//php print_r(get_the_ID()); ?>
Union Minister Ashwini Vaishnaw stated that betting and gambling are State subjects.
Feature | Gambling | Betting |
Definition | The act of wagering money or valuables on an uncertain event, often based on chance. | Placing a wager on a specific outcome of an event, usually involving some knowledge or skill. |
Element of Chance | Highly dependent on luck (e.g., slot machines, lotteries). | Involves skill and knowledge (e.g., sports betting, horse racing). |
Examples | Casino games, lottery, poker, roulette, slot machines. | Sports betting ( DREAM 11), horse racing, political outcomes, financial markets. |
Risk Level | Generally high risk due to reliance on chance. | Risk varies based on research and analysis. |
Control Over Outcome | Very little to no control; purely chance-based. | Some control based on knowledge, analysis, and strategy. |
Legal Status | Regulated or banned in some countries due to high risk. | Often more widely accepted but still regulated. |
House Edge | The casino or organizer always has a mathematical advantage. | Odds are set by bookmakers, but informed bettors can gain an edge. |
Distribution of Legislative Powers under the Seventh ScheduleUnion List (List I)
State List (List II)
Concurrent List (List III)
|
---|
To get PDF version, Please click on "Print PDF" button.
<div class="new-fform">
</div>