Forum Iris & Bulbes

Betting is basically the wagering of something of value or money on an uncertain event with an equally uncertain consequence, with the major intention of winning either cash or product. Gambling therefore requires three components in order for it to exist: risk, consideration, and a reward. The first one refers to the doubt of the outcome and the importance one gives for the; the second refers to the relative likelihood of this occurrence of this event and also the relevance of the one's actions; while the next element, the prize, refers to the financial reimbursement one receives after winning. In gambling, what matters most is that you wins, while what matters least is whether one wins or loses. In gambling, there is no such thing as pure win-loss ratio but instead a percentage of wins to losses.