The most precise definition of gambling?

[DimensionZ]

From MacMillan Dictionary:

gambling:

1. an activity in which you risk money in the hope of winning more money if you are lucky or if you guess something correctly
2. a situation in which you take a risk on something that can give you important benefits

betting:

the activity of trying to win money by placing a bet (=guessing the result of a race, game etc)


I think gambling is the broader term and betting is included in the umbrella definition - gambling.

[1714755859]

1714755859

[1714755859]

1714755859

[ikydesu]

there is still much confusion about the definition of gambling, including me. Especially about the difference between Betting and Gambling, despite the fact that I think Betting and Gambling it is the same thing. So here I want to know "What is the most correct definition for gambling?"

According to oxforddictionaries:

Play games of chance for money; bet:
‘he gambles on football’

    1.1[with object] Bet (a sum of money):
    ‘they gambled their money on cards’

https://en.oxforddictionaries.com/definition/gamble

Gambling = playing a game to chance/earn money(risk to lose), bet = money used for gamble.

This is makes confused indeed, since people used "gambling" or "betting" at the same sentence.
From what i see "gamble/ing" is a subject, and "bet/ing" is an object which its relate to each another.

[mindrust]

If it depends on luck only, it is gambling.

The more skills are involved, the less gambling it is.

Every financal move has a bit of gambling inside. The more ridiculous they are, the more gambling there is. I hope this helps.

Throwing a dice to make money>>Gambling

Buying Tesla stocks>> May be gambling or not, depends on your knowledge.

Buying gold>> According to the history, it is an investment.

[victoryboy]

It is not confusion at all when it will be to define gambling in simple but most effective way. I will define gambling as anything which is game or guessing or to predict but there is some risk involved in this as of loosing or winning is called gambling. Anything which can bring you profit or loss in the end in gambling near me.

[fantoos]

I think there is confusion about gambling. Where we can lose our money that is related with gambling in any form or method. Some people call it betting and some think betting is only words for sports betting. But I don't think betting or gambling different all type of gambling is risky.

[olubams]

To me gambling is simply an activity aiming at getting back a particular amount of return which is a multiplication of what is being put in with an acceptable amount of risk that the individual is willing to take in other to generate such return. However, as profitable this could be an individual could also lose some or all his income in this venture and not achieve the objective set at the beginning of such exercise...

[kryptqnick]

Gambling comes apparently from Old English gamenian "to play, joke, pun" which is related to our word 'game'. So, we can say that gambling is an act of playing some game involving money. Betting is considered by many to be more reasonable than gambling. For example, when you do sport betting you can (theoretically) analyze the teams, its strategies and chances.

[neochiny]

Hmm. I just categorize it as "Anything involving money in a game is gambling".
Doesn't really matter what the games are or the luck vs skill ratio. As long as it involves the risk of losing money, or the gain of winning some money, then it's gambling.

I also just classify betting as a form of gambling. Like a term usually used when betting on sports, races,politics,etc.

[FrueGreads]

there is still much confusion about the definition of gambling, including me. Especially about the difference between Betting and Gambling, despite the fact that I think Betting and Gambling it is the same thing. So here I want to know "What is the most correct definition for gambling?"

I also agree that betting is a form of gambling. For me gambling is to take some risks in order to win something back. It's pretty much like an investment. The problem is, that on most of the gambling options, there is no reward for doing it on the long run, since the house had the edge. So you are actually gambling based on pure luck. And this is probably where a lot of discussion starts, when you try to consider if poker, or trading, or sports betting, are forms of gambling. In my opinion, they all are, since you are risking in order to get a return. But on these last ones, you actually have a chance to get some profit back not just by luck, but by good analysis and strategy.

[milewilda]

As i search on  google. This is  the definition  i see.

gerund or present participle: gambling
1.
play games of chance for money; bet.
"she was fond of gambling on cards and horses"
synonyms:   bet, place/lay a bet on something, stake money on something, back the horses, game; informalplay the ponies
"he started to gamble more often"
2.
take risky action in the hope of a desired result.
"the British could only gamble that something would turn up"
synonyms:   take a chance, take a risk; informalstick one's neck out, go out on a limb
"investors are gambling that the British pound will fall"


Betting  is  part of gambling   because  you would   definitely bet  in able to gamble.

[--DarkSecrets--]

I don't know what is precise meaning and i don't search it on google .I will answer it with my own understanding.

Gambling is a high risk investment which needs you to invest and play with your money without knowing if you can make it grow or lose  .Gambling for me is not just a profit it is made for the people who want fun and to unwind with thierselves or with friends too.

