Just want to say Hi!

SteveCastr

Betting is basically the wagering of some thing of value or cash on an uncertain event with an equally uncertain result, with the major purpose of winning either cash or merchandise. Gambling therefore needs three components for it to exist: danger, consideration, and a reward. The first one describes the uncertainty of the outcome and the importance one gives for the; the second describes the relative likelihood of the occurrence of this event and the relevance of the one's activities; while the third component, the prize, describes the monetary compensation one receives after winning. In gambling, 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 instead a percentage of wins to all losses.