The Impacts of Gambling

Gambling is the betting or staking of something of value, with consciousness of risk and hope of gain, on the outcome of a game, a contest, or an uncertain event. It can be a form of entertainment or it can lead to financial problems. Psychological therapies such as cognitive behaviour therapy, may be useful in helping people overcome gambling addiction and addressing the underlying problem. Financial counselling can also help people to plan their budgets and manage their finances, and some people may find it helpful to attend a support group for gamblers.

People are biologically motivated to seek rewards, and gambling often delivers them. The feel-good chemical dopamine is released when people win bets and gamble, which makes them happier and more content. This is why so many people like to gamble.

While there are obvious benefits to gambling, there are also social costs. For example, when someone downplays their gambling or lies to their loved ones about their behaviour, they can end up doing shameful things in order to try and make up for lost money.

Gambling impacts can be analysed at three levels – costs and benefits, personal and interpersonal, and community/societal. Benefits can include economic development, tourism, and infrastructure cost or value changes, while costs can be personal to gamblers, and affect others in a given area.

Posted in: Gambling