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Gambling is fundamentally the wagering of something of value or cash in an uncertain event with a equally uncertain result, with the main purpose of winning either cash or product. Gambling therefore requires three components for it to exist: risk, consideration, and a reward. The first one describes the doubt of the outcome and also the importance one gives for the; the second describes the comparative likelihood of this occurrence of this event and also the significance of this to one's activities; while the next component, the prize, describes the monetary reimbursement one receives after winning. In gaming, what matters most is that one wins, while what matters least is if one wins or loses. In gambling, there's absolutely no such thing as pure win-loss ratio but rather a proportion of wins to all losses. |
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