Auction vs Gamble - What's the difference?
auction | gamble |
A public event where goods or property are sold to the highest bidder.
*{{quote-magazine, date=2014-07-12, volume=412, issue=8895, magazine=(The Economist)
, title= A significant risk, undertaken with a potential gain.
A risky venture
To take a risk, with the potential of a positive outcome.
To play risky games, especially casino games, for monetary gain.
To risk (something) for potential gain.
To interact with equipment at a casino
As a noun auction
is a public event where goods or property are sold to the highest bidder.As a verb auction
is to sell at an auction.As a proper noun gamble is
.auction
English
(wikipedia auction)Noun
(en noun)Competition, hammered, passage=Auctions' come in a wide variety. In a “Dutch '''auction'''”, often used to sell flowers and fruit, prices start high and gradually drop until a bidder is willing to pay up. A “Japanese '''auction'''” is a bit like poker: bids rise with each round and anyone who wants to win must bid every time. Vendors using ' auctions rid themselves of the headache of choosing prices and instead just pick the rules bidders must follow.}}
Synonyms
* roup saleDerived terms
{{der3, auctionable , auction house , auctionlike , Dutch auction , Vickrey auction , silent auction}}Derived terms
* auctioneer * auction offSee also
* bid * bidderAnagrams
*gamble
English
(wikipedia gamble)Noun
(en noun)- ''The sailors had taken many gambles with the sea and always won.
Verb
(gambl)- He gambled his reputation on the outcome.