Gambling is the wagering of something of value on an event that is based on chance and where instances of strategy are discounted. It requires three elements: consideration, risk, and a prize.
Many people enjoy gambling and it can be a fun, social activity. However, for some people it becomes a problem. Problem gambling can damage relationships, cause financial difficulties and lead to unemployment or homelessness. It can also cause health problems, including depression and anxiety. In extreme cases, it can result in suicide. Problem gambling can also impact work, school or study performance. It can cause families to break up and children to be taken into care.
Research has found that some people are genetically predisposed to thrill-seeking behaviour and impulsivity, which can make it difficult for them to recognize when their gambling is a problem. The environment in which you grow up can also influence your thoughts and values about gambling, making it harder to recognise a problem. For example, some cultures consider gambling a traditional pastime and it can be harder to question the legitimacy of the activity.
The best thing to do if you are worried that you might have a gambling problem is to start by creating boundaries for yourself. Decide how much you can comfortably afford to lose, and don’t go past that limit. Also, don’t hide your money from family members or lie about how much you gamble. These practices can contribute to feelings of guilt or shame about your addiction and could ultimately make it worse.