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Gambling is fundamentally the wagering of something of value or money on an uncertain event with an equally uncertain result, with the main intention of winning either money or product. Gambling therefore requires three elements in order for it to exist: risk, consideration, and a reward. The first one refers to the doubt of the outcome and also the importance one gives for this; the second describes the relative likelihood of this occurrence of this event and the relevance of this to one's actions; while the next component, the prize, refers to the monetary reimbursement one receives after winning. In gaming, what matters most is that you wins, while what matters least is if one wins or loses. In gaming, there's absolutely no such thing as pure win-loss ratio but rather a proportion of all wins to losses. |
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