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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, with the main purpose of winning either cash or product. Gambling therefore requires three components for it to exist: risk, consideration, and a reward. The first one refers to the doubt of the outcome and also the importance one gives for this; the second describes the relative likelihood of the occurrence of this event and the significance of the one's actions; while the next component, the prize, describes the financial reimbursement one receives after winning. In gaming, what matters most is that one wins, while what matters least is if one wins or loses. In gaming, there is no such thing as pure win-loss ratio but rather a proportion of wins to losses.