Gambling is basically the wagering of some thing of value or money on an uncertain event with an equally uncertain consequence, together with the major purpose of winning either money or product. Gambling therefore needs 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 for this; the second describes the relative likelihood of the occurrence of this event and also the significance of this to one's activities; while the third element, the prize, also refers to the financial 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 losses.
