The most precise definition of gambling?

voztata

hero member

Activity: 998

Merit: 504

Quote from: gandame on April 06, 2018, 03:52:19 AM

Quote from: mostkey on November 10, 2016, 08:15:12 AM

there is still much confusion about the definition of gambling, including me. Especially about the difference between Betting and Gambling, despite the fact that I think Betting and Gambling it is the same thing. So here I want to know "What is the most correct definition for gambling?"

Betting is also a gambling you bet to win. Gambling is a risky you can win or lose in short time no need a strategy or knowledge, on gambling you need a luck for you to win. If you have no luck accept the fact that you will lose everything your money.

Gambling and betting are definitely one and the same thing. At most, the difference would be in gambling, a gamblers plays the game himself while in betting he chooses one of the two competitors and places his money on him.

For example, in sports betting, people mostly place bets on one of the two teams while they themselves just sit and wait for the outcome. In the end, both are useless and luck dependent.

changcloy

full member

Activity: 448

Merit: 107

Quote from: mostkey on November 10, 2016, 08:15:12 AM

there is still much confusion about the definition of gambling, including me. Especially about the difference between Betting and Gambling, despite the fact that I think Betting and Gambling it is the same thing. So here I want to know "What is the most correct definition for gambling?"

For me the two has the same meaning it engage both money. Gambling and Betting are hoping for luck also both are risky ,because in the game you cannot assure your self if you will win. Either the two can make a person's life a mess for most of the time they will be addicted to it.

ricardobs

hero member

Activity: 1204

Merit: 505

Quote from: gandame on April 06, 2018, 03:52:19 AM

Quote from: mostkey on November 10, 2016, 08:15:12 AM

there is still much confusion about the definition of gambling, including me. Especially about the difference between Betting and Gambling, despite the fact that I think Betting and Gambling it is the same thing. So here I want to know "What is the most correct definition for gambling?"

Betting is also a gambling you bet to win. Gambling is a risky you can win or lose in short time no need a strategy or knowledge, on gambling you need a luck for you to win. If you have no luck accept the fact that you will lose everything your money.

Basically, it’s gambling in which we do a lot of betting and win huge amounts of money if we are luckier enough but if the case is opposite, then nothing will be by our side except regrets. Some people think gambling is risky because they can’t afford the losing unlike the people who say gambling is not risky because they can easily afford the losses from gambling. Strategies don’t work in gambling but knowledge does.

upsidedown75

legendary

Activity: 1288

Merit: 1036

Quote from: piloder on April 05, 2018, 06:54:50 AM

Gambling = Risking what you have

When you will risk more than what you can afford to loss than it will make you sad and frustrated.
When you will risk only what you can afford to loss than even if you will loss some you will get entertained.

Crypto trading for newbie is also just like other form of gambling...

Exactly, gambling is equal to risking of everything you have in your house or in your pocket, also because people are well aware of the fact that the money will be doubled and if I will win and all other things will be in waste. Risking all of your things is nothing else than a big blunder from ones side because the money you people earn from gambling is not actually yours. It is borrowed and it has to be fulfilled.

mostkey

sr. member

Activity: 742

Merit: 253

I was surprised to see this thread billowing to the surface. this is the thread I created in 2016. when I do not understand anything about gambling. Grin

and I am very grateful to all the members who have entered in this thread. so it can make me understand all kinds of gambling. Wink

Qartersa

hero member

Activity: 868

Merit: 535

Why does it matter all of a sudden, anyway?

Actually, to be really precise about it, gambling is referred to anything that has to do with business. When you put money in on the premise of growing said money, that is already gambling. But the thing is, by culture and religious practice, gambling connotes a game whereby people carelessly waste hard-earned monies. Hence, it is being widely ostracized by the religious and conservatives which I find really wrong. You know, business per se is a gamble; now, does that mean that business is not good?

The takeaway here is to not stereotype the term gambling because gambling alone does have multifarious meanings. I am so glad this topic is discussed in this forum so as to put an end to wrongful limitations of terminologies.

bitcoinisbest

hero member

Activity: 1218

Merit: 557

Quote from: gandame on April 06, 2018, 03:52:19 AM

Quote from: mostkey on November 10, 2016, 08:15:12 AM

there is still much confusion about the definition of gambling, including me. Especially about the difference between Betting and Gambling, despite the fact that I think Betting and Gambling it is the same thing. So here I want to know "What is the most correct definition for gambling?"

Betting is also a gambling you bet to win. Gambling is a risky you can win or lose in short time no need a strategy or knowledge, on gambling you need a luck for you to win. If you have no luck accept the fact that you will lose everything your money.

