Forum Iris & Bulbes

Gambling is basically the wagering of something of value or money on an uncertain event with an equally uncertain result, together with the main intention of winning either money or merchandise. Gambling therefore needs three elements in order for it to exist: risk, consideration, and a reward. The first one describes the uncertainty of the outcome and also the importance one gives for the; the second describes the relative likelihood of the occurrence of the event and the relevance of this to one's activities; while the third element, the prize, refers to the monetary compensation one receives after winning. In gambling, what matters most is that you wins, while what matters least is whether one wins or loses. In gaming, there's absolutely no such thing as pure win-loss ratio but instead a proportion of wins to losses.