Gambling is any game of chance or skill in which a person stakes something of value for the potential to win something else of value. This includes betting on football games, buying scratchcards and even online poker. However, gambling also involves activities in which a person’s knowledge or skills can improve their chances of winning, such as card playing strategies or horse racing tips.
A small group of people develop a serious problem with gambling, leading to significant negative personal, family and financial consequences. This is known as pathological gambling. It can affect all races, religions and social classes, and it can happen in big cities or small towns.
Many of the problems associated with gambling arise from an individual’s emotional state and their environment. People who gamble may be looking for excitement, the thrill of winning, or a way to escape their problems or worries. In some cases, people become dependent on gambling to cope with depression or other psychological issues.
To reduce the risk of gambling addiction, start with a fixed amount of money you’re willing to lose and stick to it. Don’t use credit cards and make sure gambling doesn’t interfere with, or take the place of, friends, family and other enjoyable activities. Avoid chasing your losses, thinking you’ll be lucky enough to win back what you’ve lost – this is called the gambler’s fallacy. You’ll probably only end up losing more. Try talking to a therapist about your relationship with gambling. BetterHelp can match you with licensed, accredited therapists in as little as 48 hours.