Gambling is the wagering of something of value (money, property or possessions) on an event whose outcome is determined by chance. It is distinguished from other activities involving skill, such as sport or art. Common forms of gambling include lottery, casino games, bingo, poker, keno, horse racing and sports betting. People may also place bets on political events or elections, or on business and insurance decisions.
Some people have a healthy and balanced relationship with gambling, while others experience a more problematic and harmful behaviour. Problem gambling, which is more commonly known as compulsive gambling, is an impulsive behaviour that can result in serious consequences to the gambler’s financial situation and social and family life. It is not unusual for individuals to develop a gambling disorder after experiencing stressful life events, such as divorce or the death of a loved one.
Problem gambling can cause significant emotional and psychological distress and can affect anyone, regardless of their age or socioeconomic status. The latest edition of the Diagnostic and Statistical Manual of Mental Disorders (DSM) lists pathological gambling as an addictive disorder, alongside substances like cocaine or heroin.
It is important to understand that the probability of winning or losing at a game of chance depends only on the current state of the machine and the player’s luck. Therefore, the more a person plays, the less likely they are to win. It is also important to remember that gambling is not a way to make money; it is an entertainment expense, similar to buying dinner.
The most important step in overcoming a gambling disorder is admitting that you have a problem. Then, you can seek help from a counselor or support group to learn how to change your unhealthy behaviours and develop new coping skills.
Counseling can provide education about the causes and risk factors of gambling disorders, as well as teach coping strategies to deal with triggers. Additionally, counseling can teach individuals how to budget for entertainment expenses and avoid relying on gambling as a source of income.
Getting help for gambling addiction is possible, but it takes tremendous strength and courage to admit that there’s a problem. Many people are reluctant to seek help, especially if they’ve lost a lot of money or have strained or broken relationships because of their gambling habits.
When gambling, only gamble with money you can afford to lose. Never use money you need for other expenses, such as rent or bills. It’s also a good idea to set money and time limits for yourself before starting to gamble. And remember, chasing your losses will only lead to bigger and bigger losses. It’s best to start small and work your way up to larger bets over time. If you are thinking of seeking treatment for a gambling addiction, click the button below to get matched with a therapist who can help. We will connect you with a professional, licensed and vetted therapist in less than 48 hours.