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1) "Gambling" -- As to gambling junkets 1gam·ble Pronunciation: 'gam-b&l Function: verb Inflected Form(s): gam·bled; gam·bling /-b(&-)li[ng]/ Etymology: probably back-formation from gambler, probably alteration of obsolete gamner, from obsolete gamen to play intransitive verb 1 a : to play a game for money or property b : to bet on an uncertain outcome 2 : to stake something on a contingency : take a chance transitive verb 1 : to risk by gambling : WAGER 2 : VENTURE, HAZARD - gam·bler /-bl&r/ noun Pronunciation Symbols The term gambling has had many different meanings depending on the cultural and historical context in which it is used. Currently, in Western societies, it has an economic definition, referring to "wagering money or something of material value on an event with an uncertain outcome with the primary intent of winning additional money and/or material goods". Typically the outcome of the wager is evident within a short period of time. Gaming[1] in this context is normally used to describe instances where the activity has been specifically legalized by applicable laws or where the activity is exempted from the criminal laws. The two words are not mutually exclusive. Gaming companies offer legalized gambling activities to the public.[2] - 1 Legal aspects
- 2 Gambling variables
- 3 Types of gambling
- 3.1 Casino games
- 3.1.1 "Beatable" casino games
- 3.1.2 "Unbeatable" casino games
- 3.2 Non-casino gambling games
- 3.3 Fixed-odds gambling
- 3.3.1 Parimutuel betting
- 3.3.2 Sports betting
- 3.4 Arbitrage betting
- 3.5 Other types of betting
- 4 Staking systems
- 5 Other uses of the term "gambling"
- 6 Psychological aspects
- 7 Associated word usage
- 8 By country
- 9 See also
- 10 References
- 11 External links
| Because many religious authorities generally disapprove of gambling to some extent, and because gambling can have adverse social consequences, most legal jurisdictions limit gambling to some extent. Some Islamic nati..."
2) "Junkets" -- As to gambling junkets 1jun·ket Pronunciation: 'j&[ng]-k&t Function: noun Etymology: Middle English ioncate, ultimately from Vulgar Latin *juncata, from Latin juncus rush 1 : a dessert of sweetened flavored milk set with rennet 2 a : a festive social affair b : TRIP, JOURNEY: as (1) : a trip made by an official at public expense (2) : a promotional trip made at another's expense <a film's press junket> Pronunciation Symbols ..."
Further Data On Term for gambling junkets
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