Gambling is a way of betting on an outcome that depends at least partly on chance. It is a common activity in Western society, and while most people gamble for fun and social activities, some become seriously involved and experience negative personal, family, and financial consequences. The risk of developing a gambling problem increases with the amount of time spent on gambling and the amount of money invested.
Although there are state and federal age restrictions for gambling, many children play scratch cards or video games with friends. Whether online, at the casino or in person, gambling can be a highly addictive and dangerous behavior. Some experts have suggested that gambling is especially dangerous for adolescents, particularly boys and men. These groups are more likely to participate in the newest forms of gambling: sports betting and video game-based gambling.
The good news is that there are ways to help someone with a gambling addiction. Talk to a friend or family member and consider seeking professional help. The National Helpline (a free, non-judgemental service) can also provide support. Try to reduce risk factors for gambling, such as the use of credit cards or borrowing money. Look for other recreational activities to do instead of gambling, and be sure to keep your spending under control.
Some people find that they can manage their gambling problems with help from family and friends, while others require more intense treatment. Treatment may include psychotherapy, medications or a combination of both. Some people also need to address underlying mood disorders such as depression or anxiety, which can trigger or worsen gambling problems.
Regardless of the type of gambling, most people lose more than they win. This is because the odds of winning are small, and when you bet more, your losses are greater than your wins. In fact, if you bet $100, your chances of losing are proportionally higher than if you bet $1 because you are putting up more money against the house.
Another important factor to consider is the “gambler’s fallacy,” where you think that you are due for a big win and can recoup your losses if you just give it a little more time. This is a very common misconception, and it can lead to even bigger losses.
The best advice is to talk to someone you trust and be sure to keep your spending under control. You can also get non-judgemental support at the National Helpline, or use our quick self-assessment and support finder. If you or someone you know is concerned about their gambling habits, they should seek help immediately. If you or someone you know is struggling with gambling disorder, contact GamCare for help and support. You can also find out more about gambling and how to get help in your area here. If you’re worried about the gambling behaviour of a loved one, click here to learn more about our confidential and supportive services. Or, speak to a trained counselor in your area through our helpline.