Forum Iris & Bulbes

Gambling is basically the wagering of some thing of value or money on an uncertain event with an equally uncertain consequence, with the major intention of winning either cash or product. Gambling therefore requires three elements in order for it to exist: risk, consideration, and a reward. The first one refers to the uncertainty of the outcome and also the importance one gives to the; the second describes the comparative likelihood of the occurrence of this event and the significance of the one's activities; while the next element, the prize, describes the financial 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 wins to losses.