Gambling is a risky activity that involves the risking of something of value for the potential to gain something else of greater value. It can take the form of billiards, bingo, casino games, card games, sports betting, lottery and online gambling. Whether gambling is conducted with money, goods or services, or other things of value like collectible game pieces (such as marbles and non-sport trading cards), it is often accompanied by the social and psychological thrill that comes from competition against others.

For many people, especially those living in socially disadvantaged circumstances, gambling provides an opportunity to escape the daily grind, to enjoy the excitement of winning and the social and psychological buzz that comes from engaging with others. It can also provide a sense of control in a world that sometimes feels uncontrollable, by setting the time to play, how much to wager and when to stop.

However, the risks of gambling are higher for those with low incomes, whose wins rarely compensate for losses. Gambling can cause harm at the individual, interpersonal and community/society levels. For example, gamblers’ increased debt and financial strain affects family members and can escalate into bankruptcy and homelessness. Individuals seeking treatment for gambling addiction can benefit from cognitive-behavioral therapy to help them identify harmful gambling behaviors and thoughts. They can also benefit from long-term, regular support from a therapist who helps them build healthier coping strategies. They may also benefit from having a support network of other affected individuals who can help them through difficult times.