Gambling involves placing a value on an event with an element of chance for the opportunity to win something of greater value. It is a common form of entertainment and is legal in most countries, although there are restrictions on some forms of gambling, particularly for children. It is also a large international business. Some people become addicted to gambling, leading to serious problems and financial ruin. It is important to recognize the signs of problem gambling, which include:
Many people gamble for social or recreational reasons. Others gamble for the rush or excitement, for example thinking of what they would do with a big jackpot or winnings. Other reasons may include believing that they are due to win – the gambler’s fallacy.
Those who have a gambling addiction often hide their gambling activities, lying to family members, friends or therapists about how much time and money they are spending on the game. They may also steal to finance their gambling. Some individuals have jeopardized relationships, jobs and educational opportunities in order to gamble, and rely on family or friends for money to cover their losses (American Psychiatric Association 2000).
It is difficult to stop gambling. In order to overcome an addiction to gambling, it is important to strengthen your support network and find other ways to spend your time. Consider joining a book or sports club, taking a class or volunteering for a cause. It is also helpful to join a peer support group, such as Gamblers Anonymous, which uses a 12-step program similar to Alcoholics Anonymous.