I am the new one

JonRitchey

Betting is fundamentally the wagering of something of value or money in an uncertain event with a equally uncertain consequence, with the major purpose of winning either money or merchandise. Gambling therefore requires three components for it to exist: danger, consideration, and a reward. The first one describes the doubt of the outcome and also the importance one gives for this; the second describes the comparative likelihood of the occurrence of the event and the relevance of this to one's actions; while the third component, the prize, describes the financial compensation one receives after winning. In gaming, what matters most is that you wins, while what matters least is whether one wins or loses. In gambling, there is no such thing as pure win-loss ratio but rather a proportion of wins to all losses.