Problem Gambling
Gambling is when you stake something of value (money or other assets) on a random event, like a football game, scratchcard or fruit machine, with the hope of winning something else of value. This can be done in a variety of places, including casinos, on the internet or by betting with friends. Gambling is a form of entertainment, but for some people it can become an addiction that has serious consequences.
When gambling becomes problematic, it is not just about losing money but can also cause harm to health and relationships. In some cases, it can damage the physical and mental wellbeing of a person, affect their work or study performance and even lead to bankruptcy and homelessness. It can also have a negative impact on family, friends and neighbours.
Problematic gambling can have many different causes, from genetics and family history to stress and depression. However, it can be helped with the right support and therapy. Often the biggest hurdle to overcome is admitting there is a problem, and asking for help. There are many options for treatment, from self-help support groups to face-to-face individual and group therapy. There are also phone and online counselling services.
Getting support is easier than you might think. There is a network of organisations across the UK that offer support to anyone concerned about their gambling. You can find a local support service in your area by visiting the NHS Choices website or calling the helpline on 0800 024 6000.
Gambling companies are businesses that provide a service to their customers, and like any business they need to generate sufficient revenue to pay their staff and cover their overheads. In order to do this they need big cheques and margins, which means that they must attract large numbers of gamblers every year.
The way they achieve this is by offering better odds than other competing gambling operators, or by increasing their turnover. Increasing their turnover is often achieved by reducing their margins, which can be difficult for small independent operators. However, the larger global companies can afford to operate on smaller margins in order to compete with each other and attract new customers. Despite these benefits, the introduction of gambling has had negative impacts on small and medium-sized enterprises.