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Author Topic: Gambling and Betting. Why the Distinction?  (Read 496 times)
Ultegra134
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April 11, 2024, 06:23:49 PM
 #41

Betting is a form of gambling; gambling isn't a form of betting. To make things a little clearer, from how I see things, the difference is due to etymological reasons, not because there's much difference between these two words. You're betting on sports, betting over who's going to win the game; thus, sport's betting, but you can't call it sports gambling; that doesn't make too much sense, does it? They are similar words to describe the act of gambling, but their usage depends on your form of gambling.

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April 11, 2024, 07:00:32 PM
 #42

What I experienced, compared to betting, gambling is often wrong, and even though these two things do seem the same, there are several things that differentiate between gambling and betting.

Gambling refers to a process whereby an individual stakes some cash or something of value on the haphazard happening of an occasion or event, expecting a profit. Most of the time, this takes place in casinos, slot machines, or lottery games where no skill is involved, and everything is based on chance. In the meantime, betting is a kind of activity in which a person puts money or valuables on an event or match hoping to win some amount. However, betting is not entirely based on chance because it generally takes place when someone has some information about the game or match, and chances of success can be estimated. For instance, sports wagering where one may place bets grounded on their awareness about an individual squad or player.

Gambling typically relies more heavily on luck, whereas betting can be influenced by a person's expertise or an analytical approach.

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April 11, 2024, 07:34:38 PM
 #43

Well, making a bet (or bets) is part of gambling. Whether we are playing a card game, spinning a roulette, buying a lottery ticket, or betting on a sports match, we are engaging in gambling by making a bet with the hope of winning something in return.

There is a difference between these two words, but basically, both have a similar meaning, I guess we can say there is a subtle difference between the two. Maybe the bet is more for skilled gambling games, but as I wrote above, it's all gambling when we place a bet and risk money on an uncertain outcome.

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April 11, 2024, 08:55:39 PM
 #44

I was today years old when I found out that if betting and gambling isn't exactly the same thing. If you Google the word betting most of the  results will be in regards to sports betting. Also Google the word gambling and you will see most results refer to casino games. In my own opinion whether we bet on the outcome of a sports event or we bet on games of luck and skill in the casino, they are both the same thing. Which is why I wonder why there is this distinction between the two? Why can't we say casino betting just as we say sports betting or sports gambling just as we refer to the casino when we talk about gambling? I know it sounds weird saying casino betting or sports gambling but what do you think about this?

You the distinction between betting and gambling mainly lies in the context and perceived connotations. “Betting” is often specifically associated with wagering on the outcomes of events, typically sports, implying a degree of skill or knowledge about the event. “Gambling,” however, is broader and encompasses betting but is more commonly linked to games of chance, like those found in casinos. The difference also reflects cultural and linguistic nuances, where certain terms have evolved to carry specific associations. Despite the technical similarities, both involve risking money on uncertain outcomes the distinct terminology helps categorize the types of activities and their social and legal contexts. So, while it may seem arbitrary, these distinctions help clarify the nature of the activity being discussed.
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April 11, 2024, 10:23:21 PM
 #45

Whatever you choose to call it, gambling or betting, they are the same to me. Both words are interchangeable in a sentence.

Well to me i still don't see any much difference in them since both are all luck based game and when it dispute the gambling theorem them we can have them being classified separately. In sport betting after having all games selected, there odds are being multiplied by the total amount staked to give a potential winning and these depends on luck for someone to win.
Casino games and sports betting are not the same. Sports betting isn’t all luck. It takes skill and knowledge to be good at sports betting even with all that you still need a little bit of luck. Unlike slot games, there is no such thing as house advantage in sports betting. The game cannot be said to be rigged to favour the casino. The odds of you winning or losing depends on your analysis and predictions.
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April 11, 2024, 10:29:28 PM
 #46

I think betting is a sub-genre of the Gambling industry, so to speak, where both are ventures you do with the premise of granting you a large prize of mostly monetary gains, in exchange for a small amount at stake and a high, sometimes even magnanimous odds you'd have to beat. But since for the most part, betting is primarily 50/50, especially in the case of sportsbetting, it gets that distinction between gambling.

Gambling is a pretty broad concept so to speak, you can gamble about anything with anything at stake as well, and depending on the situation, you'd always be tempted to take up on it, betting on the other hand is more on the money side, since it's just a subgenre of the even larger gambling school of thought. Plus you also have to remember that in gambling, the results are almost always instantaneous or on the go, but betting on the other hand would need to have something else resolve first before a winner could be declared, a certain parameter so to speak, like a team winning a game, a certain number popping up at a particular date/time, there are a lot of things you can place a bet on, as long as it's vaguely deterministic, could be profiteered with, and is fair for both players.

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April 11, 2024, 10:50:52 PM
 #47

I don't think there's anything to stress about the distinction about betting and gambling since they both infer the same thing although betting is more unique to sports and casinos. Gambling is more of an umbrella term for any activity that one takes that involves a significant amount of risks back by little to no guarantees.

