Forum Iris & Bulbes

Gambling is basically the wagering of something of value or money in an uncertain event with an equally uncertain consequence, together with the major intention of winning either money or product. Gambling therefore requires three components for it to exist: danger, consideration, and a reward. The first one describes the doubt of the outcome and the importance one gives for the; the second refers to the comparative likelihood of the occurrence of the event and also the significance of the one's actions; while the next element, the prize, also describes the financial compensation one receives after winning. In gambling, what matters most is that you wins, while what things 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.