what are the 3 types of gambling?

What are the 3 types of gambling? This is a tricky question! Its impossible to neatly categorize all types of gambling into just three. But, we can look at it from a few different angles to understand the main types:1. By Game Format: Games of Chance: These are games where the outcome is completely random and depends on luck, with no skill involved. Examples include slot machines, lottery, and roulette. Games of Skill: These involve strategy, knowledge, and decisionmaking. Players can influence the outcome through their skill. Examples include poker, blackjack, and sports betting. Mixed Games: Many games combine elements of both chance and skill. For example, in baccarat, players have some strategic decisions to make, but the ultimate outcome still depends on card draws. 2. By Bet Type: Fixedodds betting: The odds are set in advance by the bookmaker, and the payout is determined based on these odds. This is common in sports betting and horse racing. Parimutuel betting: The odds are determined by the total amount of money wagered on each outcome. This is used in many horse racing events. Spread betting: This involves betting on the difference between the actual outcome and a predicted value. Its popular in sports and financial markets.3. By Venue: Casino gambling: This takes place in brickandmortar casinos and offers a wide range of games, from slots and table games to poker tournaments. Online gambling: This refers to betting through online platforms, encompassing everything from online slots and poker to sports betting and fantasy sports. Lottery: This is a form of gambling where people purchase tickets with numbers, and the winners are determined by random drawings.Its important to remember that these are just broad categories, and there are many other ways to classify gambling. The best way to understand the types of gambling is to explore the various games and betting formats available.