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[This question refers to the major revisions made to the Gollum chapter, Riddles in the Dark, not to the multitude of minor changes made elsewhere.] In the original 1937 edition of The Hobbit Gollum was genuinely willing to bet his ring on the riddle game, the deal being that Bilbo would receive a present if he won. Gollum in fact was dismayed when he couldn't keep his promise because the ring was missing.
In The Hobbit, Bilbo Baggins, a hobbit in comfortable middle age at 50 years old, was hired in spite of himself as a burglar by the wizard Gandalf and 13 Dwarves led by their king Thorin Oakenshield on a quest to reclaim the Lonely Mountain and its treasure from the dragon Smaug.ilbo Baggins is the title character and protagonist of J. R. R. Tolkien 's 1937 novel The Hobbit, as well as a supporting character in The Lord of the Rings.