 Gambling and information theory

### Gambling Gambling is the act of wagering or betting money or something of value on an event with an uncertain outcome, with the primary intent of winning additional money or material goods. It involves two main components: 1. **Chances**: The outcome of a wager often relies on the element of chance, which can range from a fully random event (like a dice roll or a lottery draw) to events influenced by skill (like poker or sports betting).