Guild Wars Guild

[KerryCam]

Betting is basically the wagering of something of value or money in an uncertain event with a equally uncertain consequence, together with the major intention of winning either cash or merchandise. Gambling therefore needs three elements in order for it to exist: danger, consideration, and a reward. The first one describes 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 also the significance of this to one's actions; while the third element, the prize, describes the monetary compensation one receives after winning. In gaming, what matters most is that you wins, while what matters least is if one wins or loses. In gambling, there's absolutely no such thing as pure win-loss ratio but rather a percentage of wins to losses.