Gambling involves risking an item of value (such as money) in the hope of gaining something of greater value. It is a popular pastime and can be enjoyed by many people, with a large proportion of individuals enjoying it in a responsible and enjoyable way. However, for a minority of people gambling can become problematic and lead to negative personal, social, family and financial outcomes. This article explores some of the main issues surrounding gambling and outlines what steps can be taken to help prevent or address problem gambling.
In the United Kingdom, around 20% of adults are classified as having a gambling problem. This figure is higher for those from specific groups, including young people, the armed forces, veterans, aging adults and those from Latino and Asian communities. Those who have a gambling problem often experience difficulties at work, home and in their relationships. They may also have a tendency to hide their gambling expenditure from others.
Many people gamble to relieve unpleasant feelings or to pass time. This can include boredom, stress, anxiety or depression. It can also be used as a form of self-soothing after a difficult day or an argument with a partner. In addition, some people find that gambling can provide a way to socialize with friends and colleagues.
A major impact of gambling can be on a financial level, with funds that could be saved or invested instead being spent in pursuit of a win that rarely compensates for losses. People who stop gambling can rebuild their financial health and gain control over their finances, enabling them to plan for the future and reduce debt.
There are a number of ways to help people limit their gambling, either through prohibition or personally imposed controls. One approach is to use a budget, where money for gambling is set aside from other spending and then only used with that designated amount. Another is to avoid using credit cards, carry cash and not spend more than you can afford. A third is to only gamble in licensed and regulated casinos, where it is safer to do so.
Other strategies to reduce the risks of gambling include talking about your concerns with someone you trust who won’t judge you, reducing the risk factors in your life by not taking out loans or carrying large sums of money, and finding alternative recreational activities. If you are a gambler who is battling an addiction, try reaching out to a peer support group such as Gamblers Anonymous. This is a 12-step recovery program based on Alcoholics Anonymous and can help you find a sponsor, a former gambler who can offer support and guidance. You can also get in touch with a specialised organisation such as GamCare or the Gambling Helpline. Lastly, learn to cope with unpleasant feelings without gambling by exercising, practicing relaxation techniques, spending time with friends who don’t gamble or exploring new hobbies. This will give you a better quality of life.