Forum Iris & Bulbes

Gambling is fundamentally the wagering of some thing of value or money in an uncertain event with a equally uncertain consequence, together with the major intention of winning either money or merchandise. Gambling therefore requires three elements for it to exist: danger, consideration, and a reward. The first one refers to the doubt of the outcome and also the importance one gives to this; the second describes the comparative likelihood of the occurrence of the event and the relevance of the one's actions; while the next component, the prize, also refers to the monetary compensation one receives after winning. In gaming, what matters most is that you wins, while what things least is if one wins or loses. In gambling, there is no such thing as pure win-loss ratio but instead a percentage of all wins to losses.