Forum Iris & Bulbes

Gambling is basically the wagering of some thing of value or money in an uncertain event with a equally uncertain result, with the main purpose of winning either money or product. Gambling therefore needs three components for it to exist: risk, consideration, and a reward. The first one refers to the doubt of the outcome and the importance one gives for this; the second refers to the comparative likelihood of the occurrence of this event and also the significance of the one's activities; while the third element, the prize, also refers to the financial compensation one receives after winning. In gaming, what matters most is that one wins, while what things least is if one wins or loses. In gambling, there is no such thing as pure win-loss ratio but instead a percentage of wins to all losses.