Gambling is an activity in which a person stakes something of value, such as money or possessions, on the outcome of a game, contest or uncertain event. It is an addictive activity and can have a negative impact on one’s life in a number of ways. Gambling is a major global commercial activity, and people from all socioeconomic backgrounds engage in it to some degree. It has both positive and negative impacts on the economy, depending on how it is managed.

For some people, gambling can become harmful when it takes over their lives and leads to financial, social and mental harm. Common signs of gambling harm include feelings of guilt and shame, attempts to win back losses, hiding gambling or lying about it and changes in sleeping patterns. In extreme cases, individuals might self-harm or have suicidal thoughts. It is important to seek help as soon as possible. You can do this by talking to your GP or NHS support services, or by contacting the Samaritans.

There are many things that can help with a gambling addiction. One way is to get professional help, which may involve behavioural therapy or cognitive behavioural therapy (CBT). These techniques can help you change your thought patterns and remove the urge to gamble. They also teach you to identify and avoid triggers, such as certain people or places. You can also try to reduce your financial risk by leaving credit cards and nonessential cash at home and avoiding gambling venues or online gambling sites.

Another way to help with a gambling addiction is to take up a new hobby or activity. Hobbies such as knitting, painting or dancing can help you to focus your attention on something other than gambling. Moreover, they can help to reduce stress and boost mood, which will aid your recovery from a gambling addiction.

Individuals who have a gambling problem often experience negative social consequences, including loss of friends and family members and legal problems. They might even suffer from poor personal health and have trouble maintaining relationships. People who are addicted to gambling often prioritise their habits over the well-being of their loved ones, which can cause long-lasting damage.

The social consequences of gambling can be particularly severe for people on low incomes. They tend to spend a larger percentage of their income on gambling, and are more likely to experience problems. These effects can be exacerbated by the fact that gambling is less socially acceptable than other forms of entertainment, such as watching television or playing video games. In addition, some gamblers turn to illegal activities to supplement their gambling habit. These activities can include drugs and alcohol use, which are linked to an increased risk of gambling addiction.