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WCFTim580

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