Gambling is an activity where individuals risk something of value (money, assets, or property) on an event whose outcome depends on chance or skill. This includes all types of games, such as poker, casino games, sports betting and lottery games.
Research shows that gambling provides some positive benefits, such as socialization, mental development, and a sense of happiness. However, these benefits only occur if the person gambles in moderation. Problem gambling can destroy family relationships, cause depression, lead to serious debt and even result in homelessness. It also has the highest suicide rate of any addiction or mental health issue.
For many people who struggle with gambling, the first step to recovery is finding healthy ways to manage their emotions and relieve boredom. Instead of gambling, they can try exercising, spending time with friends who don’t gamble, or taking up a new hobby. They can also learn to manage their finances by setting boundaries, limiting credit card use, reviewing bank and credit card statements, and putting someone else in charge of managing their money.
A person’s financial situation may play a key role in their addiction to gambling. A financial counselor can help them find the best way to manage their money and credit, and develop a plan for breaking their gambling habit. They can also recommend peer support groups, such as Gamblers Anonymous, which follows a 12-step program similar to Alcoholics Anonymous. For those struggling with severe gambling addiction, there are specialized treatment and rehab programs available, including residential and inpatient care.