Betting is basically the wagering of something of value or money on an uncertain event with a equally uncertain consequence, with the main purpose of winning either cash or product. Gambling therefore requires three components in order for it to exist: danger, consideration, and a reward. The first one describes the doubt of the outcome and also the importance one gives for this; the second describes the relative likelihood of the occurrence of the event and the significance of the one's actions; while the third component, the prize, also refers to the monetary reimbursement one receives after winning. In gaming, what matters most is that one wins, while what matters least is whether one wins or loses. In gaming, there's absolutely no such thing as pure win-loss ratio but rather a proportion of wins to all losses.
