Gambling is the act of risking something of value, usually money, on an event whose outcome is determined by chance. It can involve placing a bet on sporting events, horse races, the lottery, scratchcards or video poker machines. People may gamble for fun or to make a profit, but it is also possible that gambling becomes a problem that leads to financial, emotional and social harm.
A person who is struggling with a gambling problem may exhibit symptoms such as: Gambles more and more frequently and for longer periods of time. Needs to gamble in order to feel excited or satisfied. Often feels restless or irritable when trying to cut down or stop gambling. Relies on others to provide money to fund their gambling activities. Often jeopardizes or loses a significant relationship, job or educational/career opportunity as a result of gambling. Lies to family members, therapists or other trusted individuals about the extent of their involvement with gambling. Has committed illegal acts, such as forgery, fraud or theft, to finance their gambling.
Some people are more predisposed to developing a gambling problem than others, especially those with specific brain structures that affect how they process rewards and control impulses. There is also some evidence that gambling can be triggered by genetically transmitted vulnerabilities, such as an underactive reward system or an increased tendency towards thrill-seeking behaviour and impulsivity. In addition, some communities promote the notion that gambling is a fun pastime and therefore it is difficult to recognize when it becomes a problem.
Those who engage in gambling will likely lose more than they win, which is why it is important to understand the odds of winning before making any bets. Many people think that they have a good chance of winning because they choose their bets wisely and use statistics and research, but this is not always the case. Whether you’re betting on a football match or a slot machine, the chances of winning are always decided by chance and there is no way to predict the outcome with certainty.
To minimise the chance of becoming addicted to gambling, only gamble with disposable income and not money that you need to save for things such as phone bills or rent. Set money and time limits for yourself before gambling and never chase your losses – this is more likely to lead to bigger losses. Find other healthy ways to relieve unpleasant feelings and boredom, such as exercise, spending time with friends who don’t gamble or learning relaxation techniques. Also, make sure that your gambling does not interfere with or take the place of other hobbies and interests in your life. In addition, avoid gambling when you are feeling stressed or down – this can lead to bigger losses. If you are concerned that your gambling is causing you or someone close to you harm, please seek help immediately. It is a big step to admit that you have a problem, but it is possible to regain control of your gambling and prevent further damage.