For any quick transaction of sale and purchase of product or service if the price is decided before the transaction then the transaction is called Trading.  Whereas, if the price is completely uncertain then the transaction is a Gambling.

Playing cards for quick money is not the only example of gambling, there are many transactions, which are also gambling but most people don’t realize that.  One such example is playing in stock market.  Investing money in stock market is not gambling, that’s called investing.  However, buying stock and then selling that in few hours is gambling.  In that type of gambling there is no guarantee whether you will make gain or loss.  While buying or selling, with intension of selling or buying back in few hours you believe you will make profit, but you might end up making loss; and that’s called gambling.

Another type of gambling is pyramid business.  Some multi-level businesses such as Amway are actually gambling businesses.  Ninety-five percent people who get into such a business make loss, and five percent people make huge profit.  It is simple arithmetic that money moves from ninety-five percent people’s pockets into five percent people’s.  While getting into such a business you believe you will be one of those five percent people.  In other words you gamble; take your chances to become one of the five percent group; but quite possible you fail to get there, and end up in the other group, the group that has ninety-five percent people, who lost all their investments.

Anybody who wishes to be healthy, wealthy, and happy should stay away from this wrong habit of gambling.