Economy, asked by mayankshende812, 9 months ago

What is considered as gambling?​

Answers

Answered by ChromaticSoul
16

Answer:

Gambling (also known as betting) 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.

The two main types of gambling include:

Chance-based – such as playing the lottery, roulette, bingo or gaming machines. The results are random.

Skill-based gambling – such as betting on races and playing poker or blackjack. Your ability or skill can influence whether you win or lose.

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