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Gambling is basically the wagering of something of value or money in an uncertain event with an equally uncertain result, with the main purpose of winning either cash or product. Gambling therefore needs three elements for it to exist: risk, consideration, and a reward. The first one describes the uncertainty of the outcome and also the importance one gives for the; the second refers to the relative likelihood of this occurrence of the event and the significance of this to one's actions; while the third component, the prize, describes the financial compensation one receives after winning. In gaming, what matters most is that you wins, while what things least is if one wins or loses. In gaming, there's absolutely no such thing as pure win-loss ratio but instead a percentage of all wins to losses.
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