Gambling Defined Webster
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- Gambling Contract Law and Legal Definition A gambling contract is an agreement to engage in a gamble. In a gambling contract two parties wager something, especially money, for a chance to win a prize or an amount.
- What is gambling? In the Gambling Act 2005 gambling is defined as betting, gaming or participating in a lottery. That definition distinguishes between activities which need to be licensed and other activities which do not.
Bookie: A bookie is someone, who facilitates gambling - commonly on sporting events. A bookie sets odds, accepts and places bets, and pays out winnings on behalf of other people.
According to 18 USCS § 1081 'gambling establishment' means any common gaming or gambling establishment operated for the purpose of gaming or gambling, including accepting, recording, or registering bets, or carrying on a policy game or any other lottery, or playing any game of chance, for money or other thing of value.
Gambling includes but is not limited to pool-selling, bookmaking, maintaining slot machines, roulette wheels or dice tables, and conducting lotteries, policy, bolita or numbers games, or selling chances therein. [18 USCS § 1955]
Legal Definition list
- Gambling Establishment
