Gambling is the betting or staking of something of value, such as money or goods, with consciousness of risk and hope of gain. It can be done on a variety of things, from scratchcards to sports events and the pokies. People gamble for many reasons, including excitement, socialising or to escape worries or stress. For some, gambling can become addictive and lead to harm. If you have trouble controlling your gambling, try talking to a professional. You can also get help from support groups and self-help tips.
Negative impacts of gambling
There are many negative and harmful effects of gambling, which can include losing control of finances, family and friends, causing stress and depression and being addicted to gambling. Problem gambling is associated with increased crime rates, a higher cost to the police and prison system, and can increase suicide rates.
Positive impacts of gambling
There are some positive effects of gambling, such as socialising, mental development and skills improvement. However, the benefits of gambling can be outweighed by the negatives. It’s important to only gamble with money you can afford to lose and not use it as a way to make money. You should also set yourself money and time limits and never chase your losses. If you’re struggling with debt, speak to StepChange for free, confidential advice. Having a good support network can also help you to deal with problems, so try to spend more time with your friends and family.