Gambling is an activity where you bet something of value on an event that is based partly on chance. It can take many forms, including betting on sports, horse races and lotteries. It can also involve playing casino games, online gambling and betting on fantasy sports teams.

It can be a fun pastime but it can also be risky and addictive. It is important to know the signs and symptoms of gambling addiction so you can seek help before it gets out of control.

Your friends and family may feel neglected if your gambling becomes an obsession. You might lie or break promises, and you might miss events and activities that you previously planned. Alternatively, you might hide your gambling activity and spend time at the casino in secret.

You might become obsessed with winning and start thinking that you’re due for a big win at any moment. This is known as the “gambler’s fallacy” and it’s a dangerous thought pattern that can lead to financial disaster. It is important to remember that gambling is not a way to make money. It is a form of entertainment and should never be considered a reliable source of income.

When you gamble, it is important to set a limit and stick to it. If you are spending more than you can afford to lose, stop immediately and find another activity. Avoid using credit cards or other high-risk methods of funding your gambling. You should also be sure to set boundaries for yourself and not think that you’re going to get lucky and recoup your losses.