the blue and red idea network

Gambling is fundamentally 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 money or product. Gambling therefore requires three components for it to exist: danger, consideration, and a reward. The first one describes the uncertainty of the outcome and the importance one gives to this; the second refers to the comparative likelihood of this occurrence of this event and the relevance of this to one's activities; while the next element, the prize, refers to the monetary compensation one receives after winning. In gaming, what matters most is that one wins, while what matters least is whether one wins or loses. In gambling, there's absolutely no such thing as pure win-loss ratio but instead a proportion of all wins to all losses.