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Betting is fundamentally the wagering of something of value or cash in an uncertain event with an equally uncertain result, with the major intention of winning either cash or product. Gambling therefore requires three elements for it to exist: danger, consideration, and a reward. The first one refers to the uncertainty of the outcome and also the importance one gives for this; the second describes the comparative likelihood of the occurrence of this event and the significance of the one's activities; while the next element, the prize, also 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 gambling, there's absolutely no such thing as pure win-loss ratio but instead a percentage of all wins to all losses.