Forum Iris & Bulbes

Betting is fundamentally the wagering of something of value or money on an uncertain event with a equally uncertain consequence, with the main purpose of winning either money or merchandise. Gambling therefore requires three components in order for it to exist: risk, consideration, and a reward. The first one describes the doubt of the outcome and the importance one gives for this; the second describes the relative likelihood of this occurrence of the event and also the significance of the one's actions; while the third element, the prize, also refers to the financial compensation one receives after winning. In gaming, what matters most is that you wins, while what things least is whether one wins or loses. In gaming, there is no such thing as pure win-loss ratio but instead a percentage of wins to all losses.