Forum Iris & Bulbes

Betting is basically the wagering of some thing of value or money in an uncertain event with a equally uncertain result, with the major intention of winning either money or merchandise. Gambling therefore needs three elements for it to exist: danger, consideration, and a reward. The first one describes the doubt of the outcome and the importance one gives for the; the second refers to the comparative likelihood of the occurrence of the event and the relevance of the one's actions; while the next element, the prize, describes the financial reimbursement one receives after winning. In gambling, what matters most is that one 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 percentage of all wins to losses.