Whether you’re placing a bet on a football match or scratchcard, gambling involves a risk. While most individuals participate in gambling as a recreational activity, some individuals become excessively involved and experience adverse social, family, and financial consequences. A small percentage of problem gamblers are addicted and experience severe psychological distress. Moreover, the negative personal and professional effects can persist even after the individual stops gambling (American Psychiatric Association 2000).
Harmful effects at an individual level include feeling depressed or anxious, engaging in illegal activities, or losing a job or educational opportunity. Additionally, problem gambling can cause significant financial loss and precarious credit conditions. In some cases, a person’s gambling may jeopardize their relationship and family life. They may lie to family members, therapists, and others in order to conceal the extent of their involvement with gambling. They might even borrow money from a bank or relatives to finance their gambling habit and engage in other illegal activities.
It’s important to realize that there are healthier ways to relieve unpleasant feelings. For example, you can exercise, spend time with friends who don’t gamble, or practice relaxation techniques. You can also take up a hobby or find other ways to make money besides gambling. It’s important to learn how to limit your spending and save money so you can rebuild your finances. You can also seek help through BetterHelp, an online therapy service that matches you with a therapist in as little as 48 hours.