Gambling and Compulsive Gambling Disorder
Gambling is a risky activity in which you wager something of value (money, property or time) on an event with uncertain outcomes. It can be as simple as betting on a horse race or casino game, or it can be more complex, such as sports betting, online poker and lottery games. While many people gamble responsibly, some struggle with compulsive gambling disorder. Symptoms of this condition can include secretive behavior, spending more than you can afford and chasing losses in the hopes of winning back lost money. If you have a gambling problem, it is important to seek treatment as soon as possible.
There are a number of things you can do to reduce your gambling behavior and get help for it. Start by strengthening your support network, removing triggers from your environment and reducing access to money. For example, close your casino accounts and credit cards, set up automatic payments with your bank, give a family member or friend control over your finances, remove gambling apps from your phone, and stop carrying large amounts of cash on you.
Another step is to seek out a peer support group, such as Gamblers Anonymous, which is based on the 12-step recovery program for alcoholism. A key part of this type of treatment is finding a sponsor, a former gambler who has experience overcoming addiction and can offer guidance. You can also try meditation and exercise, which has been shown to improve mood and decrease gambling urges. If necessary, you can seek inpatient or residential treatment and rehab programs for severe compulsive gambling problems.
Understanding how gambling works is crucial to staying in control of your gambling habits. When you place a bet, the odds are in the favor of the house, which is usually a bookmaker or casino. These odds can be predetermined, like in roulette when you’re paid 35-to-1 on a 37-number wheel, or they can be fluctuating, as in the case of blackjack where your odds are determined by the dealer.
If you’re tempted to gamble, remember that the odds are against you. Think about the money you’re risking, and if you do win, treat it as a bonus instead of your only source of income. Don’t chase your losses, thinking you are due for a big payout – this is known as the gambler’s fallacy and almost always leads to more losses. Avoid betting when you’re angry, sad, depressed or bored, and don’t play when you’re drinking or using drugs. Finally, make sure to schedule regular activities and social engagements to replace the void that gambling can fill. This will help you stay focused and less impulsive when it comes to financial decisions.
