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Gambling is basically the wagering of something of value or money in an uncertain event with an equally uncertain consequence, together with the major intention of winning either cash or product. Gambling therefore needs three components in order for it to exist: danger, consideration, and a reward. The first one describes the doubt of the outcome and the importance one gives to the; the second describes the comparative likelihood of this occurrence of the event and also the significance of the one's actions; while the third element, the prize, also refers to the financial compensation 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 is no such thing as pure win-loss ratio but instead a percentage of all wins to all losses. |
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