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Gambling is the wagering gambling casino money or something of value referred to as "the stakes" on an event with an uncertain outcome with the primary intent of gambling casino money or material goods. Gambling thus requires three elements be present: The term "gaming" [2] 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. However, this distinction is not universally observed in the English-speaking world. For instance, in the United Kingdom, the regulator of gambling activities gambling casino called the Gambling Commission not the Gaming Commission.

For example, players of marbles games might wager marbles, and likewise games of Pogs gambling casino Magic: The Gathering can be played with the collectible game pieces respectively, small discs and trading cards as stakes, resulting in a meta-game regarding the value of a player's collection of pieces. Gambling dates back to the Paleolithic period, before written history. The earliest six-sided dice date to about BC in Mesopotamia.

However, they were based on astragali dating back thousands of years earlier. In China, gambling houses were widespread gambling casino the first gambling casino BC where betting on fighting animals was common.

Lotto games and dominoes precursors of Pai Gow appeared in China as early as the 10th century. Gambling casino please click for source appeared in the ninth century in China.

Pokerthe most popular U. The first known casino was the Ridottoestablished in Venice, Italy gambling casino Many jurisdictions, local as well as national, either ban gambling or heavily control it by licensing the vendors.

Such regulation generally leads to gambling tourism and illegal gambling in the areas where it is not allowed. The involvement of governments, through regulation and taxation, has led to a close connection between many governments and gaming organizations, where legal gambling provides significant government revenue, such as in Monaco or Macau, China. There is generally legislation requiring gambling casino the odds in gaming devices are statistically randomto prevent manufacturers from making some high-payoff results impossible.

Since these high-payoffs have very low probabilitya house bias can quite easily be missed unless the odds are checked carefully. Most jurisdictions that allow gambling require participants to be gambling casino a certain age. In some jurisdictions, the gambling age differs depending on the gambling casino of gambling. For example, in many American states one must be over 21 to enter a casino, but may gambling casino a lottery ticket after turning Because contracts of insurance have many features in common with wagers, insurance contracts are often distinguished under law as agreements in which either party has an interest in the "bet-upon" outcome beyond the specific financial terms.

Nonetheless, both insurance and gambling contracts are typically considered aleatory contracts under most legal systems, though gambling casino are subject to different types of regulation. Under common lawparticularly English Law English gambling casino enrichmenta gambling contract may not give a casino bona fide purchaser status, permitting the recovery of stolen funds in some situations.

In Lipkin Gorman v Karpnale Ltdwhere a solicitor used stolen funds to gamble at a casino, the House of Lords overruled the High Court's previous verdict, adjudicating that the casino return the stolen gambling casino less those subject to any change gambling casino position defence. Law precedents are somewhat similar. An interesting wrinkle to these fact gambling casino is to ask what happens when the person trying to make recovery is the gambler's spouse, and the money or property lost was either the spouse's, or was community property.

Religious perspectives on gambling have been mixed. Ancient Hindu poems like the Gambler's Lament and the Gambling casino testify to the popularity of gambling among ancient Indians. However, the text Arthashastra c. The Catholic Church holds the position that there is no moral impediment to gambling, so long as it is fair, all bettors have a reasonable chance of winning, that there is no fraud involved, and the parties involved do not have actual knowledge of gambling casino outcome of the bet unless they have disclosed this knowledge.

Gambling casino these social and religious reasons, most legal jurisdictions limit gambling, as advocated by Pascal. Gambling views among Protestants vary with some either discouraging or forbidding their is a deposit book from participation in gambling.

For example, the United Methodist Church opposes gambling which they believe gambling is a sin that feeds on greed. Quakers also disapprove gambling casino. The Islamic terminology for gambling is Maisirhowever this also has a second definition meaning gambling casino money. While almost any game can be played for money, and any game typically played for money can also be played just for fun, some games are generally offered in a casino setting.

Gambling games that take place outside of casinos include Gambling casino as played in the Gambling casino and UKdead poollotteriespull-tab games and scratchcardsand Mahjong.

Fixed-odds betting and Parimutuel betting frequently occur at many types of sporting events, and political elections. In addition many bookmakers offer fixed odds on a number of non-sports related outcomes, for example the direction and extent of movement of various financial indicesthe winner of television competitions such as Big Brotherand election results. One of the most widespread forms of gambling involves betting on horse or greyhound racing. Wagering may take place through parimutuel pools, or bookmakers may take bets personally.

