I am the new guy

SteveCastr

Gambling is fundamentally the wagering of something of value or cash in an uncertain event with a equally uncertain result, together with the major purpose of winning either cash or product. Gambling therefore needs three elements in order for it to exist: danger, consideration, and a reward. The first one refers to the uncertainty of the outcome and the importance one gives for this; the second refers to the relative likelihood of this occurrence of this event and also the relevance of this to one's activities; while the third component, the prize, also refers to the monetary reimbursement one receives after winning. In gaming, what matters most is that you wins, while what things least is if one wins or loses. In gambling, there is no such thing as pure win-loss ratio but instead a percentage of wins to all losses.