Forum Iris & Bulbes

Gambling is basically the wagering of some thing of value or cash on an uncertain event with an equally uncertain consequence, together with the main purpose of winning either money or merchandise. Gambling therefore requires 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 describes the relative likelihood of the occurrence of the event and also the significance of the one's activities; while the next element, the prize, also refers to the financial reimbursement one receives after winning. In gaming, what matters most is that you 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.