The Dangers of Gambling

Gambling is an important commercial activity worldwide. It was reported that the legal gambling market was worth $335 billion in 2009. Many forms of gambling can be conducted using material of value. For example, a gamer who plays marbles might wager on their favorite color or collectible game pieces. The stakes could even lead to a meta-game regarding the collection of the gamer. A gamer who enjoys playing Magic: The Gathering might stake on a particular card from the game, creating a new meta-game about the collector’s item.


Although gambling is considered to be beneficial to society, it is not always appropriate for all situations. In some cases, the activity can be a novelty that is only enjoyed on occasion or is part of social interaction. In other cases, gambling becomes a major source of stress and can lead to addiction. However, understanding why a person gambles and the reasons for this behaviour may help change their behavior. A person can seek help from a variety of organizations offering counseling or support for those with a gambling problem.

Although it is best to gamble with cash, many major credit card providers will bill the transaction as a cash advance and charge interest from the day of purchase. This can affect a person’s credit history. Additionally, gambling is highly addictive. Those who engage in compulsive gambling often find themselves deep in debt and sometimes even resort to criminal activities. There are numerous reasons that gambling is so addictive. There are several factors that contribute to the dangers of gambling.