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What is Gambling?

Gambling is the wagering of something of value on an event involving chance, where skill and knowledge do not significantly improve the odds of winning. This event could be a game of chance, such as scratchcards or fruit machines, a betting contest, or even the outcome of a sporting event, such as a horse race or football match.

Some people gamble for social reasons, for example as a way to entertain themselves with friends, or to help pass the time. Others gamble to win money, and the lure of a big jackpot can be extremely tempting. This kind of gambling often leads to compulsive behaviour and addiction.

Many different factors contribute to problematic gambling, including: sensation-and novelty-seeking, arousal, and impulsiveness. There is also evidence that some people may be predisposed to gambling addiction due to brain-circuitry differences. These differences may influence impulse control and the ability to weigh risk.

There are several warning signs that suggest someone may have a gambling problem: – if a person becomes obsessed with gambling, it interferes with work, family, or other activities; – if a person lies to a family member, friend, therapist, or employer in order to conceal their involvement with gambling; – if a person has a negative emotional response (e.g., guilt, anxiety, depression) to losing money in gambling; – if a person feels they cannot stop thinking about gambling; or – if a person has committed illegal acts such as forgery, fraud, theft, or embezzlement in order to fund gambling. In addition, some researchers have noted that there is a significant association between impulsiveness and gambling, and that these impulsive traits include the ability to delay gratification.

Trying to overcome a gambling problem can be difficult. It is important to make changes and to try and find new hobbies or activities. It is also a good idea to avoid using gambling as a way to escape from uncomfortable emotions or situations, as this can make things worse in the long term. Instead, seek non-judgemental support from a friend or a helpline such as GamCare.

In addition to making a conscious decision not to gamble, it is helpful for people with gambling problems to take control of their finances. This means avoiding credit cards, putting someone else in charge of their money, closing online gambling accounts, and keeping only a small amount of cash on hand. It is also a good idea to set a limit for how long they will gamble, and to leave the gambling venue when they reach this time limit, whether they are winning or losing. This helps prevent them from chasing losses, which is a common sign of problematic gambling. This is known as the ‘gambler’s fallacy’, where a person starts to believe they are due for a big win, or that they can recover their previous losses. This is not always the case and can lead to financial disaster. The last thing to remember is that recovery from a gambling disorder requires commitment and perseverance, but there is help out there.