What is Gambling?
Gambling is when you risk something of value – money, for example – on an event which is determined by chance. It can include playing the lottery, betting on a football match or buying scratchcards.
Choosing what to bet on is the first part of gambling – whether it’s a team to win a match or a scratchcard, your choice will be matched to ‘odds’, which set how much money you could win. If you choose correctly you will win money, if you lose the money you bet will be returned to you.
The odds of winning at gambling are not always obvious – for example, you may find it hard to work out what the house edge is on a game like blackjack. This is because the house has a significant advantage over the player and will try to use this advantage to increase its profits.
It’s important to remember that all forms of gambling are inherently risky, so it’s best to avoid them if you can. It’s also a good idea to take breaks from gambling and don’t let gambling become your only form of entertainment.
Stopping gambling is not an easy thing to do, but it can be done with a little help from your family and friends. Practicing relaxation exercises can help you overcome gambling cravings and distract yourself from temptations to gamble when you feel the urge.
Gambling problems are more common in men than women and are more likely to occur during childhood or adolescence, but they can affect anyone at any age. If you or someone you know has a problem with gambling, it’s important to seek treatment.