I am the new guy

BarbManna

Betting is fundamentally the wagering of some thing of value or money in an uncertain event with a equally uncertain result, together with the main intention of winning either cash or product. Gambling therefore needs three elements in order for it to exist: risk, consideration, and a reward. The first one refers to the doubt of the outcome and the importance one gives to this; the second describes 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 financial 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 gaming, there is no such thing as pure win-loss ratio but instead a percentage of all wins to losses.