Gambling is taking a risk and whenever there is money involved and you take a risk to see how much money you can win back if you put the money in then that is gambling. We also learned that flipping houses and placing bets on sporting events is considered gambling as well. So, the bottom line here is if you do gamble be sure that you are willing to out way the risk to lose the money verses what money you would get back if you decided to wager that much money.