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NannieGale

Betting is fundamentally the wagering of something of value or cash in an uncertain event with a equally uncertain result, together with the major intention of winning either cash or merchandise. Gambling therefore needs three elements in order for it to exist: risk, consideration, and a reward. The first one describes the doubt of the outcome and the importance one gives to this; the second refers to the comparative likelihood of this occurrence of this event and also the significance of this to one's activities; while the next element, the prize, refers to the monetary reimbursement one receives after winning. In gaming, what matters most is that one wins, while what things least is whether one wins or loses. In gaming, there is no such thing as pure win-loss ratio but rather a percentage of wins to losses.