Forum Iris & Bulbes

Betting is basically the wagering of some thing of value or money in an uncertain event with an equally uncertain result, with the main purpose of winning either money or product. Gambling therefore needs three components in order for it to exist: danger, consideration, and a reward. The first one describes the doubt of the outcome and also the importance one gives to the; the second describes the comparative likelihood of the occurrence of the event and also the significance of the one's activities; while the next component, the prize, describes the monetary reimbursement one receives after winning. In gambling, what matters most is that one wins, while what things least is if one wins or loses. In gaming, there is no such thing as pure win-loss ratio but rather a percentage of wins to all losses.