Gambling is sort of like Marmite: people either love it or hate it, but no one can deny that it’s a massive boost to the economy. Some governments are so anti-gambling that they want to make it illegal, while others see the benefits and are keen for a slice of the action. Either way, the industry is here to stay – so it’s best to regulate it and keep it within safe parameters.

It can be difficult to know if gambling is getting out of hand because it is often hidden. A person may hide betting slips or even lie to their family and friends. However, there are also warning signs such as arguing or even threatening suicide when money is lost. If you notice any of these warning signs, it’s important to get help immediately. It’s also important to gamble only with money you can afford to lose and not to use your regular expenses, such as your rent or phone bill. It’s also good to set your own limits in advance, decide how much you will play with and for how long, and never chase your losses.

The psychology behind gambling is complex, but there are some key principles that can be applied to other games. Like many other addictive activities, gambling provides a sense of achievement, and players often feel happier after making winning bets. This feeling is largely caused by the release of feel-good chemicals in the brain.

In addition, gambling can be socially rewarding as it helps players meet new people with similar interests. This can be especially beneficial for those who struggle to socialise and are looking to make new connections. It’s also possible that gambling can improve a player’s intelligence, as some games require careful strategizing and risk management.

The psychiatric community once classified pathological gambling as a compulsion, but in the latest edition of the Diagnostic and Statistical Manual of Mental Disorders (DSM), it has moved to the addictions section alongside other impulse control disorders, such as kleptomania and pyromania. This change reflects the growing understanding that pathological gambling is an actual disorder and should be treated as such.

Although the societal costs of gambling have softened over time, there are still concerns that it’s becoming too prevalent in society and that young people are being exposed to it. It’s important to talk to a therapist if you are having issues with gambling, and to seek support from family and friends. It’s also a good idea to get a financial health check and set up a budget to help you stay in control. You can also speak to StepChange for free debt advice. The most important thing is to get help before things spiral out of control. The sooner you act, the more likely you are to beat the habit. Don’t give up if you slip up, and remember that there are inpatient and residential treatment options for severe gambling addictions if needed.