in Property Dealers
Thu Sep 01, 2016 11:34 am
• 283 Posts
For example, you gamble not-so-obviously (and do not bet) whenever you lay out money in the simple hope of retaining your wealth (such as buying a house or putting your savings into a higher paying deposit account) and rather more obviously when you attempt to increase your wealth by investing in shares (again not a bet) or by participating in sports betting. As you can see, therefore, all the foregoing are forms of gambling, no matter that some people may attempt to draw dividing lines between them to make their preferred form of gambling more socially acceptable.
Each type of gamble has its own unwritten rules attached, all of which need to be both understood and followed if the specific gambling objective is to be achieved. The main point here is that a bet is just one particular form of gambling, and it's only the degree of risk that varies from one gamble to another.
When it comes to gambling on the outcome of sporting events, every well-balanced person will readily acknowledge that it is not worth risking all their funds on one single bet, as they could very easily end up with no funds at all. This principle applies whether or not the odds are in the bettor's favour.