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Risky Business

Many of life's decisions involve certain risk factors and no matter what the situation, the determining principles are generally the same.

If we take the necessary action to protect ourselves from risk, it will decrease the chances of consequences or more serious problems in the future.

This applies to gambling, as well as other "risky" activities, including alcohol consumption. By becoming aware of the risk factors associated with gambling, and taking proper precautions, we form the best defense against developing problems in the future.

Click on risk factor titles that you'd like to learn more about.

Family history of alcohol, drug, gambling, or overspending problems

Studies show that individuals with a family history of alcohol, drug, gambling or overspending problems are at higher risk for developing gambling problems. While the exact relationship is not fully understood, it appears that genetic and social factors, such as modeling effects, are likely involved.

Financial problems

Individuals with financial problems can sometimes become drawn into quick and easy schemes to try and make money.

Having a big win early on

Studies show that many individuals who develop gambling problems have experienced an early big win or feeling as though they've experienced "beginners luck", which does not actually exist. Having an early big win may promote erroneous types of beliefs about the ease and luck of winning.

Stressful life events

It is common for people who are experiencing high levels of stress to look for activities that provide escape, comfort and relief. Gambling activities as well as gaming environments can provide individuals with these experiences; however, the potential risks of gambling to "escape" can outweigh the benefits.

Loneliness

Gambling venues such as casinos can be attractive to individuals who are lonely or isolated because they offer an opportunity to be with people in a safe and exciting environment.

Depression and anxiety

Some forms of gambling, such as playing slot machines or VLTs, can provide "escape" types of experiences, while others, such as horse races, can produce high levels of excitement. Individuals who are experiencing anxiety or depression can be at risk of using gambling to help cope with their difficulties.

Easily bored

The fun and excitement associated with gambling environments can serve as an immediate cure for boredom. Individuals who experience frequent periods of boredom need to be careful that gambling does not become their only means of excitement and entertainment.

Poor understanding of gambling outcomes

Some people believe that there is a pattern or schedule of payouts from gambling. This can lead to increased risk as they may gamble for extended periods of time with the belief that they will eventually win. In fact, payouts from gambling occur randomly and there is no way of predicting when or if you will win.

Poor social support

Some forms of gambling, such as playing slot machines, can provide "escape" or mindlessness types of experiences, and therefore individuals who are lacking in social supports may use gambling to help cope with their problems.