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Gambling is fundamentally the wagering of some thing of value or money in an uncertain event with a equally uncertain result, with the major purpose of winning either cash or merchandise. Gambling therefore needs three components in order for it to exist: risk, consideration, and a reward. The first one describes the uncertainty of the outcome and also the importance one gives for this; the second refers to the relative likelihood of the occurrence of this event and also the significance of this to one's activities; while the third element, the prize, describes the monetary compensation one receives after winning. In gambling, what matters most is that you wins, while what things least is if one wins or loses. In gambling, there is no such thing as pure win-loss ratio but rather a percentage of wins to losses.