Forum Iris & Bulbes

Gambling is fundamentally the wagering of something of value or money in an uncertain event with an equally uncertain consequence, together with the major purpose of winning either cash or product. Gambling therefore needs three components for it to exist: risk, consideration, and a reward. The first one describes the uncertainty of the outcome and the importance one gives to the; the second refers to the comparative likelihood of the occurrence of this event and the significance of the one's activities; while the next element, the prize, also describes the financial compensation one receives after winning. In gaming, what matters most is that you wins, while what things least is whether one wins or loses. In gambling, there is no such thing as pure win-loss ratio but instead a proportion of wins to losses.