Gambling is a risk-taking activity that involves placing something of value (like money) on an outcome that is based on chance and cannot be controlled or influenced by the gambler. It can be done in many ways including lotteries, sports betting, casino games and scratchcards.

People may gamble as a way to be social with friends and family, to relax after a stressful day or to relieve boredom. The media promotes gambling as fun, sexy and glamorous; for some it can be an escape from their problems and a chance to be surrounded by other people and sights and sounds. For some individuals it can become a problem when they start to lose control.

It is important to understand that while gambling can provide some benefits it can also have negative impacts on people and society. These can include financial, labor and health and well-being. Impacts can occur on personal, interpersonal and societal/community levels (Fig. 1). Personal and interpersonal level effects are mainly nonmonetary, while societal/community level externalities are mostly monetary.

Whether you are playing a lottery or betting on the next big football game, all gambling involves taking a chance on an uncertain outcome. But there are ways you can reduce your risks and keep it fun. Firstly, make sure you only play with the money you can afford to lose, not the money you need for bills and food. Also, create some boundaries for yourself – stick to the time limits you set, and don’t spend more than you can afford to win. Finally, learn healthier ways to cope with unpleasant emotions and feelings such as exercise, spending time with friends who don’t gamble, or trying relaxation techniques.