Just want to say Hi!

LukeYpf616

Betting is basically the wagering of some thing of value or money on an uncertain event with a equally uncertain result, with the main intention of winning either money or product. Gambling therefore needs three components in order for it to exist: risk, consideration, and a reward. The first one describes the doubt of the outcome and also the importance one gives for this; the second refers to the relative likelihood of the occurrence of the event and the relevance of this to one's activities; while the next component, the prize, describes the monetary compensation one receives after winning. In gambling, what matters most is that you wins, while what matters least is whether one wins or loses. In gambling, there's absolutely no such thing as pure win-loss ratio but rather a percentage of all wins to all losses.