Im glad I now signed up

RobbinDenk

Betting is basically the wagering of some thing of value or cash in an uncertain event with an equally uncertain consequence, together with the major intention of winning either money or product. Gambling therefore needs three elements in order for it to exist: danger, consideration, and a reward. The first one refers to the uncertainty of the outcome and the importance one gives for the; the second refers to the relative likelihood of the occurrence of this event and the significance of the one's actions; while the third component, the prize, also refers to the monetary reimbursement one receives after winning. In gaming, 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 wins to losses.