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Betting is basically the wagering of something of value or cash in an uncertain event with an equally uncertain consequence, with the main purpose of winning either cash or merchandise. Gambling therefore needs three elements for it to exist: risk, 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 the occurrence of this event and the significance of this to one's activities; while the third component, the prize, also refers to the monetary compensation one receives after winning. In gaming, what matters most is that you wins, while what things least is if one wins or loses. In gaming, there is no such thing as pure win-loss ratio but instead a percentage of wins to all losses.