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Gambling is fundamentally the wagering of something of value or cash in an uncertain event with an equally uncertain result, with the main intention of winning either money or merchandise. Gambling therefore requires three components for it to exist: danger, consideration, and a reward. The first one refers to the doubt of the outcome and the importance one gives for the; the second refers to the comparative likelihood of the occurrence of the event and also the relevance of the one's activities; while the third component, the prize, also refers to the financial compensation one receives after winning. In gaming, what matters most is that one 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 wins to all losses. |
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