Gambling is the wagering of something of value on a random event with the intent to win something else of value. Instances of strategy are discounted, and the stakes can be anything from money to marbles or collectible game pieces. In some cases, such as the stock market or life insurance policies, gambling takes place with materials that have a monetary value but are not money (for example, the premiums paid to buy a policy).
The first step in overcoming a problem with gambling is acknowledging that there is one. For many people, this is a hard step, particularly if they have lost substantial amounts of money or strained family relationships because of their gambling. Nevertheless, there is help available for people struggling with a gambling addiction. Several types of counseling are effective for treating gambling disorders, including psychodynamic therapy and group therapy. There are also a number of support groups, such as Gamblers Anonymous, that provide peer support for those with gambling problems. Medications are rarely used to treat gambling disorders, but some may be helpful for addressing co-occurring conditions, such as depression or anxiety.
It’s important to set limits when gambling, both financially and in terms of time spent on the activity. For example, if you’re playing a video poker machine or blackjack table, you can set a timer for yourself to remind you to take a break and return to the game when you’ve reached your limit. You should also avoid gambling with credit and don’t gamble while you’re depressed or upset. It’s easy to make bad decisions when you’re under these circumstances.
Taking up an activity that provides a different kind of reward, such as physical exercise or spending time with friends and family, can help reduce the urge to gamble. In addition, it’s a good idea to never chase your losses; the more you try to recover from a losing streak, the more likely you are to lose even more money.
If you have a loved one with a gambling disorder, reach out for support and attend a family counseling session. This type of therapy can teach you how to communicate with your loved one in a healthy way, and it will also help you understand that they do not choose to gamble for fun; they do so for coping reasons, such as to forget their worries or to feel more self-confident. Having the knowledge that so many others have struggled with this issue can help you be patient and understanding.