When comparing Monsters & Magic vs Risus, the Slant community recommends Risus for most people. In the question“What are the best tabletop RPGs?” Risus is ranked 12th while Monsters & Magic is ranked 42nd. The most important reason people chose Risus is:
Risus has a very minimalist rule system that breaks down all actions to their core function. Risus comes with a super short, four page rulebook (available in many forms and formats) that's easy to read, includes examples and has a bit of humor thrown in to make the process or learning more enjoyable.
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Pros
Pro The Effect Engine
The game uses a single core mechanic, which is flexible enough to cover a wide variety of situations. This helps GMs immensely when characters want to do things that aren't already covered in the system.
The mechanic itself works thusly: all rolls are 3d6 + modifiers minus difficulty. The result is how many effect points the player can apply to the action -- or, if negative, how many consequence points their opponent can apply to a reaction. Dealing damage is one use of effect points, but there's a limit on how much can be dealt at once, so additional effects (e.g. distracting, disarming, unmounting, etc.) see constant play instead of only being used rarely or by super-specialists. This also means failure is interesting, since it results in consequences!
This mechanic is used to do everything, and the game essentially consists of nothing but examples of how to use it.
Pro Interesting combat
Attacks generate effect points, which you spend to do things to your opponent. However, the amount of damage you can do is limited, which forces players to do other things... and the effect system is broad enough that these can be things like cutting off a carrion crawler's tentacles, knocking an opponent's sword out of their hand, and so on. Failures on attack generate consequence points as well, which your opponent can use to do things to you.
Pro Mental defense and hit points
Characters have a "Mental Defense" score and "Mental Hit Points". These are used to help provide a unified system for handling social encounters and mental attacks via magic.
Pro Can be taught in less than 10 minutes
Risus has a very minimalist rule system that breaks down all actions to their core function. Risus comes with a super short, four page rulebook (available in many forms and formats) that's easy to read, includes examples and has a bit of humor thrown in to make the process or learning more enjoyable.
Pro Very flexible rules
Risus is not confined to a selection of pre-defined character-classes, settings or abilities. Characters are described via clichés such as Witch Doctor, Gambler, Musician with a number of dice assigned to each cliché that are then used in challenges that relate to the appropriate cliché.
Pro A large following that provides a lot of content
A large amount of adventures, artwork, characters, clichés as well as optional rules can be found for Risus. An excellent resource for all aforementioned things as well as many others is Risusiverse, a fan-made website of all things Risus.
Cons
Con Not currently available in print
Is only available in PDF.
Con Few monsters & spells provided
The included rules have only about 20 monsters and 1st and 2nd-level spells. Third party publishers have supplements that provide more, or you can use ones from old D&D.
Con Little guidance can be found for GMs and players
Some prior understanding of how an RPG is played and what is the role of the GM is required as the rules cover only the very core of the system.