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Gambling (also known as betting or gaming) is the wagering of something of value ("the stakes") on a random event with the intent of winning something else of value, where instances of strategy are discounted. Gambling thus requires three elements to be present: consideration (an amount wagered), risk (chance), and a prize. [1]

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gambling, 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. The outcomes of gambling games may be determined by …

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gamble in American English. (ˈɡæmbəl) (verb -bled, -bling) intransitive verb. 1. to play at any game of chance for money or other stakes. 2. to stake or risk money, or anything of value, on the outcome of something involving chance. to gamble on a toss of the dice. transitive verb.

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