The Dangers of Gambling
Gambling is a risky activity where people invest money or material valuables on an outcome that is determined at least partly by chance, such as the roll of a dice, the spin of a roulette wheel, or the results of a horse race. People who gamble can win money or other items of value, but they can also lose their investments and can become bankrupt. Gambling harms include financial stress, relationship breakdown, family violence, mental illness and even suicide. Moreover, the effects of gambling can last a lifetime and are often transmitted intergenerationally. It is important to understand what gambling is, how it works and the risks involved in order to help prevent and treat problem gambling.
The Bible teaches that greed is idolatry, and the Apostle Paul warns that “you cannot serve God and mammon” (Matthew 6:24). Sadly, many of us struggle with temptations to gamble, and as gambling becomes increasingly accessible via mobile devices it can be more difficult to control our addiction.
Gambling can damage our health, erode relationships, interfere with our performance at work or studies and even lead to homelessness and suicide. It can have an especially significant impact on vulnerable groups, including young people and the poor, who are more likely to be exposed to new forms of gambling such as sports betting and video games. It can also be harmful for the wider community as it diverts household spending from essential goods and services.
Researchers are trying to understand what makes some people more susceptible to developing problems with gambling. Several factors seem to contribute, such as the size of an early big win, boredom susceptibility, impulsivity and the use of escape coping. It’s also important to recognise that gambling is a form of reward-seeking, and can become addictive as we search for the next big thing.
When you’re planning a trip to a casino, set a fixed amount of money that you’re prepared to spend and stick to it. Don’t forget to tip your casino staff, especially cocktail waitresses, who are working hard to keep you hydrated and having fun. Don’t fall for the myth that you can win back your lost money by chasing your losses – this is called the gambler’s fallacy, and it’s not true. In fact, chasing your losses will almost always cost you more in the long run. Lastly, never gamble with your credit card; only use cash or debit cards. Then, you won’t be tempted to try to recover your losses by spending more money. If you’re losing more than you can afford to lose, it’s time to walk away.