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LukeYpf616

Betting is basically the wagering of something of value or cash on an uncertain event with a equally uncertain consequence, together with the major purpose 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 the importance one gives for the; the second refers to the relative likelihood of this occurrence of this event and also the relevance of the one's activities; while the next element, the prize, refers to the monetary reimbursement one receives after winning. In gaming, what matters most is that you wins, while what things least is whether one wins or loses. In gaming, there is no such thing as pure win-loss ratio but rather a proportion of all wins to losses.