Forum Iris & Bulbes

Betting is fundamentally the wagering of some thing of value or cash on an uncertain event with an equally uncertain consequence, together with the main intention of winning either cash or product. 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 the importance one gives to this; the second describes the relative likelihood of the occurrence of this event and the significance of the one's activities; while the next component, 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 all wins to all losses.