Forum Iris & Bulbes

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