No, it isn't. That's just not the definition that is used by people who gamble and are in financial markets. Words have definitions. No one uses the word "gambl

No, it isn't. That's just not the definition that is used by people who gamble and are in financial markets. Words have definitions. No one uses the word "gambling" when they buy insurance on their house. They payoff is contingent, but it's not creating risk for it's own sake.