Gambling is an activity where someone risks something of value (money, property or possessions) on the outcome of a contest of chance or a future contingent event not under the actor’s control or influence. This can include playing card games, table games, fruit machines, slot machines and betting on horse and greyhound races, football accumulators or elections. It can also involve speculating on business, insurance or the stock market.

The act of gambling can be a source of great enjoyment, excitement and entertainment for many people. However, for some it can become a serious problem. It can harm a person’s physical health, their performance at work or school, their relationships with family and friends, cause financial problems and even lead to homelessness.

Some people may have a genetic predisposition to thrill-seeking behaviours and impulsivity. These factors can contribute to developing a gambling addiction. In addition, some communities consider gambling to be a normal pastime, making it difficult to recognize a problem.

If you are concerned about a loved one’s gambling, encourage them to seek help. It is important to remember that they did not choose to develop a gambling addiction, but that they can take steps to recover and rebuild their lives. They should also try to find other healthy ways to relieve boredom and unpleasant emotions, such as exercising, spending time with friends who do not gamble, or practicing relaxation techniques. It is also important to set boundaries in managing the family’s money and credit, as well as seeking professional support, such as family therapy or specialised marriage, career or debt counselling.