I am the new guy

MoraFhe466

Gambling is basically the wagering of some thing of value or cash on an uncertain event with an equally uncertain consequence, together with the main purpose of winning either money or merchandise. Gambling therefore needs three components for it to exist: danger, 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 this event and the relevance of the one's activities; while the third component, the prize, also refers to the monetary reimbursement one receives after winning. In gambling, what matters most is that you wins, while what matters least is if one wins or loses. In gaming, there is no such thing as pure win-loss ratio but instead a percentage of all wins to losses.