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Gambling

Gambling. Gambling is defined as a voluntary activity in which parties exchange an item of value on the basis of the outcome of an uncertain event either to obtain some profit or to induce a state of excitement or arousal.

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Gambling

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  1. Gambling Gambling is defined as a voluntary activity in which parties exchange an item of value on the basis of the outcome of an uncertain event either to obtain some profit or to induce a state of excitement or arousal. For example, if you play on an electronic gaming machine, you pay money – which is the item of value – to the owners of the machine. It is uncertain whether you get back some money, but you at least hope to get some profit and some thrill out of it. Contributor © POSbase 2005

  2. Gambling Forms of gambling include: • Bingo • Casino table games • Card games • Electronic gaming machines • Greyhound race betting • Horse race betting • Lotteries • Lotto • Private gambling • Raffles • Sports betting • Stock market • Trotting race betting © POSbase 2005

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