Apes unwilling to gamble when odds are uncertain

(PhysOrg.com) -- Humans are known to play it safe in a situation when they aren't sure of the odds, or don’t have confidence in their judgments. We don’t like to choose the unknown.

3 plead guilty in BetOnSports online gambling case

(AP) -- Three former executives of the online sports gambling Web site BetOnSports, including two of the company founder's siblings, pleaded guilty to federal racketeering charges.

Online gambling a bad bet for America, U. of I. expert says

(PhysOrg.com) -- Gambling addictions would soar and an already-sputtering economy could sink into ruin if Congress overturns a decades-old ban on Internet gambling, a University of Illinois professor and national gambling ...

The next frontier in gambling: E-gaming

Bally Technologies Inc. showcased its most popular games, including Cash Spin, on several platforms here this month at the Global Gaming Expo.

Gambling ban would reverse recession, new book says

Legalized gambling is weighing down a global economy already mired in its deepest downturn since the Great Depression, according to a new collection of research that renews decades-old calls to outlaw betting.

Canadian charged in US in Internet gambling case

A Canadian resident was indicted in the United States on fraud and related charges for processing some 350 million dollars for Internet gambling firms, officials said Thursday.

Online gambling would benefit from better regulation

The U.S. government's attempt to crack down on Internet gambling is widely seen as a convoluted mess. Yet, more controlled and defined regulation would likely benefit the $41 billion industry and protect consumers alike, ...

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Gambling

Gambling is the wagering of money or something of material value 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. This distinction is not universally observed in the English-speaking world, however. For instance, in the UK, the regulator of gambling activities is called the Gambling Commission (not the Gaming Commission).

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