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Gambling is fundamentally 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 money or product. Gambling therefore needs three components in order for it to exist: risk, consideration, and a reward. The first one refers to the uncertainty of the outcome and also the importance one gives to this; the second refers to the relative likelihood of this occurrence of this event and also the relevance of the one's actions; while the next component, the prize, refers to the monetary 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's absolutely no such thing as pure win-loss ratio but rather a proportion of all wins to all losses. |
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