Changes

Gambling is an addictive and unproductive activity consisting of betting on games of chance.  Sometimes the game entails some skill as an attraction, as in [[poker]]. Gambling also includes betting on sporting events, or on events such as election results. [[Lottery|Lotteries]] are a common form of gambling, with a small stake being bet for the very low probability of winning a very large amount of money, if the numbers a player chooses are selected by a random number picking device.

'''Gambling''' is an addictive and unproductive activity consisting of betting on games of chance.  Sometimes the game entails some skill as an attraction, as in [[poker]]. Gambling also includes betting on sporting events, or on events such as election results. [[Lottery|Lotteries]] are a common form of gambling, with a small stake being bet for the very low probability of winning a very large amount of money, if the numbers a player chooses are selected by a random number picking device.

Many tragedies result from addiction to [[gambling]], such as losing all of one's money in a single gambling spree.  Only [[Missouri]] has a [http://www.conservapedia.com/Gambling_Loss_Limit gambling loss limit].

Many tragedies result from addiction to [[gambling]], such as losing all of one's money in a single gambling spree.  Only [[Missouri]] has a [[Gambling_Loss_Limit|gambling loss limit]].

In games played against the "house" (for example, in a [[casino]]), typically the players will have an [[expected return]] of less than 100%. For example, in roulette, in the case of a 0 or 00 result, the money bet goes to the casino. In games against other players (such as poker), the expected return might be 100%, when the players are of equal skill levels (assuming the order of dealing is not important), or certain players might have greater (or lesser) expected returns, if they are better (or worse) players. If all the money stays with the players, then the overall expected return is 100%. If the "house" takes a rake of the money bet, the overall expected return will be less than 100%.  

In games played against the "house" (for example, in a [[casino]]), typically the players will have an [[expected return]] of less than 100%. For example, in roulette, in the case of a 0 or 00 result, the money bet goes to the casino. In games against other players (such as poker), the expected return might be 100%, when the players are of equal skill levels (assuming the order of dealing is not important), or certain players might have greater (or lesser) expected returns, if they are better (or worse) players. If all the money stays with the players, then the overall expected return is 100%. If the "house" takes a rake of the money bet, the overall expected return will be less than 100%.