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

EarnOnVictor

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Quote from: Alphakilo on April 10, 2024, 06:57:19 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?

Lol...You know what? One thing I've learned in life is that, at times, the more you look, the less you see, and the more you seek, the more you confuse yourself. Why not take it simple, for you not to get yourself confused? Next time, I advise you to visit your dictionary for the words that are misleading to you, and not Google to avoid random and unverified teachings, except you would use Google's dictionary, which will still serve the same purpose.

Frankly, betting and gambling are the same thing, there can't be a controversy here, because Betting is a form of Gambling. When you gamble, you bet on something, and when you bet on something, you are actually gambling. The two are even more than synonyms, they are the same thing that fits a sentence or write-up differently. Do not let sports betting and casinos deceive you, it's not a big deal to silence the betting in casino labelling.

As a matter of fact, gamblers are betting on games of choice in casinos.

KiaKia

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Gambling is all about luck.

Betting is also all about luck.

They both have two sides to their results, it's either you win or you lose, it smells risky all around, so therefore, it is still a gamble.

By the way, what will this differentiate do to gamblers? I don't get, it's not as if there is a strategy to betting or to gambling here that we need to learn, it is simply a waste of time.

It's better to think more about how much you will be willing to lose than win, always risk only what you can afford to lose and that's all.

EluguHcman

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To me casino gambling is associated with diverses of gaming activities while sports bets are specifically sport activities which is not associated with other games such as the cards, poker or in general the electronics and the video games including the lottery games in the Casinos games of which it does not determine the winner by the teams as it maybe in the sport games but of personal skills situated on the casino games.

Fivestar4everMVP

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Quote from: Alphakilo on April 10, 2024, 06:57:19 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?

Well, I have always believed this two words have a distinction, and I've always tried my best to apply this this differences in my posts and comments, I personally have always believe gambling to be more related to playing casino and slot games, which we do generally refer to as games of luck, or game of chances.

While on the other hand, I've always tried to relate anything like betting to sports, price predictions of currencies, like predicting what price bitcoin will be trading at; at a certain period or time, this is betting.

So, in essence, or in the nutshell, we can say that betting is when we predict the outcome of a sports match, or just about anything, and stake some money on that our predicted outcome, which we stand to lose just at the end, that thing end up not turning out the way we predicted it.
While gambling, we can refer to this as staking on games where we get the result or outcome in real live mode, or in just about a second or two, example, like casino games and slot machines, where I click a button this second, and by next second, we get to know whether we won or not.

moneystery

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when we refer to gambling, we usually refer to activities in casinos, for example poker, slots and other games, because in general gambling is an activity where someone risks something to get money from something that is uncertain and in short term. meanwhile, when we say betting, it usually refers to a sportsbook, where someone has an agreement with the bookmaker to place their predictions on a match, and usually this will involve analysis and later the winner will get money. however, on several occasions, many gamblers incorrectly mention these two things, and say that betting is the same as gambling, yeah that is wrong but usually it is not too much of a problem.

Rruchi man

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Quote from: yahoo62278 on April 11, 2024, 03:27:11 AM

A game with or without skill involved determines the difference?

It makes sense because if you break down the word to sentence usage;

-I made a bet.
It kind of indicates that a quick action was taken.

- I gambled.
It kind of indicates a slower action taken that involved some skills.

Maybe I am just overthinking again Grin

yahoo62278

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Both the same but I guess if you are betting on a 5000-1 longshot you are technically gambling more than if you bet on a 2-1 favorite. Slots are a total gamble as well, where a game such as blackjack has a skill factor in it. Maybe that's the difference? A game with or without skill involved determines the difference?

Davidvictorson

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In my estimation, this is just semantics. Betting and gambling can be used interchangeably depending on the context and the audience. Why it looks like there is a distinction is because it has been used over time. When I play slots, I wager some money on it which is also betting. When I go to the physical bet shop to bet on a weekend match, I tell them that I am there to gamble.

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Quote from: Alphakilo on April 10, 2024, 06:57:19 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 may sound different or defined different but in general, they are all gambling. The only difference between them is that betting deals with sports while gambling deals with casino games and many others that fits in. So no matter which you prefer to play, you will still be a gambler there's no word like better. Gambling or betting It still depends much on your luck weather you will win or not that's how it all works.

davis196

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Quote from: Alphakilo on April 10, 2024, 06:57:19 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?

Sports betting is a niche in the gambling industry, but when someone says gambling, what comes to mind is the traditional casino gambling with games like poker, blackjack, roulette, etc. Lottery and bingo games are also considered gambling, but they aren't hardcore gambling, just a really modest version of gambling. You have to bear in mind that traditional gambling is way older than sports betting, maybe that's why many people make a distinction between the two. Personally I put sports betting somewhere between old school casino gambling and the lottery/bingo/keno games.

Gozie51

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This is about the little difference in the kind of mode of the game like in sports, we are talking about teams in competition and so it will be convenient to use betting on for it to say this is what will happen at the end and we attach money to it or a condition to it to be sacrificed by the other gambler especially in offline gambling. But in casino it is more like an individual with the house game and so that is where the difference come as gambling to win the house on the game it has presented. However, the act for both is gambling because they involve staking of money.

