I am the new guy

NannieGale

Betting is fundamentally the wagering of something of value or cash on an uncertain event with an equally uncertain consequence, together with the major purpose of winning either cash or product. Gambling therefore requires three components for it to exist: risk, consideration, and a reward. The first one refers to the doubt of the outcome and also the importance one gives for the; the second refers to the relative likelihood of the occurrence of the event and the relevance of this to one's actions; while the third component, the prize, refers to the monetary reimbursement 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 rather a percentage of wins to losses.