Gambling is an activity in which a person stakes something of value (such as money or property) on a random event with the expectation of winning a prize. It is a common form of entertainment that occurs in a variety of settings, including casinos, horse races, television shows, and the Internet. People gamble for many reasons, from social to financial. For example, friends often place bets on sports games or reality TV shows during social gatherings, and coworkers may participate in office betting pools for a chance to win cash or prizes.

Some researchers have argued that gambling is an addiction, but this view has received little empirical support. Instead, most psychologists and other treatment care clinicians and public policy makers agree that pathological gambling is a serious disorder that requires professional intervention and may be treated with behavioral therapy.

There are several effective treatments for gambling addiction, including family therapy and individual counseling. In addition, many individuals with gambling problems benefit from addressing underlying mood disorders such as depression or anxiety, which can trigger and worsen problem behaviors.

If you’re concerned about a loved one who is struggling with a gambling problem, you can help by encouraging them to seek treatment and setting clear boundaries about money management. You can also help by strengthening your own support network and participating in a peer recovery program such as Gamblers Anonymous, which is modeled after Alcoholics Anonymous. In some cases, inpatient or residential gambling treatment programs are appropriate for individuals with severe gambling addictions that can’t be successfully managed without round-the-clock treatment and rehabilitation.