betting

Gambling (also known as betting) is the wagering of money or something of value (referred to as "the stakes") on an event with an uncertain outcome, with the primary intent of winning money or material goods. Gambling thus requires three elements to be present: consideration (an amount wagered), risk (chance), and a prize. The outcome of the wager is often immediate, such as a single roll of dice, a spin of a roulette wheel, or a horse crossing the finish line, but longer time frames are also common, allowing wagers on the outcome of a future sports contest or even an entire sports season.
The term "gaming" in this context typically refers to instances in which the activity has been specifically permitted by law. The two words are not mutually exclusive; i.e., a "gaming" company offers (legal) "gambling" activities to the public and may be regulated by one of many gaming control boards, for example, the Nevada Gaming Control Board. However, this distinction is not universally observed in the English-speaking world. For instance, in the United Kingdom, the regulator of gambling activities is called the Gambling Commission (not the Gaming Commission). The word gaming is used more frequently since the rise of computer and video games to describe activities that do not necessarily involve wagering, especially online gaming, with the new usage still not having displaced the old usage as the primary definition in common dictionaries. "Gaming" has also been used to circumvent laws against "gambling". The media and others have used one term or the other to frame conversations around the subjects, resulting in a shift of perceptions among their audiences. Gambling is also a major international commercial activity, with the legal gambling market totaling an estimated $335 billion in 2009. In other forms, gambling can be conducted with materials which have a value, but are not real money. For example, players of marbles games might wager marbles, and likewise games of Pogs or Magic: The Gathering can be played with the collectible game pieces (respectively, small discs and trading cards) as stakes, resulting in a meta-game regarding the value of a player's collection of pieces.

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  1. D

    JamiiForums Tanzania LOOKING for reason to stop betting. here it is

    for me jamii forum is for fun and being stupid at times. but I will share you my bet history. for people who don't count their losses I start beting last year and wasted too much money and time. results shows. I only won 129,574 /= I spent way more than this. so betting can't be a job. I...
  2. L

    JamiiForums Tanzania Simba isipomfunga Al Ahly kesho nitajiondoa rasmi hapa Jamiiforums

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  3. R

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  4. joyce123

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  5. M

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  6. Meja Jenerali Isamuhyo

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  7. Jamii Opportunities

    JamiiForums Tanzania Trainee Dealer (15) at JX Betting (T) Limited February, 2024

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  8. W

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  11. David Harvey

    JamiiForums Tanzania Nimeifanya betting kuwa chanzo cha pili cha mapato.

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  12. R

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  13. BARD AI

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    • BARD AI
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  14. eli -DEFIANT- cohen

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  15. Cannabis

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  16. N

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  17. sky soldier

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  18. M

    JamiiForums Tanzania The Government of Tanzania has allowed its citizens to be exploited through betting industry

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  20. Kiplayer

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