Forum Iris & Bulbes

Betting is fundamentally the wagering of something of value or money in an uncertain event with an equally uncertain result, together with the major intention of winning either cash or merchandise. Gambling therefore requires three elements for it to exist: danger, consideration, and a reward. The first one refers to the doubt of the outcome and the importance one gives to the; the second describes the relative likelihood of this occurrence of this event and also the significance of this to one's actions; while the next component, the prize, refers to the monetary compensation one receives after winning. In gambling, what matters most is that one wins, while what things least is if one wins or loses. In gambling, there's absolutely no such thing as pure win-loss ratio but instead a percentage of all wins to all losses.