Gambling is defined as an activity in which a person places stakes on an event involving a chance outcome or contingent future event in return for a value. Exceptions to this definition are bona fide business transactions, contracts of indemnity or guaranty, life or health insurance, and certain kinds ofContinue Reading

Gambling is the act of betting, in the form of bets, upon something with an uncertain result with the intention of winning some other thing of equivalent value. Gambling therefore requires three factors to be present: risk, consideration, and a stake. The risk that is involved in gambling can takeContinue Reading