|
Gambling is basically the wagering of something of value or money on an uncertain event with a equally uncertain consequence, with the major intention of winning either cash or merchandise. Gambling therefore requires three components in order for it to exist: danger, consideration, and a reward. The first one refers to the uncertainty of the outcome and also the importance one gives to the; the second describes the comparative likelihood of the occurrence of the event and the significance of the one's activities; while the next component, the prize, describes the financial 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 gaming, there's absolutely no such thing as pure win-loss ratio but instead a percentage of all wins to all losses. |
|