Forum Iris & Bulbes

Gambling is basically the wagering of something of value or money in an uncertain event with a equally uncertain result, with the major purpose of winning either cash or product. Gambling therefore requires three elements in order for it to exist: danger, consideration, and a reward. The first one refers to the uncertainty of the outcome and the importance one gives to this; the second describes the comparative likelihood of the occurrence of this event and also the significance of this to one's activities; while the next element, the prize, refers to the financial reimbursement one receives after winning. In gaming, what matters most is that one wins, while what matters 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.