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[[File:lighterstill.jpg]]
==Origin==
probably back-formation from gambler, probably alteration of obsolete gamner, from obsolete gamen to [[play]]
[http://en.wikipedia.org/wiki/18th_Century 1772]
==Description==
:intransitive verb
*1 :a : to [[play]] a [[game]] for [[money]] or [[property]]
:b : to bet on an uncertain outcome
*2: to stake something on a [[contingency]] : take a [[chance]]
:transitive verb
*1: to risk by gambling : wager
*2: venture, hazard
==Description==
'''Gambling''' is the wagering of [[money]] or something of [[material]] [[value]] (referred to as "the stakes") on an [[event]] with an uncertain outcome with the primary [[intent]] of winning additional money and/or material [[goods]]. 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 (legal) “gambling” activities to the [[public]]. This distinction is not [[universally]] [[observed]] in the [[English]]-speaking world, however. For instance, in the UK, the regulator of gambling activities is called the Gambling Commission (not the Gaming Commission). Also, the word [http://en.wiktionary.org/wiki/gaming ''gaming''] is frequently used to describe [[activities]] that do not involve wagering, especially online. Gambling is a major international [[commercial]] activity, with the legal gambling market totalling an estimated $335 billion in 2009.[http://en.wikipedia.org/wiki/Gambling]
[[Category: Economics]]
==Origin==
probably back-formation from gambler, probably alteration of obsolete gamner, from obsolete gamen to [[play]]
[http://en.wikipedia.org/wiki/18th_Century 1772]
==Description==
:intransitive verb
*1 :a : to [[play]] a [[game]] for [[money]] or [[property]]
:b : to bet on an uncertain outcome
*2: to stake something on a [[contingency]] : take a [[chance]]
:transitive verb
*1: to risk by gambling : wager
*2: venture, hazard
==Description==
'''Gambling''' is the wagering of [[money]] or something of [[material]] [[value]] (referred to as "the stakes") on an [[event]] with an uncertain outcome with the primary [[intent]] of winning additional money and/or material [[goods]]. 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 (legal) “gambling” activities to the [[public]]. This distinction is not [[universally]] [[observed]] in the [[English]]-speaking world, however. For instance, in the UK, the regulator of gambling activities is called the Gambling Commission (not the Gaming Commission). Also, the word [http://en.wiktionary.org/wiki/gaming ''gaming''] is frequently used to describe [[activities]] that do not involve wagering, especially online. Gambling is a major international [[commercial]] activity, with the legal gambling market totalling an estimated $335 billion in 2009.[http://en.wikipedia.org/wiki/Gambling]
[[Category: Economics]]
