Forum Iris & Bulbes

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