Is there a hard threshold? Do high risk investments such as penny stocks qualify as gambling? Do low risk investments? Annuities? Bonds? CDs?
This comment got me wondering.
Is it more to do with the venue? Stock markets and real estate vs casinos and the lottery?
Were the MIT Blackjack Team gambling or investing?
Is this just another semantic hotdogs are sandwiches discussion or is there an agreed threshold?
It depends. When there is no winner the earnings roll over which means you can make money. People have made millions buying thousands of tickets so they put rules in to stop it.
https://www.npr.org/2018/10/23/659988605/the-odds-of-winning-the-lottery-are-not-good-but-this-man-managed-to-flip-them