Guild Wars Guild

[Hiram953]

Betting is fundamentally the wagering of some thing of value or cash in an uncertain event with an equally uncertain consequence, together with the major purpose of winning either money or merchandise. Gambling therefore requires three elements for it to exist: danger, consideration, and a reward. The first one refers to the doubt of the outcome and also the importance one gives for the; the second refers to the comparative likelihood of this occurrence of this event and the relevance of this to one's activities; while the next element, the prize, describes the financial compensation one receives after winning. In gaming, what matters most is that you wins, while what things least is whether one wins or loses. In gambling, there's absolutely no such thing as pure win-loss ratio but instead a percentage of all wins to all losses.