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Gambling and betting are often used interchangeably, but they have distinct definitions. Gambling refers to any form of entertainment that involves the chance of winning or losing money, such as card games, slot machines, online casinos, and bookmakers. Betting, on the other hand, refers specifically to the act of wagering money on an outcome, whether it be in sports events, political races, or even weather changes. The term “betting” also encompasses those who place the bets, also known as betting customers.