I am the new guy

Gambling is basically the wagering of some thing of value or cash on an uncertain event with an equally uncertain consequence, with the main purpose of winning either money or merchandise. Gambling therefore requires three components in order for it to exist: danger, consideration, and a reward. The first one refers to the doubt of the outcome and the importance one gives for the; the second refers to the comparative likelihood of this occurrence of this event and the significance of the one's activities; while the third element, the prize, refers to the monetary reimbursement one receives after winning. In gambling, 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 instead a percentage of all wins to losses.