web3/concepts/gambling.md

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Markdown

# Gambling
An economic activity in which one party pays for the privilege of risking money on a probabilistic activity with negative [expected-return](expected-return.md). Often gambling games are [negative-sum](zero-sum-game.md).
Trading [crypto assets](cryptoasset.md) is often compared to gambling.
## Examples
1. Packel, Edward W. Mathematics of Games and Gambling. Vol. 28. MAA, 2006.
1. Read, Colin. "Risk, Uncertainty, Fear, and Gambling." In The Fear Factor, pp. 112-117. Palgrave Macmillan, London, 2009.