There’s precisely zero skill involved in e.g. roulette.
Poker, fantasy football, and horse betting though, are influenced by skill. But they’re all clearly still gambling.
The important thing in those 3 is that you’re not betting against the house. You’re betting against other players, and that you’re the smart enough to come out on top even after the house takes their cut. Unless you’re Nate Silver, though, chances are you’re not the smartest person in the room.
The distinction is usually pro gambling vs just gambling. Any endeavour where it’s possible to beat the odds over the long term falls into that category.
Ish.
There’s precisely zero skill involved in e.g. roulette.
Poker, fantasy football, and horse betting though, are influenced by skill. But they’re all clearly still gambling.
The important thing in those 3 is that you’re not betting against the house. You’re betting against other players, and that you’re the smart enough to come out on top even after the house takes their cut. Unless you’re Nate Silver, though, chances are you’re not the smartest person in the room.
The distinction is usually pro gambling vs just gambling. Any endeavour where it’s possible to beat the odds over the long term falls into that category.