Guild Wars Guild

[FelixRei]

Betting is basically the wagering of something of value or money in an uncertain event with an equally uncertain consequence, with the main 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 refers to the uncertainty of the outcome and also the importance one gives for this; the second describes the comparative likelihood of this occurrence of this event and also the relevance of the one's actions; while the next component, the prize, also describes the financial compensation one receives after winning. In gambling, what matters most is that one wins, while what matters least is if one wins or loses. In gaming, there is no such thing as pure win-loss ratio but rather a percentage of wins to all losses.