Gambling thus requires three elements to be present: consideration (an amount wagered), risk (chance), and a prize. Gambling (also known as betting or gaming) is the wagering of something of value ('the stakes') on a random event with the intent of winning something else of value, where instances of strategy are discounted. For other uses, see Gamble (disambiguation), Gambler (disambiguation), Betting (disambiguation), and Bets (disambiguation).Ĭaravaggio, The Cardsharps ( c. 'Gamble', 'Gambler', 'Betting', and 'Bets' redirect here.
