News tagged with gamblers

Gamblers in a spin over frustrating losses

A new study provides evidence that gamblers interpret near-misses as frustrating losses rather than near-wins. This frustration stimulates the reward systems in the brain to promote continued gambling, according to Mike Dixon ...

Oct 09, 2012
popularity not rated yet | comments 0

Gambling addiction—working to understand

Odds are that you imagine gamblers as people simply trying to get lucky and win a big payoff. But when Natasha Schull, an associate professor in MIT's Program in Science, Technology, and Society (STS), began ...

Sep 04, 2012
popularity not rated yet | comments 0 | with audio podcast

Furor in Greece over pedophilia as a disability

(AP) -- Greek disability groups expressed anger Monday at a government decision to expand a list of state-recognized disability categories to include pedophiles, exhibitionists and kleptomaniacs.

Jan 09, 2012
popularity 4.7 / 5 (6) | comments 32

Gambling

Gambling is the wagering of money or something of material value (referred to as "the stakes") on an event with an uncertain outcome with the primary intent of winning additional money and/or material goods. Typically, the outcome of the wager is evident within a short period.

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 UK, the regulator of gambling activities is called the Gambling Commission (not the Gaming Commission). Also, the word gaming is frequently used to describe activities that do not involve wagering, especially online.

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 aren't real money; for example, games like Pogs or Magic: The Gathering.

This text uses material from Wikipedia licensed under CC BY-SA