Forum Iris & Bulbes

Gambling is fundamentally the wagering of something of value or cash in an uncertain event with an equally uncertain result, together with the main purpose of winning either money or product. Gambling therefore needs three elements in order for it to exist: risk, consideration, and a reward. The first one describes the uncertainty of the outcome and the importance one gives to this; the second describes the comparative likelihood of the occurrence of the event and the significance of this to one's activities; while the third element, the prize, also describes the monetary compensation one receives after winning. In gambling, what matters most is that you wins, while what matters least is if one wins or loses. In gaming, there's absolutely no such thing as pure win-loss ratio but rather a percentage of all wins to losses.