Gambling involves risking money or something else of value on the outcome of an event that is influenced by chance. It can include betting on sporting events, games of skill, lottery-type draws, casino games, and even online gambling. While the majority of people who gamble do so for social or entertainment reasons, a small group becomes heavily involved in gambling to the point where it negatively impacts their personal and financial lives. The risk is especially high for those with low incomes and for young men and boys, who may be particularly vulnerable to developing an addiction.
While the chances of winning or losing are the same regardless of how much you bet, larger bets can multiply your wins and losses by a greater margin. In addition, the more you spend, the longer you’re likely to be at the tables, which means that you’re missing out on other life moments. To help prevent this, try setting a time limit for yourself before you start betting and stick to it.
If you find it difficult to stop, seek help from a gambling support service or organisation. They offer assistance, counselling and self-assessment tools to help you take control of your gambling habits. You can also strengthen your support network by reaching out to friends and family, or joining a new interest group such as a book club, sports team or volunteering for a charity. Alternatively, you could consider joining Gamblers Anonymous, a peer-support program based on the 12-step recovery model of Alcoholics Anonymous.
