Gambling is an activity where someone risks something of value (money, property or even one’s life) in order to win another item of greater value. This may be done in a physical or virtual setting and can include betting on sports events, games of chance, online casinos and lotteries. There is also a growing trend for people to gamble through video and mobile phone games that require micro-transactions or payments, or through ‘cashback’ websites that offer small amounts of money in return for making purchases.
Gambling can have many negative impacts. Some of these are purely economic (such as costs associated with problem gambling and long-term harm) while others are more social and emotional in nature (e.g., family conflict and relationship problems). However, gambling can also have positive impacts on a local economy, with studies showing that gambling revenue can be directed to infrastructure improvements and business support initiatives.
Problem gambling can cause financial crises, leading to debt and bankruptcy. It can also affect relationships, with people who have a gambling problem often lying to their friends and families about their spending or absence from events. This can create a feeling of isolation and distance, which can be very difficult to repair. Some people can even experience suicidal thoughts and feelings as a result of their addiction to gambling.
Support services for those with gambling problems are available through a range of agencies, including NHS support and the Royal College of Psychiatrists. It is important to seek help as soon as possible if you have these thoughts or are concerned about someone you know.