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LukeYpf616

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