Gambling is basically the wagering of some thing of value or money on an uncertain event with an equally uncertain consequence, with the major intention of winning either cash or product. Gambling therefore needs 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 for the; the second refers to the relative likelihood of the occurrence of this event and the significance of the one's actions; while the third element, the prize, describes the monetary compensation one receives after winning. In gaming, what matters most is that you wins, while what things least is whether one wins or loses. In gambling, there's absolutely no such thing as pure win-loss ratio but rather a percentage of wins to all losses.
