When we hear about gambling, it’s easy to think of the negative consequences: addiction, gambling harm, and even suicide. But while there are risks associated with gambling, it can also have positive effects, such as reducing stress and improving mood. The key to a successful gamble is knowing your limits and being aware of the risk factors.

For most people, gambling is just a harmless pastime. But for some, it can become a serious problem that interferes with everyday life and causes distress or impairment. This is a condition known as pathological gambling, and it is defined in the Diagnostic and Statistical Manual of Mental Disorders (or DSM) as a chronic, compulsive, and recurrent pattern of gambling that results in significant distress or impairment.

Those at greater risk for developing a gambling problem include men, people who start gambling as children or young adults, and those with preexisting mental health conditions such as anxiety and depression. Genetics may play a role, as do predisposed personality traits such as impulsivity and sensation-seeking behaviour.

Gambling venues are also social spaces that bring together people from different backgrounds over a common interest. This can be especially beneficial for people who struggle with loneliness, such as older adults or those living with limited mobility or social networks. It’s not unusual to see players celebrate each other’s wins or share tips.

Gambling is a popular activity worldwide, and it can bring social and economic benefits for individuals and societies. However, it’s important to understand the risks and warning signs of problem gambling. Those with a gambling problem can benefit from treatment, which includes universal pre-commitment, self-exclusion and other tools that help people to reduce time and money spent on gambling.