Gambling involves risking something of value on an activity based mainly on chance in the hope of realizing a profit. It is an ancient activity that has existed in virtually every society since prerecorded history and has been incorporated into many social customs, rituals and rites of passage. Although most people gamble recreationally, a small percentage develop gambling disorders that have a substantial and negative impact on their health and well-being. These disorders can result in financial distress, relationship breakdown, family violence and mental illness. They also lead to criminal activity such as theft and fraud, and undermine civil institutions. The societal costs of these disorders can be enormous.
Vulnerability to developing gambling disorders increases with age, with people in their early 20s being the fastest growing group of gamblers. It is also higher among people with lower incomes, as they may have more to lose than those with greater resources and are at increased risk of losing their money quickly. The rapid normalization of gambling is driven by commercialization and digitalization, with sponsorship and advertising being key drivers. This is driving an exponential growth in gambling globally.
If you decide to gamble, never bet more than you can afford to lose. Set a time limit before you start and stick to it. Keeping track of the time you spend in the casino is important, because it is easy to lose control. Also, don’t play games that you don’t understand – you are likely to burn through your money much faster if you do.