Forum Iris & Bulbes

Betting is fundamentally the wagering of something of value or cash in an uncertain event with a equally uncertain consequence, with the main intention of winning either cash or product. Gambling therefore requires three components in order for it to exist: danger, consideration, and a reward. The first one describes the uncertainty of the outcome and the importance one gives for the; the second refers to the comparative likelihood of the occurrence of this event and also the significance of the one's activities; while the third element, the prize, describes the financial reimbursement one receives after winning. In gaming, 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 instead a proportion of wins to all losses.