Forum Iris & Bulbes

Betting is fundamentally the wagering of something of value or money on an uncertain event with an equally uncertain consequence, with the main purpose of winning either money or product. Gambling therefore requires three components for it to exist: risk, consideration, and a reward. The first one describes the uncertainty of the outcome and the importance one gives to the; the second refers to the relative likelihood of the occurrence of the event and the significance of the one's activities; while the next component, the prize, also describes the monetary reimbursement one receives after winning. In gambling, what matters most is that one wins, while what matters least is whether 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.