I am the new guy

Gilda77N64

Gambling is basically the wagering of some thing of value or cash on an uncertain event with a equally uncertain result, together with the major purpose of winning either money or merchandise. Gambling therefore requires three elements for it to exist: risk, consideration, and a reward. The first one refers to the uncertainty of the outcome and the importance one gives to this; the second refers to the relative likelihood of the occurrence of the event and the relevance of this to one's actions; while the next component, the prize, also refers to the monetary reimbursement one receives after winning. In gambling, 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 rather a percentage of wins to all losses.