I am the new one

BarbManna

Gambling is basically the wagering of some thing of value or cash on an uncertain event with an equally uncertain result, together with the main intention of winning either money or product. Gambling therefore needs three components in order for it to exist: danger, consideration, and a reward. The first one describes the uncertainty of the outcome and also the importance one gives to this; the second describes the comparative likelihood of this occurrence of the event and also the relevance of this to one's activities; while the third component, the prize, also describes the financial compensation one receives after winning. In gaming, 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 proportion of all wins to all losses.