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Gambling is basically the wagering of some thing of value or cash in an uncertain event with a equally uncertain result, with the main intention of winning either money or merchandise. Gambling therefore requires three elements for it to exist: risk, consideration, and a reward. The first one describes the uncertainty of the outcome and also the importance one gives for the; the second refers to the relative likelihood of this occurrence of this event and also the significance of the one's activities; while the next component, the prize, also describes the financial compensation one receives after winning. In gaming, what matters most is that one 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 proportion of all wins to all losses.

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