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Is betting a business or a gambling?
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[QUOTE="Kennysplash, post: 77964, member: 26385"] Betting is nothing but pure gambling, you cannot refer to it as a business in any way. It is based on luck you're predicting the outcome of a particular event and placing your money on it. That is totally different from business, gambling has a 90% probability of going the other way. That is why many people lose money to it than they gain. Only a tiny fraction of people make money in betting why the rest are just enriching the bookmakers. Gambling can also be very addictive and it can ruin one's life financially. Therefore gambling can never be compared with business. [/QUOTE]
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