the blue and red idea network

Gambling is fundamentally the wagering of some thing of value or cash on an uncertain event with a equally uncertain result, with the main purpose of winning either cash or product. Gambling therefore needs three elements 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 relative likelihood of this occurrence of the event and also the significance of this to one's activities; while the third component, the prize, also describes the financial compensation one receives after winning. In gaming, what matters most is that one wins, while what matters least is if one wins or loses. In gaming, there is no such thing as pure win-loss ratio but instead a percentage of all wins to losses.