What is Gambling?
Gambling is any game of chance where a person stakes something of value, often money, on an event whose outcome is determined by random chance. This includes lotteries, cards, dice games, sports events, horse races and instant scratchcards. It does not include bona fide business transactions such as acquiring or selling at a future date securities and commodities, contracts of indemnity and guaranty, and life, health and accident insurance.
Some people are able to stop gambling on their own, but many need help. Several types of therapy are used to treat gambling disorders, including cognitive behavioral therapy (CBT), psychodynamic therapy, and group or family therapy. Treatment may be combined with medication.
People with a gambling disorder can experience symptoms as early as adolescence or later in adulthood. Symptoms can range from a mild to severe, and can interfere with daily functioning. It is important to recognize the signs and seek professional help as soon as possible.
There are a number of factors that contribute to gambling addiction, from genetics and upbringing to trauma and social inequality. In some cases, gambling problems can be a result of a chemical imbalance in the brain. It is important to identify and treat this imbalance, as it can lead to serious financial and personal consequences.
Gambling involves taking risks, and the more you gamble, the more likely you are to lose. Understanding how odds work can help you make more rational decisions about whether to gamble and how much to stake.
It is also important to remember that gambling is not a lucrative way to make money. Most gamblers will lose more than they win, so it is best to only gamble with money that you can afford to lose. This is why it’s a good idea to set limits in advance, decide how much you’re willing to lose and stick to those limits. You can also try to minimise losses by only gambling with money that is separate from your regular entertainment budget and never chasing your losses.
The most difficult part of gambling is acknowledging that you have a problem. This can be especially hard if you’ve lost a lot of money or have damaged relationships as a result of your addiction. However, it’s important to know that you don’t have to do this alone; there are lots of people who have successfully overcome their gambling addiction and rebuilt their lives.
If you’re worried about your own gambling habits, or the gambling habits of a friend or family member, get in touch with one of our therapists. You can be matched with a specialist in less than 48 hours. It’s completely free, confidential and available 24/7. Start by completing our short online questionnaire. We’ll use your answers to match you with a therapist who is right for you. You can then chat to them about your concerns and begin recovery today. This is a free, independent service provided by the Mental Health Foundation.