Gambling involves risking something of value on an activity based mostly on chance in the hope of making a profit. It has been a part of virtually all human societies since prerecorded history and has been incorporated into many local customs, rites, and traditions. Although most individuals gamble occasionally, a small group develops problem gambling that has significant personal, family, and financial consequences. The Diagnostic and Statistical Manual of Mental Disorders (Fifth Edition) defines gambling as “a recurrent, serious pattern of behavior that carries a substantial risk of impairment or distress.”
Occasional gambling can be a great way to socialize with friends and meet people, but if you or someone you know is betting more than they can afford to lose, it could become a problem. If you’re concerned that a loved one is gambling too much, there are things you can do to help. Start by talking with them and finding support. If they’re not ready to talk, consider speaking with a professional to discuss local referral resources such as certified gambling counselors or intensive treatment programs in the area.
Set a budget and only gamble with money you can afford to lose. Never use funds that you need to pay bills or rent. Also, don’t chase your losses – believing you’re due for a win is known as the gambler’s fallacy and can lead to bigger losses. Instead, focus on building a strong support system and find other ways to occupy your time. For example, try exercising, rekindling an old hobby, or spending time with family and friends who don’t gamble.