Forum Iris & Bulbes

Gambling is basically the wagering of something of value or money in an uncertain event with a equally uncertain result, with the main purpose of winning either cash or product. Gambling therefore needs three components in order 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 relative likelihood of this occurrence of this event and also the significance of the one's activities; while the third component, the prize, describes the monetary reimbursement one receives after winning. In gaming, what matters most is that one wins, while what things least is whether one wins or loses. In gambling, there's absolutely no such thing as pure win-loss ratio but instead a proportion of all wins to all losses.