Forum Iris & Bulbes

Gambling is fundamentally the wagering of some thing of value or cash on an uncertain event with a equally uncertain result, with the main 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 also the importance one gives to the; the second refers to the relative likelihood of this occurrence of the event and also the significance of the one's actions; while the third element, the prize, also refers to the monetary compensation one receives after winning. In gaming, 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 all wins to losses.