Gambling and Betting. Why the Distinction? - page 7.

Bravut

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Quote from: Sim_card on May 22, 2024, 11:48:09 AM

Quote from: summonerrk on May 22, 2024, 11:22:53 AM

Quote from: ?? on ??

Betting and gambling do seem similar, but there's a small difference. Betting usually means wagering on sports, while gambling covers a wider range of activities like casino games, poker, and slots. It's about the specific activity you're doing.

When I read the headline, I was surprised, because indeed many people consider batting to be a kind of gambling, although I always believed that batting is a section of gambling.
But in fact, these are the same classes in meaning: the gambler assumes some kind of result of a match or some kind of casino game, after which he puts his money. And as a result, he can either win or lose.
So maybe these two classes are mistakenly separated?

I will say that they have the same meaning but different words and they are used in different events. Gambling is the most common because that is what most people see staking on something with money as. But it is also good that we use these words in the right way to show that we are gamblers. I use to misuse them before but as time goes on with my gambling activities, I came to realize that gamble is used for casinos and betting is for sportbet.

I love your point that as gamblers we use the right word that shows distinction among the crowd, will I say literate gamblers and not some dumb gamblers, lol.

Gambling is used for casino games while betting are for sport event mainly live events like football and the likes. Were analysis and predictions work most of the time in betting but in gambling it really doesn't have any effect.

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Quote from: summonerrk on May 22, 2024, 11:22:53 AM

Quote from: ?? on ??

Betting and gambling do seem similar, but there's a small difference. Betting usually means wagering on sports, while gambling covers a wider range of activities like casino games, poker, and slots. It's about the specific activity you're doing.

When I read the headline, I was surprised, because indeed many people consider batting to be a kind of gambling, although I always believed that batting is a section of gambling.
But in fact, these are the same classes in meaning: the gambler assumes some kind of result of a match or some kind of casino game, after which he puts his money. And as a result, he can either win or lose.
So maybe these two classes are mistakenly separated?

I will say that they have the same meaning but different words and they are used in different events. Gambling is the most common because that is what most people see staking on something with money as. But it is also good that we use these words in the right way to show that we are gamblers. I use to misuse them before but as time goes on with my gambling activities, I came to realize that gamble is used for casinos and betting is for sportbet.

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Quote from: darkangel11 on April 14, 2024, 02:21:05 PM

You don't have to stake money for it to be a bet. You can bet on items, simple things like being right and receiving respect.
Betting is a part of gambling, but you can bet without any money. Friends often bet each other that they can do something and they get respect in return, or they get to eat the last candy or drink free beer at the expense of the loser.
You can bet from time to time without being a gambler, but a gambler is not someone who bets for fun. Usually this word is used to describe serious players. A guy who bets on one football match a month is not really a gambler in the full sense of the word.

I understand the message you are trying to pass. When you gamble, you are obviously risking something but when you bet, you might be trying to clear doubt with anyone but it's involves something. When two people has don't agree on something and doesn't comes to a common ground, they can decide to bet and involve money just to make the other person reason unjustified and that process is still bettinkg You can't bet without gambling, if you involving a risk, then there is not bet in the first place.

However, what I know about gambling is that in casino, they used gambling to refer to as a way of wagering money to play casino games and have money in the end which depend on how the outcomes looks like. While betting is always used to refers to staking money to sport games and events, you are gambling but it's always term as gambling most of the time.

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Quote from: ?? on ??

Betting and gambling do seem similar, but there's a small difference. Betting usually means wagering on sports, while gambling covers a wider range of activities like casino games, poker, and slots. It's about the specific activity you're doing.

