Forum Iris & Bulbes

Gambling is fundamentally the wagering of some thing of value or money on an uncertain event with a equally uncertain consequence, with the major purpose of winning either cash or product. Gambling therefore needs three elements for it to exist: danger, consideration, and a reward. The first one refers to the uncertainty of the outcome and also the importance one gives to this; the second describes the relative likelihood of this occurrence of the event and also the significance of the one's activities; while the next element, the prize, also refers to the financial 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 gaming, there's absolutely no such thing as pure win-loss ratio but rather a percentage of all wins to losses.