Forum Iris & Bulbes

Betting is fundamentally the wagering of something of value or money in an uncertain event with an equally uncertain result, together with the major purpose of winning either cash or product. Gambling therefore requires three elements for it to exist: danger, consideration, and a reward. The first one describes the doubt of the outcome and the importance one gives for this; the second describes the comparative likelihood of the occurrence of this event and also the significance of this to one's actions; while the next component, the prize, also describes the financial compensation one receives after winning. In gambling, what matters most is that you wins, while what matters least is whether one wins or loses. In gaming, there's absolutely no such thing as pure win-loss ratio but rather a proportion of all wins to all losses.