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LukeYpf616

Gambling is fundamentally the wagering of some thing of value or cash on an uncertain event with a equally uncertain result, together with the main intention of winning either cash or product. Gambling therefore needs three elements for it to exist: risk, consideration, and a reward. The first one describes the doubt of the outcome and the importance one gives to the; the second refers to the comparative likelihood of the occurrence of this event and the significance of this to one's actions; while the third element, the prize, also describes the monetary reimbursement one receives after winning. In gambling, what matters most is that you wins, while what matters least is whether one wins or loses. In gambling, there is no such thing as pure win-loss ratio but rather a proportion of all wins to losses.