Just want to say Hello.

KathrynD · Posted: Wed 1:20, 19 May 2021 Post subject: Just want to say Hello.

Betting is basically the wagering of some thing of value or money on an uncertain event with a equally uncertain result, with the major intention of winning either cash or merchandise. Gambling therefore requires three components for it to exist: risk, consideration, and a reward. The first one refers to the uncertainty of the outcome and also the importance one gives to this; the second refers to the comparative likelihood of this occurrence of this event and also the significance of this to one's actions; while the next component, the prize, also describes the monetary 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 percentage of all wins to losses.