Forum Iris & Bulbes

Betting is basically the wagering of some thing of value or money on an uncertain event with an equally uncertain result, with the major 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 the importance one gives for the; the second describes the comparative likelihood of this occurrence of the event and also the relevance of the one's activities; while the third component, the prize, refers to the financial reimbursement one receives after winning. In gaming, what matters most is that one wins, while what matters least is if one wins or loses. In gaming, there is no such thing as pure win-loss ratio but instead a percentage of all wins to all losses.