Gambling and Betting. Why the Distinction? - page 4.

Jody.Drummer

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Quote from: usekevin on October 28, 2024, 01:53:11 PM

Quote from: Jody.Drummer on October 28, 2024, 12:22:35 PM

If viewed from that perspective, the words gambling and betting are indeed different. As OP said, I agree that betting is more about sports and gambling is more about casinos, but from both of these things there are strong similarities, namely the losses and profits that can occur and be obtained by each of us who do it, whether it's gambling or betting. With sports betting itself, many do it with other intentions, such as betting on a team that they really support, unlike gambling where there are various kinds of games while we can try our luck not only in one game, whether this is the same or not, but I myself am different.
In fact, in my opinion, the word bet is in the word gambling, so these two things are different from the reading sentence but have meanings and meanings that are not much different, even almost exactly the same. Because I think there is no big or strong difference between these two things, the difference is only in how to do it.

The gambling had the betting in it,the gambling games had many betting games.So betting is the amount of money he is betting in the particular game.If the gambling is made with the certain dollars,we will analyse the game result at the end of money holding by the gambling.This money is the remaining money after he made many bets in the game.So the bets may give the gamblers more money or loss of money he used in the gambling site.If the betting give the gamblers some money winning,he should learn to withdraw the money immediately.Else the gamblers will loss the full funds in reverse algorithm of the gambling.

Even I think betting can not only be done in terms of money, but also with other things, I have seen people who bet by betting their assets whether it's a car or other assets. This happened with yesterday's match between the strong teams, Barcelona and Real Madrid, where my friend bet on Real Madrid who said that if his favorite team lost he would give him the cellphone he had and would also shave his head bald, and in the end what happened was he lost his cellphone and also with his hair shaved off, I myself just laughed at him.
With what my friend did, in my opinion, it can be called a bet and can be called gambling because there is something at stake, also with casino gambling where there is a chance to win, we must be able to realize that victory is difficult to obtain, therefore withdrawing victory or profit is something that must be done.

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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

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Quote from: legendbtc on October 28, 2024, 08:22:46 AM

Quote from: summonerrk on October 28, 2024, 07:46:44 AM

Betting is very different from gambling in the eyes of the state. Although I think that in essence they are the same. In many countries gambling is prohibited, but betting is not, and this is strange. Because both of these activities are addictive. And it does not matter that in one case it is a game and in the other a sport. In both cases, chance is very important, and it has the final say in any game and any match. But for some reason in Prime Time I see betting ads, and at the same time I read about new tightening of laws for organizing casinos.

In my opinion, “Betting” and “gambling” are two completely different concepts. These two concepts should not be confused. Betting is not illegal. Betting always has very specific rules while gambling is not regulated by anyone. For example, limits on betting amounts, betting locations, betting times, betting procedures, etc. In short, betting is a lot like buying a lottery ticket.
And it can also be said that betting and gambling are essentially the same. This is also the way the state controls gambling addicts, the state will reasonably manage the players.

I believe that betting is a "noble" way for the state to profit from betting enthusiasts. Hiding behind the wrapper of sports, the state gets money, despite the fact that no funds are allocated from this income to combat addiction. In betting, problematic bettors bet on matches on the ping arena, because they want the bet to win faster. And this is an indicator that they are not so different from problem gamblers.

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Quote from: Julien_Olynpic on October 27, 2024, 09:41:26 PM

You can place bets on both sportsbook and casino sites, but the difference between them is very profound. In a casino, long-term profitable players are basically impossible. If, of course, we are talking about games that are completely based on luck, in which no analysis is possible - these are games like roulette or dice or slot machines. Sometimes casinos host card game tournaments - long-term profitable players can exist there. As for sports betting, there are enough people there who can make a profit in the long term. In general, I would not use the term "sports betting". It is more correct to write about "betting".

I have read that bookmakers do not take kindly to successful players who try to win consistently over a long period of time.

There are people who are very knowledgeable about the intricacies of sports competitions. They try to monetize their knowledge. Sports betting at a bookmaker seems like a great opportunity.

