Forum Iris & Bulbes

Gambling is basically the wagering of some thing of value or cash in 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: danger, consideration, and a reward. The first one refers to the uncertainty of the outcome and the importance one gives for this; the second describes the relative likelihood of this occurrence of this event and also the relevance of this to one's activities; while the third component, the prize, describes the financial reimbursement one receives after winning. In gambling, what matters most is that you wins, while what things least is whether one wins or loses. In gaming, there's absolutely no such thing as pure win-loss ratio but rather a percentage of wins to losses.