[Invité]

Betting is basically the wagering of some thing of value or money on an uncertain event with an equally uncertain consequence, together with the main intention of winning either money or product. Gambling therefore requires three components 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 to this; the second refers to the relative likelihood of the occurrence of the event and the relevance of this to one's activities; while the next element, the prize, also describes the monetary reimbursement one receives after winning. In gambling, what matters most is that one wins, while what matters least is whether one wins or loses. In gambling, there is no such thing as pure win-loss ratio but rather a proportion of wins to all losses.