Parimutuel wagers pay off at prices determined by gambling casino in the wagering pools, while bookmakers pay off either at the odds offered at the time of accepting the bet; or at the median odds offered by track bookmakers at the time the race started. Betting on team sports has become an important service industry in gambling casino countries.

For example, millions of people play the gambling casino pools every week in gambling casino United Kingdom. In addition to gambling casino sports betting, both legal and illegal, there are many side-betting games played by casual groups of spectators, such as NCAA Basketball Tournament Bracket Pools, Gambling casino Bowl Squares, Fantasy Sports Gambling casino with monetary entry fees and winnings, and in-person spectator games like Moundball.

Arbitrage betting is a theoretically risk-free betting system in which every outcome of an event is bet gambling casino so that a known profit will be made by the bettor http://meroe.info/online-casino-gambling-in-usa.php completion of the event, regardless of more info outcome.

Arbitrage betting is gambling casino combination of the ancient art of arbitrage trading and gambling, which has been made possible by the large numbers of bookmakers in the marketplace, creating occasional opportunities for arbitrage. One can also bet with another person that a statement is true or false, or that a specified event will happen a "back bet" or will not happen a "lay bet" within a specified time.

This occurs in particular when two people have opposing but strongly held views on truth or events. Not only do the parties hope to gain from the bet, they place the bet also gambling casino demonstrate their certainty about the issue. Some means of determining the issue at stake must exist.

Sometimes the amount bet remains nominal, demonstrating the outcome as one of principle rather than of financial importance. Betting exchanges allow consumers to both back and lay at odds of their choice. Similar in some ways to a stock exchange, a bettor may want to back a gambling casino hoping it will win or lay a horse hoping it will gambling casino, effectively acting as bookmaker.

Spread betting allows gamblers to wagering on the outcome of an event where the gambling casino is based on the accuracy of the gambling casino, rather than a simple "win or lose" outcome. For example a wager can be based on the gambling casino a point is scored in the game in minutes and each minute away from the prediction increases or reduces the payout. Many betting systems have freeslotsgames com created in an attempt to "beat the house" but no system can make a mathematically unprofitable bet in terms of expected value profitable over time.

Widely used systems include:. Many gambling casino choices are gambling casino referred to colloquially as "gambling. Investments are also usually not considered gambling, although some investments can involve significant risk. Examples of investments include stocksbonds and real estate.

Starting http://meroe.info/novoline-online-casino-vergleich.php business gambling casino also be considered a form of investment.

Investments are generally not considered gambling when they meet the following criteria:. Some speculative investment activities are particularly risky, but are gambling casino perceived to be different from gambling:. Studies show that though many people participate in gambling as a form of recreation or even as a means to gambling casino an income, gambling, like any behavior that involves variation check this out brain chemistrycan become a harmful, behavioral addiction.

Behavioral gambling casino can occur with all the negative consequences in a person's life minus the physical issues faced by people who compulsively engage in drug and alcohol abuse. The Russian writer and problem gambler Fyodor Dostoevsky portrays in his novella The Gambler the psychological implications of gambling and how gambling can affect gamblers. He also associates gambling and the idea gambling casino " getting gambling casino quick ", suggesting that Russians may have a particular affinity for gambling.

Gambling casino shows the effect of betting money for the chance of gaining more in 19th-century Europe. The association between Russians and gambling has fed legends of the origins of Russian roulette. There gambling casino many symptoms and reasons for gambling. Gamblers gamble more money to try and win back money that they have lost and some gamble to relieve feelings of helplessness and anxiety.

The Advertising Online casino lizenz deutschland Authority has censured several betting firms for advertisements disguised as news articles suggesting falsely a person had cleared debts and paid for medical expenses by online gambling. The firms gambling casino possible fines. Gamblers exhibit a number of cognitive and motivational biases that distort the perceived odds of events and that influence their preferences for gambles.

For example, gambler exhibit a costly aversion to betting against their favorite team or political candidate. From Wikipedia, the free encyclopedia. For other uses, see Gamble disambiguation and Betting disambiguation. This section possibly contains original research.

Gambling casino improve it by verifying gambling casino claims made and adding inline citations. Statements consisting only of original research should be removed. August Learn how and when to remove this template message. The History of Gambling. Sports and Games of Medieval Cultures. Liminality and the Modern: Living Through the In-Between.

Retrieved August 17, Retrieved 5 September Archived from the original on 16 June Retrieved 20 July To settle your conscience a layman's gambling casino to Catholic moral theology. Adamson - Palgrave Macmillan". Retrieved 30 May Florida bishops oppose expanding casino gambling". Archived from the original on 11 June


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