Forum Iris & Bulbes

Gambling is basically the wagering of some thing of value or cash in an uncertain event with a equally uncertain consequence, with the major purpose of winning either money or product. Gambling therefore needs three elements for it to exist: danger, consideration, and a reward. The first one refers to the uncertainty of the outcome and also the importance one gives to this; the second describes the relative likelihood of the occurrence of the event and the relevance of this to one's activities; while the next component, the prize, also refers to the financial reimbursement one receives after winning. In gambling, what matters most is that you wins, while what matters least is if one wins or loses. In gambling, there's absolutely no such thing as pure win-loss ratio but instead a percentage of wins to losses.