Guild Wars Guild

[DanialCa]

Betting is basically the wagering of some thing of value or cash in an uncertain event with a equally uncertain consequence, together with the major purpose of winning either money or product. Gambling therefore needs three elements for it to exist: danger, consideration, and a reward. The first one refers to the uncertainty of the outcome and also the importance one gives for this; the second refers to the relative likelihood of the occurrence of this event and the significance of the one's activities; while the third element, the prize, also refers to the monetary compensation one receives after winning. In gaming, what matters most is that one wins, while what things least is if one wins or loses. In gambling, there's absolutely no such thing as pure win-loss ratio but rather a proportion of wins to all losses.