Gambling is considered to be the exchange of funds and taking a chance on winning the funds back or winning back more than what you first placed on the bet. It does not matter what the bet was placed on whether you place it on cards, dice, horses, dogs, chickens, football, basketball or any other kinds of sporting events then you have gambling.The lottery is also considered to be gambling and in some states is considered to be the only gambling that is legal. With the lottery you can purchase numbers that play out and depending on how many numbers you match then you can win back another ticket or you can win more money than what you paid for the ticket in the first place. When you place bets you generally place a bet on some thing that you are well aware of and know that you can risk all of that money on this one subject and be well aware that you may not get it back, but the risk is worth it to you.Taking a chance is taking a risk and taking a risk in most cases is considered gambling. A person who flips houses is considered a gambler because they risk not making as much money on the house as what they have put in to the house. When you flip the house, you flip it because the risk is considered to be less than them losing profit on the house when the house is sold. I bet you did not think that a real estate adventure was gambling but if you look at the definition of gambling then flipping houses definitely falls with in the category of gambling.With any kind of sporting event you can gamble just like I mentioned in the beginning of the article. There are different kinds of betting that takes place when you watch the game you are placing the bet on. You can bet on games, arcade games, card games, dice games like Yahtzee or other dice games. With dice games you can create your own universal way of winning your money. Gambling as you may remember is taking a risk and to out way the risk of losing and comparing the risk to winning and that is why when you bet money on a game or card game or dice game it is considered gambling.Did you know that the television show Deal or No deal is considered to be a gambling show because you decide if the brief case you have that you picked is worth not knowing what is in the other briefcases and as you take out money the risk changes to either decrease the amount the buyer is willing to pay you for the briefcase or whether it increases the amount the buyer is willing to pay you for depending on what amounts are left on the board.We have also learned that gambling is taking a risk and that whenever there is money involved and you take a risk to see how much money you can win back if you put the money in then that is gambling. We also learned that flipping houses and placing bets on sporting events is considered gambling as well. So, the bottom line here is if you do gamble be sure that you are willing to out way the risk to lose the money verses what money you would get back if you decided to wager that much money.