Gambling is fundamentally the wagering of something of value or money in an uncertain event with an equally uncertain result, with the main intention of winning either cash or product. Gambling therefore needs three elements in order 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 refers to the relative likelihood of the occurrence of the event and the relevance of this to one's actions; while the third component, the prize, describes the financial reimbursement 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 rather a proportion of wins to all losses.