[electronicfactura]

Gambling's meaning for taking risk voluntarily knowing that you can loose your already owned thing. You are well informed that this result can be in favor of either side against who your are competing. Gambling means putting at stake to check your prediction or guess to make or loose something.

[Herbert2020]

there is still much confusion about the definition of gambling, including me. Especially about the difference between Betting and Gambling, despite the fact that I think Betting and Gambling it is the same thing. So here I want to know "What is the most correct definition for gambling?"

you really don't need to define gambling or betting or any of other terms you may come up with in order to use them. do whatever you want and define them however you feel like. it doesn't change anything.

but generally i define gambling like this: anything that involves money and there is a risk of losing alongside a chance of winning with the condition that the chances are not predictable can be considered gambling.

[ralle14]

there is still much confusion about the definition of gambling, including me. Especially about the difference between Betting and Gambling, despite the fact that I think Betting and Gambling it is the same thing. So here I want to know "What is the most correct definition for gambling?"

Betting is risking your money on the outcome of a specific match or event which is gambling. If we define gambling we could say it's betting or taking risks from our action expecting to get good results whether it be involved with money or not.

[maxhor]

there is still much confusion about the definition of gambling, including me. Especially about the difference between Betting and Gambling, despite the fact that I think Betting and Gambling it is the same thing. So here I want to know "What is the most correct definition for gambling?"

Your opinion about betting and gambling is same is right, gambling is something which can multiply our money by taking risk so there is high risk involve in it than if our prediction went wrong than we could lost our amount there, so where risk factor exist and we have no safe way to make money without hard work that is gambling.

[carlisle1]

Gambling is the wagering of money or something of value (referred to as "the stakes") on an event with an uncertain outcome with the primary intent of winning additional money and/or material goods. Gambling thus requires three elements be present: consideration, chance and prize. The outcome of the wager is often immediate, such as a single roll of dice or a spin of a roulette wheel, but longer time frames are also common, allowing wagers on the outcome of a future sports contest or even an entire sports season.

Source: Wikipedia

And In my opinion Betting is also a sort of gambling but has a few differences i guess . I think it refers to as you are Usually watching a game and waiting for a result .

[fullypak]

there is still much confusion about the definition of gambling, including me. Especially about the difference between Betting and Gambling, despite the fact that I think Betting and Gambling it is the same thing. So here I want to know "What is the most correct definition for gambling?"

Your opinion about betting and gambling is same is right, gambling is something which can multiply our money by taking risk so there is high risk involve in it than if our prediction went wrong than we could lost our amount there, so where risk factor exist and we have no safe way to make money without hard work that is gambling.

No need have so much confusion in understanding the differences. In both, you need to spend money to enjoy different types of entertainment and in both, if your lucky can make some decent profit on your money otherwise you will get just fun. If you are gambling to make an only profit then high chances of losing your money in gambling.

[rik3]

there is still much confusion about the definition of gambling, including me. Especially about the difference between Betting and Gambling, despite the fact that I think Betting and Gambling it is the same thing. So here I want to know "What is the most correct definition for gambling?"

According to me Gambling Is Just a shit Game Based on Pure Luck and No Experience Needed in this to Make Money and You are Risking Your Money in Just a Stupid Activity.......
Betting is Also a Type Of Gambling and Also I Don't Prefer Betting to Anyone Because Both Gambling and Betting is a Shit Business So I Suggest to All that Do Some Other Business......

[carlfebz2]

there is still much confusion about the definition of gambling, including me. Especially about the difference between Betting and Gambling, despite the fact that I think Betting and Gambling it is the same thing. So here I want to know "What is the most correct definition for gambling?"

According to me Gambling Is Just a shit Game Based on Pure Luck and No Experience Needed in this to Make Money and You are Risking Your Money in Just a Stupid Activity.......
Betting is Also a Type Of Gambling and Also I Don't Prefer Betting to Anyone Because Both Gambling and Betting is a Shit Business So I Suggest to All that Do Some Other Business......

Actually betting and  gambling are  all  the same  and theres  no difference  at all. Betting is  not  a  business. lol.  Let me ask  you, what  do you need to do  to  play gambling? By betting right? So  it  means   its part of gambling.  The definition of  gambling  is  where you  risk  something to earn something. Just  like risking  money to earn  money. Period.

[mostkey]

gambling is an activity that uses the money, you're risking your money and hope it becomes a lot more money. By winning the game, you will get more money, and if you lose you will lose money bet.
and betting is an activity you risked your money in gambling.