I am the new guy

Betting is fundamentally the wagering of some thing of value or money on an uncertain event with a equally uncertain consequence, together with the main purpose of winning either cash or merchandise. Gambling therefore needs three components for it to exist: risk, consideration, and a reward. The first one describes the doubt of the outcome and the importance one gives for this; the second describes the comparative likelihood of this occurrence of the event and the relevance of the one's actions; while the third element, the prize, also refers to the monetary compensation one receives after winning. In gambling, what matters most is that one wins, while what matters least is if one wins or loses. In gambling, there's absolutely no such thing as pure win-loss ratio but rather a percentage of wins to all losses.