Learn The Facts: Gambling
Gambling
More than 1,000,000 people in Illinois have or are at risk of problem gambling.
Gambling is defined as risking something of value on an activity or event in which the outcome is uncertain in hopes of winning something of material value. It is the playing of a game of chance for stakes. Common forms of gambling include horse and dog racetrack betting, off-track betting, lotteries, casino games, bingo, bookmaking (betting on sports or special events), Internet gambling, and stock market trading.
For something to be a gamble, it needs to have the 3 R’s: Risk, Reward, and Random.
- Something must be at risk, or something we lose if the game doesn’t go our way. This can include money and belongings.
- There must be a reward, or something to gain if we win. This can also include money and belongings.
- There must be some degree of randomness. Everything involves random chance. The more randomness involved, the more likely it is to be a gamble instead of a game.
For most people, gambling is a recreational activity. However, for an estimated three to five percent of the population, gambling becomes an easily “hidden” problem. The inability to stop gambling or to control compulsive behaviors can be devastating for problematic and compulsive gamblers and their families.
If you or someone in your life may be a problem gambler, Chestnut Health Systems™ can help. We offer assessment in a safe environment for gambling disorder, counseling, help in developing a support system, and support in addressing legal and financial issues.
For more information, please call us at 618.877.4420.
Types of Gambling
Gambling involves placing money on a game or an event where the result is unknown and uncertain.
Gambling is risking something of value on an activity or event in which the outcome is uncertain in hopes of winning something of material value.
There are two main categories of gambling – chance-based and skill-based.
Chance
Chance-based gambling is totally random and you cannot influence whether you will win or lose. All players have an equal chance of winning. Examples of chance-based gambling include the lottery, roulette, bingo, and gaming machines.
Skill
Skill-based gambling involves the ability to influence whether a person will win or lose. Though chance is involved, the odds of winning are not the same among all players because technique, knowledge, or strategy can give some an advantage over others. Examples include betting on races and playing poker or blackjack.
Risk
One thing connects all types of gambling – risk. This means that the result is never certain, winning is never a "sure thing", and losing is always a possibility.