The most precise definition of gambling?

[piloder]

Gambling = Risking what you have

When you will risk more than what you can afford to loss than it will make you sad and frustrated.
When you will risk only what you can afford to loss than even if you will loss some you will get entertained.

Crypto trading for newbie is also just like other form of gambling...

[1714755117]

1714755117

[Tungsten-1]

Gambling is when you put a money bet on something like a game to double that money. And for betting and gambling I think it's just the same, but gambling is when you place a bet on a game like poker and you have to play, while betting is when you place a bet and you do not have to play, just like sport betting, you're just guessing and see who wins. But in essence both things are the same.

People say that they are paying gambling for fun but the main reason for their gambling is to earn money; a lot of money to live a luxurious life but they don’t want to show this thing as people will make fun of them if their secret would be revealed . Basically, in gambling we make different bets and after winning that bets, our money is doubled. Betting is also a part of gambling and its component too.

[Rinsend]

Gambling is when you put a money bet on something like a game to double that money. And for betting and gambling I think it's just the same, but gambling is when you place a bet on a game like poker and you have to play, while betting is when you place a bet and you do not have to play, just like sport betting, you're just guessing and see who wins. But in essence both things are the same.

People say that they are paying gambling for fun but the main reason for their gambling is to earn money; a lot of money to live a luxurious life but they don’t want to show this thing as people will make fun of them if their secret would be revealed . Basically, in gambling we make different bets and after winning that bets, our money is doubled. Betting is also a part of gambling and its component too.

I can say I agree with you, but we can not judge all gamblers are definitely gambling for money, because for those who mainly have a lot of money, they gamble just to pass the time and double the money is just a bonus.

[zanezane]

We perceive gambling differently as we gamble for fun and some for money. Some just want to feel the risk and chills that gambling can give. And these can feel at the same time and when you won there's something inside us that it feels like we accomplish big things. So yes, gambling defines all of these and if one of these lacks it won't be that fulfilling.

[serjent05]

It is not clear because like i aid before, some people think there is skill in gambling, some other people think there is no skill in gambling and it's raw luck.

Poker = gambling or a game of skill?
Dice = gambling or a game of skill?

etc

It's very hard because some people consider gambling to be true for certain games and others don't.

I think poker is a game that uses skill, because it is very clear in poker we really think to win.
While Dice is a game that really uses luck. Because there is nothing great, all the same.

Poker still depends on chance, it is how you play your card but the deciding factor is the last drawn cards.  You can bluff to your heart content but if the player is as skilled as you in bluffing it will end up on the last drawn card.  So at the end gambling game really a game of chance.

[gandame]

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 also a gambling you bet to win. Gambling is a risky you can win or lose in short time no need a strategy or knowledge, on gambling you need a luck for you to win. If you have no luck accept the fact that you will lose everything your money.

[coinplus]

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?"

in my opinion, betting and gambling is the same thing although the games are different but the purposes is same between betting and gambling. we are betting and gambling to make money as the profit in the games and we spend much time to try to earn money from the winning the games. I think you don't have to confuse about the definition of gambling and let it be like that because every people have each definition and it cannot force to be one definition.

What a precise definition indeed and a very funny way to put it lol. I was surprised when I even heard in my country that there are people who do this for a living (sports betting) and they make a lot from it anyway. As long as you do not know the outcome of anything and you are placing valuable money on it and expecting it to favor you even when knowing you can lose it all, then it is gambling. A lot of people have dreamed of becoming rich quickly but unfortunately it ended otherwise.

[supermine]

Gambling and betting both are same,maybe people we use different terms to denote the same terms.But definition of gambling in my opinion is risking out money to earn money but don't know this is the precise definition or not.But we no need the definition for doing that just what we have to know is it is not an money making business,it is found for entertainment purpose.So never use only for making money and if you do never cry if you lose your money.

[bitcoinisbest]

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 also a gambling you bet to win. Gambling is a risky you can win or lose in short time no need a strategy or knowledge, on gambling you need a luck for you to win. If you have no luck accept the fact that you will lose everything your money.

Gambling the lucky paradise for those lucky people who win the big bucks. Those clever people who make money and quit at the expenses of the those people who consider the gambling as a money making zone and keep losing money for others benefit.

[Qartersa]

Why does it matter all of a sudden, anyway?

Actually, to be really precise about it, gambling is referred to anything that has to do with business. When you put money in on the premise of growing said money, that is already gambling. But the thing is, by culture and religious practice, gambling connotes a game whereby people carelessly waste hard-earned monies. Hence, it is being widely ostracized by the religious and conservatives which I find really wrong. You know, business per se is a gamble; now, does that mean that business is not good?

The takeaway here is to not stereotype the term gambling because gambling alone does have multifarious meanings. I am so glad this topic is discussed in this forum so as to put an end to wrongful limitations of terminologies.  

[mostkey]

I was surprised to see this thread billowing to the surface. this is the thread I created in 2016. when I do not understand anything about gambling. 

and I am very grateful to all the members who have entered in this thread. so it can make me understand all kinds of gambling.

[upsidedown75]

Gambling = Risking what you have

When you will risk more than what you can afford to loss than it will make you sad and frustrated.
When you will risk only what you can afford to loss than even if you will loss some you will get entertained.

Crypto trading for newbie is also just like other form of gambling...

Exactly, gambling is equal to risking of everything you have in your house or in your pocket, also because people are well aware of the fact that the money will be doubled and if I will win and all other things will be in waste. Risking all of your things is nothing else than a big blunder from ones side because the money you people earn from gambling is not actually yours. It is borrowed and it has to be fulfilled.

[ricardobs]

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 also a gambling you bet to win. Gambling is a risky you can win or lose in short time no need a strategy or knowledge, on gambling you need a luck for you to win. If you have no luck accept the fact that you will lose everything your money.

Basically, it’s gambling in which we do a lot of betting and win huge amounts of money if we are luckier enough but if the case is opposite, then nothing will be by our side except regrets. Some people think gambling is risky because they can’t afford the losing unlike the people who say gambling is not risky because they can easily afford the losses from gambling. Strategies don’t work in gambling but knowledge does.

[changcloy]

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?"

For me the two has the same meaning it engage both money. Gambling and Betting are hoping for luck also both are risky ,because in the game you cannot assure your self if you will win. Either the two can make a person's life a mess for most of the time they will be addicted to it.

[voztata]

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 also a gambling you bet to win. Gambling is a risky you can win or lose in short time no need a strategy or knowledge, on gambling you need a luck for you to win. If you have no luck accept the fact that you will lose everything your money.

Gambling and betting are definitely one and the same thing. At most, the difference would be in gambling, a gamblers plays the game himself while in betting he chooses one of the two competitors and places his money on him.

For example, in sports betting, people mostly place bets on one of the two teams while they themselves just sit and wait for the outcome. In the end, both are useless and luck dependent.