| FloreneG |
 Posted: Sun 15:01, 17 Apr 2022 Post subject: I am the new one |
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| Gambling is basically the wagering of something of value or cash in an uncertain event with a equally uncertain consequence, together with the major purpose of winning either cash or product. Gambling therefore needs three components for it to exist: risk, consideration, and a reward. The first one refers to the uncertainty of the outcome and the importance one gives for this; the second describes the comparative likelihood of this occurrence of this event and also the relevance of this to one's activities; while the third component, the prize, also describes the financial compensation one receives after winning. In gambling, what matters most is that you wins, while what things least is if one wins or loses. In gambling, there is no such thing as pure win-loss ratio but rather a percentage of all wins to losses. |
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