Forum Iris & Bulbes

Gambling is fundamentally the wagering of some thing of value or cash in an uncertain event with a equally uncertain result, with the major purpose of winning either cash or merchandise. Gambling therefore needs three elements in order for it to exist: risk, consideration, and a reward. The first one describes the doubt of the outcome and also the importance one gives to the; the second describes the relative likelihood of this occurrence of this event and also the relevance of this to one's actions; while the third element, the prize, also describes 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 gambling, there's absolutely no such thing as pure win-loss ratio but instead a percentage of all wins to all losses.