Recognising the Risks of Gambling

Gambling involves risking money or something of value on the outcome of a game involving chance, such as a lottery, scratch tickets, or casino games. Some people may find gambling to be entertaining, but for others it can cause serious problems. It can harm physical and mental health, interfere with family relationships and work performance, lead to legal troubles and even homelessness. It is important to recognise the risks of gambling, and seek help if you or someone you know is struggling.

A person who has a problem with gambling is likely to exhibit one or more of the following: – Makes repeated unsuccessful efforts to control, cut down on or stop gambling; – gambles when feeling distressed (e.g., helpless, guilty, anxious or depressed); – After losing money gambling, returns the next day to try to get even (chasing losses); – Lies to family members, therapists, or employers to conceal extent of involvement with gambling; – Has jeopardized or lost a significant relationship, job, educational or career opportunity, or possessions due to gambling; and – Relies on others to provide funds to relieve desperate financial situations caused by gambling (American Psychiatric Association 2000).

The most common form of gambling is betting on sports events, but online casinos, DIY investing, and social media fantasy leagues are also forms of gambling. Regardless of the type of gambling, there is always a potential for addiction. Young people, especially men, are most vulnerable to developing a problem. People with low incomes, especially those with poor work and financial prospects, are at high risk of developing a problem as well.