When I read the headline, I was surprised, because indeed many people consider batting to be a kind of gambling, although I always believed that batting is a section of gambling.
But in fact, these are the same classes in meaning: the gambler assumes some kind of result of a match or some kind of casino game, after which he puts his money. And as a result, he can either win or lose.
So maybe these two classes are mistakenly separated?

ethereumhunter

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For me, both gambling and betting is the same but with different ways in placing the money as the bet. Both gambling and betting using money and although some people says that's different. Maybe gambling is a game that is an activity that related to casino while betting is placing money to other type of casino. That casino can have sports betting for the activities while other casino have many games such as slot, cards, and other gambling games. But we knows that some online casino have both casino games and sport betting and that's the different. I thinks that can confuses many people about gambling and betting while I am not sure they will thinks about that. They just wants to playing some games with their money in the casino and that's also what people do for place their bet in sports betting.

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Quote from: darkangel11 on April 14, 2024, 02:21:05 PM

Quote from: Twentyonepaylots on April 14, 2024, 12:48:57 PM

Generally speaking, betting is the act of staking money on how something will turn out.

You don't have to stake money for it to be a bet. You can bet on items, simple things like being right and receiving respect.
Betting is a part of gambling, but you can bet without any money. Friends often bet each other that they can do something and they get respect in return, or they get to eat the last candy or drink free beer at the expense of the loser.
You can bet from time to time without being a gambler, but a gambler is not someone who bets for fun. Usually this word is used to describe serious players. A guy who bets on one football match a month is not really a gambler in the full sense of the word.

Hmm it's somehow confusing when reading it from this view, so someone can bet and still not be called a gambler? Or is the terms actually used for serious bettor rather than a one time or someone who often follow up with the acts of gambling? Am a little bit confuse and please forgive my confusion because what I felt before now that is Gambling or betting is actually the same thing as one is tied to the other.

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Quote from: Twentyonepaylots on April 14, 2024, 12:48:57 PM

Generally speaking, betting is the act of staking money on how something will turn out.

You don't have to stake money for it to be a bet. You can bet on items, simple things like being right and receiving respect.
Betting is a part of gambling, but you can bet without any money. Friends often bet each other that they can do something and they get respect in return, or they get to eat the last candy or drink free beer at the expense of the loser.
You can bet from time to time without being a gambler, but a gambler is not someone who bets for fun. Usually this word is used to describe serious players. A guy who bets on one football match a month is not really a gambler in the full sense of the word.

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Quote from: Twentyonepaylots on April 14, 2024, 12:48:57 PM

Gambling encompasses a broader range of behaviors that also include risking money with unknown outcomes, but betting is a type of gambling since, as I've mentioned, it involves anticipating specific outcomes.

For me it would be just like this:

Gambling is when you're putting money on the line with the hopes of winning more money or some other prize. Think of stuff like playing cards, slots, poker, or roulette at any casino could be online or in-house. It's all about taking a risk and hoping luck is on your side.

While betting is a bit more of specific. This happens when you are wagering money on the outcome of something. This could be a sports game, a horse race, or even things like who's gonna win an election or the Paul vs Tyson. You're basically saying, "I think this is gonna happen, and I'm willing to put my money where my finger pointing is."

So, gambling is the bigger umbrella term that covers all sorts of games of chance and probabilities, while betting is more about predicting outcomes and putting your money down accordingly.

Twentyonepaylots

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Generally speaking, betting is the act of staking money on how something will turn out. This might be a reality TV show, an election, a horse race, or any sporting event. Typically, betting is making a prediction about a certain outcome and placing a financial wager on it.

However, the term "gambling" is broad and covers a wide range of activities. With a possibility of winning more money or doubling the amount they spend, people will stake money or other assets on a particular result. This can apply to certain games like slots, dice, or lottery, as well as casino games like roulette, poker, and blackjack.

Gambling encompasses a broader range of behaviors that also include risking money with unknown outcomes, but betting is a type of gambling since, as I've mentioned, it involves anticipating specific outcomes.

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Quote from: Findingnemo on April 12, 2024, 08:31:18 AM

The word gambling/gamble can be used in more wider perspective than just for the actual gambling while betting usually denotes some amount of money at stake. Google shows results from the Wikipedia it's just written by someone and can be edited by anyone so if you want to look out the meaning then both defines the same with slight differences and as long as you understand what it denotes there is no issue at al.

