Who will win the war in Ukraine? For centuries the outcome of war has been described in terms of victory and defeat. Since the Russian invasion began in February 2022, scores of articles in the daily press have touched on the issue of the Ukraine war. At the same time, an increasing number of analysts and scholars argue that the concepts victory/defeat are not the most adequate to describe the outcomes of several modern wars. It is empirically rare with unequivocal outcomes where one side unconditionally surrenders and war almost never follows a clear template. Superpowers are seemingly defeated by poor developing countries and planned blitzkrieg operations get stuck in the mud and lack of maintenance. At the same time, it is easy to see that there is a significant interest for the parties involved in a war to continue using the concepts victory/defeat because one of the few things that can legitimize the enormous costs of that war is precisely victory. In this text, the outcome of the Ukraine war – as it looks like in early 2023 – is analyzed according to Johnson and Tierney’s model of the so-called score-keeping and match-fixing.