Gambling is an activity where people bet money on a particular outcome. It is a form of entertainment that can be enjoyed by many people, but can also cause problems when it becomes excessive and addictive. It is a good idea to be aware of the negative effects of gambling so that you can prevent it from becoming an issue for you or your family.
Negative Impacts of Gambling
Gambling has a number of impacts on the health and well-being of gamblers, their significant others, and society in general. Some of these impacts can be measured in monetary terms, such as the costs of treating problem gambling or preventing it, but there are also intangible social costs that cannot be quantified. These impacts include societal real harms, such as the pain and suffering caused by a problem gambler or their significant other; relationship problems; and emotional distress.
Social Costs of Gambling
In the socioeconomic literature, a variety of approaches have been used to study the impacts of gambling. For example, economic cost-benefit analysis (CBA) has been applied, which measures the changes in a person’s well-being in common units of currency such as dollars. However, CBA fails to consider the social effects of gambling, such as intangible costs that can affect individuals and communities.
Other approaches, such as public health evaluations, have been used to assess the effects of gambling on a variety of populations. These have been divided into three classes of impacts: financial, labor and health, and well-being.
While these types of studies have been helpful in evaluating the socioeconomic effects of gambling, there are still limitations. For example, a major concern is that they do not account for the effects of gambling on a person’s social network or intangible costs.
For example, if a problem gambler’s friends and family feel they have been left out of the gambling process or are not being treated fairly, these feelings can lead to stress and anger. This can also lead to depression and other psychological disorders.
The negative effects of gambling can have a major impact on families, relationships, and the economy. If someone you love is struggling with a gambling addiction, it is important to reach out for support. The best way to do this is by involving them in a professional treatment program, such as a drug and alcohol abuse clinic or an inpatient rehab.
You should also encourage them to seek out support from a group of other people who have dealt with their problem. Recovery groups, such as Gamblers Anonymous, are a great place to find support and guidance.
Taking Over Your Gambler’s Financial Situation
One of the most difficult aspects of coping with a loved one’s gambling addiction is managing their finances. It can seem overwhelming to take over the person’s budget and credit card, but it is important for them to stay accountable and not relapse. You can help them to manage their money by ensuring they are not using more than they can afford, making payments on time and keeping a low balance on their cards.