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Gambling

Gambling iswagering (or betting)money on gameschance. Thoughmanyisformrecreation,can becomepsychologically addictiveharmful behaviorsome people. Because ofnegative connotations ofword, casinos often useeuphemism "gaming"describerecreational gambling activitiesoffer. Gambling may also referengagingany high-risk behavior.

Because ofgenerally negative religious view as well as various perceived social costs, gamblingeither banned or heavily controlled (licensed)many jurisdictions. Consequently, gambling hasbeen linkedorganized crime. Conversely,close involvementgovernments (through regulationgambling taxation) has led toclose connection between many governmentsgambling organisations, where legal gambling provides much government revenue.

Gambling gamesbelievedpredate recorded history,gambling games recordedvirtually all ofancient civilizations.

Typescasino gambling:

Fixed-odds gamblingParimutuel gamblingfrequently offered at or onfollowing kindsevents: In addition many bookmakers offer odds onnumbernon-sports related outcomes, e.g.directionvarious financial indices, whether snow will fall on Christmas Day,winnertelevision competitions such as Big Brother, etc.

Non-casino gambling games:

Tablecontents
1 Other betting
2 See also
3 External links

Other betting

One can also betanother person thatstatementtrue or false, or thatspecified event will happen (a "back bet") or will not happen (a "lay bet") withinspecified time. Thisdoneparticular when two people have opposing viewswhattrue or will happen andeach rather certain. Not only doparties hopegain frombet,placebet alsodemonstrate how certain theyaboutissue. A requirementthat itpossibledetermine who was right. Sometimesamount betnominal, winning beingimportant point. Logically insurance iskindbet, butpurposedifferent.

See also

External links


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