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Gambling is basically the wagering of some thing of value or money in an uncertain event with a equally uncertain consequence, together with the main purpose of winning either cash or merchandise. Gambling therefore requires three components for it to exist: risk, consideration, and a reward. The first one refers to the uncertainty of the outcome and the importance one gives for this; the second refers to the comparative likelihood of this occurrence of the event and also the significance of the one's actions; while the next component, the prize, refers to the monetary reimbursement one receives after winning. In gambling, what matters most is that one wins, while what things least is whether one wins or loses. In gambling, there's absolutely no such thing as pure win-loss ratio but rather a percentage of wins to all losses.

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