• Gambling Defined Webster Dictionary
• Gambling Meaning Webster
• Gambling Defined Webster Meaning
• Gambling Defined Webster Definition

On October 15, 1970, the Racketeer Influenced and Corrupt Organizations Act (18 U.S.C. §§ 1961–1968), commonly referred to as the 'RICO Act', became United States law. The RICO Act allowed law enforcement to charge a person or group of people with racketeering, defined as committing multiple violations of certain varieties within a ten-year peri. Gambling definition: 1. The activity of betting money, for example in a game or on a horse race: 2. The activity of.

Browse US Legal Forms’ largest database of 85k state and industry-specific legal forms.

According to 18 USCS § 1081 'gambling establishment' means any common gaming or gambling establishment operated for the purpose of gaming or gambling, including accepting, recording, or registering bets, or carrying on a policy game or any other lottery, or playing any game of chance, for money or other thing of value.

Gambling does not include fishing derbies as defined by this chapter, parimutuel betting and handicapping contests as authorized by chapter 67.16 RCW, bona fide business transactions valid under the law of contracts, including, but not limited to, contracts for the purchase or sale at a future date of securities or commodities, and agreements. Definition of gambling noun in Oxford Advanced American Dictionary. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more. We use cookies to enhance your experience on our website, including to provide targeted advertising and track usage. A gaming machine is defined by the Gambling Act 2005 as a machine that is designed or adapted for use by individuals to gamble (whether or not it can also be used for other purposes). Gaming machines fall into categories depending on the maximum stake and prize available.

Gambling includes but is not limited to pool-selling, bookmaking, maintaining slot machines, roulette wheels or dice tables, and conducting lotteries, policy, bolita or numbers games, or selling chances therein. [18 USCS § 1955]

Legal Definition list

• Gambling Establishment

Definitionof Gambling

Agamble is the intent to carry out an immediate and risky act with thehope that the future consequence of the action will be favorable.Thus to gamble is to take a present risk in the hope of futurereward. However, the term ‘gambling’ does not so easily lenditself to the above definitions. Why so? The meaning of the word‘gambling’ has more to do with its implications than itsapplication.

Agambling activity can be considered to be any activity involving awager on an expected outcome. The outcome usually has an unknownlevel of uncertainty. Furthermore, a gambling activity typically hasa monetary or other gain as motivation to the gambler. There isgenerally more than one participant in a gamble, but participation isnot central to the definition of gambling. For an activity to qualifyas gambling, it must thus possess three key elements. These elementsare:-

The Stake

Thestake or wager is usually in the form of cash, but items ofindisputable value are in gambling activities. A future obligationcan also act as a stake.

Uncertainty

Uncertaintyrefers to the unknown probability of the expected outcome coming topass. Even if such a possibility was entirely fair such that anoutcome is 50% likely, the actual result is still unknown. Thuswagering on 50/50 outcomes can still be considered to be gambling.

Furthermore,in some types of gambling, it is common practice to provide gamblerswith the probabilities of all possible outcomes. As such, theseprobabilities are known as the ‘odds’ of the game.

Motivation

Finally,motivation refers to the tangible gain that the gambler hopes torealize from participating in gambling activity. The moststraight-forward motivation for gambling is usually in the form ofmonetary gain.

Youshould also note that almost any event involving an uncertain outcomecan be the basis of gambling. Furthermore, not all gamblingactivities are dependent solely on chance, and some require thegambler to master specific skills. For example, many gamblingactivities involving cards do require memory, observation, analyticalskills if one hopes to succeed in the games.

Typesof Gambling

Thereare primarily three main categories into which the vast multitude ofgambling activities are grouped. These categories and thesubcategories of gambling are discussed below.

Casino games

TheCasino games category encompasses the gambling activities offered inthe typical land-based casino. The subcategories of casino games are

Casino Table Games

Themain characteristic of casino table games is that a dealer orcroupier conducts gameplay. A dealer or croupier collects bets beforethe beginning of gameplay. He/she is also charged with thedisbursement of winnings and the collection of losses. Their primaryresponsibility is to guarantee fairness in the game.

Thereare different types of casino table games with differences determinedby how gameplay is conducted.

Card Table Games

Asthe name suggests, the gameplay of card table games revolves aroundplaying cards. Thus the goal of gameplay might be to attain aparticular sequence of cards to realize card set with a high gamevalue or other similar objectives.

The three principle card table games are blackjack, baccarat, andpoker. However, people have made modifications to fundamentalgameplay rules resulting in different variants of the three main cardtable games.

