Monday, August 04, 2008

Definition of Gambling

the cardsharps paintinggambling (v)

  1. Present participle of gamble.

gamble (plural gambles)

  1. A risk undertaken with a potential gain. A significant risk is implied
  2. A risky venture

gambling (n) (plural gamblings)

  1. An activity characterised by a balance between winning and losing that is governed by a mixture of skill and chance.

According to Wikipedia:

Gambling has a specific economic definition, referring to wagering money or something of material value on an event with an uncertain outcome with the primary intent of winning additional money and/or material goods. Typically, the outcome of the wager is evident within a short period of time.

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