Forum Iris & Bulbes

Gambling is basically the wagering of some thing of value or cash in an uncertain event with a equally uncertain consequence, together with the main intention 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 refers to the uncertainty of the outcome and also the importance one gives for the; the second refers to the relative likelihood of the occurrence of this event and the significance of this to one's actions; while the next element, the prize, refers to the monetary compensation one receives after winning. In gambling, what matters most is that one 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 instead a proportion of wins to all losses.