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Betting is basically the wagering of something of value or money in an uncertain event with a equally uncertain result, with the major intention of winning either cash 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 also the importance one gives to the; the second refers to the comparative likelihood of this occurrence of this event and the relevance 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 one wins, while what matters least is whether one wins or loses. In gaming, there's absolutely no such thing as pure win-loss ratio but rather a percentage of all wins to losses.