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Some speculative investment functions are notably risky, but are occasionally perceived to get different from gambling:

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Intense players are risk-takers that often wager high early in a hand before looking at how one other gamers are acting on their playing cards.

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Parimutuel wagers repay at charges based on guidance from the wagering swimming pools, though bookmakers pay back possibly at the percentages offered at the time of accepting the bet; or in the median odds offered by track bookmakers at the time the race began.