Gambling the lucky paradise for those lucky people who win the big bucks. Those clever people who make money and quit at the expenses of the those people who consider the gambling as a money making zone and keep losing money for others benefit.

supermine

hero member

Activity: 826

Merit: 518

Gambling and betting both are same,maybe people we use different terms to denote the same terms.But definition of gambling in my opinion is risking out money to earn money but don't know this is the precise definition or not.But we no need the definition for doing that just what we have to know is it is not an money making business,it is found for entertainment purpose.So never use only for making money and if you do never cry if you lose your money.

coinplus

legendary

Activity: 1386

Merit: 1058

Quote from: ethereumhunter on April 04, 2018, 03:35:56 AM

Quote from: mostkey on November 10, 2016, 08:15:12 AM

there is still much confusion about the definition of gambling, including me. Especially about the difference between Betting and Gambling, despite the fact that I think Betting and Gambling it is the same thing. So here I want to know "What is the most correct definition for gambling?"

in my opinion, betting and gambling is the same thing although the games are different but the purposes is same between betting and gambling. we are betting and gambling to make money as the profit in the games and we spend much time to try to earn money from the winning the games. I think you don't have to confuse about the definition of gambling and let it be like that because every people have each definition and it cannot force to be one definition.

What a precise definition indeed and a very funny way to put it lol. I was surprised when I even heard in my country that there are people who do this for a living (sports betting) and they make a lot from it anyway. As long as you do not know the outcome of anything and you are placing valuable money on it and expecting it to favor you even when knowing you can lose it all, then it is gambling. A lot of people have dreamed of becoming rich quickly but unfortunately it ended otherwise.

gandame

hero member

Activity: 924

Merit: 505

Quote from: mostkey on November 10, 2016, 08:15:12 AM

there is still much confusion about the definition of gambling, including me. Especially about the difference between Betting and Gambling, despite the fact that I think Betting and Gambling it is the same thing. So here I want to know "What is the most correct definition for gambling?"

Betting is also a gambling you bet to win. Gambling is a risky you can win or lose in short time no need a strategy or knowledge, on gambling you need a luck for you to win. If you have no luck accept the fact that you will lose everything your money.

serjent05

legendary

Activity: 3010

Merit: 1280

Get $2100 deposit bonuses & 60 FS

Quote from: referalol on November 11, 2016, 10:51:41 AM

Quote from: thejaytiesto on November 11, 2016, 10:38:37 AM

It is not clear because like i aid before, some people think there is skill in gambling, some other people think there is no skill in gambling and it's raw luck.

Poker = gambling or a game of skill?
Dice = gambling or a game of skill?

etc

It's very hard because some people consider gambling to be true for certain games and others don't.

I think poker is a game that uses skill, because it is very clear in poker we really think to win.
While Dice is a game that really uses luck. Because there is nothing great, all the same.

Poker still depends on chance, it is how you play your card but the deciding factor is the last drawn cards. You can bluff to your heart content but if the player is as skilled as you in bluffing it will end up on the last drawn card. So at the end gambling game really a game of chance.

zanezane

full member

Activity: 868

Merit: 150

★Bitvest.io★ Play Plinko or Invest!

We perceive gambling differently as we gamble for fun and some for money. Some just want to feel the risk and chills that gambling can give. And these can feel at the same time and when you won there's something inside us that it feels like we accomplish big things. So yes, gambling defines all of these and if one of these lacks it won't be that fulfilling.

Rinsend

sr. member

Activity: 784

Merit: 262

AZBI NETWORK - Multichain system

Quote from: Tungsten-1 on April 05, 2018, 02:39:14 PM

Quote from: Rinsend on April 04, 2018, 12:08:30 PM

Gambling is when you put a money bet on something like a game to double that money. And for betting and gambling I think it's just the same, but gambling is when you place a bet on a game like poker and you have to play, while betting is when you place a bet and you do not have to play, just like sport betting, you're just guessing and see who wins. But in essence both things are the same.

People say that they are paying gambling for fun but the main reason for their gambling is to earn money; a lot of money to live a luxurious life but they don’t want to show this thing as people will make fun of them if their secret would be revealed . Basically, in gambling we make different bets and after winning that bets, our money is doubled. Betting is also a part of gambling and its component too.

I can say I agree with you, but we can not judge all gamblers are definitely gambling for money, because for those who mainly have a lot of money, they gamble just to pass the time and double the money is just a bonus.

Tungsten-1

sr. member

Activity: 994

Merit: 256

Quote from: Rinsend on April 04, 2018, 12:08:30 PM

Gambling is when you put a money bet on something like a game to double that money. And for betting and gambling I think it's just the same, but gambling is when you place a bet on a game like poker and you have to play, while betting is when you place a bet and you do not have to play, just like sport betting, you're just guessing and see who wins. But in essence both things are the same.

