Gambling is the wager of something of value on an event of chance with the intention to win something else of value. It may involve the wagering of money or other types of material objects that have a perceived value, such as marbles or the collectable game pieces in Magic: The Gathering.

Gambling contributes a significant percentage of the income of the world’s economies. The industry also employs a large number of people. Moreover, gambling has the potential to eradicate stress and worries by stimulating brain areas that activate feelings of excitement and euphoria. This is why many people turn to gambling as a way to feel happy and satisfied.

Although the majority of people gamble responsibly, about 20 percent overindulge and incur debts that impair their abilities to support themselves. As a result, gambling has a reputation for being addictive. Fortunately, there are many services that offer help, support and counselling for individuals who suffer from gambling problems.

If you are worried that your gambling is getting out of control, it’s important to seek help before the problem escalates. Family therapy and marriage, career and credit counseling can help you work through the specific issues created by your gambling addiction. It’s also a good idea to never chase your losses. Doing so can lead to a vicious cycle where you believe you are due for a big win and will recoup your lost money. This is a common mistake known as the “gambler’s fallacy.” As soon as you start thinking this, stop gambling immediately.