Forum Iris & Bulbes

Gambling is fundamentally the wagering of some thing of value or cash in an uncertain event with a equally uncertain consequence, together with the main intention 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 doubt of the outcome and the importance one gives for this; the second describes the comparative likelihood of this occurrence of the event and the significance of this to one's activities; while the third element, the prize, describes the financial reimbursement one receives after winning. In gambling, what matters most is that one wins, while what things least is if one wins or loses. In gambling, there's absolutely no such thing as pure win-loss ratio but instead a proportion of wins to all losses.