However, bookmakers track players who are successful in the long term and change the rules of the game (to minimize the winnings of such successful players).

Based on this, I am quite skeptical about winning in such gambling over a long period of time.

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Quote from: nimogsm on October 28, 2024, 11:36:56 AM

because bookmakers are easier to control and this category of bets has been around for centuries. Today, gambling and betting are side by side on one site, you can find everything from slot machines to ping pong bets. In my country, bets are freer than types of gambling, they are controlled more closely and licensed accordingly, so not everything. Much depends on who is the beneficiary of the gaming site.

There are many bookmakers who practice betting that can be controlled so that they will get greater profits.
But I don't really differentiate between the two because they are both in one gambling site.

Maybe I prefer to play slot and domino gambling games and like some soccer stuff.
Whether it's different or not, I play both, but it will still depend on luck.

If your country has free regulations for casinos, it will be your chance to play well enough and of course the casinos that are under government supervision will be audited well enough so that there is no cheating.

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Quote from: Jody.Drummer on October 28, 2024, 12:22:35 PM

If viewed from that perspective, the words gambling and betting are indeed different. As OP said, I agree that betting is more about sports and gambling is more about casinos, but from both of these things there are strong similarities, namely the losses and profits that can occur and be obtained by each of us who do it, whether it's gambling or betting. With sports betting itself, many do it with other intentions, such as betting on a team that they really support, unlike gambling where there are various kinds of games while we can try our luck not only in one game, whether this is the same or not, but I myself am different.
In fact, in my opinion, the word bet is in the word gambling, so these two things are different from the reading sentence but have meanings and meanings that are not much different, even almost exactly the same. Because I think there is no big or strong difference between these two things, the difference is only in how to do it.

The gambling had the betting in it,the gambling games had many betting games.So betting is the amount of money he is betting in the particular game.If the gambling is made with the certain dollars,we will analyse the game result at the end of money holding by the gambling.This money is the remaining money after he made many bets in the game.So the bets may give the gamblers more money or loss of money he used in the gambling site.If the betting give the gamblers some money winning,he should learn to withdraw the money immediately.Else the gamblers will loss the full funds in reverse algorithm of the gambling.

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I don't know where it came with the discussions about the comparison of these two. Why there's a distinction when they're just the same for the most of the gamblers? No sense at all if there will be arguments trying to prove each point from siding with any of them or by simply telling that there's still a difference of it. What are we going to get if that's the case? Time after time, the words are having common meaning with how people use it with expressions and actions.

Jody.Drummer

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If viewed from that perspective, the words gambling and betting are indeed different. As OP said, I agree that betting is more about sports and gambling is more about casinos, but from both of these things there are strong similarities, namely the losses and profits that can occur and be obtained by each of us who do it, whether it's gambling or betting. With sports betting itself, many do it with other intentions, such as betting on a team that they really support, unlike gambling where there are various kinds of games while we can try our luck not only in one game, whether this is the same or not, but I myself am different.
In fact, in my opinion, the word bet is in the word gambling, so these two things are different from the reading sentence but have meanings and meanings that are not much different, even almost exactly the same. Because I think there is no big or strong difference between these two things, the difference is only in how to do it.

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

~

Yeah, the difference is between what you're placing your money on. Betting is on events, gambling is on, well, idk, randomness? I mean you can say that a dice rolling is an "event", but in this context the "dice" is just a medium. You're more on placing your money on the random factor more than anything really, unlike the event in betting where it's literally an event outside of randomness. An event that has the result dependent on something or someone.

Quote from: nimogsm on October 28, 2024, 11:36:56 AM

because bookmakers are easier to control and this category of bets has been around for centuries. Today, gambling and betting are side by side on one site, you can find everything from slot machines to ping pong bets. In my country, bets are freer than types of gambling, they are controlled more closely and licensed accordingly, so not everything. Much depends on who is the beneficiary of the gaming site.

Isn't it because sports in general is part of the culture of the country? Hence why betting isn't exactly banned. At least that's how I'd take it from countries that don't ban them. Still confused why they just don't regulate both honestly.

