Lottery – a game with established rules where players buy tickets for a chance to win cash or other merchandise prizes.
Gambling – a game or mutual bet according to established rules whose participants, seeking monetary gain, voluntarily risk losing an amount they have paid in, and where winning or losing is determined by chance, by some event, or by the result of a sport competition.
Sports betting - Sports betting is the activity of predicting sports results and placing a wager on the outcome.
DifferencesIn a lottery, players compete against other players. A lottery’s prize fund is set in advance and the lottery operator does not participate in the game.
In gambling, players compete individually against the gambling operator. It is in the gambling operator’s interest to win against the players.
In Sports betting - In sports betting players places wagers on sports that include but not limited to football, basketball, baseball, hockey, track cycling, auto racing, mixed martial arts, and boxing at both the amateur and professional levels.
We have an active gambling discussion section and I would very much love to hear the opinions of experienced gamblers on which has better odds, lottery, online gambling, or sports betting?
Note: The idea for this post came from reading this article on
Quora Well most of us will agree on sports betting since you can really love that sport and know who’s winning that day or at least have better chances to take a side. Most of the time it going to be 50 or 55% rate for each bet so you can sit and enjoy your game or match or whatever sport you love to bet on.
But for the fun i prefer gambling hehe, it’s more risky and have more chances to win big and lose big too but I’m not a very patient guy in gambling and that’s my big issue