Gambling is when people risk money or anything of value in the hope of winning something of value. Generally it involves some form of chance, such as a lottery, a race, a game of cards, or even a sporting event. People gamble for a variety of reasons, from the social aspect of meeting up with friends to the thrill of thinking about what they would do if they won the jackpot. However, for many people it can lead to addiction and serious financial problems.
There are both negative and positive aspects to gambling, with the negative aspects largely focused on problem gambling and its impacts on society. It is important to recognise that not all forms of gambling are harmful, and a more holistic approach to examining the effects of gambling should be taken. These effects can be observed at the personal, interpersonal and societal/community levels (see Figure 1), where personal impacts affect the gambler themselves, while external impacts impact those around the gambler, such as family members or colleagues.
Problem gambling can cause many different negative impacts, ranging from loss of employment to debt. It can also have a detrimental effect on relationships. It is important to recognize the signs of problem gambling, so that you can seek help if needed.
Pathological gambling (PG) is a mental health issue that can result in problems with family and work. It is estimated that between 0.4 and 1.6% of Americans meet criteria for a PG diagnosis. It can begin during adolescence and usually develops into a full-blown disorder in adulthood. Unlike other disorders, PG is not easily diagnosable and there is no single test to diagnose it.
Compared to other types of addiction, gambling is less likely to be diagnosed and treated. This is partly due to the stigma attached to the condition, as well as a lack of public awareness and education about gambling and its risks.
While some governments continue to condemn gambling, others promote it as a legitimate strategy for economic development, with tax revenue from lotteries and casinos supporting government programs. However, this comes with a cost, with small businesses often struggling to survive in the face of increased competition from casinos and other gambling establishments.
The introduction of gambling has also been linked to higher crime rates, including violent and property crimes. It has also been associated with an increase in alcohol abuse, particularly among young people.
There are many ways to combat gambling harm, including counselling, self-help groups such as Gamblers Anonymous, and exercise. It is also important to set limits on how much and how long you will gamble, and to never chase losses – this type of behaviour is the fastest way to lose more money. It is also recommended to only gamble with what you can afford to lose, and to budget for it as an entertainment expense rather than as a way of making money. Remember, that if you lose, it’s not your fault – the odds are against you.