It’s worth sharing
When you bet on a sport, you actually place a wager on it. Betting differs from gambling in such a way that you use your common sense or say intelligence to make a bet.
On the other hand gambling in something where you and the other person are equally involved in the game. No one uses common sense. It depends totally on person’s luck. Simplest example of gambling is “toss of a coin” where outcome depends totally on the person’s luck.
Betting is something where you or the other person is not involved in the game but a minimum of two players are involved. You use your common sense to predict who will win. There are chances depending on the capability of the players.