Definition:
Gambling is when a person/s bets money or goods on the result of a game, competition or race or buys a ticket for a chance to win a prize or cash. Gambling can be done by an individual or in syndicates (group of people) and there are businesses that become agents for people's gambling habits. Gambling is a risk; some gambles have better odds than others. To gamble your cash or goods you risk losing it in the hope of gaining an advantage. To play games of chance for gain or advantage can be a risky attempt to improve one's financial standing.
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