How to Manage Your Gambling
Gambling involves wagering on a random event, with an expectation of a prize. This can be as simple as betting on a football match or as complex as buying a scratchcard.
It’s a risky way to make money, but gambling can also be a great form of entertainment. It’s important to set boundaries and only gamble with what you can afford to lose.
The best way to manage your gambling is by setting a budget. You should decide how much you want to spend on gambling each week and then stick to it.
If you start to lose more than you expected, stop immediately. You should also never chase your losses – this will usually lead to bigger losses and you could end up wasting more of your hard-earned cash.
Strengthen your support network
If you are struggling with a gambling problem, reach out for help from friends and family. They will be able to support you through this tough time and give you advice on how to deal with the cravings.
Get help for underlying mood disorders
Depression, anxiety, stress, and substance abuse can all trigger a gambling problem. They can also be made worse by compulsive gambling, so it’s important to seek help for these issues as well.
Cognitive-behavioral therapy (CBT) for gambling addiction can help you change unhealthy thoughts, behaviors, and beliefs related to your gambling habits. It can also teach you how to resist temptation and solve financial, work, and relationship problems caused by your addiction.