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Author Topic: Gambling and Betting. Why the Distinction?  (Read 492 times)
entertheabyss
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April 13, 2024, 08:20:53 PM
 #81

The word gambling/gamble can be used in more wider perspective than just for the actual gambling while betting usually denotes some amount of money at stake. Google shows results from the Wikipedia it's just written by someone and can be edited by anyone so if you want to look out the meaning then both defines the same with slight differences and as long as you understand what it denotes there is no issue at al.
Don't jeopardize any opportunity that comes your way, because winning literally comes from unexpected projects and matches. Gambling and betting are the same thing, do not allow minor words to control one and leaving us in a confused office. There are more useful information in the space, we just have to spot out the necessary ones and ensure to make good use of them. We understand the basic information passed down to us and that will be the end for the day.



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April 14, 2024, 05:48:57 PM
 #82

Generally speaking, betting is the act of staking money on how something will turn out. This might be a reality TV show, an election, a horse race, or any sporting event. Typically, betting is making a prediction about a certain outcome and placing a financial wager on it.

However, the term "gambling" is broad and covers a wide range of activities. With a possibility of winning more money or doubling the amount they spend, people will stake money or other assets on a particular result. This can apply to certain games like slots, dice, or lottery, as well as casino games like roulette, poker, and blackjack.

Gambling encompasses a broader range of behaviors that also include risking money with unknown outcomes, but betting is a type of gambling since, as I've mentioned, it involves anticipating specific outcomes.
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April 14, 2024, 07:06:22 PM
 #83

Gambling encompasses a broader range of behaviors that also include risking money with unknown outcomes, but betting is a type of gambling since, as I've mentioned, it involves anticipating specific outcomes.

For me it would be just like this:

Gambling is when you're putting money on the line with the hopes of winning more money or some other prize. Think of stuff like playing cards, slots, poker, or roulette at any casino could be online or in-house. It's all about taking a risk and hoping luck is on your side.

While betting is a bit more of specific. This happens when you are wagering money on the outcome of something. This could be a sports game, a horse race, or even things like who's gonna win an election or the Paul vs Tyson. You're basically saying, "I think this is gonna happen, and I'm willing to put my money where my finger pointing is."

So, gambling is the bigger umbrella term that covers all sorts of games of chance and probabilities, while betting is more about predicting outcomes and putting your money down accordingly.

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April 14, 2024, 07:21:05 PM
 #84

Generally speaking, betting is the act of staking money on how something will turn out.

You don't have to stake money for it to be a bet. You can bet on items, simple things like being right and receiving respect.
Betting is a part of gambling, but you can bet without any money. Friends often bet each other that they can do something and they get respect in return, or they get to eat the last candy or drink free beer at the expense of the loser.
You can bet from time to time without being a gambler, but a gambler is not someone who bets for fun. Usually this word is used to describe serious players. A guy who bets on one football match a month is not really a gambler in the full sense of the word.

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April 14, 2024, 07:25:11 PM
 #85

Generally speaking, betting is the act of staking money on how something will turn out.

You don't have to stake money for it to be a bet. You can bet on items, simple things like being right and receiving respect.
Betting is a part of gambling, but you can bet without any money. Friends often bet each other that they can do something and they get respect in return, or they get to eat the last candy or drink free beer at the expense of the loser.
You can bet from time to time without being a gambler, but a gambler is not someone who bets for fun. Usually this word is used to describe serious players. A guy who bets on one football match a month is not really a gambler in the full sense of the word.
Hmm it's somehow confusing when reading it from this view, so someone can bet and still not be called a gambler? Or is the terms actually used for serious bettor rather than a one time or someone who often follow up with the acts of gambling? Am a little bit confuse and please forgive my confusion because what I felt before now that is Gambling or betting is actually the same thing as one is tied to the other.

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