Forum Iris & Bulbes

Gambling is fundamentally the wagering of something of value or money in an uncertain event with an equally uncertain result, together with the major purpose of winning either money or merchandise. Gambling therefore requires three elements in order for it to exist: risk, consideration, and a reward. The first one describes the uncertainty of the outcome and also the importance one gives to this; the second refers to the relative likelihood of this occurrence of the event and also the significance of the one's actions; while the third component, the prize, refers to the monetary compensation one receives after winning. In gambling, what matters most is that you 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 percentage of wins to all losses.