What is Gambling?
In its broadest definition, gambling is the act of placing stakes on an unknown outcome with the possibility of securing a gain if the bettor guesses correctly. To be considered gambling, an act must have three elements:
Social gambling is conducted among individuals who bet against each other; mathematically, each player has the same chance of winning. Poker is a classic social game
In mercantile or commercial gambling, players bet against “the house,” a professional gambler or organization that accepts wagers from the general public. Mercantile games have a mathematical advantage for the casino or a house edge that lets professionals profit from them while still offering fair games.