Forum Iris & Bulbes

Gambling is fundamentally the wagering of something of value or money on an uncertain event with an equally uncertain result, with the major purpose of winning either cash or product. Gambling therefore requires three elements in order for it to exist: risk, 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 relative likelihood of the occurrence of the event and also the significance of the one's actions; while the next component, the prize, also describes the monetary compensation one receives after winning. In gambling, 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 rather a percentage of all wins to losses.