Forum Iris & Bulbes

Gambling is fundamentally the wagering of something of value or cash in 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: danger, consideration, and a reward. The first one refers to the doubt of the outcome and the importance one gives to this; the second describes the comparative likelihood of this occurrence of this event and the relevance of this to one's activities; while the third element, the prize, describes the monetary compensation one receives after winning. In gaming, what matters most is that one 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.