Let me share my opinions regarding to this effects
Good Effects:
*Can make money easily (not guaranteed)
Yes you can make money but its gambling. Its pure luck so you don't know when to win or when to lose but in my experience, I'm always losing in gambling
Good Effects:
*Gives so much pleasure
I agree with this especially if gambling is now one of your hobbies. It will give you pleasure and entertainment.
I agree with the last 2 of the good effects you have shared although I don't like it
Lets go to the bad effects now.
Bad Effects:
*Big loss
*Increased on your debt
*Insufficient Funds
I put this in one because they are somewhat interconnected. If you don't have money to gamble what will you do, you will borrow from another person - debt. Now if you lose in gambling you will borrow again - debt increasing. This cycle will happen until you will realize that you are now at a big loss and not only that, you have a big big debt.
Bad Effects:
*Depression/Stressed
This happens when you are at a loss. If you lose in gambling, the tendency is you will feel regret for it and then you will become depressed. The solution I think to remove depression or stress is to entertain yourself. Go to bar, or find a place that will make you happy.
Bad Effects:
*Broken Family/Failed on relationship
The worst thing that can happen when you are gambling. Because you made it as a hobby now, you have no time to your family and relationship.
How can you handle this possible effects of gambling in your life? Its simple.
DON'T GAMBLE AT ALL!!!!!