#1 2021-05-18 14:53:57

Lucile7913
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From: France, Levallois-Perret
Registered: 2021-05-12
Posts: 11
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Betting is basically the wagering of some thing of value or cash on an uncertain event with an equally uncertain consequence, together with the major purpose of winning either cash or product. Gambling therefore needs three components for it to exist: risk, consideration, and a reward. The first one refers to the uncertainty of the outcome and the importance one gives to this; the second describes the relative likelihood of the occurrence of the event and the significance of the one's actions; while the third element, the prize, also describes the monetary reimbursement one receives after winning. In gambling, what matters most is that you 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 percentage of all wins to all losses.


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