Forum Iris & Bulbes

Betting is fundamentally the wagering of some thing of value or money on an uncertain event with a equally uncertain result, with the major intention of winning either cash or product. Gambling therefore requires three elements in order for it to exist: risk, consideration, and a reward. The first one refers to the uncertainty of the outcome and also the importance one gives for this; the second refers to the comparative likelihood of the occurrence of the event and also the significance of the one's actions; while the next component, the prize, refers to the financial reimbursement one receives after winning. In gaming, what matters most is that you wins, while what things least is whether one wins or loses. In gaming, there is no such thing as pure win-loss ratio but rather a proportion of wins to losses.