Gambling is a form of risk-taking where something of value (usually money) is staked on an activity with an element of chance in the hope of winning something else of value. It is found in virtually every society and has been a part of human life since prerecorded history. In some cases, gambling can cause problems and lead to addiction, but when used moderately it can provide fun, relaxation and entertainment.
There are many different types of gambling activities, including casino games such as blackjack, roulette and video poker; horse and greyhound racing; football accumulators; bingo; lotteries; and speculating on business, insurance or stock markets. Although the various games have differences, there are several common characteristics. First, there is a decision to gamble; then the game itself; and finally, a choice of bet or wager.
The most obvious negative impact of gambling is that it can be addictive, leading to significant financial and personal problems for the individual. Problem gambling can also negatively affect family members and friends, as well as societal or community impacts such as homelessness, bankruptcy, and crime.
Most people who gamble do so responsibly, and the majority of people with a gambling disorder recover. However, the vulnerability to develop a gambling disorder is higher in certain groups, such as those with lower incomes who have more to lose and may be more likely to try to make up for their losses by gambling even more. Young people, especially boys and men, are also more susceptible to developing a gambling disorder.
Getting help for gambling addiction is difficult, but it’s possible. The first step is admitting you have a problem, which can be very hard to do. If you’re struggling to break the habit, seek support from friends and family who don’t gamble or join a group such as Gamblers Anonymous. If you can’t quit gambling completely, learn to reduce your exposure by using strategies such as limiting the number of times you gamble each week and only betting with disposable income.
There are other healthy ways to relieve unpleasant feelings and boredom, such as exercising, spending time with friends who don’t gamble, taking up a new hobby, or practicing relaxation techniques. You can also use the internet to connect with therapists who can help you overcome your gambling disorder at BetterHelp, an online therapy service that matches you with licensed therapists. Take our free assessment and get matched with a therapist in just 48 hours. Alternatively, you can call our 24/7 hotline at 1-800-273-8255.