Gambling is an activity that involves a person wagering something of value on a random event. It is usually a form of recreational gambling and is often seen as an entertainment choice.

Although it may seem like a leisure activity, gambling can lead to significant social and economic impacts. Whether you are a gambler or a non-gambler, there are certain things you can do to reduce your risks.

First, you can set some boundaries in managing your money. Let a family member or a friend handle it, and do not micromanage the impulses. You can also join a peer support group, volunteer at a charity or join an education class.

Second, you should practice some relaxation techniques. This can help you to ward off boredom and keep your mind off the game.

Third, you can make some friends outside of gambling. These can be people who are not gamblers or even those who are not in recovery from gambling.

Fourth, you can engage in an economic cost-benefit analysis to evaluate the effects of gambling. This is an attempt to discover whether gambling has positive or negative impacts on your health and well-being.

A conceptual model of gambling impact assessment was developed by Williams and others. The model considers the three levels of gambling: individual, interpersonal and community/society.

While the study of the benefits and costs of gambling has been extensive, the effects of gambling on society have received less attention.