history: Gambling is the wagering of money or something of value (referred to as ''the stakes'') on an event with an uncertain outcome with the primary intent of winning money or material goods
knowledge: Gambling thus requires three elements be present: consideration, chance and prize.
response: Now that we are talking about gambling, it sure requires at least the presence of consideration, chance, and also a prize.
history: Gambling is the wagering of money or something of value (referred to as ''the stakes'') on an event with an uncertain outcome with the primary intent of winning money or material goods
Now that we are talking about gambling, it sure requires at least the presence of consideration, chance, and also a prize.
That is correct. I really like to gamble.
knowledge: The term ''gaming'' in this context typically refers to instances in which the activity has been specifically permitted by law.
response: Alright, do you do it only when the activity is permitted by law?
history: Gambling is the wagering of money or something of value (referred to as ''the stakes'') on an event with an uncertain outcome with the primary intent of winning money or material goods
Now that we are talking about gambling, it sure requires at least the presence of consideration, chance, and also a prize.
That is correct. I really like to gamble.
Alright, do you do it only when the activity is permitted by law?
I can't confirm. I live in the UK and we have the Gambling Commission.
knowledge: For instance, in the United Kingdom, the regulator of gambling activities is called the Gambling Commission (not the Gaming Commission).
response: That's right. And in the UK they regulate gambling activities by the so-called Gambling Commission.
history: Gambling is the wagering of money or something of value (referred to as ''the stakes'') on an event with an uncertain outcome with the primary intent of winning money or material goods
Now that we are talking about gambling, it sure requires at least the presence of consideration, chance, and also a prize.
That is correct. I really like to gamble.
Alright, do you do it only when the activity is permitted by law?
I can't confirm. I live in the UK and we have the Gambling Commission.
That's right. And in the UK they regulate gambling activities by the so-called Gambling Commission.
A person is gambling whenever he or she takes the chance of losing money or belongings, and when winning or losing is decided mostly by chance.
knowledge: Online gambling (or Internet gambling) includes poker, casinos and sports betting.
response: Have you ever tried online gambling? It includes casinos, poker, and sports betting.