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Gambling is basically the wagering of some thing of value or cash in an uncertain event with an equally uncertain result, with the main purpose of winning either money or merchandise. Gambling therefore needs three elements in order 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 describes the comparative likelihood of this occurrence of this event and the significance of this to one's actions; while the third element, the prize, also refers to the financial reimbursement one receives after winning. In gaming, what matters most is that one wins, while what things least is if one wins or loses. In gaming, there is no such thing as pure win-loss ratio but rather a percentage of all wins to all losses.
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