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Quote from: summonerrk on October 28, 2024, 07:46:44 AM

Betting is very different from gambling in the eyes of the state. Although I think that in essence they are the same. In many countries gambling is prohibited, but betting is not, and this is strange. Because both of these activities are addictive. And it does not matter that in one case it is a game and in the other a sport. In both cases, chance is very important, and it has the final say in any game and any match. But for some reason in Prime Time I see betting ads, and at the same time I read about new tightening of laws for organizing casinos.

because bookmakers are easier to control and this category of bets has been around for centuries. Today, gambling and betting are side by side on one site, you can find everything from slot machines to ping pong bets. In my country, bets are freer than types of gambling, they are controlled more closely and licensed accordingly, so not everything. Much depends on who is the beneficiary of the gaming site.

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Quote from: Pandu Geddon on October 28, 2024, 02:54:01 AM

Quote from: gunhell16 on October 28, 2024, 01:05:21 AM

They are the same category of game, and their only distinction is probably that in-house slot games are gambling games that do not require a team instead of just a combination
that wins mostly by luck, in my opinion.

While in sportsbetting, you need to be familiar with the clubs or teams that you are betting on, because that is where the profit you can get is based. You can't know or have no idea
about teams in sporstbetting, as far as I know.

I don't think the game category is the same, but both are forms of gambling in my opinion. while casino games and sports betting are categories of gambling bets.
Both still require luck although the risk of loss from sports betting can probably be minimized with better bet management.
Casino games such as slots and sports betting are forms of gambling bets. no need to question whether both are the same or different. if it involves betting then it is part of gambling.

Well that's right, I agree with that because after all both are still gambling activities where most of the winnings always depend on luck. As you said that the difference is only in the form of the game and the scenario or how someone plays it, and also one of the reasons why both are still considered gambling activities in general is because both activities involve money, opportunities and risks of loss that can be experienced by every gambler at any time when they are lucky or unlucky.

On the other hand, I think this problem depends more on the comfort of each person in categorizing one of the two activities and in general as we often hear that casino games are more often referred to as gambling activities and sports tend to be more often referred to as betting activities.

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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?

They are just the same gambling, I don't even seem to see that there is a difference between them in reality because all gamblers make the same bet. Then sports betting or betting
as we say is probably still lucky.

Apart from that, I also seem to be surprised by op's question, maybe the important thing is that all gamblers enjoy their gambling. And besides,
I don't like playing sports betting either.

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Quote from: summonerrk on October 28, 2024, 07:46:44 AM

Betting is very different from gambling in the eyes of the state. Although I think that in essence they are the same. In many countries gambling is prohibited, but betting is not, and this is strange. Because both of these activities are addictive. And it does not matter that in one case it is a game and in the other a sport. In both cases, chance is very important, and it has the final say in any game and any match. But for some reason in Prime Time I see betting ads, and at the same time I read about new tightening of laws for organizing casinos.

You have spoken really well, but based on my own personal experience, I will have to disagree with you on your thought that gambling and betting are equally addictive, this is not true, and let me also say that I know you did not use the word "equally" in your comment but this is exactly how your comment passes out to me, and perhaps, other users/readers too.

Gambling, as it's related to playing Slot games, card games, casino games, poker and the rest, is way more addictive than betting as this relates to sports mostly,

Gambling is playing games where it take a little more than a few seconds to tell whether you won a game or lost it, and because of this, a gambler can spin on a game more than a thousand times in a day, even under a few hours actually, and the more time one spend gambling, the more chances they have to getting addicted.

Meanwhile in betting, you place a bet and sometimes, have to wait for hours or even days before you know the out come of your bet, this give betters the time to spend doing other things that take their minds away from betting, thereby significantly reducing their chances of getting addicted.

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Quote from: summonerrk on October 28, 2024, 07:46:44 AM

Betting is very different from gambling in the eyes of the state. Although I think that in essence they are the same. In many countries gambling is prohibited, but betting is not, and this is strange. Because both of these activities are addictive. And it does not matter that in one case it is a game and in the other a sport. In both cases, chance is very important, and it has the final say in any game and any match. But for some reason in Prime Time I see betting ads, and at the same time I read about new tightening of laws for organizing casinos.

