Forum Iris & Bulbes

Betting is fundamentally the wagering of some thing of value or money on an uncertain event with a equally uncertain result, together with the major purpose of winning either cash or merchandise. Gambling therefore needs three components 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 describes the relative likelihood of the occurrence of the event and the relevance of the one's activities; while the third component, the prize, also refers to the financial reimbursement one receives after winning. In gambling, what matters most is that one wins, while what matters least is if 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 losses.