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Betting is fundamentally the wagering of some thing of value or cash in an uncertain event with an equally uncertain consequence, with the major intention of winning either cash or merchandise. Gambling therefore needs three components for it to exist: danger, consideration, and a reward. The first one describes the doubt of the outcome and the importance one gives for this; the second refers to the comparative likelihood of this occurrence of this event and the relevance of the one's actions; while the third element, the prize, refers to the monetary compensation one receives after winning. In gaming, what matters most is that one wins, while what things least is whether one wins or loses. In gaming, there is no such thing as pure win-loss ratio but instead a percentage of all wins to all losses.