Gambling is an activity in which a person wagers a value on an uncertain event. The risk involved and the prize at stake are factors to consider when gambling. In many cases, gambling can be a serious problem. For many, it may not even be noticeable and may lead to other problems. Here are some common signs of gambling addiction and how to spot it. Read on to find out more. Also, read on to learn more about the dangers and rewards of gambling.

Problem gambling

The prevalence of problem gambling increases with age, and it has been observed that young people who gamble are more likely to experience higher levels of anxiety and depression. Problem gamblers also report less engagement in school and engage in activities associated with higher risk. Unfortunately, it is difficult to pinpoint the underlying cause of this behavior. Researchers have identified a number of risk factors for problem gambling in adults, including:

Pathological gambling

The consequences of pathological gambling are devastating. For a senior person, a large gambling debt can easily eat up their life savings. Younger gamblers may be able to stabilize their debt. Regardless of the ramifications of pathological gambling, early treatment is essential to avoid devastating financial consequences. Several risk factors contribute to pathological gambling, including developmental stress, drug addiction, and age. However, most gamblers are male.

Addiction to gambling

Addiction to gambling is not a simple condition to cure. Gamblers are often in denial and feel they cannot stop the behavior themselves. Compulsive behavior is often justified as a way to deal with psychological discomfort, but this is not the case when the behavior is caused by gambling addiction. Problem gamblers rationalize their actions and keep betting in order to keep up with the excitement they experience. This is a natural response to psychological discomfort.

Cost of problem gambling

A new report by the Victorian Competition and Efficiency Commission estimates that the social and economic costs of problem gambling are between $1.5 and $2.7 billion per year. While problem gamblers make up a small proportion of the population, the cost to their family is considerable. In addition to the financial loss, problem gamblers also face a high risk of relationship breakdowns and family violence. In addition to the social costs, the study found that there are a number of indirect costs associated with problem gambling.

Recovering from problem gambling

Recovery from problem gambling requires lifestyle changes. In addition to eliminating all triggers to gambling, it requires avoiding triggering situations. The website KnowTheOdds has advice for coping with negative reactions to gambling and tips for teaching others about gambling addiction. Adam, who grew up in Western Sydney, was recently affected by his family’s problem gambling. He sought help, and now has a new found sense of hope and self-worth.