#1 2021-05-11 19:44:48

Mireya2695
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Betting is basically the wagering of some thing of value or cash on an uncertain event with a equally uncertain result, with the main purpose of winning either cash or merchandise. Gambling therefore needs three elements in order for it to exist: risk, consideration, and a reward. The first one refers to the doubt of the outcome and the importance one gives for this; the second refers to the comparative likelihood of this occurrence of this event and also the relevance of the one's activities; while the next element, the prize, refers to the monetary 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 gaming, there is no such thing as pure win-loss ratio but rather a percentage of wins to losses.


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