Gambling can have good and bad effects on ones life. If anyone play and win in gambling you can't even imagine how happy he would be of getting quick money.
On the Other hand if one lose in gambling, and the amount is good, then one can be sad or even depressed.
To the losing part, the bigger effect is someone can do something ridiculous such as borrowing money to the bank just to gamble again.
And even worse is selling their valuable goods that has been accumulated after working hard with their careers such as house,cars, etc.
This is done by many people who want to win their lost amount by betting again just like taking revenge,this is the biggest success of gambling too,when people undersand this means no more gambling for the purpose of finance motivated.