Forum Iris & Bulbes

Gambling is basically the wagering of some thing of value or cash in an uncertain event with an equally uncertain result, with the major purpose of winning either cash or merchandise. Gambling therefore requires three elements 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 this occurrence of the event and also the relevance of this to one's activities; while the next element, the prize, refers to the financial compensation one receives after winning. In gambling, what matters most is that one wins, while what matters least is whether one wins or loses. In gaming, there is no such thing as pure win-loss ratio but rather a proportion of wins to all losses.