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Gambling is basically the wagering of some thing of value or money on an uncertain event with an equally uncertain result, together with the major purpose of winning either cash or product. Gambling therefore requires three components for it to exist: risk, consideration, and a reward. The first one describes the uncertainty of the outcome and the importance one gives to this; the second describes the comparative likelihood of the occurrence of this event and the significance of the one's activities; while the next component, the prize, describes the monetary compensation one receives after winning. In gambling, what matters most is that one wins, while what things least is whether one wins or loses. In gambling, there is no such thing as pure win-loss ratio but instead a percentage of wins to all losses.