Forum Iris & Bulbes

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