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Gambling refers to wagering money in an event that has an uncertain outcome in hopes of winning more money,
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whereas speculation involves taking a calculated risk in an uncertain outcome.
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Speculation involves some sort of positive expected return on investment—even though the end result may very well be a loss.
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Gambling refers to wagering money in an event that has an uncertain outcome in hopes of winning more money,
whereas speculation involves taking a calculated risk in an uncertain outcome.
Speculation involves some sort of positive expected return on investment—even though the end result may very well be a loss.
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