Gambling is fundamentally the wagering of something of value or cash in an uncertain event with an equally uncertain consequence, with the major purpose of winning either cash or merchandise. Gambling therefore requires three elements in order for it to exist: danger, consideration, and a reward. The first one describes the uncertainty of the outcome and also the importance one gives to the; the second describes the relative likelihood of the occurrence of this event and also the relevance of this to one's activities; while the next element, 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 if one wins or loses. In gaming, there is no such thing as pure win-loss ratio but instead a percentage of wins to all losses.
