- Bet a sum of money
- Play games of change for money
- Take risky action in the hope of a desired result
- Risky undertaking or enterprise
A person is gambling whenever he or she takes the chance of losing money or belongings, and when winning or losing is decided mostly by chance. Not all gambling is a problem. Gambling may be low risk or it may be harmful. Gambling includes not only licensed formats (e.g. scratch tickets, casinos, bingos, horse racing, VLTs (video lottery terminals) but also informal wagering (e.g. people making bets among themselves)