If you enjoy the book, your payout is those feeling of enjoyment. If you lose, the price is the cost of the book and the time you wasted reading it - but you have the paltry consolation prize of a now-second-hand book that you can sell at a loss to a used book shop.
And you can affect your odds of winning or losing, by going with a genre or author that you already have an affinity to (or not!)
I could be said to be gambling that my comment will be read. I am also gambling that someone will not disagree with me. I am gambling that by writing this comment I'm not wasting time that could have been better spent in other endeavors. I am gambling that I will not die of a stroke just after writing my comment, making my final conscious act a pointless one.
If it sounds absurd, that's because it is. Of course it's not gambling, and neither is reading a book.
I think cryptokitties is somewhere between Poker and Slot machines.
When I buy a book, I usually don't know its contents beforehand (the exceptions are I had copied it somehow in my earlier years, and now I want to buy it to come clean, or it is a classic I just never bought yet).
Most of the time, I rely on a friends reference, or a review online, or maybe I just buy by chance. And in either of these cases, there is a less than 50% chance I perceive the book as good. Which, to me, is a gamble. So I suppose there is an edge I don't get?
Gambling is I give you $X I have a,b,c % chance of getting A,B,C. Usually I get nothing. Nothing I can do can effect the outcome.
Colloquially, you might say "I don't like this author, but the reviews say blah was a blah, so I took a gamble". But that is clearly not the same as pure chance gambling.
Books have nothing in common with gambling except for the books about gambling.