Gambling is fundamentally the wagering of some thing of value or money in an uncertain event with a equally uncertain result, together with the main purpose of winning either money or merchandise. Gambling therefore needs three elements in order for it to exist: risk, consideration, and a reward. The first one refers to the doubt of the outcome and the importance one gives to this; the second describes the comparative likelihood of the occurrence of this event and the significance of the one's actions; while the next element, the prize, also refers to the financial compensation 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's absolutely no such thing as pure win-loss ratio but rather a proportion of wins to losses.
