Gambling is defined as risking something of value on an activity or event in which the outcome is uncertain in hopes of winning something of material value. It is the playing of a game of chance for stakes. Common forms of gambling include horse and dog racetrack betting, off-track betting, lotteries, casino games, bingo, bookmaking (betting on sports or special events), Internet gambling, and stock market trading.
For something to be a gamble, it needs to have the 3 R’s: Risk, Reward, and Random.
- Something must be at risk, or something we lose if the game doesn’t go our way. This can include money and belongings.
- There must be a reward, or something to gain if we win. This can also include money and belongings.
- There must be some degree of randomness. Everything involves random chance. The more randomness involved, the more likely it is to be a gamble instead of a game.
For most people, gambling is a recreational activity. However, for an estimated three to five percent of the population, gambling becomes an easily “hidden” problem. The inability to stop gambling or to control compulsive behaviors can be devastating for problematic and compulsive gamblers and their families.
If you or someone in your life may be a problem gambler, Chestnut Health Systems™ can help. We offer assessment in a safe environment for gambling disorder, counseling, help in developing a support system, and support in addressing legal and financial issues.
For more information, please call us at 618.877.4420.