The Gambler’s Fallacy

Gambling

Whether placing a bet on a horse race, buying a lottery ticket, or just tossing a coin in the air, gambling is a popular activity that involves risk and chance. But a person’s chances of winning don’t depend on how many times they push the button on a slot machine or how often they roll the die. This is known as the Gambler’s Fallacy, and it’s important to understand it if you want to avoid gambling problems.

It’s also worth knowing that gambling problems are more likely to occur if you have other mental health issues, such as depression or anxiety. Those who are struggling with financial difficulties, such as debt, may be particularly vulnerable to harmful gambling habits. If you’re worried about the impact of gambling on your mental health, speak to a therapist who specialises in addictions. They can help you to develop a healthier approach to betting and identify your triggers.

The most challenging part of overcoming a gambling problem is admitting that you have one. However, once you do this, there are a variety of treatment options available, including cognitive behavioral therapy (CBT). It’s best to talk to a professional to get the support you need. If you need immediate help, call 999 or visit A&E. You can also speak to a debt adviser at StepChange for free, confidential advice.