“ Betting can be of several types, with every type requiring
its own legal structure. In Nevada, for example, there is what is known as a"suit." A suit is
an agreement or a contract involving a person placing a wager and the person or group
placing the cash at stake. In certain countries, a"betting account" is created in which cash deposited to the account is retained
by means of a bookmaker and is not available to gamers;
others allow online gambling but do not permit offline
gaming. Finally, you will find"rollover" trades where
the cash in a participant's account is removed before it's used.
This way, the term gambling covers a vast range of
trades and may refer to every one of them, as each has its own set of conditions under which it can occur. ”