#1 2021-05-11 19:49:12

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 intention of winning either money or merchandise. Gambling therefore requires three components for it to exist: danger, consideration, and a reward. The first one describes the uncertainty of the outcome and the importance one gives to the; the second describes the comparative likelihood of the occurrence of the event and also the relevance of the one's actions; while the third component, the prize, describes the monetary reimbursement one receives after winning. In gambling, what matters most is that one 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 all wins to losses.


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