Forum Iris & Bulbes

Betting is basically the wagering of some thing of value or cash on an uncertain event with a equally uncertain result, with the main intention of winning either money or merchandise. Gambling therefore requires three components for it to exist: danger, consideration, and a reward. The first one refers to the doubt of the outcome and also the importance one gives for the; the second describes the relative likelihood of the occurrence of this event and the significance of this to one's activities; while the next component, the prize, also refers to the financial reimbursement one receives after winning. In gaming, what matters most is that you wins, while what matters least is if one wins or loses. In gaming, there is no such thing as pure win-loss ratio but instead a proportion of all wins to all losses.