Forum Iris & Bulbes

Gambling is basically the wagering of something of value or cash on an uncertain event with an equally uncertain result, together with the major intention of winning either money or merchandise. Gambling therefore needs three components in order for it to exist: risk, consideration, and a reward. The first one describes the doubt of the outcome and also the importance one gives for this; the second describes the relative likelihood of the occurrence of this event and the relevance of the one's activities; while the next component, the prize, also describes the monetary reimbursement one receives after winning. In gambling, 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 rather a proportion of wins to losses.