Forum Iris & Bulbes

Gambling is basically the wagering of some thing of value or money in an uncertain event with an equally uncertain result, together with the main intention of winning either cash or product. Gambling therefore requires three elements in order for it to exist: risk, consideration, and a reward. The first one refers to the uncertainty of the outcome and also the importance one gives for this; the second refers to the relative likelihood of this occurrence of this event and the relevance of this to one's actions; while the next component, the prize, refers to the monetary reimbursement one receives after winning. In gaming, what matters most is that you 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 proportion of all wins to losses.