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#1 2021-05-11 08:18:11

From: Austria, Niederalm
Registered: 2021-05-09
Posts: 9

Just wanted to say Hi.

Betting is fundamentally the wagering of something of value or money on an uncertain event with an equally uncertain consequence, with the major intention of winning either money or product. Gambling therefore requires three components in order for it to exist: risk, consideration, and a reward. The first one describes the uncertainty of the outcome and the importance one gives for the; the second refers to the comparative likelihood of this occurrence of the event and also the relevance of this to one's actions; while the next component, the prize, also describes the financial compensation one receives after winning. In gaming, what matters most is that you wins, while what matters least is whether one wins or loses. In gambling, there is no such thing as pure win-loss ratio but instead a percentage of wins to all losses.

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