Forum Iris & Bulbes

Gambling is fundamentally the wagering of some thing of value or cash on an uncertain event with an equally uncertain consequence, with the major purpose of winning either cash or product. Gambling therefore requires three elements 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 the; the second describes the relative likelihood of the occurrence of the event and also the significance of the one's actions; while the next component, the prize, refers to the financial compensation one receives after winning. In gaming, what matters most is that you wins, while what matters least is whether one wins or loses. In gambling, there is no such thing as pure win-loss ratio but instead a percentage of wins to losses.