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Gambling is fundamentally the wagering of something of value or cash on an uncertain event with a equally uncertain result, together with the main purpose of winning either money or product. Gambling therefore requires three elements for it to exist: danger, consideration, and a reward. The first one refers to the doubt of the outcome and also the importance one gives to the; 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 next component, the prize, also refers to the financial reimbursement one receives after winning. In gaming, what matters most is that one wins, while what things least is if one wins or loses. In gaming, there's absolutely no such thing as pure win-loss ratio but rather a percentage of wins to all losses. |
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