Forum Iris & Bulbes

Gambling is basically the wagering of some thing of value or cash in an uncertain event with a equally uncertain consequence, with the main intention of winning either cash or product. Gambling therefore requires three components in order for it to exist: danger, consideration, and a reward. The first one refers to 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 the significance of the one's actions; while the next element, the prize, also refers to the monetary compensation one receives after winning. In gaming, what matters most is that one wins, while what matters least is if one wins or loses. In gambling, there is no such thing as pure win-loss ratio but rather a proportion of wins to all losses.