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Betting is fundamentally the wagering of some thing of value or cash on an uncertain event with an equally uncertain result, together with the major intention of winning either money or merchandise. Gambling therefore needs three elements for it to exist: danger, consideration, and a reward. The first one describes the uncertainty of the outcome and the importance one gives for the; the second refers to the relative likelihood of the occurrence of the event and also the significance of the one's activities; while the third component, the prize, also describes the monetary reimbursement one receives after winning. In gaming, what matters most is that you wins, while what things least is whether 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 all losses.