Forum Iris & Bulbes

Gambling is fundamentally the wagering of something of value or cash in an uncertain event with a equally uncertain result, together with the major purpose of winning either cash or merchandise. Gambling therefore needs three elements for it to exist: risk, consideration, and a reward. The first one describes the uncertainty of the outcome and also the importance one gives for the; the second describes the relative likelihood of this occurrence of this event and also the relevance of the one's actions; while the third element, the prize, describes the monetary reimbursement one receives after winning. In gaming, what matters most is that you 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 proportion of all wins to all losses.