Gambling involves placing something of value on an event that relies primarily on chance, in the hope of winning something else of value. The activity has been a part of almost every society since prerecorded history, and it is often incorporated into local customs and rites of passage. The activity is not a popular pastime for all people, however, and many experience problems related to gambling. Some of these problems include a loss of personal wealth, family or job, and an increase in depression or anxiety. In some cases, gamblers have even resorted to suicide.

The underlying mood disorders that cause problem gambling can also be a contributing factor to other health issues such as drug or alcohol abuse. If a loved one is struggling with a gambling addiction, it may be helpful to seek professional help from a trained gambling counselor or intensive treatment program. Depending on the severity of the problem, it may be beneficial to set boundaries in managing money and to review bank and credit card statements.

If someone has difficulty controlling their gambling habits, they may secretly gamble or lie about how much they are spending. They might also be compelled to continue gambling, despite losses, in an attempt to win back their previous profits (chasing their losses). Gambling can also harm relationships and a person’s performance at work or study, and it can lead to bankruptcy and homelessness. Gambling creates a wide range of impacts that can be observed at the individual, interpersonal and community/society levels.