Forum Iris & Bulbes

Gambling is basically the wagering of something of value or cash on an uncertain event with an equally uncertain consequence, together with the main purpose of winning either cash or product. Gambling therefore requires 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 to this; the second describes the comparative likelihood of this occurrence of the event and the relevance of the one's activities; while the third component, the prize, refers to 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 gaming, there is no such thing as pure win-loss ratio but rather a proportion of all wins to losses.