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Betting is fundamentally the wagering of something of value or cash in an uncertain event with a equally uncertain result, together with the major purpose of winning either cash or merchandise. Gambling therefore requires three components in order for it to exist: risk, consideration, and a reward. The first one refers to the uncertainty of the outcome and the importance one gives for this; the second describes the relative likelihood of this occurrence of this event and the relevance of the one's activities; while the next component, the prize, also refers to the monetary reimbursement 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 all wins to all losses.