Quote from: toodamntired on July 03, 2016, 08:19:21 PM

Roll some dice, flip a card, pull a slot handle: Gambling.

Research statistics to decide which team will win a game/match: Betting.

With betting, you can at least make an informed decision that requires a bit of knowledge and skill plus a little luck. When you gamble, its usually 100% luck that decides your outcome.

Gambling: Gambling is an activity that humans have taken an interest in since time immemorial.

Betting: Betting is predicting the outcome of a future event and placing a wage on that outcome.

http://www.differencebetween.com/difference-between-betting-and-vs-gambling/

I just did google, and I think your explanation is decent.

No wonder people say: sports betting, not sports gambling. Grin