Gambling is basically the wagering of some thing of value or cash in an uncertain event with a equally uncertain result, together with the main intention of winning either cash or product. 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 for the; the second describes the comparative likelihood of this occurrence of the event and also the significance of this to one's actions; while the next component, the prize, also refers to the monetary reimbursement 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 is no such thing as pure win-loss ratio but rather a percentage of wins to all losses.
