Gambling is the act of risking something of value (money, property, or other assets) on an event that relies upon chance. It includes betting on events in sports, games of chance and the outcome of other events such as the roll of a dice or the spin of a roulette wheel. It may also include putting money on a horse race or political election outcome and is often illegal in some jurisdictions.
Gambling can have a positive effect on society in many ways, including helping people to earn income and providing entertainment. However, there are also risks associated with gambling and it can harm individuals, families, friends, workplaces and communities. It is important to recognise and address any harms that are caused by gambling.
While the majority of people gamble responsibly, some individuals develop a gambling addiction and become dependent on the activity. This is sometimes referred to as problem gambling or gambling disorder and can have serious consequences for the sufferer and their family.
Some individuals have a low threshold for the effects of gambling and will begin to exhibit symptoms of addiction even at small levels of gambling. This can be difficult to recognise and people who are struggling with a gambling habit can often hide their behaviour from others or lie about how much they are spending.
Individuals who have a gambling addiction can be helped by strengthening their support network and seeking help from peer groups such as Gamblers Anonymous, which is modelled after Alcoholics Anonymous. It is also important to seek treatment for any underlying mood disorders that might be contributing to the addiction.