Pi-network314159

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Quote from: JMBitcointernational on April 10, 2024, 07:43:16 PM

Quote from: Alphakilo on April 10, 2024, 06:57:19 PM

Snip

Op from my own perspective I will rather consider the difference as a mere semantics because ordinarily in our local settings we see both gambling and betting to mean the same thing because both words are trying to portray same thing .just like when someone is trying to distinguish between indoor and outdoor games , the two here are trying to define sports but both of them are being performed in different places.

When you place a bet for the sole purpose of getting something in return is also the same when you gamble in a casino house for the sole purpose of getting something in return.the both talk about trying lucks but the process of achieving it might differ.

Your explanation matches my instincts. I was thinking same thing. Both are thesame just as you have said that placing a bet for the sole purpose of getting something in return also also applicable when we gamble on casino. The sole porpos of gambling is for fun and making money in return so whichever way, all are thesame. Gambling and betting are same thing just depends on how people sees it.

Barikui1

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Quote from: Alphakilo on April 10, 2024, 06:57:19 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?

As for me, I actually sees it as the same thing, just that what separate their comparison is that in sport betting, since both teams are playing against each other, you can use the expression that you are betting on this or that particular team to win.

While in the casino, their is no competition between any team, or anybody, but both of them are still gambling to me, since it all have the same attributes, because you can get addicted by any of them, and to be frank, I sees all of them as gambling, wether football, basketball, tennis or casino

Questat

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I think both would fell on the same industry, because casino and sportsbook belong to the gambling industry.

They may be called differently but what we are doing is just gambling. Betting and gambling, that's the same IMO.
Nothing to complicate here, just take it simple, and instead, spend that time finding a way to win in gambling, not it's meaning or anything. Grin

Coin_trader

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Quote from: Alphakilo on April 10, 2024, 06:57:19 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?

Gambling is the general term use when you are risking money while betting is the specific term when you place a money on any gambling platform. Therefore you can categorize betting as form of gambling.

You can use the word bet on any gambling games including casino games or sportsbook. Betting is not exclusive to sportsbook alone.

Lastly, it’s not weird to say casino betting you place bets on any casino games, it’s just typically being mention on sportsbook because they just incorporate betting on sports that’s why it’s called sports betting or rather betting on sports.

You will often hear the casino dealer says “Please place your bets” or “Bets are close, no more bets” therefore it’s being use on casino either.

Fatunad

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Quote from: Alphakilo on April 10, 2024, 06:57:19 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?

Gambling pertains about putting up some money to earn money or simply it is really just that in overall the same concept that you are betting on something to win something.
It do really just turns out that betting is really that commonly be considered or use in sports betting rather than the term used when you do deal up with those things rather than on casino games.
If we do really tend to dig throughly or something that in-depth understanding then it is really just that all the same and this is something just in default. Why do bother if betting and gambling is just the same?
Of course as long money is involved then you are really that risking up your money to win money. It do only differs on how its been done because sports betting and casino games are totally different to each other.

Julien_Olynpic

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The difference between sports betting and random casino games is that in betting you can do at least some analysis and at least somehow predict the outcome of the match, but in random casino games the outcome of the game is completely random and therefore completely unpredictable. Based on this, in sports betting there is a small percentage of people who are profitable in the long term, and in casino games such as dice or roulette there are no people who are profitable in the long term. Therefore, it makes no sense to play dice or roulette, counting on long-term winnings. I can theoretically admit that there are such phenomenal people who can be long-term profitable at roulette, but my mind refuses to believe it.

pinggoki

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Gambling is the general term, if you look at the definition of gambling in Google, it says there that you're wagering something of value on a random event with the intent of winning of winning something else of value, those are the exact word for word on the first result which means that gambling is the term and betting is just a type of gambling. Betting is still wagering of value to a not so random event because it depends on who's the likely winner since there's skills involved but still, it's still totally random as underdog winnings can still happen, that's why they god odds right? If you really want to specify the distinction, maybe you can put betting as a subtype of another subtype and that subtype being the not so totally random subtype. I don't know the reason for the need for the distinction though, I don't even believe you can even get confused because one is an activity (betting) and the other is what you call that activity (gambling).

Fundamentals Of

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It's just the same. It may be that betting is more associated with sports betting, but betting is a general term that refers to making a bet. And that's what you do in all of gambling, whether it's sports betting or dice, crash, poker, slots, etc. They're all gambling and for you to be able to join or play and get a chance to win, the main thing that you need to do is to bet. In the context of gambling, to bet is the same as to gamble. Betting and gambling mean the same thing.

Assface16678

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Well, OP, you already searched for the difference between gambling and betting, so you should already know the difference between them and the meaning of each of them. Gambling is more on games that can be seen in casinos, baccarat, slot games, and many more games that originated in casinos, and they are games that require staking of money in order to play, while betting is where you are staking money on "someone" or a team, meaning your winnings depend on a person or an animal. In sports betting, you will bet on a certain team on who will win, or in boxing, you will bet on a person that you think will win. In example, in horse racing, you will bet on a specific horse you think will win.

See the difference now? In gambling games, you will be the one that determines your winnings because you will be the one that plays, while in betting, you will bet on someone that you think will make you win.

Topic: Gambling and Betting. Why the Distinction? - page 4. (Read 468 times)