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Betting is basically the wagering of some thing of value or cash on an uncertain event with a equally uncertain result, together with the main purpose of winning either cash or product. Gambling therefore requires three components for it to exist: danger, consideration, and a reward. The first one describes the doubt of the outcome and also the importance one gives for this; the second describes the comparative likelihood of this occurrence of this event and the significance of the one's actions; while the next component, the prize, also refers to 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 is no such thing as pure win-loss ratio but rather a percentage of wins to losses.