Forum Iris & Bulbes

Gambling is fundamentally the wagering of something of value or cash on an uncertain event with an equally uncertain result, together with the major intention of winning either cash or product. Gambling therefore needs 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 relative likelihood of the occurrence of the event and the significance of the one's actions; while the third component, the prize, refers to the monetary reimbursement one receives after winning. In gaming, what matters most is that one wins, while what matters least is whether one wins or loses. In gaming, there is no such thing as pure win-loss ratio but instead a percentage of all wins to all losses.