Forum Iris & Bulbes

Betting is fundamentally the wagering of something of value or money in an uncertain event with a equally uncertain result, together with the major purpose of winning either money or merchandise. Gambling therefore requires 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 for the; the second refers to the relative likelihood of the occurrence of the event and the significance of the one's actions; while the third element, the prize, also describes the monetary 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 rather a proportion of all wins to losses.