Forum Iris & Bulbes

Gambling is fundamentally the wagering of some thing 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 elements in order for it to exist: danger, consideration, and a reward. The first one refers to the uncertainty of the outcome and the importance one gives to the; the second describes the relative likelihood of the occurrence of this event and also the significance of the one's actions; while the next element, the prize, describes the monetary reimbursement one receives after winning. In gambling, what matters most is that you wins, while what matters least is if one wins or loses. In gambling, there is no such thing as pure win-loss ratio but rather a proportion of wins to losses.