Forum Iris & Bulbes

Gambling is basically the wagering of something of value or money on an uncertain event with a equally uncertain result, together with the main purpose of winning either cash or merchandise. 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 to the; the second refers to the comparative likelihood of the occurrence of this event and also the relevance of the one's actions; while the next component, the prize, also refers to the monetary compensation one receives after winning. In gaming, what matters most is that you 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 rather a percentage of all wins to all losses.