Forum Iris & Bulbes

Gambling is fundamentally the wagering of something of value or money on an uncertain event with an equally uncertain result, together with the main purpose of winning either cash or merchandise. Gambling therefore requires three elements for it to exist: risk, consideration, and a reward. The first one describes the uncertainty of the outcome and also the importance one gives to the; the second describes the relative likelihood of this occurrence of the event and also the relevance of this to one's actions; while the third component, the prize, also refers to the monetary reimbursement one receives after winning. In gaming, what matters most is that one wins, while what matters least is if one wins or loses. In gambling, there is no such thing as pure win-loss ratio but instead a proportion of all wins to all losses.