Betting (wagering) that must result either in a gain or a loss. Gambling is neither risk taking in the sense of speculation (assumption of substantial short-term risk) nor investing (acquiring property or assets for securing long-term capital gains). It also differs from insurance which may reduce or eliminate the risk of loss but offers no legitimate chance of gain.
Use 'gambling' in a Sentence
After work every weekend, the office manager couldn't help gambling his paycheck away at the casino, despite being in debt.
I had a gambling addiction, so I would go to the casino every week and see how much money I could make.
The stock market can be a lot like gambling but if you make the right decisions they can really pay off in the end.
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Notable Quotable
A Dichotomy Between Business and Gambling
"The gambling known as business looks with austere disfavor upon the business known as gambling."