Gambling is an activity where participants choose to place a bet, either on a sporting event, game of chance or other random occurrence. They then match those bets with ‘odds’ set by the betting company, which determine how much money they could win. These odds are based on probability, which is why it is difficult to predict how much money you will get from gambling.
Negative Impacts
The negative impacts of gambling are well documented and include financial, labor and health/wellbeing. These impacts can occur on a personal, interpersonal or societal/community level. They can also be short-term or long-term. Typically, the negative impacts of gambling are attributed to the gambler themselves, but the effects of gambling can affect more than one person.
Positive Impacts
While the negative impacts of gambling are well documented, there are a number of positive impacts associated with it as well. These positive impacts include social interaction, stress relief and increased life satisfaction. While these benefits are important, it is also important to note that some people use gambling as a way to cope with mental health issues, and this can lead to problems such as anxiety and depression.
Those who struggle with an addiction to gambling can find success by addressing their problem and finding the right support. This can include setting boundaries in managing money, taking control of family finances, reviewing bank and credit card statements and avoiding gambling establishments where possible. It can also help to speak to a professional to discuss local referral resources such as certified gambling counselors or intensive treatment programs in your area.