Gambling Meaning Pronounce
The activity of playing games of chance for money and of betting on horses, etc. Definition of online gambling in the Definitions.net dictionary. Meaning of online gambling. What does online gambling mean? Information and translations of online gambling in the most comprehensive dictionary definitions resource on the web. Gambling (usually uncountable, plural gamblings) An activity characterised by a balance between winning and losing that is governed by a mixture of skill and chance, usually with money wagered on the outcome.
Gambling
Gambling Meaning Pronounce Meaning
Gambling is the wagering of 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. Gambling thus requires three elements be present: consideration, chance and prize. Typically, the outcome of the wager is evident within a short period.The term gaming in this context typically refers to instances in which the activity has been specifically permitted by law. The two words are not mutually exclusive; i.e., a “gaming” company offers “gambling” activities to the public and may be regulated by one of many gaming control boards, for example, the Nevada Gaming Control Board. However, this distinction is not universally observed in the English-speaking world. For instance, in the UK, the regulator of gambling activities is called the Gambling Commission. Also, the word gaming is frequently used to describe activities that do not involve wagering, especially online.Gambling is also a major international commercial activity, with the legal gambling market totaling an estimated $335 billion in 2009. In other forms, gambling can be conducted with materials which have a value, but are not real money. For example, players of marbles games might wager marbles, and likewise games of Pogs or Magic: The Gathering can be played with the collectible game pieces as stakes, resulting in a meta-game regarding the value of a player's collection of pieces.