Gambling involves risking money or something of value on the outcome of a game that has an element of chance. It can take many forms, from buying a lottery ticket to betting on your favourite sports team. It is a major international commercial activity and a source of substantial tax revenue for governments.

But gambling also causes harm, with problems ranging from financial stress to relationship breakdown and even mental illness. Those who suffer gambling-related harm may find it difficult to recover and can leave a legacy of harm that persists through their lifetime. Developing and implementing evidence-based interventions to prevent gambling-related harm is therefore crucial. These include universal pre-commitment (requiring people who gamble to set binding loss limits) and self-exclusion from gambling providers.

For some, the thrill of winning can be more important than the actual money they win. This is known as the ‘gambler’s fallacy, where people think they are due for a big win and will regain their lost money. It is important to recognise this and not chase your losses.

Taking time away from gambling can have immediate benefits, including building a healthy savings account and improving your budgeting skills. It can also be an opportunity to focus on other leisure activities that provide enjoyment, such as hobbies or sports. If you find it hard to give up gambling, try talking about it with a friend or family member, or consider seeking support from a professional counsellor.