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General Discussion / I am the new one
« on: February 16, 2022, 03:51:59 PM »
Betting is basically the wagering of some thing of value or cash in an uncertain event with a equally uncertain result, together with the main purpose of winning either cash or product. Gambling therefore requires 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 comparative likelihood of the occurrence of the event and the relevance of this to one's actions; while the third element, the prize, describes the financial compensation one receives after winning. In gambling, what matters most is that one wins, while what things least is whether one wins or loses. In gaming, there is no such thing as pure win-loss ratio but rather a proportion of wins to losses.