Forum Iris & Bulbes

Gambling is basically the wagering of something of value or money on an uncertain event with an equally uncertain result, with the main purpose of winning either money or merchandise. Gambling therefore requires three elements for it to exist: danger, consideration, and a reward. The first one describes the doubt of the outcome and the importance one gives to the; the second describes the comparative likelihood of this occurrence of this event and also the significance of the one's actions; while the third element, the prize, refers to the financial reimbursement one receives after winning. In gaming, 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 instead a proportion of all wins to losses.