gambling

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Related to wagering: Wagering contract

gambling

 [gamb´ling]
betting money or other valuables on the outcome of a game or other event.
pathological gambling an impulse control disorder consisting of persistent failure to resist the urge to gamble, to such an extent that personal, family, and vocational life are seriously disrupted.
An activity in which a person wagers against another person or organization on the likelihood of a particular outcome, either in a game of chance, a sports event or other activity for which the outcome is not known in advance

gambling

Vox populi An activity in which a person wagers against another person–eg, friend, acquaintance, bookmaker or 'bookie', or organization–eg, casino, horse race track, internet company engaged in said activity, either legal or illegal, on the likelihood of a particular outcome, either in a game of chance, or sports event or other activity for which the outcome is not known in advance. See Compulsive gambling.

gambling

1. Wagering or betting.
2. Risking something of value in the hope of winning something even more valuable or rare in exchange.

Patient discussion about gambling

Q. Do people substitute one addiction with another? If someone used to be addicted to alcohol and drugs, but is now clean for several months, is it likely that he will develop an addiction to something else (for example cigarettes or gambling)?

A. I'd just like to add my 2 cents worth: Addictive behavior transfers to just about anything; addiction is the problem. Just as addicts have to learn that alcohol is also a drug, we must recognize that addiction is the problem; it is the behavior that is the problem. A common thing for addicts to do is to stop using drugs (including alcohol) and to substitute with people instead, for example, to become involved in codependent relationships with others, or to recognize that their ongoing relationships may also be codependent. It's not uncommon for individuals to go to CoDA (Codependents Anonymous) in addition to AA/NA or GA(Gambler's Anonymous), MA (Marijuana Anonymous)...Others find it more beneficial to use one program (like NA, e.g.), while realizing that addiction refers to more than just a drug or substance.

More discussions about gambling
References in periodicals archive ?
As mentioned in the conference agreement, all losses on wagering transactions shall not exceed gambling winnings whether the taxpayer is a recreational or professional gambler.
For purposes of the preceding sentence, in the case of taxable years beginning after December 31, 2017, and before January 1,2026, the term "losses from wagering transactions" includes any deduction otherwise allowable under this chapter incurred in carrying on any wagering transaction.
For FY 2016-2017 the total amount of revenue from wagering for the greyhound permitholders was $226,483,515.
$38.96 billion) of the $6 billion estimated market in sports wagering would be staggering--approximately $325 million.
Over time, this can drop wagering pool sizes and decrease winnings for everyone 6 including the house.
The new race and sports lounge will offer sports wagering fans a sleek and sophisticated wagering environment that includes the very latest in technological advancements, convenience and modern signature style.
"Our intensive attention to the development of mobile online continues to yield results, generating 41 per cent of wagering in sportsbook.
While it could be argued that S&C Racing is wagering on the strongest races, Dr.
KenSysCo Gaming, a company subsidiary, has entered into a definitive agreement with South African company, Phortner (Pty) Ltd, to develop a live-action casino wagering technology.
Given the simple form of this financial market with a large number of interested participants, generally widespread availability of game results, and betting lines (pointspreads and totals), sports wagering markets became a natural place to test the efficient markets hypothesis.
The wagering tax is by far the dominant revenue producer of the two excise taxes: it yielded $729.8 million in total revenue during 2008, compared to $81.2 million for the admission tax.
The Office of Chief Counsel issued a memorandum explaining how to determine the wagering gains and losses of casual gamblers.