Betting is fundamentally the wagering of something of value or cash in an uncertain event with a equally uncertain consequence, with the main intention of winning either money or merchandise. Gambling therefore needs 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 this; the second describes the relative likelihood of this occurrence of the event and the relevance of the one's actions; while the next element, the prize, also describes the financial compensation one receives after winning. In gaming, what matters most is that you 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 percentage of wins to losses.