Gambling involves placing something of value, usually money, at risk on an event with a degree of uncertainty. Examples of gambling include betting on the outcome of a game of chance, such as horse races, dice games, and card games, or a sporting event. Some people gamble for entertainment, while others use it as a way to socialize with friends and relax.
While some people enjoy gambling as a form of recreation, others develop a serious addiction to the activity. Problem gambling can destroy personal relationships, cause financial difficulties, jeopardize job and school performance, and even lead to homelessness. Some people also experience depression, anxiety, guilt, and feelings of hopelessness related to gambling. In addition, gambling can evoke an array of human emotions and behaviors that can be dangerously intense (American Psychiatric Association 2000).
Some people with an addiction to gambling may be secretive about their gambling, lying about it to family members and even committing illegal acts in order to fund their habit. They are unable to stop gambling, often even when they have lost a significant amount of money. They might try to win back the lost money by increasing their bets, a behavior known as “chasing” losses. These individuals have trouble with relationships and work, have a high risk of suicide, and are likely to live in poverty as a result of their behavior. They should seek treatment and recovery support from a professional to overcome this problem.