Web Definition: Bet
Gambling is any behavior involving the risk of money or valuables on the outcome of a game, contest, or other event in which the outcome of that activity is partially or totally dependent upon chance. Though for many it is a form of recreation, gambling, like any behavior which involves variation in brain chemistry, can become a psychologically addictive & harmful behavior in some people. Reinforcement phenomena may also make gamblers persist in gambling even though they are losing. Because of the negative connotations of the word, casinos & race tracks often use the euphemism gaming to describe the recreational gambling activities they offer. Often, it is said that never putting good money after bad money is a good way to keep gambling a pleasure & stay away from gambling addiction. That is, money wagered with a negative outcome are lost, it is time to stop & just accept the loss, instead of keep betting & losing even more. Gambling may also refer to engaging in any high-risk behavior in which decisions are made based upon incomplete knowledge.
Read More »Dictionary Entry: That which is laid, staked, or pledged, as between two parties, upon the event of a contest or any contingent issue - the act of giving such a pledge - a wager. To stake or pledge upon the event of a contingent issue - to wager. imp.
& - p. p. of Beat. An early form of Better.
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