How to Manage Your Gambling

Gambling is an activity in which people put their money or other belongings at risk. It can be fun and exhilarating, but it can also be harmful.

The reasons why people gamble vary – some want to relax, while others may be looking for a way to distract themselves from problems. They may have a goal in mind such as winning a big jackpot or social rewards (ibid).

You can manage your gambling by creating boundaries that allow you to enjoy gambling without it becoming a problem. Decide ahead of time how much you can afford to lose and stick to that amount.

Use a budget to track how much you spend and when. This will help you to know when it’s time to stop gambling and not overspend.

Avoid the “gambler’s fallacy”

Often, gamblers believe that they will be able to win back their money if they just play a little longer. This is a mistake, and can lead to a lot of money lost.

Be aware that gambling can have negative effects on your health, relationships and work or study performance. It can also make you vulnerable to debt and homelessness.

If you think you might be gambling too much, seek help from a trained professional. There are services that specialise in helping people with problem gambling and their families.

Rebuild your life after gambling:

The first step to overcoming a gambling addiction is to recognise that you have a problem and that it is damaging your life. Then, look for ways to change your behaviour and rebuild your life. It is possible to live a happy and fulfilling life after gambling, as long as you seek support.