Gambling is an activity in which people place something of value (money or materials) on the outcome of a game of chance. Whether it’s a spin of the roulette wheel or a bet on a horse race, gambling involves risk and uncertainty.
Throughout history, gambling has had both positive and negative connotations. It was often seen as immoral and illegal, but since the early 20th century it has become more accepted as a form of recreation and relaxation.
Problem gambling can have a number of effects on an individual and their family. It can cause conflict in relationships, financial strain and feelings of anger, fear or shame. It can also be addictive and lead to self-destructive behaviours such as drug use or suicide.
Some people are at a higher risk of developing a gambling addiction than others. Adolescents, veterans and aging adults are among the groups known to be at increased risk for this disorder. People from Latino and Asian communities are also at greater risk of gambling problems. People who have suffered from trauma or a psychiatric condition such as depression are at an even greater risk.
A clear definition of gambling helps to inform laws and regulations that protect consumers and maintain fairness. Moreover, it allows for the development of strategies that prevent exploitation and encourage responsible gambling habits.
There are many things you can do to help if you or someone you know has a problem with gambling. Some examples include:
Set boundaries in managing money; close online betting accounts; let a spouse or parent be in charge of the household finances; and review bank and credit card statements regularly.
Talk openly with your child or teen about the risks of gambling. Explain how gambling works and emphasize the importance of setting realistic expectations about winning and losing.
Gambling can be treated just like any other addiction with cognitive behavioural therapy. Your therapist will work with you to challenge your beliefs and thoughts around gambling, including the belief that certain rituals can bring luck or that you can win back any losses by gambling more. They may also teach you new coping skills to deal with cravings and triggers. A specialised form of CBT called Acceptance and Commitment Therapy can also be helpful for gambling disorders. It teaches you to recognise and accept your triggers and to commit to changing the way you respond to them. It can be used alone or in combination with other therapies. Talk to your GP about this option. They can offer local referral resources. They can also help you to access community supports and programs to support you in your recovery.