The most precise definition of gambling? - page 4.

maxhor

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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?"

Your opinion about betting and gambling is same is right, gambling is something which can multiply our money by taking risk so there is high risk involve in it than if our prediction went wrong than we could lost our amount there, so where risk factor exist and we have no safe way to make money without hard work that is gambling.

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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 risking your money on the outcome of a specific match or event which is gambling. If we define gambling we could say it's betting or taking risks from our action expecting to get good results whether it be involved with money or not.

Herbert2020

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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?"

you really don't need to define gambling or betting or any of other terms you may come up with in order to use them. do whatever you want and define them however you feel like. it doesn't change anything.

but generally i define gambling like this: anything that involves money and there is a risk of losing alongside a chance of winning with the condition that the chances are not predictable can be considered gambling.

electronicfactura

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Gambling's meaning for taking risk voluntarily knowing that you can loose your already owned thing. You are well informed that this result can be in favor of either side against who your are competing. Gambling means putting at stake to check your prediction or guess to make or loose something.

--DarkSecrets--

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I don't know what is precise meaning and i don't search it on google .I will answer it with my own understanding.

Gambling is a high risk investment which needs you to invest and play with your money without knowing if you can make it grow or lose .Gambling for me is not just a profit it is made for the people who want fun and to unwind with thierselves or with friends too.

milewilda

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As i search on google. This is the definition i see.

gerund or present participle: gambling
1.
play games of chance for money; bet.
"she was fond of gambling on cards and horses"
synonyms: bet, place/lay a bet on something, stake money on something, back the horses, game; informalplay the ponies
"he started to gamble more often"
2.
take risky action in the hope of a desired result.
"the British could only gamble that something would turn up"
synonyms: take a chance, take a risk; informalstick one's neck out, go out on a limb
"investors are gambling that the British pound will fall"

Betting is part of gambling because you would definitely bet in able to gamble.

FrueGreads

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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?"

I also agree that betting is a form of gambling. For me gambling is to take some risks in order to win something back. It's pretty much like an investment. The problem is, that on most of the gambling options, there is no reward for doing it on the long run, since the house had the edge. So you are actually gambling based on pure luck. And this is probably where a lot of discussion starts, when you try to consider if poker, or trading, or sports betting, are forms of gambling. In my opinion, they all are, since you are risking in order to get a return. But on these last ones, you actually have a chance to get some profit back not just by luck, but by good analysis and strategy.

neochiny

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Hmm. I just categorize it as "Anything involving money in a game is gambling".
Doesn't really matter what the games are or the luck vs skill ratio. As long as it involves the risk of losing money, or the gain of winning some money, then it's gambling.

I also just classify betting as a form of gambling. Like a term usually used when betting on sports, races,politics,etc.

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Gambling comes apparently from Old English gamenian "to play, joke, pun" which is related to our word 'game'. So, we can say that gambling is an act of playing some game involving money. Betting is considered by many to be more reasonable than gambling. For example, when you do sport betting you can (theoretically) analyze the teams, its strategies and chances.

olubams

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To me gambling is simply an activity aiming at getting back a particular amount of return which is a multiplication of what is being put in with an acceptable amount of risk that the individual is willing to take in other to generate such return. However, as profitable this could be an individual could also lose some or all his income in this venture and not achieve the objective set at the beginning of such exercise...

fantoos

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I think there is confusion about gambling. Where we can lose our money that is related with gambling in any form or method. Some people call it betting and some think betting is only words for sports betting. But I don't think betting or gambling different all type of gambling is risky.

victoryboy

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It is not confusion at all when it will be to define gambling in simple but most effective way. I will define gambling as anything which is game or guessing or to predict but there is some risk involved in this as of loosing or winning is called gambling. Anything which can bring you profit or loss in the end in gambling near me.

mindrust

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If it depends on luck only, it is gambling.

The more skills are involved, the less gambling it is.

Every financal move has a bit of gambling inside. The more ridiculous they are, the more gambling there is. I hope this helps.

Throwing a dice to make money>>Gambling

Buying Tesla stocks>> May be gambling or not, depends on your knowledge.

Buying gold>> According to the history, it is an investment.

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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?"

According to oxforddictionaries:

Quote

Play games of chance for money; bet:
‘he gambles on football’

1.1[with object] Bet (a sum of money):
‘they gambled their money on cards’

https://en.oxforddictionaries.com/definition/gamble

Gambling = playing a game to chance/earn money(risk to lose), bet = money used for gamble.

This is makes confused indeed, since people used "gambling" or "betting" at the same sentence.
From what i see "gamble/ing" is a subject, and "bet/ing" is an object which its relate to each another.

DimensionZ

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From MacMillan Dictionary:

gambling:

1. an activity in which you risk money in the hope of winning more money if you are lucky or if you guess something correctly
2. a situation in which you take a risk on something that can give you important benefits

betting:

the activity of trying to win money by placing a bet (=guessing the result of a race, game etc)

I think gambling is the broader term and betting is included in the umbrella definition - gambling.

referalol

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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.

thejaytiesto

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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.

kodes88

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I see here is just the same answer, The answer that say that gambling and betting is the same things, but in a different word.
So we all can say Gambling and betting is the same things. Maybe there is a little difference between them,
but a whole definition is a same definition,

romero121

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Gambling is the act of playing for stakes in the hope of winning in which the user includes the payment of a price for a chance to win a prize. It also means more the amount placed by the user more will be the prize to be won or lost.

J Gambler

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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?"

Gamble when you playing or involving money in your game placing bet's or betting in games and chance of winning money it is already a gambling. Betting = Gambling taking risky action in the hope of a desired result That's the real definition for gambling to me and i don't know to others if we have the same thoughts.

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