If there was no "breather" system, as used to be the case on old cars, there would always be a slight trail of wispy steamy vapour leaving the engine from the vent pipe that allowed the fumes to escape to the atmosphere. Really bad cases left trails of fumes like a smoke screen.
Fumes? What fumes? How come fumes?
Well, it is a mixture of stuff, almost all of which has come past the piston (despite the rings) from the combustion chamber space ABOVE the pistons, and thus into the crankcase space BELOW the pistons. If there was no vent, the crankcase would pressurise, probably blow out oil seals, and generally make a big mess.
These fumes are a mixture of AIR, unburnt fuel, and exhaust gases. Nasty.
Modern cars have simple methods of sending these fumes back to the inlet manifold and into the engine to get burned up, thus cutting down pollution, and making your engine a bit less oily.
If the anti pollution fume breather valve(s) are working, there should be a very slight depression (low pressure compared to outside) inside the engine, thus cutting down on the chances of oil leaks. Better, all the water vapour that passes the piston (steam ...) is taken away, and without that water the nasty acids that eat your engine cannot form, at all, or so quickly.
Moral - make sure your engine breather system works. Clean the filler cap in kero (petrol if you take care to dry it well) and make sure all the pipes and hoses are clean inside. They can gunge up till there are BLOCKED in no time at all, and this can cause monster oil leaks.
CharlesY