Dictionary of Computer and Internet Terms: gambling
gambling
a popular, but often illegal, online form of recreation. Internet casinos are World Wide Web sites that offer games of chance, with the ability to place bets and receive money. Users are often under the impression that this activity is beyond the reach of local laws, but actually, gambling laws do not make any exemption for computers. U.S. federal law specifically prohibits placing bets "by wire" unless the gambling is legal at the locations of both parties.
Usage note: In the computer world, gaming does not mean gambling. It means playing computer games for recreation.
Dictionary of Insurance Terms: gambling
gambling
risk- creating device as compared with insurance, which is a risk-reducing or -eliminating device. This is a form of speculative risk.
