Gambling involves betting money or other valuables on an event that is uncertain in nature, and whose outcome depends on chance or skill. This activity has both positive and negative impacts for gamblers, their significant others, and the society/community. It is important to understand the impact of gambling so that researchers and policy makers can create appropriate regulations for minimizing costs and maximizing benefits.
The negative impact of gambling includes financial, personal, and health and well-being issues. These negative impacts have been observed at the individual, interpersonal, and community/society levels (Fig. 1). The personal and interpersonal effects affect gamblers and their significant others, while the external effects involve people who are not gamblers. For example, gamblers’ increased debt and financial strain may affect their family members, and the effects of escalating into bankruptcy and homelessness are observed at the community level.
Some positive effects of gambling include socialization and entertainment. For instance, many people enjoy group activities like blackjack or poker with friends in a private setting. In addition, gambling can be a way for people to relax and escape their problems. However, it is important to remember that gambling should not be a substitute for happiness or as a means to solve other problems. In addition, it is important to gamble responsibly and only with money that you can afford to lose. If you have a problem with gambling, seek help from a therapist or counselor. In addition, avoid risky gambling habits such as taking out credit cards or carrying large amounts of cash. Also, be sure to tip casino staff regularly.