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WCFTim580

Betting is basically the wagering of something of value or money in an uncertain event with a equally uncertain result, together with the main purpose of winning either money or product. Gambling therefore needs three components for it to exist: danger, consideration, and a reward. The first one refers to the doubt of the outcome and also the importance one gives to this; the second refers to the comparative likelihood of this occurrence of the event and also the relevance of this to one's activities; while the next component, the prize, describes the financial compensation one receives after winning. In gambling, what matters most is that one wins, while what things 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 wins to losses.