Gambling can be defined as determination of the ownership of property by appeal to chance. Luck is the resultant play of natural powers which no one, but God, can control or calculate. Most games of chance need a certain degree of skill, for example the races. God work, or an effort of human, is the natural base of the right of belonging. Some proportion of ownership should be guaranteed to any person exerting himself in productive labor.
Gambling is something when the players unconstrained transfer money or another values among them dependent on the outcome of any uncertain event in future.
The Jews have opposed gaming despite the practice of gambling was spread broadly among Jews since the medieval times. The Roman Church does not consider Gambling to be something sinful.
The "work ethic of the Protestants," however, is in the straight opposition to gambling. Fervent protestants believe that gaming is sinful.
Playing the stock market belong to gaming. This means buying stock without the idea to invest in the companies increase, in the hope that fortunately the stock value will grow.
Gambling is as peculiar to man as religion. Romans as well as Greeks could gamble freely. Tacitus in his Germania described the gaming fever of the early Germanic tribes, who would take their life at dices. The Encyclopedia of Britannica (article "Gambling") reports that "Gambling has exhausted in every known society from the most primitive to the most complex." Here is the definition of gaming taken from Britannica: "Gambling is the betting or staking of something of value, with consciousness of risk and hope of gain, on the outcome of a game, a contest, or an otherwise event which result may be determined by chance or accident or which may have caused an unexpected result by reason of the bettors miscalculation. "
The simple gambler usually does not feel that he or she takes the risk when they risk a small amount they can afford without deprivation. Twenty dollars to a an American of middle class is almost nothing. Charitable drawings give the risk taker an excuse for gaming, and at the same time justifying it by giving money for good purpose.
Here you can read about a number of examples of things having some features of gaming but are not in reality gambling. A new stock may have a free promotional drawing to attract new clients. This is not gambling. Those who make a profession of seeking out and entering free competitions, lotteries and poker tournaments illustrate that if you enter enough competitions as many times as possible, one day you will become a winner.
Buying an apartments instead of renting can not be considered as gaming. Estate values may decrease and increase, but the home buyer is providing shelter based upon an economic decision, weighing all risks. The individuals speculating in the housing market expecting for a big income when the market goes up are indeed gambling. There are many risks we must take every day that are not gaming. Insurance, for example, is NOT gambling, but a way to share risks and the expenses.