Forum Iris & Bulbes

Gambling is basically the wagering of something of value or cash on an uncertain event with a equally uncertain result, together with the main intention of winning either cash or merchandise. Gambling therefore requires three elements 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 for this; the second describes the comparative likelihood of this occurrence of this event and also the relevance of the one's actions; while the next element, the prize, refers to the financial compensation one receives after winning. In gambling, what matters most is that one wins, while what matters least is whether one wins or loses. In gambling, there's absolutely no such thing as pure win-loss ratio but instead a percentage of wins to all losses.