Gambling involves betting something of value (money, goods, services) on an uncertain event with the hope of gaining something of equal value. It is an activity often associated with risk, and it can be addictive. It also leads to negative external impacts that can affect a person’s personal, family and societal well-being. These impacts can be divided into three classes: financial, labor, and health and well-being. Financial impacts include changes in a gambler’s finances, and they can have long-term effects that can span generations. Labor impacts include gambling-related job loss and gains, as well as changes in a gambler’s work performance. Health and well-being impacts can include a gambler’s physical, psychological, and social wellbeing.
Another negative impact of gambling is that it can lead to other substance use and health problems. People with a gambling disorder are more likely to smoke tobacco and drink alcohol excessively. They are also less likely to exercise and eat a balanced diet. In addition, gambling has been linked to mental health disorders such as anxiety and depression.
There are many ways to help a loved one overcome compulsive gambling. For example, you can encourage them to set boundaries in managing their money; take control of family finances; and review bank and credit card statements. You can also encourage them to seek help through a certified gambling counselor or intensive treatment program in their area. Additionally, it is important for them to find other healthier and more productive ways to relieve unpleasant feelings, such as exercising, spending time with non-gambling friends, taking up a new hobby, or practicing relaxation techniques.