Forum Iris & Bulbes

Gambling is fundamentally the wagering of some thing of value or money on an uncertain event with a equally uncertain consequence, with the main purpose of winning either money or product. Gambling therefore requires three elements in order for it to exist: risk, consideration, and a reward. The first one refers to the uncertainty of the outcome and also the importance one gives for the; the second refers to the relative likelihood of the occurrence of this event and the relevance 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 one wins, while what things least is whether one wins or loses. In gambling, there's absolutely no such thing as pure win-loss ratio but instead a percentage of all wins to all losses.