A gamble is an activity where a person risks something of value, usually money, on an uncertain outcome. This often occurs in games of chance, such as casino games, sports betting, or lotteries. The goal is to win more than what was initially staked, but there is always a risk of losing the wagered amount. Gambling can take many forms, from casual bets among friends to organized events like poker tournaments. It is regulated in many places to ensure fairness and to prevent illegal activities. Responsible gambling practices are encouraged to minimize the potential for addiction and financial loss.