All gambling, be it poker, a sports game, scratch’n win tickets etc. involves risking something of value in the hopes of winning something by chance. There are three elements to gambling: Wager is the cost of playing in the form of a bet or stake. This can be money or possessions that you are prepared to lose. Chance is the uncertainty and the fact that the outcome of the gamble cannot be predicted or guaranteed. Risk is the value of the wager that has been made on an uncertain outcome. Before you gamble, ask yourself; “Is the potential of winning worth the risk of losing?”