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Gambling is fundamentally the wagering of something of value or money in an uncertain event with an equally uncertain consequence, with the major purpose of winning either money or product. Gambling therefore requires three elements in order for it to exist: danger, consideration, and a reward. The first one describes the doubt of the outcome and the importance one gives to the; the second refers to the relative likelihood of this occurrence of the event and also the significance of the one's activities; while the next element, the prize, refers to the financial compensation 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's absolutely no such thing as pure win-loss ratio but rather a percentage of all wins to losses.
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