Betting is basically the wagering of something of value or cash on an uncertain event with an equally uncertain result, together with the main intention of winning either money or product. Gambling therefore requires three components for it to exist: danger, consideration, and a reward. The first one describes the doubt of the outcome and also the importance one gives to the; the second refers to the comparative likelihood of the occurrence of the event and also the relevance of this to one's activities; while the next component, the prize, also refers to the financial reimbursement one receives after winning. In gaming, what matters most is that one wins, while what matters least is if one wins or loses. In gaming, there's absolutely no such thing as pure win-loss ratio but instead a percentage of all wins to losses.