Don't jeopardize any opportunity that comes your way, because winning literally comes from unexpected projects and matches. Gambling and betting are the same thing, do not allow minor words to control one and leaving us in a confused office. There are more useful information in the space, we just have to spot out the necessary ones and ensure to make good use of them. We understand the basic information passed down to us and that will be the end for the day.

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Quote from: khiholangkang on April 12, 2024, 03:48:25 PM

Quote from: Findingnemo on April 12, 2024, 08:31:18 AM

The word gambling/gamble can be used in more wider perspective than just for the actual gambling while betting usually denotes some amount of money at stake. Google shows results from the Wikipedia it's just written by someone and can be edited by anyone so if you want to look out the meaning then both defines the same with slight differences and as long as you understand what it denotes there is no issue at al.

True, gambling is a general view with a wide enough scope that linguistically speaking, betting is also a gambling activity, in my opinion like the parent of the activity of risking money with any mechanism in my understanding.

And I think it doesn't matter if it's betting or gambling with the language that matters to me, I like betting and I also like gambling and both of them I also always play, but indeed if you want to be a smart gambler at least understand what the definition is so that it is more like an insightful person in gambling because it understands what betting and gambling are in language and terms.

Gambling is just the broader term of any activity to risk something of value on an uncertain outcome. Betting is a specific type of gambling where people bet on a prediction. So, in that sense, betting is a subcategory of gambling. The term might be interchangeable to enjoy the activity. Some people differentiate between games that rely purely on chance (like slot machines) and those that involve some skill (like poker).

People may call it betting or gambling, but they need to understand the risks and the odds, because those are the crucial part of the activity. Wise Gamblers know the terminology and the underlying mechanics to make informed decisions. The expectation is still the same which is to win more money after risking less amount of it in the bets. Some people may not care the meaning of the terms, they only do what the want to do with their own intentions.

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Quote from: nelson4lov on April 12, 2024, 05:32:10 PM

So in your books, sports betting is not gambling? Saying that bettors are not interested in gambling contradicts itself because anyone taking on sports bet is taking a gamble on the outcome of the bet.

As for house edge and other differences, I think those are minor as long as you're taking similar actions on very specific risks.

Well to be precise, yes betting is a form of gambling but people who bet often don't really see it as such even though in principle it's similar to chance based games. They think they can overcome chance by utilizing their knowledge of certain leagues. Is this realistic? Of course not. In the end it's more likely than not that the odds as they're fixed by bookies will get to you. It is theoretically possible to have some people that win more predictions than the ones they lose.

But it's rare as I said because if this was the most frequent case bookies wouldn't exist and we'd just all play fantasy league to see who's actually the best at predictions against each other or something. So being realistic we can't expect any form of gambling to let us win all the time, be it chance based games or betting.

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Quote from: Queentoshi on April 11, 2024, 06:40:41 PM

Quote from: nelson4lov on April 11, 2024, 05:50:52 PM

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.

Absolutely. Most people like overcomplicating very simple matters. The terms don't really matter much as long as you're doing the same thing essentially just as you've explained.

Quote from: alani123 on April 12, 2024, 05:02:27 PM

People who do sports bets are sometimes never interested in gambling.
~Snipped

So in your books, sports betting is not gambling? Saying that bettors are not interested in gambling contradicts itself because anyone taking on sports bet is taking a gamble on the outcome of the bet.

As for house edge and other differences, I think those are minor as long as you're taking similar actions on very specific risks.

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People who do sports bets are sometimes never interested in gambling.
The thing is, chance based games are in principle very similar to how bookies set the house edge for sports bets too. For Two possible outcomes, the odds are never 2.0 and 2.0 or above. They're like 1.90 and 1.95 or something. So regardless of how bets are placed in both, there's an edge. And ofc if a large bet is made on one side the odds change and the bookie shifts the multipliers.

