Just wanted to say Hi!

JonRitchey

Betting is basically the wagering of something of value or money on an uncertain event with an equally uncertain result, with the major purpose of winning either money or merchandise. Gambling therefore needs three components for it to exist: risk, consideration, and a reward. The first one describes the uncertainty of the outcome and the importance one gives for the; the second refers to the comparative likelihood of this occurrence of the event and the relevance of the one's activities; while the next element, the prize, also refers to the monetary compensation one receives after winning. In gambling, what matters most is that one wins, while what things 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.