Dice/Tile table games

Gameplayin dice/tile table games is centered on results obtained fromthrowing a pair dice or on an accepted sequence of tiles. The outcomeof a throw or series can influence the next move in gameplay. Thusdice/tile table games can have continuous gameplay featuring multiplesmall losses and wins.

Thebest-known dice/tile games are craps and dominoes. Alteration ofcritical gameplay rules has also lead to the creation of otherdistinct games within this category.

Random Number Table Games

Thereis essentially one random number table game, and this is roulette. Inthis game, a gambler has the option of betting on a single number ora group of numbers ranging from 1 to 38. Players can also bet on thelikelihood that a number will be red or black or whether low (1-18)or high (19-38).

Gambling Defined Webster Dictionary

Thedealer or croupier then spins a small ball on the outer edge of thewheel in the clockwise direction. The center of the wheel spins inthe opposite anti-clockwise direction. As the ball loses momentum, itdescends towards the numbers and finally settles in the slotcontaining the winning number.

Electronic Games

Electronicgames are played on electro-mechanical consoles, which are operatedusing a lever, pull-stick, or push-button. Before gameplay, a playermust deposit coins, bills, barcode-bearing tickets, plastic tokens,or metal balls. Gameplay then commences and involves the constantoperation of the lever, push-button, or pull-stick.

Thereare several electronic games available in most casinos. These gamesinclude:-

Pachinko

Thiselectronic game is a popular Japanese game that is played using metalball-bearings. The ball-bearings are shot around a board withmultiple targets using the pull-stick. By varying the strength ofone’s pull, a player can land a bearing into the desired target. Someof the targets prompt the release of set number similar balls.

Landinga ball on other targets initiates a mini-game on the screen at thecenter of the console screen. The overall goal of the game is to endup with more balls than those fed into the console. These balls areexchanged for cash.

Slots

Thisis a game with rotating reels containing symbols with differentmonetary values. Most slots machines feature a set of three reelsthat rotate at varying speeds. The gameplay is centered aroundmatching the symbols on all three reels. Play is initiated using aside lever or push-button.

Thegoal of the would-be player is to have all three reels displaying thematching symbol. Different combinations of matching symbols havedifferent payouts, which the player receives instantly.

video poker

Videopoker is identical to card poker in terms of gameplay rules. Thecritical difference with video poker is that gameplay occurs within a2D or 3D simulated environment. Video poker also offers a simulatedcroupier or dealer who conducts the simulated game.

video bingo

Aswith the previous case, video bingo is identical to live poker interms of gameplay rules. The key difference is also due to gameplayoccurring within a 2D or 3D simulated environment. Video poker alsomakes use of a simulated game host.

Miscellaneous Casino Games

Othergambling activities take place in casinos but do not fall into thefirst two categories. These games deviate from games in the previouscategories in that they offer simultaneous multiplayer participation.The miscellaneous casino game category has:-

Gambling Meaning Webster

Bingo

Thisis a game of chance allowing multiplayer participation. The gameplayinvolves finding a number sequence in a 5×5 number matrix printed onpaper. The gameplay is initiated and conducted by a game host whoconveys a random number sequence to a hall full of players. Thenumbers values range from 1 to 75 and are picked by a ball machine.When a player finds a matching sequence, he/she call out ‘bingo’ toreceive a prize.

Ticket Lotteries

Aticket lottery and a game of bingo mostly make use of the same gamingprinciples. The two games make use of sequences of random numbersthat are generated by ball machines or random number generators.Winning lottery tickets have random number sequences announced aftera daily, weekly, monthly, semi-annual, or annual draw.

Gambling Defined Webster Meaning

Fixed-Odds Betting

Gambling Defined Webster Definition

Infixed-odds betting, the probabilities relating to specific outcomesare made available to would-be participants before-hand. Thus agambler can vary the size and number of wagers based on thelikelihood or odds. Examples of fixed-odd betting include

Pari-Mutuel betting

Thisis one of the oldest gambling activities and was initially centeredon horse racing. However, pari-mutuel betting has grown to includegrey-hound racing, camel racing, and other more exotic animal racing.Payouts in pari-mutuel betting depend on odds given before placing awager.

Sports Betting

Sports-bettingis an increasingly popular form of gambling and has gainedconsiderable momentum in the last decade. Wagering in this type ofgambling is based on the outcome of sporting events. Currentsports-betting is centered on football due to the sport’s extremepopularity. However, sports-betting does include other sports,including basketball, American football, rugby, and other games.

Online Gambling

Onlinegambling is no different from other types of gambling in thatgameplay for the different games does not change. All the differenttypes of gambling and their specific examples are available on theonline gaming platforms. Thus due to the ease-of-implementation andvirtually unlimited user-access, online gambling is set to overtakeall the other types of gambling put together.