People say that they are paying gambling for fun but the main reason for their gambling is to earn money; a lot of money to live a luxurious life but they don’t want to show this thing as people will make fun of them if their secret would be revealed . Basically, in gambling we make different bets and after winning that bets, our money is doubled. Betting is also a part of gambling and its component too.

piloder

legendary

Activity: 966

Merit: 1006

Gambling = Risking what you have

When you will risk more than what you can afford to loss than it will make you sad and frustrated.
When you will risk only what you can afford to loss than even if you will loss some you will get entertained.

Crypto trading for newbie is also just like other form of gambling...

jrrsparkles

sr. member

Activity: 2520

Merit: 280

Hire Bitcointalk Camp. Manager @ r7promotions.com

Simplest definition for gambling is risking our money. Cheesy

Gambling and betting looks like the same meaning but not all bettings can't be considered as gambling because sometime we are play bets betwwen friends for some kind of this so it is not gambling.

Rinsend

sr. member

Activity: 784

Merit: 262

AZBI NETWORK - Multichain system

Gambling is when you put a money bet on something like a game to double that money. And for betting and gambling I think it's just the same, but gambling is when you place a bet on a game like poker and you have to play, while betting is when you place a bet and you do not have to play, just like sport betting, you're just guessing and see who wins. But in essence both things are the same.

Zlatna Kopa4ka

jr. member

Activity: 126

Merit: 1

Quote from: iv4n on April 03, 2018, 02:30:36 PM

Quote from: Zlatna Kopa4ka on April 03, 2018, 01:59:43 PM

Gambling is wagering your money or something of value on an event with an uncertain outcome with the primary intent of winning money or material goods. Gambling thus requires three elements be present: consideration, chance and prize. I'd say betting is only common in sports, so that makes gambling and betting different, they are definitely not the same thing.

First you say "wagering your money or something of value on an event", that is betting on sport. Nevertheless I wish to point out some your words, especially part " wagering your money or something of value", isn't that something that we deal every day in our life's with almost everything that surrounds us? Part " with an uncertain outcome" is completing the thought! We don't know what will happen in our relationships, jobs, with our countries, people around, we can't predict the future but we invest ourselves, our bodies, souls and minds into many things with hope in good outcome, but lives teach us that many many things doesn't have good outcome, investments crash in pieces in seconds, without expectation and any announcements, will we be alive tomorrow? Who can guarantee that?
There is no definition of gambling, there are just numbers, chances and odds that can be applied on everything! Will something happen or not? Will you be alive tomorrow, will you find a girl or job, what will happen with anything.. Chances are different, that makes odds lower or higher depends on situation, you decide on what to bet, in what to invest yourself, again you hope for the best results, profit depends from how much you wish to give and odds, everything can be calculated. Don't trick your self with history and statistics, it can help but every new day, every new game, deal, spin or throw is for itself, as long as we live we make bets.

Wagering your money or something of value on a event, doesn't have mean that the 'event' part is a sport. You place your money on a roulette or the slots isn't that gambling your money? Its most definitely not betting.
You're saying that we deal with wagering our money everyday in our life with everything that surrounds us, bro what you on about? I definitely don't do that on a monthly basis, especially not daily.
The part with the uncertain outcome, of course its an uncertain outcome, if its not rigged or something how can you be 100 per cent sure that you'll win? Of course we can't predict the future and still invest in ourselves but what has that to do with gambling, I just can't get.

Aikidoka

sr. member

Activity: 1078

Merit: 342

Sinbad Mixer: Mix Your BTC Quickly

I believe that gambling is done by playing with different people either online or in real life. It also includes betting over money or something else. On the other hand, betting is done by betting an amount of money in order to win a large of money in the end. To elaborate, you are not going to play against people but with people, and if you get the right results of games or football games, you will win the money or share it. They both are relatable.

upsidedown75

legendary

Activity: 1288

Merit: 1036

Quote from: okissabam on April 03, 2018, 08:20:25 AM

In my opinion, betting is a form or gambling. And gambling for me is any dice or card game, illegal or legal that basically involves money. It is addictive once you like how the game goes and sometimes if it makes you win at first and you want more gains and profits from that game, that’s why most greedy people comes from gambling.

You have given a very good definition of gambling. Moreover, I would like to add in this that people like gambling as a source of income not as a game that’s why people love to gamble and become addicted to it in a very short Interval of time. Gambling was and will remain addicted throughout your as well as mine life because no country would like to see her people dying because of things that are meaningless.

Topic: The most precise definition of gambling? (Read 1490 times)