[Invité]

Betting is basically the wagering of some thing of value or cash on an uncertain event with a equally uncertain consequence, with the major purpose of winning either cash or merchandise. Gambling therefore needs three elements for it to exist: danger, consideration, and a reward. The first one describes the doubt of the outcome and also the importance one gives to the; the second refers to the relative likelihood of this occurrence of the event and the significance of this to one's actions; while the third element, the prize, refers to the financial compensation 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 wins to all losses.