Gambling involves the wagering of something of value (usually money) on an event with an element of chance and the potential to win a larger prize. Many people engage in gambling on a regular basis as a form of entertainment. However, a small percentage of people develop a gambling problem that significantly affects their lives. Gambling is an addictive activity and it can lead to serious psychological, social, and financial problems.

While gambling is considered a fun recreational activity, it can be a dangerous addiction when someone spends more than they can afford to lose or when they begin chasing losses (trying to win back the money that they’ve lost). People with a gambling problem often lie to family members and therapists about their addiction, and they may even commit illegal acts to fund their habit. They may also jeopardize or damage their relationships, careers, education, or employment opportunities in order to fund their gambling activities. According to the American Psychiatric Association, pathological gamblers have both healthy and unhealthy motives for continuing to play.

If you’re thinking about gambling, try to limit your gambling to disposable income only and not money that you need for other purposes. Make a commitment to yourself to never gamble with more than you’re willing to lose and be prepared to walk away when the time is up. Also, remember to always tip the dealers and cocktail waitresses. They don’t get paid in cash but with chips, and it’s a great way to show appreciation for their service.