Pages:
Author

Topic: Are every activities/competitions with stake known to be gambling? (Read 593 times)

full member
Activity: 322
Merit: 146
If there is no money involved, it is not gambling. If there is money involved, it is called gambling.
You know that opinion on this differs right?

Not every one agrees that money has to be involved before it is called gambling.

This is one topic I started last year that really showed that opinions on what gambling is and is not really differs from person to person.
Without money, does it still qualify as gambling?

Quote
Have you heard of Superpicks on DSTV? where you can make predictions and win money without staking your money?

if you have not, check it out. Superpicks.com

My question is can it still be called gambling if it is not played with money?
That's exactly the bottom line. Because, some person's seems to sight at gambling that it is specifically a game in  demands of financial awareness whereas there are alternatives and various ways people looses their valuables including the breakdowns of emotions at the quest of their stakes in a given activity.
hero member
Activity: 1624
Merit: 624
I disagree with you. As I said, if the game is played between close friends, money is easily replaced by reputation. Try to play poker with friends without using money and you will realize that you feel the same excitement as if you were playing with money. That is why these games are called gambling, whether you like it or not.

Of course, human nature is always focused on winning and this is also true if a game is played without any prize. From a different perspective, you are absolutely right that players will focus on winning for reputation in the poker game which doesn't have any prize as money but the most important point I want to point out is that it wouldn't be right to consider any game as gambling when there is no money or a similar prize. When it comes to reputation, of course all players will focus on winning but it is important to remember that we act carefully to gain or protect reputation not only in the games we play but in every activity of our lives.

It is clear that whatever the name of something that involves money or any item of value and has a value to be bet that will be the object in return as a result of the bet (victory) then clearly it is called gambling, and also if on the other hand the bet does not involve anything that will be used as an object of victory at the end of the session then clearly it is not a gamble because there is no something that is the object of victory and also there is no real possibility of what is called risk, In fact, this context is very simple and on the other hand I hope that everyone, especially those who just want to enter and get involved in gambling, will first understand what gambling really is, especially in terms of possible risks because it is clear that lately the population of gamblers is increasing but most of them are gamblers who have no responsibility for their gambling activities so that this causes a lot of problems, especially in their finances and sometimes even accusations of fraud in some casinos, especially the type of online casino.

Definitely, I think it isn't right to consider it as gambling if there is no money or similar reward to be obtained in case the prediction wins. In particular, since it isn't possible to lose anything in such a situation, people who make predictions don't apply risk management and therefore cannot learn what risk management is. As you mentioned, especially recently, there are many gamblers who cannot manage risk management and liability management well and because of their inability to manage these they face financial difficulties. Of course, due to these financial difficulties, various fraud methods are preferred by these people.
full member
Activity: 798
Merit: 211
Me: Gambling is a game of chances to winning or loosing where stakes are involved. It is an activity of personal desires to decide if you derives chasing after profits or catching funs.

However you tends to define gambling, it would be incomplete if stakes, risks and challenging activities (competitions) are not mentioned.

You can defined it your way but my interest is to understand this>>> Are sports games or related competitive activities which stakes are involved between both sides or teams also gambling?
Remember, there would be a winner to be rewarded and a looser to lost the stakes.
If the stakes does not comes from the team itself and instead being given by the operators then that is not gambling though it involves money because gambling must be called when there is money involved .

So the answers remain that not all games that has stakes is gambling , this is something like in our local basketball league that each teams need to pay their entrance fee and all of those collected fees will be for the winners then for me this is also kind of gambling because they are fighting against each others just to have that Pot money.
When gambling, there must be financial issues involved. Not only that, there will also be a change in one's financial condition. When someone wins a bet, their money increases and when they lose, their money decreases, thereby changing a gambler's financial situation. We often bet with friends to verify the truth of something and if we lose there we give treat to friends but who will cover it as a bet? Given this we would say that it does not come under betting because there is no fear of losing money or not change of money that cannot be considered as betting.
legendary
Activity: 2716
Merit: 1092
Leading Crypto Sports Betting & Casino Platform
In my opinion, any activity that requires a player to predict the outcome of an event and risk his money is gambling to a greater or lesser extent. If the activity takes place among people who know each other, then money can be excluded from this system, because reputation is used instead of money. Betting on some event among friends, betting on the next president, playing cards with neighbors - all these are gambling.

I definitely think that any activity and prediction of potential possibilities is gambling especially where money is involved. If a prediction is made between two friends without any product or money involved, it wouldn't be right to call it gambling but if a prediction is made between two friends for a product or money, this will be gambling. So, although it is possible to state that a prediction between two people without any reward or money is not gambling, it would be very correct to state that it is gambling if the person who guesses correctly will win something depending on the outcome. In short, if there is a prediction and a reward or money that promises winnings it can be easily said that it is gambling.

It is clear that whatever the name of something that involves money or any item of value and has a value to be bet that will be the object in return as a result of the bet (victory) then clearly it is called gambling, and also if on the other hand the bet does not involve anything that will be used as an object of victory at the end of the session then clearly it is not a gamble because there is no something that is the object of victory and also there is no real possibility of what is called risk, In fact, this context is very simple and on the other hand I hope that everyone, especially those who just want to enter and get involved in gambling, will first understand what gambling really is, especially in terms of possible risks because it is clear that lately the population of gamblers is increasing but most of them are gamblers who have no responsibility for their gambling activities so that this causes a lot of problems, especially in their finances and sometimes even accusations of fraud in some casinos, especially the type of online casino.
hero member
Activity: 1092
Merit: 507
Leading Crypto Sports Betting & Casino Platform
in my opinion, when they see an activity and place a bet, I think it is the same as gambling, because they involve things or points that are like gambling where there is an activity and there is also an amount of money at stake and there is also a profit that can be obtained if they win at that's the bet. because gambling in my opinion has the point of an amount of money, an activity and a profit. so if they do something by risking a certain amount of money then I think it is the same as gambling.

like what I once felt, I was walking with two of my friends and saw a couple who were in conflict or arguing, and my two friends made a bet where one was sure that the man would do something rude, while with my other friend he had that the woman would commit rude acts. At this time I was laughing at the behavior of my two friends. and I think this includes gambling. because it has the same aspects as gambling that usually occurs.
full member
Activity: 2408
Merit: 213
★Bitvest.io★ Play Plinko or Invest!
Me: Gambling is a game of chances to winning or loosing where stakes are involved. It is an activity of personal desires to decide if you derives chasing after profits or catching funs.

However you tends to define gambling, it would be incomplete if stakes, risks and challenging activities (competitions) are not mentioned.

You can defined it your way but my interest is to understand this>>> Are sports games or related competitive activities which stakes are involved between both sides or teams also gambling?
Remember, there would be a winner to be rewarded and a looser to lost the stakes.
If the stakes does not comes from the team itself and instead being given by the operators then that is not gambling though it involves money because gambling must be called when there is money involved .

So the answers remain that not all games that has stakes is gambling , this is something like in our local basketball league that each teams need to pay their entrance fee and all of those collected fees will be for the winners then for me this is also kind of gambling because they are fighting against each others just to have that Pot money.
legendary
Activity: 2282
Merit: 2056
^

I disagree with you. As I said, if the game is played between close friends, money is easily replaced by reputation. Try to play poker with friends without using money and you will realize that you feel the same excitement as if you were playing with money. That is why these games are called gambling, whether you like it or not.
hero member
Activity: 1624
Merit: 624
In my opinion, any activity that requires a player to predict the outcome of an event and risk his money is gambling to a greater or lesser extent. If the activity takes place among people who know each other, then money can be excluded from this system, because reputation is used instead of money. Betting on some event among friends, betting on the next president, playing cards with neighbors - all these are gambling.

I definitely think that any activity and prediction of potential possibilities is gambling especially where money is involved. If a prediction is made between two friends without any product or money involved, it wouldn't be right to call it gambling but if a prediction is made between two friends for a product or money, this will be gambling. So, although it is possible to state that a prediction between two people without any reward or money is not gambling, it would be very correct to state that it is gambling if the person who guesses correctly will win something depending on the outcome. In short, if there is a prediction and a reward or money that promises winnings it can be easily said that it is gambling.
hero member
Activity: 1792
Merit: 574
Leading Crypto Sports Betting & Casino Platform

You can defined it your way but my interest is to understand this>>> Are sports games or related competitive activities which stakes are involved between both sides or teams also gambling?
Remember, there would be a winner to be rewarded and a looser to lost the stakes.
Everything can be in gambling even a guessing game when you put money on it, any activity can become a gambling activity when there's money and something valuable on it, I remember there was a basketball tournament and everyone considers a yearly sports event to make youth understand the value of physical excellence and sportsmanship but some group put their money on the event and it becomes a gambling event for them.
So if there is no money involved and it is purely for that activity that's not gambling, money makes it a form of gambling.
That is the defining role of money in transforming an ordinary activity into a form of gambling. Even well-intentioned events can take on a gambling aspect when money is introduced. Any activity can potentially become a gambling event when financial stakes are involved. There are activities pursued purely for their intrinsic value and Those that involve money is a form of gambling. There is traditional definition of gambling which is where the element of risk, often in the form of monetary bets, adds a different dimension to the experience.

Money can have a role in shaping the nature of an activity, because it introduces a layer of unpredictability and risk. This distinction can be crucial for people to make informed choices about their participation in various events and to be aware of the potential consequences when money becomes a factor.
hero member
Activity: 1330
Merit: 687
Arts & Crypto
snip.

They will be such only if money is at stake. After all, the concept of gambling includes a mandatory game for money.
But!
Many casinos take a very tricky step, and I am still amazed at their ability to lure new players into the game. Look: there are types of slots that you can play for free, while the whole game takes place for points, not for money. But then, among those who have a lot of points, the casino chooses several guys who are paid for their luck and efforts. It turns out that there is no money game, but you can also win.
sr. member
Activity: 2310
Merit: 366
If you are watching a sports match and then you and your friends are taking the opposite teams and whoever loses will pay the lunch, that's probably not gambling.
If two people bet and the loser will pay for launch, that is fun but it is gambling. This is how gambling should be. It should not be a way to look for money but to bet for fun. This is gambling that you explained and not the other way around.

Well, to each his own. This is subjective interpretation anyway. But I don't agree. I'd rather stick to the strict sense of the meaning of gambling. Gambling involves money or something that is convertible to money. It involves betting and winnings.

If your kind of definition is implemented by the law, I'm afraid we'd all be doing something illegal because of predicting who's going to win between the Warriors and the 76ers and the loser will pay for lunch. We should also be paying taxes for our lunch winnings if that's the case because gambling prizes are taxable. And we should also be reporting it because that's also required of gambling winnings.
sr. member
Activity: 924
Merit: 281
I consider every activity in the stake platform a clear case of gambling. I mean, Stake.com is a business with profit as its target to be scooped in from engagers or clients who come to play games whose certainties are not under their control but to luck and chance,  there is no other way to address such  a platform and everyone that finds himself there as a gambler.
full member
Activity: 2240
Merit: 175
#SWGT PRE-SALE IS LIVE


You can defined it your way but my interest is to understand this>>> Are sports games or related competitive activities which stakes are involved between both sides or teams also gambling?
Remember, there would be a winner to be rewarded and a looser to lost the stakes.

Everything can be in gambling even a guessing game when you put money on it, any activity can become a gambling activity when there's money and something valuable on it, I remember there was a basketball tournament and everyone considers a yearly sports event to make youth understand the value of physical excellence and sportsmanship but some group put their money on the event and it becomes a gambling event for them.
So if there is no money involved and it is purely for that activity that's not gambling, money makes it a form of gambling.
sr. member
Activity: 700
Merit: 429
You can defined it your way but my interest is to understand this>>> Are sports games or related competitive activities in which stakes are involved between both sides or are teams also gambling?
Yes, if there is staked "money" is involved or anything that has "value" to bet on, it will be called gambling.
But the event itself is for competition to determine who is the best on that field, and the prize will be given to the winner. The organizers for betting are the one responsible why sports especially those super hyped, too many fan base sports are related to gambling.
To some extent, i agree with what you have said about the value on stake amount to be the baseline for activity to be categorized as gambling,  but then the fact that the team when an awards a cup or whatever rewards doesn't make the team gamblers because i still agree that it only becomes gambling when there is a stake amount from an outsider be it a fan who may want to test the level of his confidence by staking on his favourite team.