In my opinion, “Betting” and “gambling” are two completely different concepts. These two concepts should not be confused. Betting is not illegal. Betting always has very specific rules while gambling is not regulated by anyone. For example, limits on betting amounts, betting locations, betting times, betting procedures, etc. In short, betting is a lot like buying a lottery ticket.
And it can also be said that betting and gambling are essentially the same. This is also the way the state controls gambling addicts, the state will reasonably manage the players.

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Quote from: summonerrk on October 28, 2024, 07:46:44 AM

In many countries gambling is prohibited, but betting is not, and this is strange.

Yeah usually they're using this strategy:
1. Betting on something without staking anything, but there's a reward for someone who correctly guess the match.
2. The reward is in valuable thing instead of money.

The first one they will say it's giveaway, while the second one they will say it's not gambling because the reward not in money.

Another thing like gacha or spend money to play something in order to get a prize are legal too even though there's a form of money and prize.

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Betting is very different from gambling in the eyes of the state. Although I think that in essence they are the same. In many countries gambling is prohibited, but betting is not, and this is strange. Because both of these activities are addictive. And it does not matter that in one case it is a game and in the other a sport. In both cases, chance is very important, and it has the final say in any game and any match. But for some reason in Prime Time I see betting ads, and at the same time I read about new tightening of laws for organizing casinos.

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

I know it sounds weird saying casino betting or sports gambling but what do you think about this?

For me there is nothing strange about gambling and betting, even though these two things are often linked in the world of gambling, there are differences between the two, If I'm not mistaken, gambling is one of the activities where a person has not done anything while they open a gambling site and go to a physical casino without doing anything. It can be called gambling/activity, while betting can be said to be one of the actions carried out by someone where they have placed a bet and two factors determine the outcome of winning or losing.

So therein lies the difference between gambling and betting, gambling is commonly said by people, but betting is not commonly said, if you have acted then people will say what you are betting on, where you bet on slots or football, that happens after you get a result, either win or lose, I think that's the understanding for these two things.

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Quote from: viljy on October 28, 2024, 06:00:43 AM

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

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.

These are different things. There is a lot written about these differences here on the forum. It won't be difficult for you to find descriptions of the differences. There are differences both from the player's point of view and from the bookmaker's or casino's side in relation to their respective business.

Some thoughts here. I think some times we can also look at it as a larger or general view and if we look at it that way then we could just say one is a general name while the other just classifies a sperate aspect of gambling. Like I think betting is for a separate kind of gambling as to do sports betting, poker, slot and other games etc. So the act could be called gambling because it involves exchange of money or material for gain or loss. Therefore, I think the act is where the word gambling is coming from while the action could be called betting.

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

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.

These are different things. There is a lot written about these differences here on the forum. It won't be difficult for you to find descriptions of the differences. There are differences both from the player's point of view and from the bookmaker's or casino's side in relation to their respective business.

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Quote from: gunhell16 on October 28, 2024, 01:05:21 AM

They are the same category of game, and their only distinction is probably that in-house slot games are gambling games that do not require a team instead of just a combination
that wins mostly by luck, in my opinion.

While in sportsbetting, you need to be familiar with the clubs or teams that you are betting on, because that is where the profit you can get is based. You can't know or have no idea
about teams in sporstbetting, as far as I know.

I disagree, gambling and betting are two different things, while I have seen the two been used interchangeably, gambling is been used in general anything that involves probability, I have not seen a scario where casino games are been refer to betting, what you will see is gambling!!! every time when people wager their money. Gambling has alot of meaning to people but it's mostly used in casino for trying to win a game of chance from casinos.

Sport games predicting their events are often referred with the term betting while casino games are referred most with gambling. You need skill to bet, you need to make your analysis rights and even do research before you can do betting but you can't do that when it comes with gambling on casino games, no matter how you try Plinko games or Wheels or even Mines, you can't do anything about it with your skills, it's better only luck that can save you.

Topic: Gambling and Betting. Why the Distinction? - page 4. (Read 1282 times)