Forum Iris & Bulbes

Gambling is basically the wagering of something of value or money in an uncertain event with a equally uncertain result, together with the major purpose of winning either money or merchandise. Gambling therefore requires three elements for it to exist: danger, consideration, and a reward. The first one refers to the uncertainty of the outcome and also the importance one gives to the; the second refers to the comparative likelihood of this occurrence of this event and the relevance of the one's activities; while the third component, the prize, refers to the monetary reimbursement one receives after winning. In gambling, what matters most is that you wins, while what things least is whether one wins or loses. In gaming, there is no such thing as pure win-loss ratio but rather a proportion of all wins to losses.