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Gambling is basically the wagering of some thing of value or money on an uncertain event with a equally uncertain consequence, together with the main purpose of winning either cash or merchandise. Gambling therefore requires three elements for it to exist: danger, consideration, and a reward. The first one describes the doubt of the outcome and the importance one gives to the; the second describes the relative likelihood of the occurrence of this event and also the relevance of this to one's actions; while the third element, the prize, refers to the financial reimbursement one receives after winning. In gambling, what matters most is that one wins, while what things least is whether one wins or loses. In gambling, there's absolutely no such thing as pure win-loss ratio but instead a proportion of wins to losses.