If you take trades without adequate convictions, you're basically gambling even though it wasn't done in a casino oe a sports betting site. It's the same with high risks investments as well.

On a lighter note, The meaning to these words are really what we give to them. AFAIK, someone coined the terms. How you use it is what matters.

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April 11, 2024, 11:40:41 PM
 #48

AFAIK, someone coined the terms. How you use it is what matters.
Betting and gambling are the same to me because they both involve staking an amount of money in the hopes to win against the risk of losing. No need to complicate it because no gambler in a casino will be refused playing if he uses the word that he wants to place a bet, or a sports bettor refused placing a bet if they use the word that he/she wants to gamble.  

If you choose to call it betting, bet responsibly and if you want to call it gambling too, gamble responsibly because that is what is more important. 

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April 12, 2024, 12:07:24 AM
 #49

AFAIK, someone coined the terms. How you use it is what matters.
Betting and gambling are the same to me because they both involve staking an amount of money in the hopes to win against the risk of losing. No need to complicate it because no gambler in a casino will be refused playing if he uses the word that he wants to place a bet, or a sports bettor refused placing a bet if they use the word that he/she wants to gamble.  

If you choose to call it betting, bet responsibly and if you want to call it gambling too, gamble responsibly because that is what is more important. 

Exactly. There is no use complicating things. Betting and gambling basically refer to the same thing. You bet, you gamble, you are doing exactly the same thing. Making a bet on dice is the same thing as making a bet on a football match. They're both gambling. So you're actually saying the same thing when you say you're gambling on dice and football.

We are all gamblers here whether we are exclusively betting on sports matches or on casino games. I can see no gain in complicating the words we use.

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April 12, 2024, 01:44:06 AM
 #50

I was today years old when I found out that if betting and gambling isn't exactly the same thing. If you Google the word betting most of the  results will be in regards to sports betting. Also Google the word gambling and you will see most results refer to casino games. In my own opinion whether we bet on the outcome of a sports event or we bet on games of luck and skill in the casino, they are both the same thing. Which is why I wonder why there is this distinction between the two? Why can't we say casino betting just as we say sports betting or sports gambling just as we refer to the casino when we talk about gambling? I know it sounds weird saying casino betting or sports gambling but what do you think about this?

In my opinion, today they are considered the same thing.
Until a while ago, before gambling games became popular on the internet, we could even have a very clear distinction between them:
  • Casinos: These were more focused on games of chance with their cards, dice and slot machines;
  • Betting sites: Which were predominantly based on sports betting.

However, just before the pandemic, we already had many sites also exploring gambling, and after Covid isolated these people even more at home, without being able to go to a casino, this niche market evolved a lot and today we have both in the same place. website, mixed in such a way that it can no longer be said that they are different things.

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April 12, 2024, 02:13:56 AM
 #51

It's just the same for me too and I don't mind. But I always use the word "sports betting" whenever I am using it in a sentence because "sports gambling" sounds weird to me, it won't just rhyme in my ears. But both are under gambling so what you may have found is just a weird thing, something a gambling nerd might do.
Talk to someone else and I don't think they will mind using both words or mixing them up because both are just talking about risk. Anyway, maybe there are gamblers who use this to avoid confusion when they discuss things but I don't think it will still be an issue in this era where the gambling industry is growing.
When someone says "I am gambling." The other person could just simply ask if it is sports or casino.

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April 12, 2024, 03:59:58 AM
 #52

Both are the same because we use money to place bets. But the difference is that when we play casino games, we play live and see the results directly, while for sports betting, we have to wait until the match is over, or we can stop our bet and cash out the money in the middle of the match in progress.

But that wasn't a problem because we were still gambling. We use money to win, but that doesn't guarantee we will win. The most important thing in gambling is that we can control ourselves well. Don't use a lot of money to gamble.

Anything that uses money when we play any game is gambling, whatever the name. We don't need to be confused about the difference because it is a gambling game.

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April 12, 2024, 04:09:13 AM
 #53

I was today years old when I found out that if betting and gambling isn't exactly the same thing. If you Google the word betting most of the  results will be in regards to sports betting. Also Google the word gambling and you will see most results refer to casino games. In my own opinion whether we bet on the outcome of a sports event or we bet on games of luck and skill in the casino, they are both the same thing. Which is why I wonder why there is this distinction between the two? Why can't we say casino betting just as we say sports betting or sports gambling just as we refer to the casino when we talk about gambling? I know it sounds weird saying casino betting or sports gambling but what do you think about this?
both are gambling activities. because basically gambling is a form of risking something such as money or goods for good luck.
So I will assume both are the same thing even though the game operations will be different. Sports betting and also betting on horse racing will have a different sensation from playing in a casino, whether it's an online game or an offline casino.

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April 12, 2024, 05:10:26 AM
 #54

I was today years old when I found out that if betting and gambling isn't exactly the same thing. If you Google the word betting most of the  results will be in regards to sports betting. Also Google the word gambling and you will see most results refer to casino games. In my own opinion whether we bet on the outcome of a sports event or we bet on games of luck and skill in the casino, they are both the same thing. Which is why I wonder why there is this distinction between the two? Why can't we say casino betting just as we say sports betting or sports gambling just as we refer to the casino when we talk about gambling? I know it sounds weird saying casino betting or sports gambling but what do you think about this?

