The act of betting something of value on an uncertain event that is determined at least in part by chance. This may include placing bets on the outcome of a game or contest, such as a football match or scratchcard. It also includes taking risks in the purchase of insurance (though insurance is regulated to ensure that premiums reflect long term positive expected returns, as opposed to gambling where the bets are made with the intention of winning).

A common misconception about gambling is that it is purely a pursuit of money. However, in my experience working in gambling addiction treatment and prevention, I have found that there are many other factors that contribute to the development of a problem gambler. These include the use of gambling as a form of escapism, as a source of thrill or excitement, and in some cases to fulfil an unmet basic human need such as the need for belonging. Gambling can cause a lot of harm to individuals and their relationships, as well as affecting the financial situation of the person involved.

People gamble for a variety of reasons, from enjoying the rush and social connection of the activity to trying to change their lives for the better by winning big sums of money. They may hide their gambling from others or lie about it, and they may feel compelled to continue even when their actions are damaging their health, wellbeing or finances. In some cases, their behaviour has led to legal problems, serious debt, and homelessness.

The most common sign of a gambling problem is an inability to control one’s impulses and a persistent desire to gamble, regardless of the consequences. Other signs are frequent and large losses, lying about how much is being spent or lost, hiding money or assets, and making excuses to justify gambling. If left unchecked, this type of problem can lead to severe debt and bankruptcy, and it can affect relationships with family, friends and colleagues.

Gambling addiction can also be a sign of an underlying mental illness such as depression, bipolar disorder or post-traumatic stress disorder. For this reason, it is important for those suffering from these conditions to seek medical assistance and support.

Gambling addiction is treated just like any other substance or behaviour addiction. It can be helped by a combination of therapy and self-help, such as getting support from family or friends, attending a gambling support group and learning coping strategies. In severe cases, residential or inpatient treatment programs are available for those who need round-the-clock care. Other options include family therapy and marriage, career and credit counseling. These can help you work through the issues that have been caused by problematic gambling and lay the foundations for a healthier lifestyle in the future.