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Gambling is basically the wagering of some thing of value or money in an uncertain event with an equally uncertain consequence, together with the major purpose of winning either money or merchandise. Gambling therefore needs three elements for it to exist: danger, consideration, and a reward. The first one refers to the uncertainty of the outcome and also the importance one gives for the; the second describes the relative likelihood of this occurrence of the event and also the significance of this to one's actions; while the next component, the prize, refers to the financial reimbursement one receives after winning. In gambling, 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 all losses.