Forum Iris & Bulbes

Betting is fundamentally the wagering of something of value or money on an uncertain event with an equally uncertain result, with the major purpose of winning either cash or product. Gambling therefore requires three components for it to exist: risk, consideration, and a reward. The first one describes the doubt of the outcome and also the importance one gives for this; the second describes the relative likelihood of this occurrence of this event and also the significance of the one's activities; while the next element, the prize, also describes the financial reimbursement one receives after winning. In gambling, what matters most is that you wins, while what matters least is if one wins or loses. In gambling, there's absolutely no such thing as pure win-loss ratio but rather a proportion of all wins to losses.