I am the new one

LukeYpf616

Betting is basically the wagering of something of value or cash in an uncertain event with an equally uncertain consequence, 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 refers to the uncertainty of the outcome and also the importance one gives for this; the second refers to the relative likelihood of this occurrence of the event and also the significance of this to one's activities; while the third component, the prize, also describes the financial reimbursement one receives after winning. In gambling, 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 instead a percentage of all wins to losses.