This is a prescriptive definition that doesn’t fully correspond to common usage patterns: - Some sports bettors apply advanced analytics and win consistently.

This is a prescriptive definition that doesn’t fully correspond to common usage patterns: - Some sports bettors apply advanced analytics and win consistently. We can still sensibly use the expression ”sports gambling.” - Conversely, people ”invest” in crypto schemes that are sure to lose The conceptual distinction you’re drawing may be a useful one, but I don’t think it perfectly follows the contours of the words ”gambling” and ”investing.” These words are used in different contexts for random historical reasons. On average, the contexts in which we would say ”investing” are a lot safer than the contexts in we would say ”gambling,” but it’s not totally cut and dry.