#1 2021-05-11 17:43:36

Mireya2695
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Betting is basically the wagering of something of value or money in an uncertain event with a equally uncertain result, together with the main intention of winning either cash or merchandise. Gambling therefore needs three components for it to exist: danger, consideration, and a reward. The first one refers to the uncertainty of the outcome and also the importance one gives for this; the second describes the comparative likelihood of this occurrence of the event and the significance of the one's activities; while the third element, the prize, refers to the monetary compensation one receives after winning. In gaming, what matters most is that you wins, while what things least is whether one wins or loses. In gambling, there is no such thing as pure win-loss ratio but rather a proportion of all wins to all losses.


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