Gambling is the betting of something of value, usually money or property, on an uncertain outcome – such as a game or a contest. The term ‘gambling’ can also apply to activities that involve a high degree of skill and risk, such as card games or horse races. People who engage in gambling do so for a variety of reasons, including to win money and experience a sense of thrill or excitement. For some, however, gambling can become a serious problem that affects their physical and mental health, relationships with family and friends, performance at work or study, or results in debt and even homelessness. According to Public Health England, over half of the population take part in some form of gambling each week.
The term ’gambling’ has a long history and was originally used to describe fraudulent gamesters, sharpers or rooks who played for money unfairly. Today, the word has a broader meaning and it refers to any activity that involves risking money or property on an event or activity with a random or uncertain result. The most common forms of gambling are lotteries, scratchcards, casino games and betting with friends or colleagues. However, many other events and activities that people engage in with their friends or family can be considered as gambling too. For example, playing card games such as poker or bridge with friends and family in a private setting is an informal form of gambling where participants wager money, and the primary aim is enjoyment and social interaction. Similarly, placing bets on the outcome of a football match or a horse race within a group of friends can be considered as gambling, although this activity is often legal in many countries.
There is a huge amount of money that is legally wagered on gambling games and events each year – estimates range from $10 trillion worldwide to more than $30 billion in the United States alone. A lot of this money is lost by gamblers, but some is won by a lucky few. Gambling is a multi-billion dollar industry that is growing rapidly, thanks to increased internet access and improved technology. This growth is partly driven by advertising, with casinos and other gambling outlets frequently running advertisements on television and social media. They also sponsor sports teams and promote themselves through VIP schemes that encourage regular users to spend more money.
People are most likely to develop a gambling addiction when they are depressed or experiencing other mood disorders. This is because the escapism and thrill of gambling can be used to mask or cover up these problems. For this reason, it’s important to seek treatment if you or someone you know has a gambling addiction. BetterHelp can help you find a therapist who specialises in gambling addiction and other mood disorders. You can get matched with a therapist in as little as 48 hours.
