Gambling involves risking something of value, usually money, on an activity that is primarily based on chance in the hopes of winning. It has existed in virtually every society since prerecorded history and continues to be a part of many customs and rites of passage. However, it’s important to recognize that gambling is not harmless, and if you or someone you know has a problem, there are ways to seek help.
Gambling isn’t just about betting on sports games or playing slots at the casino. It also includes scratch tickets, online poker, fantasy leagues and even DIY investing. According to the American Gaming Association, there are more than 10,000 state-licensed casinos in the United States and more than 3,000 other types of gambling establishments. In addition, lottery sales represent the world’s largest form of legal gambling.
While a little gambling can be fun, it can quickly turn into a destructive habit. People can lose their self-respect and their family and friends. In some cases, it leads to criminal activities and even suicide. The first step to overcoming a gambling problem is admitting that you have a problem. It can be a difficult thing to do, especially if the addiction has cost you your life savings or strained or broken relationships. Once you’ve taken this step, the next steps are to build a strong support network and find new hobbies to replace your addiction.
It is also helpful to make a list of triggers that prompt you to gamble. These can be specific situations or emotions, and you may want to consider talking with a therapist who can help you understand your addiction. If you or a loved one is struggling with gambling, betterHelp can match you with a licensed, accredited therapist who specializes in depression, anxiety, relationships and more. To get started, simply take our free assessment and be matched with a therapist within 48 hours.
The best way to prevent a gambling problem is to keep it in check and only wager what you can afford to lose. This includes cash, debit and credit cards. Keeping track of wins and losses will help, too. Remember that the odds of winning or losing are proportionally the same regardless of how much you bet. Trying to win back your losses can be even more expensive than gambling in the first place.
It’s also important to set boundaries around your own finances. If you’re concerned about a loved one’s gambling habits, reach out to them for support and try to limit their access to your bank accounts. If you can’t convince them to stop gambling, you might need to consider taking over their finances until they can learn to manage their own money responsibly.