Forum Iris & Bulbes

Betting is basically the wagering of something of value or money on an uncertain event with an equally uncertain result, together with the main intention of winning either cash or product. Gambling therefore requires three components in order for it to exist: danger, consideration, and a reward. The first one refers to the uncertainty of the outcome and also the importance one gives to this; the second refers to the comparative likelihood of the occurrence of this event and also the significance of the one's actions; while the third element, the prize, also describes the financial 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 gaming, there's absolutely no such thing as pure win-loss ratio but rather a percentage of wins to all losses.