Gambling is an activity in which a person can risk something of value, usually money, for a chance to win something else of value. It can take many forms, including lotteries, casino gambling, riverboat casinos, bingo, offtrack betting and sports betting. Gambling can lead to psychological, social and financial problems. It is often accompanied by denial and secrecy. In extreme cases, a gambler may hide their gambling activities from family and friends, lie about how much they are spending and even steal or embezzle from work. This can have serious consequences for an employee’s career and reputation.
Gambling changes the reward pathway in your brain, meaning you feel rewarded by winning and lose by losing. This can cause a dangerous cycle of gambling addiction in which you gamble to get your losses back and are not able to stop, even when you are losing large sums of money.
A number of factors can contribute to a gambling problem, including an over-active brain reward system, boredom susceptibility, impulsivity, use of escape coping, stress and depression. Other contributing factors can include genetic predisposition, an environment of gambling promotion, and a lack of financial literacy.
There are a few key steps that you can take to combat a gambling problem. The first is to recognise that there is a problem. If you think you have a gambling problem, seek help from an organisation that offers support and advice. Alternatively, there are inpatient and residential treatment and rehab programmes aimed at those with severe gambling issues who can’t control their behaviour without round-the-clock support.