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WCFTim580

Betting is fundamentally the wagering of something of value or money on an uncertain event with a equally uncertain result, with the major intention of winning either money or merchandise. Gambling therefore needs three components for it to exist: danger, consideration, and a reward. The first one describes the uncertainty of the outcome and the importance one gives for the; the second refers to the relative likelihood of this occurrence of the event and the relevance of the one's actions; while the third element, the prize, also refers to the monetary reimbursement one receives after winning. In gambling, what matters most is that you wins, while what things least is whether one wins or loses. In gaming, there's absolutely no such thing as pure win-loss ratio but instead a percentage of all wins to losses.