Betting vs. Gambling

Bettingadjective

Describing one who bets or gambles.

Bettingnoun

The act of placing a bet.

Bettingadjective

preoccupied with the pursuit of pleasure and especially games of chance;

Gamblingnoun

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.

Gamblingnoun

the act of playing for stakes in the hope of winning (including the payment of a price for a chance to win a prize); as, his gambling cost him a fortune.

Gamblingnoun

the act of playing for stakes in the hope of winning (including the payment of a price for a chance to win a prize);

Gamblingadjective

preoccupied with the pursuit of pleasure and especially games of chance;

Gambling

Gambling (also known as betting) is the wagering something of value () on an event with an uncertain outcome with the intent of winning something of value. Gambling thus requires three elements to be present: consideration (an amount wagered), risk (chance), and a prize.