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General Discussion / Im happy I now registered
« on: February 16, 2022, 05:57:43 PM »
Betting is basically the wagering of something of value or money in an uncertain event with a equally uncertain consequence, with the major intention of winning either cash or merchandise. Gambling therefore needs three components in order 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 the; the second refers to the relative likelihood of this occurrence of this event and also the relevance of the 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 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.