Gambling

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Gambling

Gambling (pronunciation: /ˈɡamb(ə)lɪŋ/) is the wagering of something of value, usually money, on an event with an uncertain outcome, with the primary intent of winning additional money or material goods.

Etymology

The term "gamble" is derived from the Old English word 'gamen', meaning 'game'. It was first used in the modern sense of "risk something of value on a game of chance" in the 1720s.

Related Terms

  • Risk: The potential of losing something of value, weighed against the potential to gain something of value.
  • Chance: A possibility of something happening.
  • Wager: An amount of money or other valuable that is risked on the outcome of an event.
  • Betting: The action of gambling money on the outcome of a race, game, or other unpredictable event.
  • Casino: A public room or building where gambling games are played.
  • Poker: A popular card game that combines gambling, strategy, and skill.
  • Slot Machine: A gambling machine operated by inserting coins into a slot and pulling a handle that activates a set of spinning symbols on wheels.
  • Blackjack: A gambling card game in which players try to acquire cards with a face value as close as possible to 21 without going over.
  • Roulette: A gambling game in which players bet on which compartment of a revolving wheel a small ball will come to rest in.

See Also

External links

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