Gambling is an activity where you bet on a chance to win money or other things. It can be as simple as buying a lottery ticket or as complicated as gambling on sports events or the pokies. It can also be addictive and cause harm.
Gamble in moderation
A lot of people gamble, but it’s important to know the risks. You should also avoid gambling if it’s causing you problems.
Reducing the harm of gambling
A gambling problem can lead to poor health and relationships, performance at work or studies, trouble with the law, serious debt and possible homelessness. It can also affect your family and friends, so it’s important to find support if you have a gambling problem.
Understanding why you gamble
You may be tempted to gamble because of the excitement and euphoria it can create. Or it might be a way to relieve unpleasant feelings such as loneliness, boredom or anger. It’s important to learn ways to soothe these emotions in healthier ways, such as exercising, spending time with friends who don’t gamble, taking up new hobbies or practicing relaxation techniques.
Getting help for a loved one with a gambling problem
If someone you know has a gambling problem, it’s important to seek out help. They may feel so overwhelmed by their impulses to gamble that they are unable to control them. They can often relapse if they are not treated.
Balanced measurement of the effects of gambling
Many economic analysis studies of gambling attempt to address both costs and benefits of gambling, but these studies have a number of limitations. They do not always make an effort to consider expenditure substitution effects, and they tend to focus on a single aspect of gambling’s economic effect.