buying stock in a company that you think will become more valuable.putting a certain amount on a certain outcome with a bookmaker,.It is a simple attempt to win money by carefully predicting the outcome of an abetted event.īetting is a simple attempt to win money by carefully predicting the outcome of an abetted event. selecting a winning horse (you don’t know who is going to cross the finish line first).īetting on the other hand is defined as predicting the outcome of a future event and placing ‘a wager’ on that outcome.choosing red/black on roulette (you don’t know where the ball will land),.buying a lottery ticket (you don’t know what numbers will come up).Gambling is a game of chance purely built on a personal desire to win. The Difference Between Gambling and Betting Is it Possible to Profit from Sports Betting?.The Difference Between Gambling and Betting.
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