Gambling involves risking money or something of value on an event with a chance of winning or losing. It may take place at casinos, race tracks, online or in other social settings. People gamble for a variety of reasons, including for fun, to relieve boredom, or to make money. For many people gambling is not a problem, but for some it can become addictive and have serious negative effects on their physical and mental health, relationships, work or study performance, credit ratings, personal wealth and even their lives.
The gambling industry promotes the idea that you can be a big winner with small investments. This is a lie! Gambling is not the only way to win large sums of money – there are many other ways. However, these other methods of accumulating wealth require hard work, commitment and self-discipline. They also involve a lot of responsibility and often result in significant debts. In many cases debts accumulate more quickly than expected and if you are not careful your finances can rapidly spiral out of control. In the worst case, gambling can lead to bankruptcy, homelessness and even suicide.
Research into the psychology of pathological gambling has shown that when it comes to addictive behaviours, there are many warning signs. The American Psychiatric Association’s Diagnostic and Statistical Manual of Mental Disorders, the book that psychologists use to diagnose psychological disorders, lists 10 warning signs of compulsive gambling.
These warnings include lying, making false promises, missing events, spending more and more time gambling, becoming irritable or aggressive when you are not gambling, losing interest in friends and family, borrowing or stealing to fund gambling, and a decline in your performance at work or school, and in your personal life. The problem with these signs is that they are easy to ignore if you are involved in a gambling addiction.
A more recent study that strays from traditional economic analysis studies has attempted to quantify, for the first time, intangible benefits and costs associated with gambling. Unlike costs, which can be easily measured and quantified in dollar terms, intangible benefits are more difficult to measure. However, they are still important and, in some cases, can be substantial.
The intangible benefits of gambling are mainly social, such as increased community cohesion and leisure activities. Other social benefits include reduced criminality and increased social capital. There are also a number of environmental benefits, such as the preservation of wetland habitats, and increased tourist revenue.
The Bible warns against greed and covetousness, both of which are often seen in compulsive gambling. It also tells us not to worship idols (Colossians 3:5). Gambling appeals to a person’s desire for riches and glory, which is idolatry. It breaches the 1st, 2nd and 10th commandments because it enthrones personal desires in the place of God. As with alcohol and drug addiction, compulsive gambling leads to a loss of control and is therefore inherently addictive. It exploits a person’s vulnerability to temptation and plays on their weaknesses.