How to Manage Your Gambling


There are plenty of ways to gamble: buying lotto tickets, placing a bet on a horse or sports event, or playing the pokies (machines). Many people gamble at some point in their lives. It’s a fun and social activity that can offer an adrenalin rush when you win. However, it’s important to be aware of the risks and understand how gambling works so you can make informed choices about your gambling.

The negative effects of gambling have been researched, touted and published for decades. In contrast, positive aspects of gambling have received far less attention. This could be because of a perception that there are none or because research is often difficult and time-consuming.

Fortunately, the need for more research into the benefits and costs of gambling is being recognised. There are a number of different methodologies that can be used, including longitudinal studies, which allow researchers to track individuals over long periods of time and observe their behaviours in the context of broader societal changes.

This type of study is particularly valuable because it allows researchers to look at factors that can both moderate and exacerbate gambling behaviour. It can also help to identify coexisting mental health issues.

The most effective way to manage problem gambling is to seek treatment. There are several different treatments for gambling addiction, including cognitive behavioural therapy. This approach focuses on identifying and challenging distorted beliefs that cause problems. These include thinking that you’re more likely to win than you are, believing that certain rituals can bring luck and that you can win back any losses by gambling more.

It is also helpful to avoid gambling when you’re feeling down or depressed. Gambling can be an effective way to self-soothe unpleasant emotions and relieve boredom, but it’s important to find healthier ways to deal with these feelings. For example, you can try exercising, spending time with friends who don’t gamble, or trying new hobbies.

Another good way to manage your gambling is to only gamble with money that you can afford to lose. It’s also a good idea to set money and time limits, and stick to them. It’s a good idea to stop gambling when you reach these limits, even if you’re winning. It’s also a good idea not to chase your losses, as this will usually lead to bigger losses.

Lastly, it’s a good idea to bolster your support network. This can be done by reaching out to friends and family or joining a peer support group such as Gamblers Anonymous, which is based on the 12-step recovery program used by Alcoholics Anonymous. This can help you work through the specific problems caused by your gambling addiction, such as difficulties in your relationships or finances. Alternatively, you can attend family therapy or marriage, career and credit counselling. These services can be a great starting point for changing your behaviours and building a stronger, more sustainable life without gambling.