Gambling is fundamentally the wagering of something of value or cash in an uncertain event with a equally uncertain consequence, with the major purpose of winning either cash or merchandise. Gambling therefore needs three components for it to exist: danger, consideration, and a reward. The first one refers to the uncertainty of the outcome and the importance one gives to this; the second describes the relative likelihood of the occurrence of the event and also the significance of this to one's activities; while the third component, the prize, describes the financial compensation 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 proportion of all wins to losses.
