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Gambling is fundamentally the wagering of something of value or cash in an uncertain event with a equally uncertain consequence, together with the major purpose of winning either money or merchandise. Gambling therefore requires three components in order for it to exist: risk, 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 the event and also the relevance of this to one's activities; while the next element, the prize, describes the financial reimbursement 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 all losses.