Gambling is a form of recreational activity that involves risking money or something of value in a game of chance. People gamble in many ways, including playing a slot machine or placing a bet on a horse race. Gambling can have positive and negative impacts on a person’s health, relationships with others, and quality of life. These impacts are generally assessed using a combination of monetary and non-monetary measures. Most gambling impacts occur at the personal and interpersonal level and affect those close to the gambler, including family members. However, external costs can also be incurred by society/community at large. These include general costs of gambling, costs related to problem gambling and long-term costs.

While some research has focused on the negative effects of gambling, other studies have identified a number of positive benefits. For example, older adults who gamble often report improved physical and mental health. Moreover, recreational gambling can provide an opportunity to socialize with friends in a pleasant setting. It can also serve as a source of income for some people and increase tourism in cities where gambling is legal.

Despite these positive aspects, many individuals experience problems related to gambling. These problems can be very serious and have a major impact on an individual’s life, especially if they are a compulsive gambler. A compulsive gambler will repeatedly attempt to control their gambling through self-denial, and they may lie to family members or therapists about their problem. In addition, they are likely to lose jobs, educational or career opportunities due to their gambling problems. Lastly, they may even resort to illegal activities in order to fund their habit.

As a result of these issues, it is important to address gambling in a holistic way. This means addressing all of the issues that could impact a gambler or a person close to them, such as: