Gambling and Betting. Why the Distinction? - page 2.

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Quote from: summonerrk on November 01, 2024, 07:08:15 AM

Quote from: mattiehan on November 01, 2024, 06:40:21 AM

I think the distinction between gambling and betting is pretty interesting. Gambling feels like more of a game of chance. You put your money down and hope for the best, whether it's slots, roulette, or lottery tickets.

For me, they are separated by the speed of receiving the outcome. In betting, as a rule, you need to wait for the whole match to understand whether you have won or not. And in a casino, if you play dice or a slot machine, you need literally a few seconds. I the result will be clear. Of course, there are exceptions, such as ping pong, where the outcomes appear quickly, but in general everything is as I described above.

Well I see it as the same but when you look at them they mostly looking the same, and of course it seems to be the same since both of them are expectations to win/lose something at the end of the play. So naturally we don't need to paint it very much separate from each others as the ending results is winning or losing.

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Quote from: summonerrk on October 30, 2024, 09:15:23 AM

Quote from: mattiehan on October 30, 2024, 02:29:13 AM

The main difference I’ve noticed is how people use these terms. “Betting” is usually tied to sports because you’re putting money on the outcome based on skill, stats, and analysis, even though luck’s still a factor.

True, luck plays a big role in both betting and gambling. But in gambling there are types of games where the player's entire fate is in the hands of fortune, these are dice and slots. At the same time, in poker, a lot is in the hands of the player, and this is similar to the rules by which the player tries to win money. Analysis, experience and analytics are the common features of poker and betting.

Yeah both betting and gambling also tied with luck though with betting the advantage is if you fully understand the game and you the people behind the sports while with gambling, even you don't know the game as long as you understand how put your bet and how the game works then if luck permits you winning is possible. It's more on how you analyze the sport before selecting or placing your pick as you trusting your research about the team or the player that you are betting with.

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Quote from: mattiehan on November 01, 2024, 06:40:21 AM

I think the distinction between gambling and betting is pretty interesting. Gambling feels like more of a game of chance. You put your money down and hope for the best, whether it's slots, roulette, or lottery tickets.

For me, they are separated by the speed of receiving the outcome. In betting, as a rule, you need to wait for the whole match to understand whether you have won or not. And in a casino, if you play dice or a slot machine, you need literally a few seconds. I the result will be clear. Of course, there are exceptions, such as ping pong, where the outcomes appear quickly, but in general everything is as I described above.

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I think the distinction between gambling and betting is pretty interesting. Gambling feels like more of a game of chance. You put your money down and hope for the best, whether it's slots, roulette, or lottery tickets. Conversely, betting seems to involve more strategy, like when you wager on a sports game or a horse race. You're analyzing stats, players, and conditions, adding a layer of thought.
Both can be fun in their own way, but it's essential to know your limits. If you're curious about trying online games, you might want to check out cocoa-online-casino.com .

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Quote from: AYOBA on October 31, 2024, 04:24:48 PM

In my own view and the little research betting and the gambling is almost talking in the way, because once you have bet it means you’ve gambled but I wonder why a lot people’s are differentiate them that the betting is the platform of the gambling, but why I said the there all the same thing is that we’ve always refers a gambling a casino and is through casino where getting the spots, because sporting is a word of placing a wager which refers to gambling.

I think gambling is their generic name giving to the process of committing money to something with the expectation that it will generate profits even though this is not guaranteed because of the risk involved. Betting is just the process of gambling, putting money on your prediction. They both are one and the same thing and up to the individual to choose what word is suitable for him. Sometimes both words are used interchangeably because they mean one and the same thing.

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Quote from: AYOBA on October 31, 2024, 04:24:48 PM

In my own view and the little research betting and the gambling is almost talking in the way, because once you have bet it means you’ve gambled but I wonder why a lot people’s are differentiate them that the betting is the platform of the gambling, but why I said the there all the same thing is that we’ve always refers a gambling a casino and is through casino where getting the spots, because sporting is a word of placing a wager which refers to gambling.

In fact, in this case the context is the same, namely gambling but the difference may be from the media because sometimes a lot of people think that gambling is only centred on slots, togel or some other games such as poker or card games but they sometimes rule out betting in sports even though it is the same thing where when what is done is betting then it is definitely gambling. It's just that if the bet is only done once in one game but in games like slots or dice it may be done several times in one session.

But all of them have the same view that it is still gambling and I don't think we can rule out anything else because at the end of the day the situation is the same where we are risking our money in any case (which leads to luck in the game) then it is still gambling.

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Quote from: Alphakilo on April 10, 2024, 05:57:19 PM

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 don't see much difference between the Gamblinng and the betting. And the difference is only the you mentioned that is the we call gambling when we play on the casino slots games and we call betting when we bet on the sports games. Moreover what I want to say that is betting is the sub-word of Gambling so betting is also gambling so there is no difference is the purpose of these two.

And if we imagine differently then we also do bet while we play the slot games in casino the think is in sports we bet for one team will win from the two team and here we bet against the computer of the Casino slots games.

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Quote from: AYOBA on October 31, 2024, 04:24:48 PM

In my own view and the little research betting and the gambling is almost talking in the way, because once you have bet it means you’ve gambled but I wonder why a lot people’s are differentiate them that the betting is the platform of the gambling, but why I said the there all the same thing is that we’ve always refers a gambling a casino and is through casino where getting the spots, because sporting is a word of placing a wager which refers to gambling.

That is your view about the subject, but actually, the distinction between the two is created because one is usually used for gambling as in playing gambling games, and the second one is used for betting as in sports betting. So when someone says that they gamble, they might generally be referring to any of them, but usually, it means that they play games where they bet money, and when someone says they make bets, it means that they are into sports betting and they bet on sports events.

It won't be wrong if you say that both are gambling because they are both different types of gambling, but just for easier understanding, people use these two words to differentiate between the two and for those who have gambling knowledge would easily understand the reference, those with less knowledge might find it hard to understand what someone is talking about.

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In my own view and the little research betting and the gambling is almost talking in the way, because once you have bet it means you’ve gambled but I wonder why a lot people’s are differentiate them that the betting is the platform of the gambling, but why I said the there all the same thing is that we’ve always refers a gambling a casino and is through casino where getting the spots, because sporting is a word of placing a wager which refers to gambling.

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Quote from: LUCKMCFLY on October 31, 2024, 03:36:15 PM

Sometimes sports betting appeals to pure luck, but not as much as playing a roulette in a casino, or a slot, even crash or plinko, there it is all down to luck, but in sports betting things are different, it can be said that something very accurate can be established, which is knowledge, the degree of knowledge of the sport, the players and even the tactics as such is rewarded,~~~~

Yep. That's why we have the terms of "luck-based games and skill-based games". Wink

Roulette, slot, and crash are surely parts of luck-based games. Meanwhile poker, blackjak, and betting are some examples of skill-based games.
For the skill-based games, it doesn't only require to have good knowledge about them. We also need to have proper ability or skills to play them. Experience and luck may have a role, too. But it won't influence much the game.

Quote from: LUCKMCFLY on October 31, 2024, 03:36:15 PM

but for that you need to study in the same way, I wouldn't say it is the same, it's like trading, it's not luck, sometimes there is luck, but it depends a lot on our decisions and that is based on knowledge.

Maybe skill-based games are similar with trading. However, we can't fully state the luck has no role there. Luck probably still has a role, but it won't be significant. The most crucial thing is skills, it will determine everything. Wink

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Quote from: Blowon on October 29, 2024, 11:52:02 PM

In my opinion, it's the same as gambling, there's no difference, it's just a matter of the name that's different, there's no need to bother your mind about it, because we're going to bet to gamble, if we don't bet we're just enjoying the show, this is just my personal opinion

In simple terms, betting is just a branch of gambling, and regardless of what anyone is playing in form of in house game's and the rest their all make up gambling, so for that we have to make appropriate classification to them, betting is most often the popular part of a gambling platform.

And for that, many will think that gambling is all about sport betting whereas, in-between that line there is still vas difference between them and betting just being a part of a larger system, which can and should not be stood on it own.

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Quote from: alastantiger on October 27, 2024, 06:12:49 PM

When you're betting or gambling, you're relying on your luck to be victorious on the games that you're betting on because there's no assurance or certainty when gambling. Both betting and gambling involved you staking money that can be mutilipled or lost hence there aren't any difference between gambling and betting.

Sometimes sports betting appeals to pure luck, but not as much as playing a roulette in a casino, or a slot, even crash or plinko, there it is all down to luck, but in sports betting things are different, it can be said that something very accurate can be established, which is knowledge, the degree of knowledge of the sport, the players and even the tactics as such is rewarded, but for that you need to study in the same way, I wouldn't say it is the same, it's like trading, it's not luck, sometimes there is luck, but it depends a lot on our decisions and that is based on knowledge.

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Quote from: Ararbermas on October 27, 2024, 11:03:36 PM

yep , never use your money in gambling if your real intention is to make it double and for gaining quick profits, coz its a game of luck and you don't have idea if you will keep winning on it.

I think there are those who play for fun but has a goal like that but it is just that they only deposit small amounts which is the very goal/rule of the game. Gambling generally refers to a game of luck yeah but I think that is only effective before when there are only one or a few game which relies purely on luck but later on, more games are invented and we now have skill-based games. It was the skill-based one is the type of game that we can have an idea if we will keep on winning or not because we know our game and we can read our opponents or the dealer. If we feel uncertain, we can surely stop and enjoy our profits before it gets depleted.

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Quote from: Alphakilo on April 10, 2024, 05:57:19 PM

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?

literally the essence is the same, there is no difference from the name of gambling. which makes a little difference related to the type of game, the type of casino or sport. generally, betting is a term part of sports. in fact, if you play BlackJack, Baccarat or other types, the term is the same you place to bet. big or small, player or dealer. there is nothing that distinguishes it in terms of verification according to my understanding. so, all of these are just general terms that we gamblers usually say. if you have an idea to give your own term that's okay, but only for yourself because other people won't know the term you created. well, don't be confused by questions that for us it is not too important. after all, the point is we are gambling, whether it's sports or casino games.

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Quote from: Gheka on October 29, 2024, 08:31:04 AM

Quote from: D ltr on October 28, 2024, 03:48:06 PM

So far I see betting and gambling are the same in the end, namely luck, to win it
but if we talk about theory, betting is often done in the real world not only for sports but sometimes in every case where here targeting something based on predictions that will be made by someone or a match
gambling, we bet money to play the game and hope to win

To be honest, betting is all in the scope of gambling, every time betting is mentioned, it is called action and when mentioning something bigger for this action, it is called gambling effort, just analyze the act of betting as a dispute over an issue and taking something from ourselves in return from someone else to prove that we are right in the argument. But of course, this action is relatively light while gambling is a collection of all bets involving money, players do not need to prove the arguments they put forward, players need to survive and get their own money back.

I consider betting as an act of staking your money for a bigger profit with someone, and that was the word that I am use to since I was a teen till date. It was when I started gambling in casinos that I realized, that playing casino games is called gambling, and sports is called betting.

They mean the same thing but used on different type of games we bet on, because staking something to win or lose is involved.

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Gambling is divided into three subcategories:
1. Betting (prediction)
2. games in which the gambler's experience has the ability to influence the outcome of the gambling session (Texas Hold'em, Poker).
3. games in which everything depends on luck (Slots, Lottery, etc.).
All these are gambling games because in each of them there is a risk of losing money. Somewhere the results of gambling depend on your analytics, somewhere on your experience, and somewhere only on luck.

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Quote from: mattiehan on October 30, 2024, 02:29:13 AM

The main difference I’ve noticed is how people use these terms. “Betting” is usually tied to sports because you’re putting money on the outcome based on skill, stats, and analysis, even though luck’s still a factor.

True, luck plays a big role in both betting and gambling. But in gambling there are types of games where the player's entire fate is in the hands of fortune, these are dice and slots. At the same time, in poker, a lot is in the hands of the player, and this is similar to the rules by which the player tries to win money. Analysis, experience and analytics are the common features of poker and betting.

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Quote from: Alphakilo on April 10, 2024, 05:57:19 PM

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 you have to keep the distinction under the carpet because it's not really necessary. Whether we are casino player or sport bets gambler, they are the same and it good we try the two to see which one can really work for us. Gambling is not just about luck like the way it's use to be in casino bets where we do expect consistent luck to keep winning bets when others might be skeptical on what strategy we are making use of. Every gambler knows what works for them and it a good reason we test different games to know whichever one we are more lucky on and can earn us good amount of money. Betting is a form of gambling whether we are casino gamblers or sport bets gamblers.

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Quote from: danherbias07 on October 29, 2024, 11:21:57 AM

Quote from: Gheka on October 29, 2024, 08:31:04 AM

To be honest, betting is all in the scope of gambling, every time betting is mentioned, it is called action and when mentioning something bigger for this action, it is called gambling effort, just analyze the act of betting as a dispute over an issue and taking something from ourselves in return from someone else to prove that we are right in the argument. But of course, this action is relatively light while gambling is a collection of all bets involving money, players do not need to prove the arguments they put forward, players need to survive and get their own money back.

I agree, it doesn't matter. Whatever it is called, what they do is just gamble and expect something good in return. I think I have been in the industry for a long time which is why I don't care what they call it. You put money into a sport or a slot game then you are betting or gambling. Some would explain it differently but not for gamblers who think they are just playing around trying to make money out of risking their own.
Gambling has been in the lifestyle of the world for a long time and I don't think the definition of the two words means a lot for them as long as they can enjoy the thrill of the moment.

Well in the end the point is gambling and betting have the same meaning and the only difference here is the scenario when someone wants to run a session where when someone wants to get involved in a casino game then they just play by putting the amount of money they want to bet against the casino advantage while when they are someone who prefers to dedicate themselves to the type of sports betting then maybe there are some things that need to be done at the beginning such as looking at the statistical data of the two teams that will compete to find a conclusion about which team is more likely to win and make a decision.

But in the end the point is the same, namely we put money to lead to two possibilities, namely between winning or losing regardless of what type of gambling you play.

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Quote from: hedgeh0g on October 29, 2024, 09:07:54 AM

Quote from: Roseline492 on October 29, 2024, 06:13:07 AM

There is no different between betting and gambling but is just that they could have a different form of playing but they are the same, actually gambling is not only betting on sports or by Casino but other things that allow someone to stake their money on a certain outcome is also a gambling because I could remember during the time we are small I normally see people who pin a bottle on the ground and place something at the top of it and setting a certain range at which they would position and troll from there, that anybody who hit the bottle making those items on the top to fall wins the money, so they will start betting and even those watching always joined them in betting so actually that is also regarded as a gambling and not just only sports.

Anything, be it a game or sports betting or something else where no one knows the result, and the organizer takes money or rake and enriches himself at the expense of the players, can be considered gambling in my opinion.

And if we take sports betting specifically, there is also a gap due to which, over a huge distance and with many bets by players, the bookmaker will be in profit. I think this has been repeated many times - if it were not profitable for the organizer, then no one would do it.

Yes what you are saying is true but not all the gambling can benefit the organizer because their are some kind of local bet that doesn't require any sort of organizing do to the fact that those doing it are the ones that decided to come up an ideal on how they would do the betting, for example the kind of bet I explain earlier that involves hitting the items on the top of the bottle and the only people that would benefit will be the person that would win and nothing like organizers on such games, though the only way you would see an organizer on such game is only if the both gamblers doesn't trust themselves, so they would bring a middle person as an organizer to make sure there is a transparency.

Topic: Gambling and Betting. Why the Distinction? - page 2. (Read 1282 times)