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LukeYpf616

Gambling is basically the wagering of something of value or money on an uncertain event with an equally uncertain result, with the major purpose of winning either money or merchandise. Gambling therefore requires three elements for it to exist: danger, consideration, and a reward. The first one refers to the uncertainty of the outcome and also the importance one gives to the; the second describes the comparative likelihood of the occurrence of the event and the significance of the one's activities; while the third component, the prize, also refers to the monetary compensation one receives after winning. In gaming, what matters most is that one wins, while what things least is whether one wins or loses. In gambling, there's absolutely no such thing as pure win-loss ratio but rather a proportion of all wins to all losses.