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Betting is basically the wagering of some thing of value or money on an uncertain event with a equally uncertain result, with the major intention of winning either cash or product. Gambling therefore needs 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 to this; the second describes the comparative likelihood of this occurrence of this event and the significance of the one's actions; while the third component, the prize, also 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 instead a percentage of all wins to losses.
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