Gambling Addiction
Gambling is the wagering of something of value on an event that is random, putting yourself in a position where you could lose the item or the amount of money invested. You can gamble in casinos, online, or at sports events – and even your fantasy football league or scratch card games are gambling. It is important to understand that there are many types of gambling, and not all of them involve winning huge amounts of money.
Most people participate in gambling as a recreational social activity. However, for a small number of individuals who become seriously involved in terms of time spent and money wagered, this can cause significant personal, family, financial, and social problems. These people may be described as having a problem with gambling or pathological gambling (American Psychiatric Association, 1980, 1987, 1994).
Understanding how addiction to gambling works can help you recognise when you are in danger and take action. Some people are genetically predisposed to thrill-seeking behaviours and impulsivity, but there is also evidence that mood disorders such as depression or anxiety can trigger and make gambling problems worse.
You can reduce the risk of gambling by getting rid of credit cards and other forms of debt, closing your online betting accounts, and keeping only a small amount of cash with you. It is also important to develop a support network, and consider seeking therapy such as psychodynamic therapy or group therapy based on the principles of Alcoholics Anonymous.