Forum Iris & Bulbes

Gambling is fundamentally the wagering of some thing of value or money on an uncertain event with a equally uncertain result, together with the main purpose of winning either cash or merchandise. Gambling therefore needs three components for it to exist: risk, consideration, and a reward. The first one describes the doubt of the outcome and also the importance one gives for the; the second describes the comparative likelihood of the occurrence of the event and also the relevance of this to one's actions; while the next component, the prize, describes the monetary compensation one receives after winning. In gaming, what matters most is that you wins, while what matters least is if one wins or loses. In gambling, there's absolutely no such thing as pure win-loss ratio but instead a percentage of wins to all losses.