You are right , we can call betting a business rather an addicted way of earning money which comes with loses most time . No body in his right senses will loose largely from a business at least 3 times and will want to still go back to that business again but in betting or gambling despite that people loose more than ten times they still return to the game with hope that they will win in the end like I said earlier two people are involved in this , the betting shop and the person coming to bet , to the betting shop it is a business.When you do something and you lose and you feel your so close, and you do it again and you lose, and you feel you can make it, and then you keep doing it over and over again, sometimes you may win, sometimes you may lose, that's addiction and addiction is gambling. So definitely betting is no way close to business it is gambling. Because you keep doing it over and over again and in the process you will lose so much money, a business is suppose to help you gain money not lose money.