To gamble, says my dictionary, is "to play for money in games of skill or chance," and it adds the information that the word is derived from the Anglo-Saxon _gamen_, which means "a game". Now, to me this definition is particularly interesting, because it justifies all that I have been thinking about the gambling spirit in connexion with Premium Bonds. I am against Premium Bonds, but not for the popular reason. I am against them because (as it seems to me) there is so very little of the gamble about them. And now that I have looked up "gamble" in the dictionary, I see that I was right. The "chance" element in a state lottery is obvious enough, but the "game" element is entirely absent. It is nothing so harmless and so human as the gambling spirit which Premium Bonds would encourage. We play for money in games of skill or chance--bridge, for instance. But it isn't only of the money we are thinking. We get pleasure out of the game. Probably we prefer it to a game of greater chance, such as _vingt-et-un_. But even at _vingt-et-un_ or baccarat there is something more than chance which is taking a hand in the game; not skill, perhaps, but at least personality. If you are only throwing dice, you are engaged in a personal struggle with another man, and you are directing the struggle to this extent, that you can call the value of the stakes, and decide whether to go on or to stop. And is there any man who, having made a fortune at Monte Carlo, will admit that he owes it entirely to chance? Will he not rather attribute it to his wonderful system, or if not to that, at any rate to his wonderful nerve, his perseverance, or his recklessness? The "game" element, then, comes into all these forms of gambling, and still more strongly does it pervade that most common form of gambling, betting on horses. I do not suggest that the street-corner boy who puts a shilling both ways on Bronchitis knows anything whatever about horses, but at least he thinks he does; and if he wins five shillings on that happy afternoon when Bronchitis proves himself to be the 2.30 winner, his pleasure will not be solely in the money. The thought that he is such a skilful follower of form, that he has something of the national eye for a horse, will give him as much pleasure as can be extracted from the five shillings itself.