I am the new one

Sadie1189

Betting is fundamentally the wagering of something of value or money on an uncertain event with an equally uncertain result, with the major intention of winning either cash or merchandise. Gambling therefore needs three elements in order for it to exist: risk, consideration, and a reward. The first one describes the uncertainty of the outcome and the importance one gives for this; the second describes the comparative likelihood of this occurrence of the event and also the relevance of this to one's actions; while the third component, the prize, refers to the monetary compensation one receives after winning. In gambling, what matters most is that one wins, while what matters least is whether one wins or loses. In gambling, there is no such thing as pure win-loss ratio but instead a proportion of all wins to all losses.