Gambling is the wagering of something of value on an event that is based on chance, with the intent of winning something else of value. This could be money, or other goods such as meals, drinks, entertainment or travel tickets. Whether playing at home or in a casino, there is a sense of anticipation as you wait to see if Lady Luck has your back. There are often also feelings of elation when the odds are favourable and your winning bet pays off.
While there are many negative effects of gambling, it can be a fun pastime when done in moderation and in a social setting with friends. It has also been shown to promote socialization and can help with mental development, particularly for older adults. In fact, senior recreational gamblers were found to have better self-concepts than non-gamblers.
The social and psychological effects of gambling can impact people on a personal, interpersonal and community/society level (Fig. 1). These impacts can have long-term consequences and can change an individual’s life course, including the effect on family members, friends and coworkers. Some of these impacts, such as escalating debt and financial strain, can affect the entire community and even lead to bankruptcy and homelessness.
If you or someone you know has a problem with gambling, it’s important to seek help. You can find free and confidential debt advice at StepChange, or speak to a trusted friend who is a supporter of your recovery. It is also important to strengthen your support network and try to find activities that take the place of gambling, such as socializing with friends, joining a sports team or book club, taking up an education class or volunteering for a cause you believe in.