Just want to say Hi!

NannieGale

Betting is basically the wagering of some thing of value or money on an uncertain event with an equally uncertain consequence, with the main intention of winning either cash or merchandise. Gambling therefore requires three elements in order for it to exist: danger, consideration, and a reward. The first one describes the doubt of the outcome and the importance one gives to this; the second refers to the relative likelihood of this occurrence of this event and also the significance of this to one's activities; while the third component, the prize, describes the financial compensation one receives after winning. In gaming, what matters most is that you wins, while what things least is if one wins or loses. In gambling, there is no such thing as pure win-loss ratio but rather a proportion of wins to losses.