To gamble is to wager on a contest or to play at a game of chance for stakes. When you gamble, you are risking money (or something else of value) on the outcome of something that involves an element of chance, uncertainty, or hazard—for the possibility of winning something someone else has put at stake.
A stake is a prize one person stands to gain through the loss of others.
Simple contest prizes, such as free sweepstakes and door prizes, do not involve gambling if no fee is charged for entry into the contest. Sweepstakes contests sponsored for advertising purposes are paid for by the sponsor. The winner's prize is not financed by the loss of other contestants. Therefore it is not gambling. Nothing is put at stake by the contestants in such events.
Likewise, investing in the stock market is not "gambling," regardless of how much risk is involved. If a stock gains value, all investors earn money. The gains of one investor are not financed by the losses of others. In other words, there are no losers when a stock gains value. When the stock value increases, the economic "pie" grows. Keep Reading...
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