Forum Iris & Bulbes

Gambling is fundamentally the wagering of some thing of value or cash on an uncertain event with an equally uncertain result, with the major intention of winning either money or product. Gambling therefore requires three elements in order for it to exist: danger, consideration, and a reward. The first one refers to the uncertainty of the outcome and the importance one gives for the; the second describes the comparative likelihood of the occurrence of this event and also the significance of this to one's activities; while the next component, the prize, describes the monetary compensation 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 is no such thing as pure win-loss ratio but rather a proportion of all wins to all losses.