I am the new one

WCFTim580

Betting is fundamentally the wagering of something of value or money in an uncertain event with an equally uncertain consequence, together with the major purpose of winning either cash or product. Gambling therefore requires three elements 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 relative likelihood of the occurrence of this event and also the relevance of the one's actions; while the third component, the prize, also refers to the monetary compensation one receives after winning. In gambling, what matters most is that one wins, while what matters least is if one wins or loses. In gaming, there is no such thing as pure win-loss ratio but rather a percentage of all wins to all losses.