Forum Iris & Bulbes

Betting is basically the wagering of some thing of value or money on an uncertain event with a equally uncertain result, with the major purpose of winning either cash or product. Gambling therefore requires three components in order for it to exist: risk, 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 comparative likelihood of the occurrence of this event and also the significance of the one's activities; while the third component, the prize, also refers to the monetary reimbursement one receives after winning. In gambling, what matters most is that one wins, while what things 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.