Gambling involves wagering something of value on an uncertain event. The gambler must consider risk and prize before making a decision. This article will discuss the dangers of gambling and the options available for treatment. You can also learn more about the financial and health costs associated with gambling. However, you should consult a professional before beginning any gambling activity.
Addiction to gambling
Addiction to gambling is a very real problem that can lead to serious financial problems. Those who are addicted to gambling may find themselves unable to pay the bills, or go without electricity and water. They may also neglect medical care for themselves or their children. The money they do have is often spent on gambling, which can cause serious financial strain on the family. Moreover, the spouse of a gambler may become distant, emotionally or physically.
Addiction to gambling causes a person to accumulate huge debts. The average debt of a problem gambler ranges from $40,000 to $70,000. These debts often require problem gamblers to miss work and neglect other responsibilities. This often results in the person going bankrupt and losing their home.
Cost of problem gambling
The cost of problem gambling is a difficult issue to measure. The costs of gambling include the time and resources lost by the problem gambler. For example, an employee with problem gambling may take extended lunch breaks, spend long hours on the phone or online, or take time off to cope with crisis situations. A study conducted in Quebec found that problem gambling among employees costs employers between $5 million and $11 million a year. Another cost is that of lost productivity. A single case study found that an employee earning $30k annually would lose five hours of work a month. The report also found that employers would also lose money due to employee theft and embezzlement to finance problem gambling.
These costs can be divided into direct costs and indirect costs. For example, in Sweden, the cost of problem gambling was estimated to be EUR1419 million in 2018. Direct costs represented EUR184 million of this total, while indirect costs were about eighty percent of the total.
Treatment options for problem gamblers
Problem gamblers can benefit from a variety of treatments. These include group and individual therapy, which can help them stop gambling, identify triggers, and learn healthier coping mechanisms. Self-help support groups are also an essential part of a comprehensive recovery plan. These groups can help the gambler learn new skills and build a community of other problem gamblers.
Behavioral and cognitive therapy can help problem gamblers identify and replace unhealthy beliefs with healthier ones. They may also benefit from family therapy. Medications can also be used to treat problem gambling, including mood stabilizers and antidepressants.