Gambling

Gambling (or betting) is any behavior involving risking money or property (making a wager or placing a stake) on the outcome of a game, contest, or other event in which the outcome of that activity depends partially or totally upon chance or upon one's ability to do something.

Related Topics:
Risk - Money - Property - Game

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Believers in the old saying about "never putting good money after bad money" offer this wisdom as a good way to keep gambling an entertaining pleasure and to stay away from gambling addiction. The saying suggests that after losing wagered money one should stop gambling and just accept the loss, instead of continuing to bet and losing even more.

Related Topics:
Entertaining - Addiction

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In extended usage, gambling may also refer to engaging in any high-risk behavior in which decisions occur based upon incomplete knowledge - for example, high-risk stock investments (see speculation), difficult and potentially costly business or non-business ventures, or even personal relationships.

Related Topics:
Stock - Investment - Speculation - Business - Venture - Personal relationship

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Gambling games may predate recorded history, with examples recorded in virtually all of the ancient civilizations.

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