Guild Wars Guild

[Halina85]

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