So really there's a house edge on every online casino game. But people who like sports sometimes disregard that. I do however think that sports gambling can be a little more renowned than just chance based games of someone is reserved with how he plays. Yes it's very unlikely to keep a winning streak for very long, but it's also not impossible to have some edge over the odds if you're exceptionally good at digesting information about a league you know. It's an unrealistic expectation to have however because if everyone was so good bookies wouldn't have a reason to exist. Grin

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

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 any difference between both words. For me they mean the same thing and I don't know if there is any solid etymological explanation on why both terms should be seen as different between each other. I suppose the distinction is pure speculation by modern gamblers who have seen both terms recently and tried to develop a rational explanation to differentiate one from another. I was reading about this matter on the internet and found an interesting statement from an internet user: "in order to gamble, you have to place a bet", so both concepts are intimately interconnected in a very generic way.

You can say you are going to gamble, to bet or to wager, without any issues. People will understand what you mean, while at same time, these aren't uncommon or wrong terms to be used. They are perfectly fine, and I'm glad we have all of them, so we don't have to use the exact same word everytime we are talking about this matter.

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Quote from: Findingnemo on April 12, 2024, 08:31:18 AM

The word gambling/gamble can be used in more wider perspective than just for the actual gambling while betting usually denotes some amount of money at stake. Google shows results from the Wikipedia it's just written by someone and can be edited by anyone so if you want to look out the meaning then both defines the same with slight differences and as long as you understand what it denotes there is no issue at al.

True, gambling is a general view with a wide enough scope that linguistically speaking, betting is also a gambling activity, in my opinion like the parent of the activity of risking money with any mechanism in my understanding.

And I think it doesn't matter if it's betting or gambling with the language that matters to me, I like betting and I also like gambling and both of them I also always play, but indeed if you want to be a smart gambler at least understand what the definition is so that it is more like an insightful person in gambling because it understands what betting and gambling are in language and terms.

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Quote from: Findingnemo on April 12, 2024, 08:31:18 AM

The word gambling/gamble can be used in more wider perspective than just for the actual gambling while betting usually denotes some amount of money at stake. Google shows results from the Wikipedia it's just written by someone and can be edited by anyone so if you want to look out the meaning then both defines the same with slight differences and as long as you understand what it denotes there is no issue at al.

Gambling is a general term and betting is part of the term and for that we can still go ahead to ask when someone says he is a gambler you ask them what type of gambler is he and if he plays casinos games or just sports bets.

So for sure we need the clear off every form of misconceptions that may not arise to cause any confusion of both terms.

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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?

Whatever you call it, that can still be consider as gambling as long as you place a bet with your money with a hope of winning and multiplying that money. Gambling is very broad, and every individual have their own interpretation about it and for me sports betting are just like casino betting as both of them have the risk and always have the money involve.

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Well, this is clear to me, for me sports betting is very different from games of chance, because games of chance for me are representations of roulette, slot machines and things like that, but in reality for me sports betting is sports and requires much more knowledge and technical knowledge in occasions, in fact, for me sports bets have many more possibilities of winning, because they are done with knowledge, on the other hand, in games of chance, even if you know a lot, it is not possible to win, so that in view of these things we cannot play with so much freedom, we know that games of chance are just luck and that we have to take advantage of that luck when we are on a roll, sports bets can be won knowing, very rarely it is because of luck , but it is something that is much clearer.

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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?

If you look at it from the nature of this definition it sounds different because of the difference in language, namely between betting and gambling but in fact the definition is the same, the mechanism is the same and both also bet money, it's just that we are more used to hearing that betting leans on things related to physical activity such as soccer matches, chess, boxing, volleyball, poker and other things like horse racing that we also often when choosing one of the teams to bet money on the course of a match it will be called a bet.
But meanwhile if gambling in the casino on the house game we call it gambling, and I am also often confused to define it but basically the two things are both betting money or goods to get a prize for the owner of the correct choice.

Topic: Gambling and Betting. Why the Distinction? - page 7. (Read 1297 times)