One can also bet with another person that a statement is true or false or that a specified event will happen (this is called a “back bet”) or will not happen (a “lay bet”) within a specified time. This occurs in particular when two people have opposing but strongly-held views. They not only hope to gain from the bet but place a bet to demonstrate how certain they are about the issue. Some means of determining the issue at stake must exist.
Sometimes the amount bet remains nominal, so that the outcome is one of principle rather than of financial importance. The most popular and widely known form of profit oriented betting is sports betting, either live or online. However the virtual community of the Internet has created some other interesting forms of betting. One can place wages online on the winners of the next Oscar Prize or on the last standing player of one of the ever popular television reality shows like Big Brother.
We can also bet on various kinds of Quiz shows, either on the winners or on the correct answer. A more political bet is the one on the person of the next president of the USA. You can also bet online on the actor who will play the character of the cult figure James Bond in the next edition of the movie. Weather forecast is also a topic to bet on. Some sites offer cash payout for correctly predicting the temperature of the next Thursday for example, or the exact level of air humidity two weeks ahead.
Though many participate in gambling as a form of recreation at a land-based casino in Vegas, Atlantic City, Monte Carlo or his favorite gambling hall or at online casinos, gambling can become a psychologically addictive and harmful behavior in some people. The Russian writer Dostoevsky portrays in his novella The Gambler the psychological implications of gambling and how gambling can affect gamblers. As we see betting on whatever topic can be a simple hobby but at the same time one has to be careful not to overdo it.