Forum Iris & Bulbes

Gambling is fundamentally the wagering of something of value or cash on an uncertain event with an equally uncertain consequence, together with the main intention of winning either cash or merchandise. Gambling therefore requires three components for it to exist: risk, consideration, and a reward. The first one describes the uncertainty of the outcome and also the importance one gives for the; the second refers to the comparative likelihood of the occurrence of the event and the significance of this to one's activities; while the third element, the prize, describes the financial reimbursement 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 rather a proportion of wins to all losses.