Gambling is simply the wagering on something of equal value with an uncertainty as to the outcome with an intention of winning some something of worth. Gambling on sporting events, in particular, is very popular because there is such uncertainty as to whether a player will make it to the end of the competition or not. The uncertainty of the outcome has caused people to place a lot of trust in the game of chance. In order to win, one must gamble. Gambling therefore requires three components to exist: risk,…
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