For those who have been silenced...
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Betting is fundamentally the wagering of some thing of value or cash in an uncertain event with an equally uncertain result, together with the main intention of winning either cash or merchandise. Gambling therefore requires three elements in order for it to exist: risk, consideration, and a reward. The first one refers to the doubt of the outcome and the importance one gives to the; the second refers to the relative likelihood of this occurrence of the event and the relevance of the one's activities; while the third component, the prize, refers to the monetary compensation one receives after winning. In gaming, what matters most is that you wins, while what matters least is if one wins or loses. In gambling, there is no such thing as pure win-loss ratio but rather a proportion of all wins to losses.