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Betting is basically the wagering of some thing of value or cash on an uncertain event with an equally uncertain result, with the main purpose of winning either cash or product. Gambling therefore needs three components in order for it to exist: danger, consideration, and a reward. The first one refers to the uncertainty of the outcome and the importance one gives to the; the second describes the relative likelihood of this occurrence of the event and the significance of the one's activities; while the next component, the prize, describes 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 gambling, there is no such thing as pure win-loss ratio but rather a proportion of wins to losses.