Gambling

The act of placing a value on an event with the intention of winning something else of value. It requires consideration, risk, and a prize. It can be done in many ways, from placing a wager on a football team to buying a scratchcard. The risk of losing is usually greater than the expected value of winning, but skill can reduce the risk. For example, knowledge of card-playing strategies can improve the likelihood of winning a game of blackjack and knowledge of horse racing can help predict probable outcomes in a race.

Some people gamble as a form of entertainment and this brings them together with friends, or for relaxation. Having friends and family who support you can be a big help in stopping gambling. Counseling can also help you understand your problem and think about options and solutions. It is also important to treat any mood disorders that are contributing to your gambling behaviour, such as depression or anxiety.

People prone to gambling often find it hard to stop when they are on a streak or have reached their limit. They may feel the need to hide their gambling activity from others, lie about how much they gamble, or increase their betting in a bid to win back lost money. They may also spend time trying to ‘soothe’ unpleasant feelings, such as loneliness or boredom, by gambling.

It is possible to break the gambling habit, but it will take time and commitment. Seek help from a gambling addiction specialist or a therapist, attend Gamblers Anonymous, and try to avoid spending time on other activities that can lead to gambling.