In chapter 5; Riddles in the dark; bilbo finds a ring.
Bilbo said, talking to himself, "what have i got in my pocket?" (it was the Ring). Gollum thought it was a riddle and Bilbo decided to make it one. he gave Gollum three chances to guess and gollum lost after four. then gollum went "to get something" (it was the ring), and Bilbo thought he was abandoned and left with the ring on. Gollum thought Bilbo knew the way out and he wanted to follow him, realizing Bilbo had the ring. Bilbo saw Gollum racing towards the gate and followed him to safety.
He was so pleased by their praise at the way that he so cleverly snuck into the camp without being seen, that he decided to keep the Ring out of it for a while.
Bilbo's mother was called Belladonna.
Bilbo escaped from the cave in The Hobbit by using his wits and the magical ring he found earlier in the story. He put on the ring, rendering himself invisible, and slipped past Gollum, the creature guarding the exit. Bilbo then followed Gollum out of the cave and made his way back to the company of dwarves.
they are called Hobbits
In chapter 5; Riddles in the dark; bilbo finds a ring.
Many people knew that the One Ring existed, but they didn't know that Bilbo had it, except for Gollum. Gandalf suspected that Bilbo had the ring, but he wasn't sure.
Bilbo said, talking to himself, "what have i got in my pocket?" (it was the Ring). Gollum thought it was a riddle and Bilbo decided to make it one. he gave Gollum three chances to guess and gollum lost after four. then gollum went "to get something" (it was the ring), and Bilbo thought he was abandoned and left with the ring on. Gollum thought Bilbo knew the way out and he wanted to follow him, realizing Bilbo had the ring. Bilbo saw Gollum racing towards the gate and followed him to safety.
Bilbo Baggins
it makes him invisible
In the Lord of the Rings, Bilbo Baggins steal the Ring of Sauron, which he made to rule over all the other rings. Bilbo later on than passes the ring on to Frodo Baggins, his youngest nephew, to destroy. This leads to the story, The Fellowship of the Ring.
Bilbo gives his cousin Frodo the One Ring after being hard pressed to do so by Gandalf. In fact, Bilbo almost drew his sword on Gandalf.
If it is in the Hobbit, it is to get Bilbo started on his adventure. If it is in the Fellowship of the Ring it is to have the ring returned to the mountain to be destroyed.
Bilbo asks Gollum "What's in my pocket" (the Ring) and Gollum cannot answer.
getting the ring to make him invisable, getting the knife called sting that gave bilbo the ability to cut out the dwarves out of the spiders silk, getting passed smaug
It is part of the ring's nature that the current possessor will always want to keep the ring to themselves, and not wish to share any of its knowledge or power.