Aside from such, I don't think that the team or players themselves are gamblers in some instances because they are just playing for the competitions and nothing more to that.
hero member
Activity: 644
Merit: 520
Leading Crypto Sports Betting & Casino Platform
I believe the logic behind gambling is when someone actually risk their money on something for a possible rewards and this is basically what drives the human urge to get involved because of the possible returns or profits involved. There are many times me and my household practice all this acts but we do them for fun activities like sometimes I stake with my girls on the position they are going to take on their exams and although it's a long bet. We still get to find who is the winner but I believe this type of gambling is still far better as I do the betting and they try to make sure by every means I don't actually win it.
legendary
Activity: 2716
Merit: 1092
Leading Crypto Sports Betting & Casino Platform
So far you stake your money, it is gambling. In fact, that is what that makes it to be called gambling. Gambling means you are risking your money on betting. Gambling has been existing since the old age when there are no casinos and bookies.

If there is no money involved, it is not gambling. If there is money involved, it is called gambling.

Of course gambling is an activity that involves risk, and it would also not be called gambling if there was basically no money or other valuables at stake to get something bigger like a win or something that could be detrimental like a loss, and it is not gambling if someone does not spend anything at all as capital to bet on a "chance or possibility" because after all gambling is always about winning and losing or adding something (multiplying) or losing something as a result of the risk in the sense of obviously not getting anything at all.

Basically gambling is always about profit and loss, these two things cannot be separated in gambling because one of the two will always be the answer at the end of the session and there is absolutely no certainty whatsoever to be able to get a win, gambling is purely about profit and this is why gambling is absolutely not recommended to be made a place to earn, the basic fact is enough to be a strong reason why one should not put any hope in this activity other than entertainment.
hero member
Activity: 2968
Merit: 670
www.Crypto.Games: Multiple coins, multiple games
Are sports games or related competitive activities which stakes are involved between both sides or teams also gambling?
Remember, there would be a winner to be rewarded and a looser to lost the stakes.
If both teams are staking valuables on the game on their own instead of another organizer or something, then it can be considered gambling in my opinion because the losing team will lose their stakes. However, if the teams playing have nothing to do with the stakes, which means that the games are organized by an organization and they are responsible for rewarding the winning team, in this scenario, it won't be gambling because the losing team has nothing to lose and the winning team has also staked nothing to win the reward.

I think there is nothing so complicated about gambling as it's very simple. When you are having something up at stake either to win something more with it or lose it, you are gambling.
sr. member
Activity: 1036
Merit: 258
Need a Helping hand? https://tinyurl.com/2p94uabm
That which hangs and is in doubt between profit and loss an act in which the whole of profit or the whole of loss is at stake such an act is called gambling. Betting and gambling is when people risk money or something of value to predict the outcome of a game of chance, such as betting on scratchcards or fruit machines or with friends. If you predict the result correctly you will win money if you are wrong you lose gambling money. Thus if your money is at stake these will be conducted as gambling in the competition.
legendary
Activity: 2282
Merit: 2056
In my opinion, any activity that requires a player to predict the outcome of an event and risk his money is gambling to a greater or lesser extent. If the activity takes place among people who know each other, then money can be excluded from this system, because reputation is used instead of money. Betting on some event among friends, betting on the next president, playing cards with neighbors - all these are gambling.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
You can defined it your way but my interest is to understand this>>> Are sports games or related competitive activities which stakes are involved between both sides or teams also gambling?
Remember, there would be a winner to be rewarded and a looser to lost the stakes.
In any kind of activity or sports which involves two opposite team, where at the end of such activity or sport, only one team is supposed to win or the both team draws, such kinds of activity or game can be used for gambling. If such activities gave you the opportunity  to predict between the both team which will win, it is gambling and that's to say yes to your question.
Yes, that's because we bet money and guess which one of the teams could be the winner. But if both teams compete to get the prize, it is not gambling because they compete with each other and compete to be the winner and get the prize. And it's like sports matches that we often see on television where there are two teams or many players competing to be the winner and that's not gambling. The organizers have determined the prizes they get. Maybe I am wrong about that, but as far as I know, if we use the money to choose the team or players to win, that is gambling.
Pages:
Jump to: