Forum Iris & Bulbes

Gambling is fundamentally the wagering of some thing of value or money on an uncertain event with an equally uncertain consequence, with the major intention 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 also the importance one gives to this; the second refers to the comparative likelihood of this occurrence of this event and the relevance of this to one's activities; while the next component, the prize, also describes the financial reimbursement one receives after winning. In gaming, what matters most is that you wins, while what things least is if one wins or loses. In gambling, there's absolutely no such thing as pure win-loss ratio but instead a proportion of wins to all losses.