Forum Iris & Bulbes

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