

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