WHAT IS GAMBLING (Part 2)

Lottery Ticket
Lottery Ticket

II. SOME DIFFERENCES TO NOTICE:

Gambling is NOT:

  1. Buying Insurance. (Spread risk)
  2. Winning a door prize. (Just luck)
  3. Starting a business. (Reduce the risk)
  4. Borrowing money with collateral. (Bank seeks to reduce the risk)
  5. Investing in the Stock Market, Bonds and Mutual Funds.
  6. Prize for accomplishments (Nobel, Academy Award)
  7. High Priest or the Apostles casting “lots”. (This was under God’s control.)

Gambling Thrives On: Cards (i.e., Poker)

  1. The element of risk
  2. Thrill of taking
  3. Getting something for nothing
  4. Greed
  5. Pool hall games
  6. Horse racing
  7. Dog tracks
  8. Sporting events
  9. Check pools
  10. Lottery
  11. Chit funds
  12. Any business where risk of losing is basic

III. TYPES OF GAMBLING

  1. Bingo
  2. Marbles (for keeps)
  3. Casino games
  4. Electronic gambling
  5. Matching pennies
  6. Carnival games
  7. Dice
  8. Putting up stakes with the hopes of winning the bag (raffles and pools).

IV. SOME BORDERLINE CASES

  1. Sweepstakes – (Publisher’s Clearing House, Reader’s Digest)
  2. Chain Letters – (Money, Books, Recipes)
  3. Contests – (I like Wheaties because …)
  4. Weight loss programs where everyone must contribute to winner’s new outfit
  5. TV Game show contestant

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