Forum Iris & Bulbes

Betting is fundamentally the wagering of some thing of value or money in an uncertain event with an equally uncertain consequence, together with the major purpose of winning either money or merchandise. Gambling therefore needs three components for it to exist: danger, consideration, and a reward. The first one describes the uncertainty of the outcome and the importance one gives for this; the second describes the comparative likelihood of the occurrence of this event and the significance of the one's actions; while the third component, the prize, refers to the financial reimbursement one receives after winning. In gambling, what matters most is that you wins, while what things least is whether one wins or loses. In gaming, there's absolutely no such thing as pure win-loss ratio but rather a proportion of all wins to losses.