Forum Iris & Bulbes

Gambling is basically the wagering of something of value or money on an uncertain event with an equally uncertain consequence, with the major purpose 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 this; the second describes the comparative likelihood of the occurrence of the event and also the relevance of this to one's actions; while the third element, the prize, refers to the monetary compensation one receives after winning. In gaming, what matters most is that one wins, while what things least is if one wins or loses. In gaming, there's absolutely no such thing as pure win-loss ratio but rather a proportion of wins to all losses.