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Gambling. Typically not regarded as gambling Emotional or physical risk-taking where what is being risked is not money or material goods (e.g., skydiving, running for office, asking someone for a date, etc.) Buying insurance, as the primary intent of the purchase is to protect against loss, rather than to collect 'Investment' (such as in the stock market or real estate) with positive expected returns, economic utility, and some underlying value independent of the risk being undertaken Starting a new business, as time and effort are also being wagered and the outcome is not known Situations where the possibility of winning additional money or material goods is a secondary reason for the wager purchase (such as buying a raffle ticket to support a worthy cause) Prediction markets or knowledge exchanges where the outcome is to encourage the development of market-based mechanisms for resolving questions of science, technology, management, strategy, planning, policy,etc. edit Psychological aspects Mai gambling
 

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N article: Problem gambling Though many participate in gambling as a form of recreation or even as a means to gain an income, gambling, like any behavior which involves variation in brain chemistry, can become a psychologically addictive and harmful behavior in some people. Reinforcement phenomena may also make gamblers persist in gambling even after repeated losses. The Russian writer 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 of "getting rich quick", suggesting that Russians may have a particular affinity for gambling. Dostoevsky 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. edit Associated word usage The English expression "I bet that ____", meaning "I consider it very probable that ____", need not carry any suggestion o gambling


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gambling Regarded as gambling 6 Psychological aspects 7 Associated word usage 8 By country 9 See also 10 References 11 External links edit Legal aspects Because many religious authorities generally disapprove of gambling to some extent gambling, and because gambling can have adverse social consequences gambling, most legal jurisdictions limit gambling to some extent. Some Islamic nations prohibit gambling; most other countries regulate it. 3 Because contracts of insurance have many features in common with wagers gambling, legislation generally makes a distinction gambling, typically defining any agreement in which either one of the parties has an interest in the outcome bet upon gambling, beyond the specific fi gambling.

gambling Nancial terms gambling, as a contract of insurance. Thus a bet on whether one's house will burn down becomes a contract of insurance gambling, as one has an independent interest in the security of one's home. Furthermore gambling, many jurisdictions gambling, local as well as national gambling, either ban or heavily control (by licensing) gambling. Such regulation generally leads to gambling tourism and illegal gambling. The involvement of governments gambling, through regulation and taxation gambling, has led to a close connection between many governments and gaming organisations gambling, where legal gambling provides significant government revenue gambling, such as in Monaco or Macau. There is generally legislation requiring that the odds in gaming devices are statistically random gambling, to prevent manufacturers from making some high-payoff results impossible. Since these high-payoffs have very low probability gambling, a house bias can quite easily pass unnoticed. 4 edit Gambling variables There are three variables common to all forms of gambling: How much is being wagered gambling, the initial stake (in money or material goods). The predictability of the event. In mechanical or electronic gambling such as lotteries gambling, slot machines and bingo gambling, the results are random and unpredictable; no amount of skill or knowledge (assuming machinery is functioning as intended) can give an advantage in predictability to anyone..

gambling Dds in gaming devices are statistically random gambling, to prevent manufacturers from making some high-payoff results impossible. Since these high-payoffs have very low probability gambling, a house bias can quite easily pass unnoticed. 4 edit Gambling variables There are three variables common to all forms of gambling: How much is being wagered gambling, the initial stake (in money or material goods). The predictability of the event. In mechanical or electronic gambling such as lotteries gambling, slot machines and bingo gambling, the results are random and unpredictable; no amount of skill or knowledge (assuming machinery is functioning as intended) can give an advantage in predictability to anyone. .

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