While gambling is a fun way to pass time and may give you a rush of excitement, it’s important to remember that all forms of gambling are risky. Whether it’s lottery tickets, cards, slots, instant scratch tickets, horse races, animal tracks, sports events or dice, you are placing something of value at risk for the possibility of winning a prize.

Most people enjoy gambling and use it as an entertaining diversion, but a small percentage become too involved and incur debts that affect their personal, family and financial lives. The total amount of money legally wagered on gambling activities worldwide is estimated to be more than $10 trillion.

Some gamblers develop gambling addictions, characterized by a number of signs and symptoms including: (1) lying to family members or therapists about the extent of their involvement with gambling; (2) trying to get even after losing money (chasing losses); (3) putting other financial responsibilities on hold in order to gamble; and (4) jeopardizing or losing a job or educational opportunity because of gambling. (American Psychiatric Association 2000)

If you are struggling with a gambling problem, the Food and Drug Administration does not yet approve any medications to help manage it. However, several types of psychotherapy can be helpful for addressing unhealthy emotions, thoughts and behaviors associated with gambling. For example, cognitive behavioral therapy can teach you skills to deal with stress and learn healthier ways of spending your free time. These techniques are taught by trained mental health professionals, such as psychologists and clinical social workers.