They're too different things to me as I have always see sport bet as betting and when I gamble on casino as gambling. Gambling doesn't depend on what you know but on luck and you can get this when you play games in the casino but sport betting depends on what you know about the sport that you're betting on. When you're gambling and betting you can see the difference. I do the two but mostly sport betting and I can tell that the two have different feelings when you're doing them.

When gambling on casino, you'll know you don't have any advantage oveothe house as it's the house that have the upper hand. Both gambling and betting have similarities as you're risking your money when you're doing the two of them but know the difference that casino gambling doesn't depend on your knowledge. Casino gambling is more hard to predict than sport betting, you can predict sport games

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April 12, 2024, 06:17:34 AM
 #55

Looking at this from my own personal perspective, and from the little research I was able to make from Google, I'm made to understand that betting is a kind of game where stakes are made base on the skills of the player likely to influence the possible outcome of that event, whereas, gambling is a kind of game where stakes are made without a clue of what it's possible outcome is likely to be (i.e Outcome base on luck).

Hence, In summary, I think the perfect simple definition about this two words is that while "Betting is a game base on skills (i.e soccer, basketball e.t.c), on the other hand, gambling is a game base on luck (i.e Roulette, Dice)""

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April 12, 2024, 06:35:06 AM
Last edit: April 14, 2024, 08:06:29 AM by casinosfyi
 #56

I was today years old when I found out that if betting and gambling isn't exactly the same thing. If you Google the word betting most of the  results will be in regards to sports betting. Also Google the word gambling and you will see most results refer to casino games. In my own opinion whether we bet on the outcome of a sports event or we bet on games of luck and skill in the casino, they are both the same thing. Which is why I wonder why there is this distinction between the two? Why can't we say casino betting just as we say sports betting or sports gambling just as we refer to the casino when we talk about gambling? I know it sounds weird saying casino betting or sports gambling but what do you think about this?

The difference between betting and gambling is that in betting the bets are placed on an event and the result is based on the actions of the players, affected by their expertise. In gambling a wager is placed on an event that his outcome rely only on luck.
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April 12, 2024, 07:02:30 AM
 #57

AFAIK, someone coined the terms. How you use it is what matters.
Betting and gambling are the same to me because they both involve staking an amount of money in the hopes to win against the risk of losing. No need to complicate it because no gambler in a casino will be refused playing if he uses the word that he wants to place a bet, or a sports bettor refused placing a bet if they use the word that he/she wants to gamble.  

If you choose to call it betting, bet responsibly and if you want to call it gambling too, gamble responsibly because that is what is more important. 

Betting and gambling are two things that are quite different but almost similar. But even so, as you said, we don't need to bother ourselves with this because the most important thing is not how it is said, but how we can be responsible for it, whether it's betting or gambling, we have to be responsible and play within limits.

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April 12, 2024, 08:13:31 AM
 #58

In my personal opinion, betting and gambling are not much different in terms of meaning when viewed from the perspective of a Google application search. Indeed, both have their differences, but basically gambling and sports betting are activities where you both place bets and the results are wins and losses.
And in sports betting we can predict who will be the winner, but in gambling we cannot predict the winning outcome.

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April 12, 2024, 08:26:30 AM
 #59

The two terms interchangeably. Gambling is the generic word while betting is the specific word in gambling. You can gamble in sport and also bet in casino. Someone can say "he gambled on Chelsea against Arsenal and that is the same with bet on Chelsea against Arsenal. There is no too much different between them. They are just synonyms. But you place your bet from the performance of the team or players but gambling is randomly or unknowing  what has happened but in betting the performance of the players have be spotted so the best base on their previous games. But in gambling you just enter and start the prediction.

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April 12, 2024, 08:44:15 AM
 #60

I was today years old when I found out that if betting and gambling isn't exactly the same thing. If you Google the word betting most of the  results will be in regards to sports betting. Also Google the word gambling and you will see most results refer to casino games. In my own opinion whether we bet on the outcome of a sports event or we bet on games of luck and skill in the casino, they are both the same thing. Which is why I wonder why there is this distinction between the two? Why can't we say casino betting just as we say sports betting or sports gambling just as we refer to the casino when we talk about gambling? I know it sounds weird saying casino betting or sports gambling but what do you think about this?
I think they are all seen under gambling because the uncertainties associated with them all causes it to be gambling because in gambling you are basically dealing with uncertainties and you do not know what the outcome are going to be buy just hoping, betting is mostly associated with betting because somehow there's a level of certainties around it which isn't artificially stimulated by the site but then it's still an act of gambling so basically using the words interchangeably wouldn't be a bad idea but it's just preference.

I see gambling as the encompassing word while betting is associated with sport betting most of the time but the act of betting is still gambling because it's getting involved in an opportunity thst presents a 50/50 chances to anyone participating in the act.

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