Forum Iris & Bulbes

Betting is fundamentally the wagering of something of value or cash on an uncertain event with a equally uncertain consequence, with the main purpose of winning either cash or product. Gambling therefore needs three elements 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 this; the second describes the relative likelihood of the occurrence of the event and the significance of the one's activities; while the third component, the prize, also describes the monetary 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 gaming, there's absolutely no such thing as pure win-loss ratio but instead a proportion of wins to all losses.