Gambling - Wikipedia While insurance is sometimes distinguished from gambling by the requirement of an insurable interest, the equivalent in gambling is simply betting against one's own best interests (e g , a sports coach betting against his own team to mitigate the financial repercussions of a losing season)
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Gambling | Definition, History, Games, Facts | Britannica Gambling is the betting or staking of something of value, with consciousness of risk and hope of gain, on the outcome of a game, a contest, or an uncertain event whose result may be determined by chance or accident or have an unexpected result by reason of the bettor’s miscalculation
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