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Well to be fair you don't technically loose anything but probably a few cents depending on when item you get.As you get an item no matter what and as in the definition it states risks and chance of loose you get a virtual item in exchange for the money you spent on the case.
2. Yes, you do lose a lot. Paying 2.60 for a key, then selling the item for 1 c is a huge loss, no? People rarely keep the skins they draw from cases. So how is this not a risk of loss of money? That's what Valve introduced the Market for. It's all about the money! You spend real money on virtual goods, so you don't really receive anything in return, do you? When you gamble, you don't receive anything either except money (if you happen to win), so anything that has a random outcome and is based on value/money, is gambling.
I can't come up with anything else so i am just going to say you win the argument.