Problem gambling has been associated with many psychological problems and is often highly profitable. It also can relieve boredom and is associated with suicidal thoughts. Here are some of the signs that someone is suffering from gambling addiction:
Problem gambling causes mental health problems
Gamblers are at a higher risk for developing mental health problems, and two out of three people report suffering from these issues due to their excessive gambling. They may develop mood disorders, anxiety, or personality disorders, or may spend a large portion of their savings on gambling. Sometimes, they cash in their retirement or college funds and take out additional credit cards, exacerbated by their gambling addiction. These individuals may feel hopeless, depressed, or overwhelmed.
It is profitable
While gambling is an exciting and fun way to pass the time, it can also be quite risky if you are not careful. If you are considering gambling as a way to make money, here are some tips that you can follow to get the best results. First, stay in control of your emotions and stick to a plan. This will ensure that you don’t overspend and end up losing more money than you would have expected.
It relieves boredom
Some people gamble to relieve boredom or stress, provide thrills, or build comradery, and it is a widely accepted social activity. However, there are risks associated with gambling. According to a 2017 GAO report, 514 members of the active-duty military were diagnosed with gambling addiction, and the National Council On Problem Gambling estimates that over 50,000 are currently suffering from some form of gambling-related disorder.
It is associated with suicidal thoughts
Although there is no solid evidence to prove that gambling is a major cause of suicidal thoughts, a recent study by the British charity GambleAware suggests that it might contribute to the risk. In fact, problem gamblers are up to six times more likely to have suicidal thoughts than non-gamblers. Furthermore, the risk remained elevated even after accounting for other risk factors such as depression, substance abuse, and financial problems.
It can be treated
Various treatment options are available for problem gamblers, including behavior therapy, medication, and even lifestyle changes. Moreover, gambling is often a symptom of a more serious underlying illness, such as bipolar disorder or depression. Besides, problem gamblers may benefit from cognitive-behavioral therapy, which focuses on changing unhealthy gambling thoughts and behaviors. In addition, the therapy may also help to address depression and poor impulse control.