Gambling Issues – HOW COME Gambling Illegal?
Gambling is the fun wagering of something of value or money on an unknown outcome with an uncertain final result, with the main reason for winning something either money or other goods. Gambling requires three ingredients to be there: risk, consideration, and a prize to win. Without any one of these items, then gambling is not gambling. The absence of another two makes for a much less interesting and rewarding experience, and really should therefore be avoided as much as possible.
In a parimutuel betting setup there are various important factors that need to be considered in order to win. The first