Betting is fundamentally the wagering of something of value or money in an uncertain event with an equally uncertain consequence, with the major purpose of winning either cash or product. Gambling therefore requires three elements for it to exist: danger, consideration, and a reward. The first one describes the doubt of the outcome and also the importance one gives for the; the second describes the comparative likelihood of this occurrence of this event and the relevance of this to one's actions; while the next component, the prize, refers to the monetary reimbursement one receives after winning. In gaming, what matters most is that you wins, while what matters least is whether one wins or loses. In gaming, there is no such thing as pure win-loss ratio but rather a proportion of wins to losses.
