Betting is fundamentally the wagering of something of value or cash in an uncertain event with an equally uncertain result, together with the major purpose of winning either money or merchandise. Gambling therefore requires three components for it to exist: risk, consideration, and a reward. The first one describes the uncertainty of the outcome and the importance one gives to the; the second refers to the comparative likelihood of the occurrence of the event and the relevance of the one's activities; while the third element, the prize, also refers to 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's absolutely no such thing as pure win-loss ratio but instead a percentage of all wins to all losses.
