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ORLTamie66

Gambling is basically the wagering of some thing of value or money in an uncertain event with a equally uncertain result, together with the main purpose of winning either money or merchandise. Gambling therefore requires three components 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 comparative likelihood of the occurrence of this event and also the relevance of the one's activities; while the next element, the prize, also refers to the monetary reimbursement one receives after winning. In gambling, what matters most is that you wins, while what matters least is whether one wins or loses. In gambling, there is no such thing as pure win-loss ratio but instead a percentage of all wins to losses.