Gambling is fundamentally the wagering of some thing of value or cash on an uncertain event with an equally uncertain result, together with the main purpose of winning either money or product. Gambling therefore needs three elements in order for it to exist: risk, consideration, and a reward. The first one refers to the uncertainty of the outcome and also the importance one gives to the; the second describes the relative likelihood of the occurrence of the event and the relevance of this to one's actions; while the third component, the prize, describes the monetary reimbursement one receives after winning. In gaming, what matters most is that you wins, while what matters least is whether one wins or loses. In gaming, there is no such thing as pure win-loss ratio but rather a percentage of all wins to all losses.
